Mettler-Toledo International Inc. (NYSE:MTD) Shares Acquired by First Trust Direct Indexing L.P.

First Trust Direct Indexing L.P. boosted its holdings in shares of Mettler-Toledo International Inc. (NYSE:MTD - Free Report) by 35.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,024 shares of the medical instruments supplier's stock after acquiring an additional 532 shares during the period. First Trust Direct Indexing L.P.'s holdings in Mettler-Toledo International were worth $3,036,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Family Firm Inc. acquired a new position in shares of Mettler-Toledo International during the 2nd quarter valued at about $25,000. Blue Trust Inc. grew its stake in shares of Mettler-Toledo International by 242.9% in the 3rd quarter. Blue Trust Inc. now owns 24 shares of the medical instruments supplier's stock valued at $34,000 after buying an additional 17 shares during the period. Rothschild Investment LLC acquired a new stake in shares of Mettler-Toledo International during the 2nd quarter worth approximately $42,000. Itau Unibanco Holding S.A. purchased a new stake in shares of Mettler-Toledo International during the 2nd quarter valued at approximately $42,000. Finally, Crewe Advisors LLC lifted its holdings in Mettler-Toledo International by 244.4% in the second quarter. Crewe Advisors LLC now owns 31 shares of the medical instruments supplier's stock valued at $43,000 after acquiring an additional 22 shares during the last quarter. Institutional investors and hedge funds own 95.07% of the company's stock.

Mettler-Toledo International Stock Performance

MTD stock traded up $4.95 during mid-day trading on Wednesday, reaching $1,302.12. The company had a trading volume of 81,585 shares, compared to its average volume of 132,408. The firm has a fifty day simple moving average of $1,410.54 and a 200 day simple moving average of $1,394.94. The company has a market capitalization of $27.63 billion, a price-to-earnings ratio of 35.70, a price-to-earnings-growth ratio of 3.78 and a beta of 1.14. Mettler-Toledo International Inc. has a fifty-two week low of $953.28 and a fifty-two week high of $1,546.93.

Mettler-Toledo International (NYSE:MTD - Get Free Report) last issued its earnings results on Thursday, August 1st. The medical instruments supplier reported $9.65 earnings per share for the quarter, topping the consensus estimate of $9.00 by $0.65. Mettler-Toledo International had a negative return on equity of 575.61% and a net margin of 20.95%. The business had revenue of $946.75 million for the quarter, compared to analyst estimates of $929.13 million. During the same quarter last year, the company earned $10.19 EPS. The business's quarterly revenue was down 3.6% on a year-over-year basis. As a group, analysts predict that Mettler-Toledo International Inc. will post 40.34 earnings per share for the current year.

Insider Transactions at Mettler-Toledo International

In other Mettler-Toledo International news, insider Christian Magloth sold 1,000 shares of Mettler-Toledo International stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $1,422.97, for a total transaction of $1,422,970.00. Following the transaction, the insider now owns 734 shares of the company's stock, valued at $1,044,459.98. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other Mettler-Toledo International news, CFO Shawn Vadala sold 250 shares of the company's stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of $1,401.00, for a total transaction of $350,250.00. Following the completion of the sale, the chief financial officer now directly owns 4,914 shares of the company's stock, valued at $6,884,514. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Christian Magloth sold 1,000 shares of Mettler-Toledo International stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $1,422.97, for a total value of $1,422,970.00. Following the completion of the transaction, the insider now owns 734 shares in the company, valued at $1,044,459.98. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.94% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have commented on MTD. Stifel Nicolaus lifted their target price on Mettler-Toledo International from $1,510.00 to $1,550.00 and gave the company a "buy" rating in a research report on Monday, August 5th. StockNews.com raised shares of Mettler-Toledo International from a "hold" rating to a "buy" rating in a research report on Thursday, July 11th. Wells Fargo & Company initiated coverage on Mettler-Toledo International in a research report on Tuesday, August 27th. They issued an "equal weight" rating and a $1,400.00 target price on the stock. Evercore ISI upped their price target 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. Finally, JPMorgan Chase & Co. lifted their price objective on Mettler-Toledo International from $1,300.00 to $1,400.00 and gave the company a "neutral" rating in a research note on Monday, August 5th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $1,363.75.

About Mettler-Toledo International

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.