Quantinno Capital Management LP Purchases 836 Shares of Mettler-Toledo International Inc. (NYSE:MTD)

Quantinno Capital Management LP boosted its holdings in shares of Mettler-Toledo International Inc. (NYSE:MTD - Free Report) by 17.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,524 shares of the medical instruments supplier's stock after purchasing an additional 836 shares during the quarter. Quantinno Capital Management LP's holdings in Mettler-Toledo International were worth $8,285,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of MTD. Cetera Advisors LLC lifted its holdings in shares of Mettler-Toledo International by 8.0% in the 1st quarter. Cetera Advisors LLC now owns 459 shares of the medical instruments supplier's stock valued at $611,000 after acquiring an additional 34 shares during the last quarter. Mather Group LLC. lifted its stake in shares of Mettler-Toledo International by 69.2% in the 2nd quarter. Mather Group LLC. now owns 44 shares of the medical instruments supplier's stock valued at $59,000 after purchasing an additional 18 shares during the last quarter. CWM LLC boosted its holdings in shares of Mettler-Toledo International by 7.4% in the 2nd quarter. CWM LLC now owns 625 shares of the medical instruments supplier's stock worth $873,000 after purchasing an additional 43 shares during the period. Simplicity Wealth LLC increased its position in shares of Mettler-Toledo International by 10.8% during the 2nd quarter. Simplicity Wealth LLC now owns 911 shares of the medical instruments supplier's stock valued at $1,273,000 after purchasing an additional 89 shares during the last quarter. Finally, Sax Wealth Advisors LLC purchased a new stake in Mettler-Toledo International during the 2nd quarter valued at $419,000. Institutional investors own 95.07% of the company's stock.

Mettler-Toledo International Stock Performance

Mettler-Toledo International stock traded up $9.63 during trading hours on Friday, hitting $1,257.54. The company had a trading volume of 108,515 shares, compared to its average volume of 136,061. The firm has a market cap of $26.54 billion, a P/E ratio of 33.90, a P/E/G ratio of 4.15 and a beta of 1.13. The company has a 50-day moving average price of $1,330.54 and a two-hundred day moving average price of $1,386.75. Mettler-Toledo International Inc. has a 1 year low of $1,086.88 and a 1 year high of $1,546.93.

Mettler-Toledo International (NYSE:MTD - Get Free Report) last announced its quarterly earnings data on Thursday, November 7th. The medical instruments supplier reported $10.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $10.00 by $0.21. The company had revenue of $954.54 million for the quarter, compared to analysts' expectations 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, equities research analysts anticipate that Mettler-Toledo International Inc. will post 40.42 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts have commented on MTD shares. Wells Fargo & Company dropped 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 dropped their price target on shares of 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. Evercore ISI upped their price target on shares of 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. Finally, Stifel Nicolaus decreased their price objective 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 note on Monday, November 11th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $1,338.75.

Insider Transactions at Mettler-Toledo International

In other news, insider Gerry Keller sold 140 shares of the stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $1,254.09, for a total transaction of $175,572.60. Following the transaction, the insider now directly owns 6 shares in the company, valued at approximately $7,524.54. This trade represents a 95.89 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Elisha W. Finney sold 76 shares of the business'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 transaction of $99,693.00. Following the completion of 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 position. The disclosure for this sale can be found here. Corporate insiders own 1.94% of the company's stock.

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.