Duality Advisers LP Has $1.54 Million Stock Holdings in Mettler-Toledo International Inc. (NYSE:MTD)

Duality Advisers LP lessened its holdings in shares of Mettler-Toledo International Inc. (NYSE:MTD) by 14.2% in the first quarter, Holdings Channel.com reports. The fund owned 1,154 shares of the medical instruments supplier’s stock after selling 191 shares during the quarter. Duality Advisers LP’s holdings in Mettler-Toledo International were worth $1,536,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Capital International Investors grew its holdings in shares of Mettler-Toledo International by 3.0% in the 4th quarter. Capital International Investors now owns 933,989 shares of the medical instruments supplier’s stock valued at $1,132,891,000 after buying an additional 27,386 shares during the period. Bank of New York Mellon Corp grew its holdings in shares of Mettler-Toledo International by 169.4% in the 1st quarter. Bank of New York Mellon Corp now owns 573,702 shares of the medical instruments supplier’s stock valued at $763,764,000 after buying an additional 360,786 shares during the period. Norges Bank acquired a new position in Mettler-Toledo International in the 4th quarter worth $320,847,000. Principal Financial Group Inc. boosted its stake in Mettler-Toledo International by 2.8% in the 1st quarter. Principal Financial Group Inc. now owns 248,007 shares of the medical instruments supplier’s stock worth $330,169,000 after purchasing an additional 6,788 shares during the period. Finally, PineStone Asset Management Inc. boosted its stake in Mettler-Toledo International by 29.4% in the 4th quarter. PineStone Asset Management Inc. now owns 197,182 shares of the medical instruments supplier’s stock worth $239,174,000 after purchasing an additional 44,847 shares during the period. Institutional investors and hedge funds own 95.07% of the company’s stock.

Insider Buying and Selling

In related news, CFO Shawn Vadala sold 300 shares of Mettler-Toledo International stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $1,528.43, for a total transaction of $458,529.00. Following the completion of the transaction, the chief financial officer now owns 4,914 shares in the company, valued at $7,510,705.02. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, insider Gerry Keller sold 310 shares of the business’s stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $1,511.56, for a total transaction of $468,583.60. Following the completion of the sale, the insider now owns 6 shares in the company, valued at $9,069.36. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Shawn Vadala sold 300 shares of the business’s stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $1,528.43, for a total value of $458,529.00. Following the sale, the chief financial officer now owns 4,914 shares of the company’s stock, valued at approximately $7,510,705.02. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 3,278 shares of company stock worth $4,871,849. Company insiders own 1.94% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on MTD. Citigroup upped their target price on shares of Mettler-Toledo International from $975.00 to $1,200.00 and gave the stock a “sell” rating in a research note on Monday, May 13th. Robert W. Baird upped their target price on shares of Mettler-Toledo International from $1,212.00 to $1,360.00 and gave the stock a “neutral” rating in a research note on Monday, May 13th. Stifel Nicolaus upped their target price on shares of Mettler-Toledo International from $1,270.00 to $1,510.00 and gave the stock a “buy” rating in a research note on Monday, May 13th. Jefferies Financial Group reaffirmed an “underperform” rating and issued a $1,250.00 target price (up from $1,230.00) on shares of Mettler-Toledo International in a research note on Monday, June 3rd. Finally, StockNews.com raised shares of Mettler-Toledo International from a “hold” rating to a “buy” rating in a research note on Thursday. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, Mettler-Toledo International has an average rating of “Hold” and an average target price of $1,301.25.

Mettler-Toledo International Stock Up 0.6 %

Shares of NYSE:MTD traded up $8.78 during midday trading on Friday, reaching $1,366.96. The company had a trading volume of 51,918 shares, compared to its average volume of 144,921. The business’s 50 day moving average price is $1,418.97 and its 200 day moving average price is $1,301.79. The stock has a market cap of $29.19 billion, a PE ratio of 38.51, a P/E/G ratio of 3.55 and a beta of 1.17. Mettler-Toledo International Inc. has a 1-year low of $928.49 and a 1-year high of $1,535.86.

Mettler-Toledo International (NYSE:MTD) last released its earnings results on Thursday, May 9th. The medical instruments supplier reported $8.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $7.61 by $1.28. Mettler-Toledo International had a negative return on equity of 662.32% and a net margin of 20.55%. The business had revenue of $925.95 million for the quarter, compared to the consensus estimate of $879.72 million. During the same quarter in the previous year, the business earned $8.69 earnings per share. Mettler-Toledo International’s quarterly revenue was down .3% on a year-over-year basis. On average, research analysts expect that Mettler-Toledo International Inc. will post 40.13 earnings per share for the current fiscal 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.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.