Versant Capital Management Inc Grows Position in Mettler-Toledo International Inc. (NYSE:MTD)

Versant Capital Management Inc raised its stake in Mettler-Toledo International Inc. (NYSE:MTD) by 97.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 85 shares of the medical instruments supplier’s stock after acquiring an additional 42 shares during the quarter. Versant Capital Management Inc’s holdings in Mettler-Toledo International were worth $104,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. DT Investment Partners LLC lifted its holdings in Mettler-Toledo International by 13.3% in the 3rd quarter. DT Investment Partners LLC now owns 68 shares of the medical instruments supplier’s stock valued at $102,000 after purchasing an additional 8 shares in the last quarter. UMB Bank n.a. raised its position in shares of Mettler-Toledo International by 8.0% in the third quarter. UMB Bank n.a. now owns 122 shares of the medical instruments supplier’s stock valued at $183,000 after buying an additional 9 shares during the last quarter. Suncoast Equity Management lifted its stake in shares of Mettler-Toledo International by 2.0% during the third quarter. Suncoast Equity Management now owns 460 shares of the medical instruments supplier’s stock valued at $690,000 after buying an additional 9 shares during the period. Bleakley Financial Group LLC boosted its position in Mettler-Toledo International by 1.2% during the third quarter. Bleakley Financial Group LLC now owns 757 shares of the medical instruments supplier’s stock worth $1,135,000 after acquiring an additional 9 shares during the last quarter. Finally, Huntington National Bank grew its stake in Mettler-Toledo International by 20.0% in the 3rd quarter. Huntington National Bank now owns 54 shares of the medical instruments supplier’s stock worth $81,000 after acquiring an additional 9 shares during the period. 95.07% of the stock is currently owned by hedge funds and other institutional investors.

Mettler-Toledo International Stock Up 1.4 %

MTD opened at $1,238.28 on Friday. The company has a 50 day moving average of $1,256.98 and a two-hundred day moving average of $1,356.20. Mettler-Toledo International Inc. has a 52-week low of $1,115.64 and a 52-week high of $1,546.93. The company has a market cap of $26.13 billion, a P/E ratio of 33.39, a P/E/G ratio of 4.21 and a beta of 1.13.

Mettler-Toledo International (NYSE:MTD) last issued its quarterly earnings data on Thursday, November 7th. The medical instruments supplier reported $10.21 EPS for the quarter, topping analysts’ consensus estimates of $10.00 by $0.21. Mettler-Toledo International had a negative return on equity of 531.78% and a net margin of 21.15%. The company had revenue of $954.54 million for the quarter, compared to analysts’ expectations of $941.93 million. Research analysts anticipate that Mettler-Toledo International Inc. will post 40.42 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on MTD shares. Robert W. Baird decreased their price objective 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, November 11th. Wolfe Research began coverage on shares of Mettler-Toledo International in a research note on Friday, December 13th. They set a “peer perform” rating for the company. Evercore ISI raised shares of Mettler-Toledo International from an “in-line” rating to an “outperform” rating and raised their target price for the stock from $1,375.00 to $1,450.00 in a research report on Thursday. Citigroup raised shares of Mettler-Toledo International from a “sell” rating to a “neutral” rating and upped their price target for the stock from $1,200.00 to $1,300.00 in a research report on Wednesday, December 11th. Finally, Wells Fargo & Company decreased their price target on shares of Mettler-Toledo International from $1,400.00 to $1,350.00 and set an “equal weight” rating on the stock in a report on Monday, November 11th. One research analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $1,351.25.

Insider Buying and Selling at Mettler-Toledo International

In other Mettler-Toledo International news, Director Elisha W. Finney sold 76 shares of the firm’s 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 in the company, valued at approximately $314,820. This trade represents a 24.05 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Gerry Keller sold 140 shares of the company’s stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $1,254.09, for a total transaction of $175,572.60. Following the transaction, the insider now owns 6 shares of the company’s stock, valued at $7,524.54. This represents a 95.89 % decrease in their position. The disclosure for this sale can be found here. 1.94% of the stock is currently owned by insiders.

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.