Caxton Associates LP Boosts Stake in Mettler-Toledo International Inc. (NYSE:MTD)

Caxton Associates LP raised its holdings in shares of Mettler-Toledo International Inc. (NYSE:MTDGet Rating) by 221.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 769 shares of the medical instruments supplier’s stock after buying an additional 530 shares during the quarter. Caxton Associates LP’s holdings in Mettler-Toledo International were worth $883,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in MTD. Commonwealth Equity Services LLC lifted its stake in Mettler-Toledo International by 33.9% during the first quarter. Commonwealth Equity Services LLC now owns 723 shares of the medical instruments supplier’s stock worth $992,000 after purchasing an additional 183 shares during the last quarter. Lincoln National Corp lifted its stake in Mettler-Toledo International by 15.7% during the first quarter. Lincoln National Corp now owns 295 shares of the medical instruments supplier’s stock worth $405,000 after purchasing an additional 40 shares during the last quarter. Treasurer of the State of North Carolina lifted its stake in Mettler-Toledo International by 1.5% during the first quarter. Treasurer of the State of North Carolina now owns 8,662 shares of the medical instruments supplier’s stock worth $11,895,000 after purchasing an additional 128 shares during the last quarter. Oak Thistle LLC bought a new stake in Mettler-Toledo International during the first quarter worth about $608,000. Finally, B. Metzler seel. Sohn & Co. AG lifted its stake in Mettler-Toledo International by 10.7% during the first quarter. B. Metzler seel. Sohn & Co. AG now owns 1,581 shares of the medical instruments supplier’s stock worth $2,171,000 after purchasing an additional 153 shares during the last quarter. Institutional investors own 93.00% of the company’s stock.

Insider Buying and Selling at Mettler-Toledo International

In other Mettler-Toledo International news, Director Olivier A. Filliol sold 6,448 shares of the company’s stock in a transaction that occurred on Thursday, December 1st. The stock was sold at an average price of $1,491.20, for a total transaction of $9,615,257.60. Following the completion of the transaction, the director now owns 71 shares of the company’s stock, valued at approximately $105,875.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Mettler-Toledo International news, Director Olivier A. Filliol sold 6,448 shares of the company’s stock in a transaction that occurred on Thursday, December 1st. The stock was sold at an average price of $1,491.20, for a total transaction of $9,615,257.60. Following the transaction, the director now owns 71 shares in the company, valued at approximately $105,875.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Elisha W. Finney sold 225 shares of the company’s stock in a transaction that occurred on Monday, November 14th. The stock was sold at an average price of $1,484.34, for a total value of $333,976.50. Following the transaction, the director now owns 267 shares in the company, valued at approximately $396,318.78. The disclosure for this sale can be found here. Insiders sold 37,073 shares of company stock valued at $52,372,537 in the last 90 days. Insiders own 2.80% of the company’s stock.

Mettler-Toledo International Trading Up 1.4 %

MTD opened at $1,482.73 on Friday. The business has a 50 day simple moving average of $1,303.27 and a two-hundred day simple moving average of $1,256.91. The firm has a market capitalization of $33.05 billion, a price-to-earnings ratio of 40.58, a PEG ratio of 3.08 and a beta of 1.21. The company has a debt-to-equity ratio of 250.82, a current ratio of 1.13 and a quick ratio of 0.74. Mettler-Toledo International Inc. has a one year low of $1,065.55 and a one year high of $1,714.75.

Mettler-Toledo International (NYSE:MTDGet Rating) last released its quarterly earnings results on Thursday, November 3rd. The medical instruments supplier reported $10.18 EPS for the quarter, beating analysts’ consensus estimates of $9.83 by $0.35. The business had revenue of $985.80 million during the quarter, compared to analyst estimates of $973.68 million. Mettler-Toledo International had a return on equity of 1,929.28% and a net margin of 21.48%. Mettler-Toledo International’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $8.72 EPS. Analysts predict that Mettler-Toledo International Inc. will post 39.03 EPS for the current year.

Analyst Upgrades and Downgrades

MTD has been the subject of several research analyst reports. Robert W. Baird dropped their price target on Mettler-Toledo International from $1,406.00 to $1,284.00 in a research note on Friday, November 4th. Stifel Nicolaus raised Mettler-Toledo International from a “hold” rating to a “buy” rating and set a $1,500.00 target price for the company in a research note on Tuesday, September 6th. StockNews.com assumed coverage on Mettler-Toledo International in a research note on Wednesday, October 12th. They issued a “buy” rating for the company. Finally, The Goldman Sachs Group raised Mettler-Toledo International from a “sell” rating to a “neutral” rating and boosted their target price for the company from $1,120.00 to $1,355.00 in a research note on Tuesday, November 8th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Mettler-Toledo International currently has an average rating of “Moderate Buy” and an average price target of $1,357.20.

Mettler-Toledo International Profile

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Mettler-Toledo International Inc engages in the manufacture and supply of precision instruments and services worldwide. It operates in 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, titrators, pH meters, process analytics sensors and analyzer technologies, physical value analyzers, thermal analysis systems, and other analytical instruments; and LabX, a laboratory software platform to manage and analyze data generated from its instruments.

See Also

Institutional Ownership by Quarter for Mettler-Toledo International (NYSE:MTD)

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