Verition Fund Management LLC Has $492,000 Stock Holdings in Mettler-Toledo International Inc. (NYSE:MTD)

Verition Fund Management LLC trimmed its holdings in shares of Mettler-Toledo International Inc. (NYSE:MTD - Free Report) by 54.7% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 328 shares of the medical instruments supplier's stock after selling 396 shares during the quarter. Verition Fund Management LLC's holdings in Mettler-Toledo International were worth $492,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of MTD. Family Firm Inc. bought a new position in shares of Mettler-Toledo International during the second quarter worth about $25,000. Blue Trust Inc. boosted its position in Mettler-Toledo International by 242.9% during the 3rd quarter. Blue Trust Inc. now owns 24 shares of the medical instruments supplier's stock worth $34,000 after acquiring an additional 17 shares during the last quarter. Ashton Thomas Securities LLC bought a new position in shares of Mettler-Toledo International during the 3rd quarter worth approximately $37,000. Rothschild Investment LLC acquired a new stake in shares of Mettler-Toledo International in the second quarter valued at approximately $42,000. Finally, Itau Unibanco Holding S.A. acquired a new stake in shares of Mettler-Toledo International in the second quarter valued at approximately $42,000. 95.07% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Mettler-Toledo International

In other Mettler-Toledo International news, insider Gerry Keller sold 140 shares of the company's 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 transaction, the insider now directly owns 6 shares of the company's stock, valued at $7,524.54. This represents a 95.89 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Elisha W. Finney sold 76 shares of Mettler-Toledo International stock in a transaction 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 sale, the director now directly owns 240 shares of the company's stock, valued at $314,820. This represents a 24.05 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.94% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on MTD. Citigroup upgraded shares of Mettler-Toledo International from a "sell" rating to a "neutral" rating and lifted their price target for the company from $1,200.00 to $1,300.00 in a research note on Wednesday. Robert W. Baird lowered their target price 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. Stifel Nicolaus reduced their price target on 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. Evercore ISI boosted 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 report on Tuesday, October 1st. Finally, Wells Fargo & Company cut their price objective on Mettler-Toledo International from $1,400.00 to $1,350.00 and set an "equal weight" rating for the company in a report on Monday, November 11th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $1,351.25.

Mettler-Toledo International Stock Up 0.5 %

Shares of NYSE MTD traded up $6.29 during midday trading on Thursday, hitting $1,276.92. 79,231 shares of the company's stock were exchanged, compared to its average volume of 135,575. Mettler-Toledo International Inc. has a 12 month low of $1,115.44 and a 12 month high of $1,546.93. The company's 50 day moving average price is $1,313.09 and its 200 day moving average price is $1,379.52. The firm has a market capitalization of $26.95 billion, a PE ratio of 34.28, a price-to-earnings-growth ratio of 4.15 and a beta of 1.13.

Mettler-Toledo International (NYSE:MTD - Get Free Report) last released its quarterly earnings data on Thursday, November 7th. The medical instruments supplier reported $10.21 EPS for the quarter, beating the consensus estimate of $10.00 by $0.21. The firm had revenue of $954.54 million for the quarter, compared to the consensus estimate of $941.93 million. Mettler-Toledo International had a net margin of 21.15% and a negative return on equity of 531.78%. On average, equities research analysts anticipate that Mettler-Toledo International Inc. will post 40.42 EPS for the current year.

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.