Mettler-Toledo International Inc. (NYSE:MTD) Shares Purchased by Vinva Investment Management Ltd

Vinva Investment Management Ltd boosted its stake in Mettler-Toledo International Inc. (NYSE:MTD) by 74.2% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 2,364 shares of the medical instruments supplier’s stock after purchasing an additional 1,007 shares during the period. Vinva Investment Management Ltd’s holdings in Mettler-Toledo International were worth $3,496,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Family Firm Inc. acquired a new stake in Mettler-Toledo International in the 2nd quarter valued at approximately $25,000. Blue Trust Inc. grew its stake in shares of Mettler-Toledo International by 242.9% in the third quarter. Blue Trust Inc. now owns 24 shares of the medical instruments supplier’s stock worth $34,000 after acquiring an additional 17 shares in the last quarter. Ashton Thomas Securities LLC acquired a new position in shares of Mettler-Toledo International in the third quarter worth $37,000. Rothschild Investment LLC acquired a new position in shares of Mettler-Toledo International in the second quarter worth $42,000. Finally, Itau Unibanco Holding S.A. acquired a new position in shares of Mettler-Toledo International in the second quarter worth $42,000. Institutional investors and hedge funds own 95.07% of the company’s stock.

Insider Activity at Mettler-Toledo International

In related news, Director Elisha W. Finney sold 76 shares of the business’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 completion of the sale, the director now directly owns 240 shares of the company’s stock, valued at $314,820. The trade was a 24.05 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.94% of the stock is owned by corporate insiders.

Analyst Ratings Changes

MTD has been the subject of several research reports. Stifel Nicolaus dropped their price target on shares of Mettler-Toledo International from $1,550.00 to $1,450.00 and set a “buy” rating for the company in a research note on Monday, November 11th. JPMorgan Chase & Co. boosted their price target on shares of Mettler-Toledo International from $1,300.00 to $1,400.00 and gave the stock a “neutral” rating in a research note on Monday, August 5th. Robert W. Baird dropped their price target on shares of Mettler-Toledo International from $1,375.00 to $1,310.00 and set a “neutral” rating for the company in a research note on Monday, November 11th. Wells Fargo & Company dropped their price target on shares of Mettler-Toledo International from $1,400.00 to $1,350.00 and set an “equal weight” rating for the company in a research note on Monday, November 11th. Finally, Evercore ISI boosted their price target on shares of Mettler-Toledo International from $1,375.00 to $1,450.00 and gave the stock an “in-line” rating in a research note on Tuesday, October 1st. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the stock. According to MarketBeat, Mettler-Toledo International presently has an average rating of “Hold” and a consensus target price of $1,338.75.

Mettler-Toledo International Trading Up 0.9 %

Mettler-Toledo International stock opened at $1,243.40 on Friday. The stock has a market cap of $26.24 billion, a P/E ratio of 33.52, a price-to-earnings-growth ratio of 4.10 and a beta of 1.16. The company has a fifty day simple moving average of $1,348.27 and a 200-day simple moving average of $1,395.43. Mettler-Toledo International Inc. has a 12-month low of $1,059.08 and a 12-month high of $1,546.93.

Mettler-Toledo International (NYSE:MTD) last announced its quarterly earnings results on Thursday, November 7th. The medical instruments supplier reported $10.21 earnings per share for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $954.54 million during the quarter, compared to analysts’ expectations of $941.93 million. As a group, sell-side analysts forecast that Mettler-Toledo International Inc. will post 40.39 earnings per share for the current fiscal year.

Mettler-Toledo International 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.