Vinva Investment Management Ltd Purchases 1,007 Shares of Mettler-Toledo International Inc. (NYSE:MTD)

Vinva Investment Management Ltd boosted its holdings in Mettler-Toledo International Inc. (NYSE:MTD - Free Report) by 74.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. 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 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. B. Riley Wealth Advisors Inc. purchased a new position in shares of Mettler-Toledo International during the 1st quarter valued at $317,000. Swedbank AB purchased a new position in shares of Mettler-Toledo International during the 1st quarter valued at $26,867,000. Atria Investments Inc lifted its position in shares of Mettler-Toledo International by 0.5% during the 1st quarter. Atria Investments Inc now owns 2,974 shares of the medical instruments supplier's stock valued at $3,959,000 after buying an additional 15 shares during the last quarter. Cetera Advisors LLC lifted its position in shares of Mettler-Toledo International by 8.0% during the 1st quarter. Cetera Advisors LLC now owns 459 shares of the medical instruments supplier's stock valued at $611,000 after buying an additional 34 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its position in shares of Mettler-Toledo International by 8.0% during the 1st quarter. EverSource Wealth Advisors LLC now owns 95 shares of the medical instruments supplier's stock valued at $117,000 after buying an additional 7 shares during the last quarter. Hedge funds and other institutional investors own 95.07% of the company's stock.

Mettler-Toledo International Price Performance

NYSE MTD traded up $7.45 during trading on Friday, reaching $1,250.85. The company's stock had a trading volume of 74,429 shares, compared to its average volume of 136,894. The stock has a market capitalization of $26.39 billion, a PE ratio of 33.72, a P/E/G ratio of 4.10 and a beta of 1.16. The firm has a fifty day moving average of $1,345.17 and a 200 day moving average of $1,393.97. Mettler-Toledo International Inc. has a one year low of $1,068.33 and a one year high of $1,546.93.

Mettler-Toledo International (NYSE:MTD - Get Free Report) last announced its earnings results on Thursday, November 7th. The medical instruments supplier reported $10.21 earnings per share for the quarter, topping analysts' consensus estimates of $10.00 by $0.21. The business had revenue of $954.54 million for 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%. Research analysts expect that Mettler-Toledo International Inc. will post 40.39 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Robert W. Baird dropped their price target on Mettler-Toledo International from $1,375.00 to $1,310.00 and set a "neutral" rating on the stock in a research report 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 on the stock in a report on Monday, November 11th. Stifel Nicolaus dropped their price objective on 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. Evercore ISI increased their price objective on Mettler-Toledo International from $1,375.00 to $1,450.00 and gave the stock an "in-line" rating in a report on Tuesday, October 1st. Finally, JPMorgan Chase & Co. increased their price objective on Mettler-Toledo International from $1,300.00 to $1,400.00 and gave the stock a "neutral" rating in a report on Monday, August 5th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of $1,338.75.

Insider Activity

In other news, Director Elisha W. Finney sold 76 shares of the 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 transaction, the director now directly owns 240 shares in the company, valued at approximately $314,820. This represents a 24.05 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.94% of the company's stock.

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.