Quest Partners LLC Has $1.54 Million Stock Position in Mettler-Toledo International Inc. (NYSE:MTD)

Quest Partners LLC raised its holdings in Mettler-Toledo International Inc. (NYSE:MTD) by 878.1% during the third quarter, HoldingsChannel reports. The firm owned 1,027 shares of the medical instruments supplier’s stock after acquiring an additional 922 shares during the quarter. Quest Partners LLC’s holdings in Mettler-Toledo International were worth $1,540,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of MTD. Orion Portfolio Solutions LLC boosted its stake in Mettler-Toledo International by 3.0% in the first quarter. Orion Portfolio Solutions LLC now owns 696 shares of the medical instruments supplier’s stock valued at $927,000 after buying an additional 20 shares in the last quarter. Bessemer Group Inc. grew its holdings in shares of Mettler-Toledo International by 162.2% during the 1st quarter. Bessemer Group Inc. now owns 3,855 shares of the medical instruments supplier’s stock valued at $5,131,000 after purchasing an additional 2,385 shares during the last quarter. Lake Street Advisors Group LLC increased its position in Mettler-Toledo International by 17.2% during the 1st quarter. Lake Street Advisors Group LLC now owns 313 shares of the medical instruments supplier’s stock worth $416,000 after purchasing an additional 46 shares in the last quarter. Wellington Wealth Strategies LLC. bought a new position in Mettler-Toledo International in the 1st quarter valued at approximately $1,009,000. Finally, Advisors Asset Management Inc. boosted its position in Mettler-Toledo International by 17.1% in the first quarter. Advisors Asset Management Inc. now owns 1,366 shares of the medical instruments supplier’s stock valued at $1,819,000 after buying an additional 199 shares in the last quarter. Institutional investors own 95.07% of the company’s stock.

Mettler-Toledo International Trading Down 1.2 %

Mettler-Toledo International stock opened at $1,160.67 on Wednesday. The firm has a market capitalization of $24.49 billion, a price-to-earnings ratio of 31.29, a price-to-earnings-growth ratio of 3.89 and a beta of 1.16. The firm’s fifty day moving average price is $1,373.15 and its two-hundred day moving average price is $1,401.19. Mettler-Toledo International Inc. has a 1-year low of $1,041.49 and a 1-year high of $1,546.93.

Mettler-Toledo International (NYSE:MTD) last announced its quarterly earnings results on Thursday, November 7th. The medical instruments supplier reported $10.21 earnings per share for the quarter, beating the consensus estimate of $10.00 by $0.21. The business had revenue of $954.54 million for the quarter, compared to analysts’ expectations 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, research analysts forecast that Mettler-Toledo International Inc. will post 40.39 EPS for the current year.

Insider Buying and Selling

In other Mettler-Toledo International news, Director Elisha W. Finney sold 76 shares of Mettler-Toledo International stock in a transaction on Monday, November 11th. The shares were sold at an average price of $1,311.75, for a total transaction of $99,693.00. Following the transaction, the director now directly owns 240 shares of the company’s stock, valued at $314,820. The trade was a 24.05 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.94% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

MTD has been the subject of a number of research reports. Evercore ISI increased their price target on Mettler-Toledo International from $1,375.00 to $1,450.00 and gave the company an “in-line” rating in a research note on Tuesday, October 1st. Wells Fargo & Company dropped their target price 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, November 11th. JPMorgan Chase & Co. boosted their price target on Mettler-Toledo International from $1,300.00 to $1,400.00 and gave the stock a “neutral” rating in a report on Monday, August 5th. Stifel Nicolaus lowered their price objective on 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. Finally, Robert W. Baird reduced their target price on shares of 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. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $1,338.75.

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.