Mettler-Toledo International Inc. (NYSE:MTD) Position Boosted by Versant Capital Management Inc

Versant Capital Management Inc raised its holdings in shares of Mettler-Toledo International Inc. (NYSE:MTD) by 97.7% during the 4th quarter, Holdings Channel reports. The fund owned 85 shares of the medical instruments supplier’s stock after purchasing an additional 42 shares during the period. Versant Capital Management Inc’s holdings in Mettler-Toledo International were worth $104,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in the business. Blue Trust Inc. increased its holdings in shares of Mettler-Toledo International by 242.9% during the third quarter. Blue Trust Inc. now owns 24 shares of the medical instruments supplier’s stock valued at $34,000 after purchasing an additional 17 shares during the period. Ashton Thomas Securities LLC bought a new position in Mettler-Toledo International in the 3rd quarter valued at about $37,000. Itau Unibanco Holding S.A. acquired a new position in Mettler-Toledo International during the 2nd quarter valued at about $42,000. Raleigh Capital Management Inc. raised its position in shares of Mettler-Toledo International by 272.7% during the 3rd quarter. Raleigh Capital Management Inc. now owns 41 shares of the medical instruments supplier’s stock worth $61,000 after buying an additional 30 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. lifted its stake in shares of Mettler-Toledo International by 60.0% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 48 shares of the medical instruments supplier’s stock worth $72,000 after acquiring an additional 18 shares during the period. Institutional investors and hedge funds own 95.07% of the company’s stock.

Insiders Place Their Bets

In other news, insider Gerry Keller sold 140 shares of Mettler-Toledo International stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $1,254.09, for a total transaction of $175,572.60. Following the transaction, the insider now owns 6 shares in the company, valued at approximately $7,524.54. The trade was a 95.89 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Elisha W. Finney sold 76 shares of the company’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $1,311.75, for a total value of $99,693.00. Following the transaction, the director now directly owns 240 shares in the company, valued at $314,820. The trade was a 24.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.94% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Wells Fargo & Company dropped their target price on Mettler-Toledo International from $1,400.00 to $1,350.00 and set an “equal weight” rating on the stock in a report on Monday, November 11th. Robert W. Baird dropped their price objective on Mettler-Toledo International from $1,375.00 to $1,310.00 and set a “neutral” rating on the stock in a research note on Monday, November 11th. Wolfe Research began coverage on Mettler-Toledo International in a research note on Friday, December 13th. They set a “peer perform” rating for the company. Citigroup raised Mettler-Toledo International from a “sell” rating to a “neutral” rating and lifted their target price for the stock from $1,200.00 to $1,300.00 in a report on Wednesday, December 11th. Finally, Evercore ISI raised shares of Mettler-Toledo International from an “in-line” rating to an “outperform” rating and upped their price target for the company from $1,375.00 to $1,450.00 in a report on Thursday. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $1,351.25.

Mettler-Toledo International Stock Up 1.4 %

Shares of NYSE MTD opened at $1,238.28 on Friday. The business has a fifty day simple moving average of $1,256.98 and a 200-day simple moving average of $1,356.20. The company has a market cap of $26.13 billion, a price-to-earnings ratio of 33.39, a P/E/G ratio of 4.21 and a beta of 1.13. Mettler-Toledo International Inc. has a 12 month low of $1,115.64 and a 12 month high of $1,546.93.

Mettler-Toledo International (NYSE:MTD) last announced its earnings results on Thursday, November 7th. The medical instruments supplier reported $10.21 EPS for the quarter, topping the consensus estimate of $10.00 by $0.21. Mettler-Toledo International had a net margin of 21.15% and a negative return on equity of 531.78%. The company had revenue of $954.54 million during the quarter, compared to analysts’ expectations of $941.93 million. As a group, sell-side analysts expect that Mettler-Toledo International Inc. will post 40.42 EPS for the current fiscal 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.