Mettler-Toledo International Inc. (NYSE:MTD) Shares Acquired by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC boosted its position in Mettler-Toledo International Inc. (NYSE:MTD) by 2,300.0% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 144 shares of the medical instruments supplier’s stock after acquiring an additional 138 shares during the quarter. Exchange Traded Concepts LLC’s holdings in Mettler-Toledo International were worth $216,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. PineStone Asset Management Inc. raised its stake in shares of Mettler-Toledo International by 127.4% in the 2nd quarter. PineStone Asset Management Inc. now owns 259,629 shares of the medical instruments supplier’s stock valued at $362,855,000 after purchasing an additional 145,453 shares in the last quarter. Capital International Investors lifted its holdings in Mettler-Toledo International by 15.1% during the 1st quarter. Capital International Investors now owns 1,075,420 shares of the medical instruments supplier’s stock worth $1,431,696,000 after buying an additional 141,431 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position in shares of Mettler-Toledo International by 88.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 122,655 shares of the medical instruments supplier’s stock worth $163,290,000 after acquiring an additional 57,509 shares in the last quarter. TD Asset Management Inc increased its holdings in shares of Mettler-Toledo International by 53.1% in the 1st quarter. TD Asset Management Inc now owns 154,381 shares of the medical instruments supplier’s stock valued at $205,526,000 after acquiring an additional 53,561 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA increased its holdings in shares of Mettler-Toledo International by 32.5% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 142,944 shares of the medical instruments supplier’s stock valued at $199,777,000 after acquiring an additional 35,048 shares during the last quarter. 95.07% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Mettler-Toledo International

In related news, CFO Shawn Vadala sold 250 shares of the business’s stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of $1,401.00, for a total value of $350,250.00. Following the completion of the sale, the chief financial officer now owns 4,914 shares of the company’s stock, valued at approximately $6,884,514. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, CFO Shawn Vadala sold 250 shares of the firm’s stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of $1,401.00, for a total value of $350,250.00. Following the transaction, the chief financial officer now directly owns 4,914 shares of the company’s stock, valued at approximately $6,884,514. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Christian Magloth sold 1,000 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $1,422.97, for a total value of $1,422,970.00. Following the sale, the insider now directly owns 734 shares of the company’s stock, valued at $1,044,459.98. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.94% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on MTD shares. Wells Fargo & Company initiated coverage on shares of Mettler-Toledo International in a research report on Tuesday, August 27th. They issued an “equal weight” rating and a $1,400.00 price target on the stock. Stifel Nicolaus lifted their target price on Mettler-Toledo International from $1,510.00 to $1,550.00 and gave the company a “buy” rating in a research note on Monday, August 5th. The Goldman Sachs Group increased their price target on Mettler-Toledo International from $1,150.00 to $1,300.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 9th. StockNews.com upgraded Mettler-Toledo International from a “hold” rating to a “buy” rating in a research note on Thursday, July 11th. Finally, Evercore ISI raised their target price on Mettler-Toledo International from $1,375.00 to $1,450.00 and gave the company an “in-line” rating in a research note on Tuesday, October 1st. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $1,363.75.

Mettler-Toledo International Trading Down 0.6 %

MTD stock opened at $1,365.68 on Tuesday. Mettler-Toledo International Inc. has a one year low of $928.49 and a one year high of $1,546.93. The firm has a 50-day moving average of $1,424.36 and a two-hundred day moving average of $1,394.74. The firm has a market capitalization of $29.17 billion, a PE ratio of 38.30, a P/E/G ratio of 4.24 and a beta of 1.14.

Mettler-Toledo International (NYSE:MTD) last issued its earnings results on Thursday, August 1st. The medical instruments supplier reported $9.65 EPS for the quarter, topping the consensus estimate of $9.00 by $0.65. The business had revenue of $946.75 million during the quarter, compared to analysts’ expectations of $929.13 million. Mettler-Toledo International had a negative return on equity of 575.61% and a net margin of 20.95%. Mettler-Toledo International’s revenue was down 3.6% compared to the same quarter last year. During the same quarter last year, the firm posted $10.19 earnings per share. On average, equities research analysts anticipate that Mettler-Toledo International Inc. will post 40.35 earnings per share for the current year.

About Mettler-Toledo International

Mettler-Toledo International Inc manufactures and supplies precision instruments and services in the Americas, Europe, Asia, and internationally. It operates through five segments: U.S. Operations, Swiss Operations, Western European Operations, Chinese Operations, and Other. The company’s laboratory instruments include laboratory balances, liquid pipetting solutions, automated laboratory reactors, real-time analytics, titrators, pH meters, process analytics sensors and analyzer technologies, physical value analyzers, density and refractometry, thermal analysis systems, and other analytical instruments; and LabX, a laboratory software platform to manage and analyze data generated from its instruments.