Edgestream Partners L.P. Raises Holdings in Mettler-Toledo International Inc. (NYSE:MTD)

Edgestream Partners L.P. lifted its holdings in shares of Mettler-Toledo International Inc. (NYSE:MTD - Free Report) by 1,270.6% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 3,262 shares of the medical instruments supplier's stock after acquiring an additional 3,024 shares during the period. Edgestream Partners L.P.'s holdings in Mettler-Toledo International were worth $4,892,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of MTD. Gateway Investment Advisers LLC purchased a new stake in Mettler-Toledo International during the 2nd quarter worth approximately $685,000. SG Americas Securities LLC grew its holdings in shares of Mettler-Toledo International by 52.9% during the second quarter. SG Americas Securities LLC now owns 4,516 shares of the medical instruments supplier's stock valued at $6,312,000 after buying an additional 1,562 shares during the last quarter. Allspring Global Investments Holdings LLC increased its position in shares of Mettler-Toledo International by 14.0% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,240 shares of the medical instruments supplier's stock valued at $1,860,000 after acquiring an additional 152 shares during the period. Linden Thomas Advisory Services LLC raised its stake in Mettler-Toledo International by 212.2% in the 2nd quarter. Linden Thomas Advisory Services LLC now owns 1,308 shares of the medical instruments supplier's stock worth $1,828,000 after acquiring an additional 889 shares during the last quarter. Finally, Federated Hermes Inc. lifted its position in Mettler-Toledo International by 10.3% during the 2nd quarter. Federated Hermes Inc. now owns 7,667 shares of the medical instruments supplier's stock worth $10,715,000 after acquiring an additional 717 shares during the period. Institutional investors and hedge funds own 95.07% of the company's stock.

Insider Transactions at Mettler-Toledo International

In other Mettler-Toledo International news, Director Elisha W. Finney sold 76 shares of the stock in a transaction on Monday, November 11th. The shares were sold at an average price of $1,311.75, for a total transaction of $99,693.00. Following the transaction, the director now directly owns 240 shares of the company's stock, valued at $314,820. This trade represents a 24.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.94% of the company's stock.

Mettler-Toledo International Trading Up 0.6 %

MTD traded up $7.80 on Friday, reaching $1,251.20. The stock had a trading volume of 74,430 shares, compared to its average volume of 181,300. The business's 50-day moving average price is $1,345.17 and its two-hundred day moving average price is $1,392.37. The company has a market cap of $26.40 billion, a P/E ratio of 33.73, a price-to-earnings-growth ratio of 4.13 and a beta of 1.16. Mettler-Toledo International Inc. has a 12-month low of $1,068.33 and a 12-month high of $1,546.93.

Mettler-Toledo International (NYSE:MTD - Get Free Report) last announced its quarterly earnings results on Thursday, November 7th. The medical instruments supplier reported $10.21 earnings per share 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 negative return on equity of 531.78% and a net margin of 21.15%. As a group, analysts predict that Mettler-Toledo International Inc. will post 40.42 earnings per share for the current year.

Analyst Upgrades and Downgrades

MTD has been the topic of a number of research reports. Evercore ISI increased their price objective on Mettler-Toledo International from $1,375.00 to $1,450.00 and gave the company an "in-line" rating in a report on Tuesday, October 1st. Stifel Nicolaus cut their price target on shares of Mettler-Toledo International from $1,550.00 to $1,450.00 and set a "buy" rating on the stock in a report on Monday, November 11th. Wells Fargo & Company decreased their price objective 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. Robert W. Baird cut their price objective on shares of 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. Finally, JPMorgan Chase & Co. boosted their target price on shares of Mettler-Toledo International from $1,300.00 to $1,400.00 and gave the company a "neutral" rating in a research report on Monday, August 5th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target 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.