Quest Partners LLC Has $147,000 Stake in Mettler-Toledo International Inc. (NYSE:MTD)

Quest Partners LLC increased its holdings in Mettler-Toledo International Inc. (NYSE:MTD) by 1,650.0% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 105 shares of the medical instruments supplier’s stock after purchasing an additional 99 shares during the period. Quest Partners LLC’s holdings in Mettler-Toledo International were worth $147,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. EverSource Wealth Advisors LLC increased its holdings in Mettler-Toledo International by 8.0% in 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 period. UMB Bank n.a. increased its position in shares of Mettler-Toledo International by 6.6% in the 2nd quarter. UMB Bank n.a. now owns 113 shares of the medical instruments supplier’s stock valued at $158,000 after buying an additional 7 shares in the last quarter. Gulf International Bank UK Ltd increased its holdings in shares of Mettler-Toledo International by 0.4% in the first quarter. Gulf International Bank UK Ltd now owns 1,813 shares of the medical instruments supplier’s stock worth $2,413,000 after acquiring an additional 8 shares in the last quarter. Bellevue Group AG raised its holdings in Mettler-Toledo International by 32.0% during the 1st quarter. Bellevue Group AG now owns 33 shares of the medical instruments supplier’s stock worth $44,000 after buying an additional 8 shares during the period. Finally, Massmutual Trust Co. FSB ADV raised its stake in shares of Mettler-Toledo International by 7.2% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 119 shares of the medical instruments supplier’s stock valued at $166,000 after purchasing an additional 8 shares during the period. Institutional investors and hedge funds own 95.07% of the company’s stock.

Mettler-Toledo International Price Performance

Shares of NYSE MTD opened at $1,393.91 on Tuesday. The stock has a market capitalization of $29.77 billion, a PE ratio of 39.09, a P/E/G ratio of 3.70 and a beta of 1.14. Mettler-Toledo International Inc. has a one year low of $928.49 and a one year high of $1,546.93. The business’s fifty day moving average price is $1,402.90 and its 200-day moving average price is $1,372.83.

Mettler-Toledo International (NYSE:MTD) last posted its earnings results on Thursday, August 1st. The medical instruments supplier reported $9.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $9.00 by $0.65. The business had revenue of $946.75 million for the quarter, compared to analysts’ expectations of $929.13 million. Mettler-Toledo International had a net margin of 20.95% and a negative return on equity of 575.61%. The business’s revenue for the quarter was down 3.6% compared to the same quarter last year. During the same period in the prior year, the company posted $10.19 EPS. As a group, equities analysts expect that Mettler-Toledo International Inc. will post 40.35 EPS for the current fiscal year.

Insider Activity at Mettler-Toledo International

In other news, CFO Shawn Vadala sold 250 shares of the company’s stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $1,401.00, for a total transaction of $350,250.00. Following the completion of the transaction, the chief financial officer now directly owns 4,914 shares of the company’s stock, valued at $6,884,514. The sale was disclosed in a legal filing with the SEC, which is accessible through 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 transaction, the chief financial officer now owns 4,914 shares in the company, valued at approximately $6,884,514. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Christian Magloth sold 1,000 shares of the company’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $1,422.97, for a total value of $1,422,970.00. Following the completion of the sale, the insider now directly owns 734 shares in the company, valued at $1,044,459.98. The disclosure for this sale can be found here. 1.94% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on MTD shares. JPMorgan Chase & Co. raised their price objective on Mettler-Toledo International from $1,300.00 to $1,400.00 and gave the company a “neutral” rating in a report on Monday, August 5th. Stifel Nicolaus increased their price target on shares of Mettler-Toledo International from $1,510.00 to $1,550.00 and gave the company a “buy” rating in a report on Monday, August 5th. Evercore ISI lifted their target price on Mettler-Toledo International from $1,375.00 to $1,390.00 and gave the stock an “in-line” rating in a report on Tuesday, July 2nd. StockNews.com upgraded Mettler-Toledo International from a “hold” rating to a “buy” rating in a research note on Thursday, July 11th. Finally, The Goldman Sachs Group upped their price objective on shares of Mettler-Toledo International from $1,150.00 to $1,300.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 9th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $1,356.25.

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.Its industrial instruments comprise industrial weighing instruments and related terminals, automatic dimensional measurement and data capture solutions, vehicle scale systems, industrial software, metal detection equipment, x-ray systems, check weighing equipment, camera-based imaging equipment, track-and-trace solutions, and product inspection systems.