Ashton Thomas Securities LLC Makes New $37,000 Investment in Mettler-Toledo International Inc. (NYSE:MTD)

Ashton Thomas Securities LLC bought a new position in shares of Mettler-Toledo International Inc. (NYSE:MTD) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund bought 25 shares of the medical instruments supplier’s stock, valued at approximately $37,000.

Other large investors have also recently made changes to their positions in the company. Gateway Investment Advisers LLC acquired a new position in Mettler-Toledo International in the second quarter valued at $685,000. Swedbank AB purchased a new stake in shares of Mettler-Toledo International in the 1st quarter worth about $26,867,000. SG Americas Securities LLC raised its position in shares of Mettler-Toledo International by 52.9% during the 2nd quarter. SG Americas Securities LLC now owns 4,516 shares of the medical instruments supplier’s stock worth $6,312,000 after purchasing an additional 1,562 shares during the last quarter. Allspring Global Investments Holdings LLC raised its position in shares of Mettler-Toledo International by 14.0% in the third quarter. Allspring Global Investments Holdings LLC now owns 1,240 shares of the medical instruments supplier’s stock valued at $1,860,000 after buying an additional 152 shares during the last quarter. Finally, Linden Thomas Advisory Services LLC lifted its stake in shares of Mettler-Toledo International by 212.2% during the 2nd quarter. Linden Thomas Advisory Services LLC now owns 1,308 shares of the medical instruments supplier’s stock worth $1,828,000 after purchasing an additional 889 shares during the period. 95.07% of the stock is currently owned by hedge funds and other institutional investors.

Mettler-Toledo International Price Performance

NYSE:MTD opened at $1,258.66 on Thursday. The firm has a 50-day moving average of $1,391.49 and a two-hundred day moving average of $1,402.80. The stock has a market cap of $26.56 billion, a P/E ratio of 33.94, a PEG ratio of 4.16 and a beta of 1.16. Mettler-Toledo International Inc. has a 1-year low of $1,029.01 and a 1-year high of $1,546.93.

Mettler-Toledo International (NYSE:MTD) last issued its quarterly earnings results on Thursday, November 7th. The medical instruments supplier reported $10.21 EPS for the quarter, beating analysts’ consensus estimates of $10.00 by $0.21. Mettler-Toledo International had a negative return on equity of 531.78% and a net margin of 21.15%. The firm had revenue of $954.54 million during the quarter, compared to the consensus estimate of $941.93 million. As a group, equities analysts expect that Mettler-Toledo International Inc. will post 40.37 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms recently issued reports on MTD. Robert W. Baird decreased their target price on shares of Mettler-Toledo International from $1,375.00 to $1,310.00 and set a “neutral” rating on the stock in a research report on Monday. Evercore ISI lifted 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 report on Tuesday, October 1st. Stifel Nicolaus reduced their price objective on Mettler-Toledo International from $1,550.00 to $1,450.00 and set a “buy” rating on the stock in a research note on Monday. JPMorgan Chase & Co. increased their target price on shares of Mettler-Toledo International from $1,300.00 to $1,400.00 and gave the stock a “neutral” rating in a research report on Monday, August 5th. Finally, Wells Fargo & Company reduced their price target on shares of Mettler-Toledo International from $1,400.00 to $1,350.00 and set an “equal weight” rating on the stock in a research report on Monday. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $1,338.75.

Insider Transactions at Mettler-Toledo International

In other Mettler-Toledo International news, Director Elisha W. Finney sold 76 shares of the stock in a transaction on Monday, November 11th. The shares were sold at an average price of $1,311.75, for a total transaction of $99,693.00. Following the transaction, the director now directly owns 240 shares in the company, valued at $314,820. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 1.94% of the company’s stock.

Mettler-Toledo International Company Profile

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.