Quantinno Capital Management LP Increases Holdings in Mettler-Toledo International Inc. (NYSE:MTD)

Quantinno Capital Management LP increased its stake in shares of Mettler-Toledo International Inc. (NYSE:MTD) by 17.8% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 5,524 shares of the medical instruments supplier’s stock after buying an additional 836 shares during the quarter. Quantinno Capital Management LP’s holdings in Mettler-Toledo International were worth $8,285,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in MTD. PineStone Asset Management Inc. increased its stake in Mettler-Toledo International by 127.4% during the second quarter. PineStone Asset Management Inc. now owns 259,629 shares of the medical instruments supplier’s stock worth $362,855,000 after acquiring an additional 145,453 shares during the last quarter. International Assets Investment Management LLC increased its stake in Mettler-Toledo International by 149,870.0% during the third quarter. International Assets Investment Management LLC now owns 89,982 shares of the medical instruments supplier’s stock worth $134,946,000 after acquiring an additional 89,922 shares during the last quarter. Massachusetts Financial Services Co. MA increased its stake in Mettler-Toledo International by 32.5% during the second quarter. Massachusetts Financial Services Co. MA now owns 142,944 shares of the medical instruments supplier’s stock worth $199,777,000 after acquiring an additional 35,048 shares during the last quarter. Thrivent Financial for Lutherans increased its stake in Mettler-Toledo International by 1,940.6% during the third quarter. Thrivent Financial for Lutherans now owns 18,406 shares of the medical instruments supplier’s stock worth $27,604,000 after acquiring an additional 17,504 shares during the last quarter. Finally, Applied Finance Capital Management LLC increased its stake in Mettler-Toledo International by 2,952.5% during the third quarter. Applied Finance Capital Management LLC now owns 15,629 shares of the medical instruments supplier’s stock worth $23,439,000 after acquiring an additional 15,117 shares during the last quarter. Institutional investors and hedge funds own 95.07% of the company’s stock.

Insiders Place Their Bets

In other Mettler-Toledo International news, Director Elisha W. Finney sold 76 shares of Mettler-Toledo International stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $1,311.75, for a total transaction 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Gerry Keller sold 140 shares of Mettler-Toledo International stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $1,254.09, for a total value of $175,572.60. Following the sale, the insider now directly owns 6 shares of the company’s stock, valued at $7,524.54. This trade represents a 95.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.94% of the stock is owned by company insiders.

Mettler-Toledo International Trading Down 1.2 %

NYSE:MTD opened at $1,247.90 on Friday. The firm has a market cap of $26.33 billion, a PE ratio of 33.65, a price-to-earnings-growth ratio of 4.15 and a beta of 1.13. The stock has a fifty day moving average price of $1,330.54 and a 200 day moving average price of $1,386.75. Mettler-Toledo International Inc. has a 12-month low of $1,086.88 and a 12-month high of $1,546.93.

Mettler-Toledo International (NYSE:MTD) last released its earnings results on Thursday, November 7th. The medical instruments supplier reported $10.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $10.00 by $0.21. The firm had revenue of $954.54 million during the quarter, compared to analyst estimates of $941.93 million. Mettler-Toledo International had a negative return on equity of 531.78% and a net margin of 21.15%. Equities analysts forecast that Mettler-Toledo International Inc. will post 40.42 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have issued reports on MTD. Evercore ISI raised their target price on 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. Robert W. Baird dropped their price objective on 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 objective on 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, Stifel Nicolaus dropped their price objective on 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. 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 company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $1,338.75.

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.