Versor Investments LP Takes Position in Mettler-Toledo International Inc. (NYSE:MTD)

Versor Investments LP purchased a new stake in Mettler-Toledo International Inc. (NYSE:MTD - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 1,170 shares of the medical instruments supplier's stock, valued at approximately $1,755,000.

A number of other large investors have also made changes to their positions in the company. Gateway Investment Advisers LLC bought a new stake in shares of Mettler-Toledo International in the second quarter worth about $685,000. Swedbank AB acquired a new stake in Mettler-Toledo International during the 1st quarter worth approximately $26,867,000. SG Americas Securities LLC lifted its stake in Mettler-Toledo International by 501.6% in the first quarter. SG Americas Securities LLC now owns 2,954 shares of the medical instruments supplier's stock valued at $3,933,000 after buying an additional 2,463 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in shares of Mettler-Toledo International by 14.0% in the third quarter. Allspring Global Investments Holdings LLC now owns 1,240 shares of the medical instruments supplier's stock valued at $1,860,000 after buying an additional 152 shares during the period. Finally, Linden Thomas Advisory Services LLC boosted its holdings in shares of Mettler-Toledo International by 212.2% in the second quarter. Linden Thomas Advisory Services LLC now owns 1,308 shares of the medical instruments supplier's stock valued at $1,828,000 after buying an additional 889 shares during the period. Institutional investors own 95.07% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. JPMorgan Chase & Co. boosted their price objective 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. Robert W. Baird cut 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 report on Monday. Evercore ISI lifted their target price on Mettler-Toledo International from $1,375.00 to $1,450.00 and gave the company an "in-line" rating in a research report on Tuesday, October 1st. Wells Fargo & Company reduced their price target on Mettler-Toledo International from $1,400.00 to $1,350.00 and set an "equal weight" rating for the company in a research report on Monday. Finally, Stifel Nicolaus lowered their price objective 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. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $1,338.75.

Mettler-Toledo International Stock Performance

MTD traded down $59.96 during trading on Monday, reaching $1,250.07. 295,697 shares of the stock were exchanged, compared to its average volume of 134,156. The stock has a market cap of $26.53 billion, a P/E ratio of 34.44, a price-to-earnings-growth ratio of 3.83 and a beta of 1.16. The stock's 50 day moving average price is $1,398.01 and its two-hundred day moving average price is $1,402.52. Mettler-Toledo International Inc. has a twelve month low of $1,015.29 and a twelve month high of $1,546.93.

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 earnings per share (EPS) for the quarter, beating the consensus estimate of $10.00 by $0.21. Mettler-Toledo International had a negative return on equity of 532.25% and a net margin of 21.15%. The firm had revenue of $954.54 million for the quarter, compared to analyst estimates of $941.93 million. Equities research analysts predict that Mettler-Toledo International Inc. will post 40.34 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Christian Magloth sold 1,000 shares of the firm's stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $1,422.97, for a total transaction of $1,422,970.00. Following the completion of the sale, the insider now owns 734 shares in the company, valued at approximately $1,044,459.98. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Company 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.