Simon Quick Advisors LLC Buys New Holdings in Mettler-Toledo International Inc. (NYSE:MTD)

Simon Quick Advisors LLC purchased a new position in Mettler-Toledo International Inc. (NYSE:MTD) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 168 shares of the medical instruments supplier’s stock, valued at approximately $206,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Benjamin F. Edwards & Company Inc. raised its holdings in Mettler-Toledo International by 12.9% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 131 shares of the medical instruments supplier’s stock valued at $183,000 after buying an additional 15 shares during the last quarter. ProShare Advisors LLC increased its position in shares of Mettler-Toledo International by 6.6% in the second quarter. ProShare Advisors LLC now owns 3,098 shares of the medical instruments supplier’s stock valued at $4,330,000 after acquiring an additional 193 shares during the period. Public Sector Pension Investment Board raised its stake in shares of Mettler-Toledo International by 65.0% during the second quarter. Public Sector Pension Investment Board now owns 815 shares of the medical instruments supplier’s stock valued at $1,139,000 after acquiring an additional 321 shares during the last quarter. Evergreen Capital Management LLC boosted its holdings in shares of Mettler-Toledo International by 18.5% during the second quarter. Evergreen Capital Management LLC now owns 275 shares of the medical instruments supplier’s stock worth $384,000 after purchasing an additional 43 shares during the period. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its stake in shares of Mettler-Toledo International by 58.1% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 4,096 shares of the medical instruments supplier’s stock worth $5,725,000 after purchasing an additional 1,506 shares during the last quarter. Institutional investors own 95.07% of the company’s stock.

Mettler-Toledo International Price Performance

Shares of NYSE MTD opened at $1,330.84 on Friday. Mettler-Toledo International Inc. has a 1 year low of $1,133.46 and a 1 year high of $1,546.93. The firm has a 50-day moving average of $1,246.97 and a 200 day moving average of $1,343.24. The stock has a market cap of $28.08 billion, a P/E ratio of 35.88, a price-to-earnings-growth ratio of 4.19 and a beta of 1.12.

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 the consensus estimate 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 net margin of 21.15% and a negative return on equity of 531.78%. Research analysts expect that Mettler-Toledo International Inc. will post 40.42 earnings per share for the current fiscal year.

Insider Transactions at Mettler-Toledo International

In related news, Director Elisha W. Finney sold 76 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The stock was 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 of the company’s stock, valued at approximately $314,820. This represents a 24.05 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, 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 value of $175,572.60. Following the completion of the sale, the insider now directly owns 6 shares of the company’s stock, valued at approximately $7,524.54. The trade was a 95.89 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.94% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Wolfe Research assumed coverage on Mettler-Toledo International in a report on Friday, December 13th. They issued a “peer perform” rating for the company. Wells Fargo & Company dropped their price target 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. Citigroup raised shares of Mettler-Toledo International from a “sell” rating to a “neutral” rating and boosted their price objective for the company from $1,200.00 to $1,300.00 in a research report on Wednesday, December 11th. Stifel Nicolaus dropped their target price 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 report on Monday, November 11th. Finally, Evercore ISI upgraded shares of Mettler-Toledo International from an “in-line” rating to an “outperform” rating and boosted their price target for the company from $1,375.00 to $1,450.00 in a research report on Thursday, January 2nd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, Mettler-Toledo International presently has a consensus rating of “Hold” and an average target price of $1,351.25.

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.