Mettler-Toledo International Inc. (NYSE:MTD) Shares Acquired by Profund Advisors LLC

Share on StockTwits

Profund Advisors LLC raised its holdings in shares of Mettler-Toledo International Inc. (NYSE:MTD) by 10.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,545 shares of the medical instruments supplier’s stock after purchasing an additional 600 shares during the period. Profund Advisors LLC’s holdings in Mettler-Toledo International were worth $5,192,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of MTD. AQR Capital Management LLC increased its position in shares of Mettler-Toledo International by 39.4% in the 4th quarter. AQR Capital Management LLC now owns 140,666 shares of the medical instruments supplier’s stock valued at $111,226,000 after acquiring an additional 39,735 shares during the period. Voya Investment Management LLC boosted its holdings in Mettler-Toledo International by 5.4% in the third quarter. Voya Investment Management LLC now owns 16,466 shares of the medical instruments supplier’s stock valued at $11,598,000 after purchasing an additional 837 shares during the last quarter. Tuttle Tactical Management boosted its holdings in Mettler-Toledo International by 191.1% in the fourth quarter. Tuttle Tactical Management now owns 1,991 shares of the medical instruments supplier’s stock valued at $1,579,000 after purchasing an additional 1,307 shares during the last quarter. Parametric Portfolio Associates LLC boosted its holdings in Mettler-Toledo International by 1.0% in the third quarter. Parametric Portfolio Associates LLC now owns 151,119 shares of the medical instruments supplier’s stock valued at $106,448,000 after purchasing an additional 1,548 shares during the last quarter. Finally, California Public Employees Retirement System boosted its holdings in Mettler-Toledo International by 3.7% in the fourth quarter. California Public Employees Retirement System now owns 57,783 shares of the medical instruments supplier’s stock valued at $45,838,000 after purchasing an additional 2,087 shares during the last quarter. 96.73% of the stock is currently owned by institutional investors and hedge funds.

In related news, CFO Shawn Vadala sold 214 shares of the company’s stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $766.99, for a total transaction of $164,135.86. Following the completion of the transaction, the chief financial officer now owns 5,927 shares in the company, valued at approximately $4,545,949.73. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Christian Magloth sold 750 shares of the company’s stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $772.09, for a total transaction of $579,067.50. Following the transaction, the insider now owns 901 shares of the company’s stock, valued at approximately $695,653.09. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 15,678 shares of company stock valued at $12,076,167. Insiders own 3.20% of the company’s stock.

Shares of MTD stock traded up $18.97 during mid-day trading on Thursday, hitting $659.27. 460,600 shares of the stock were exchanged, compared to its average volume of 193,029. The firm has a fifty day moving average of $719.86 and a 200 day moving average of $734.42. The company has a quick ratio of 1.11, a current ratio of 1.47 and a debt-to-equity ratio of 2.94. Mettler-Toledo International Inc. has a 52-week low of $579.40 and a 52-week high of $873.51. The company has a market cap of $15.48 billion, a PE ratio of 29.27, a price-to-earnings-growth ratio of 2.28 and a beta of 1.37.

Mettler-Toledo International (NYSE:MTD) last posted its earnings results on Thursday, February 6th. The medical instruments supplier reported $7.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.68 by $0.10. Mettler-Toledo International had a net margin of 18.65% and a return on equity of 118.08%. The business had revenue of $843.97 million for the quarter, compared to analyst estimates of $835.43 million. During the same period in the prior year, the company posted $6.85 EPS. The company’s revenue for the quarter was up 3.2% on a year-over-year basis. Equities analysts predict that Mettler-Toledo International Inc. will post 24.71 EPS for the current year.

Several equities research analysts have commented on MTD shares. UBS Group raised shares of Mettler-Toledo International from a “sell” rating to a “neutral” rating and set a $786.00 price target on the stock in a report on Friday, February 7th. Zacks Investment Research lowered shares of Mettler-Toledo International from a “hold” rating to a “sell” rating and set a $845.00 target price on the stock. in a research note on Friday, January 3rd. Citigroup lowered their target price on shares of Mettler-Toledo International from $800.00 to $725.00 and set a “neutral” rating on the stock in a research note on Friday, March 20th. Barclays raised shares of Mettler-Toledo International from an “underweight” rating to an “equal weight” rating and lowered their target price for the stock from $720.00 to $680.00 in a research note on Thursday. Finally, Bank of America lowered shares of Mettler-Toledo International from a “buy” rating to a “neutral” rating in a research note on Friday, January 3rd. One analyst has rated the stock with a sell rating and seven have issued a hold rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $765.86.

Mettler-Toledo International Profile

Mettler-Toledo International Inc manufactures and supplies precision instruments and services worldwide. The company operates in five segments: U.S. Operations, Swiss Operations, Western European Operations, Chinese Operations, and Other. It offers weighing instruments for laboratory, industrial, packaging, logistics, and food retailing applications; various related analytical instruments and provides automated chemistry solutions used in drug and chemical compound discovery and development; metal detection and other end-of-line product inspection systems used in production and packaging for food processing and packaging, pharmaceutical, packaged consumer goods, and other industries; and solutions that are used in various process analytics applications.

Featured Story: Stocks Increasing Dividends

Want to see what other hedge funds are holding MTD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mettler-Toledo International Inc. (NYSE:MTD).

Institutional Ownership by Quarter for Mettler-Toledo International (NYSE:MTD)

Receive News & Ratings for Mettler-Toledo International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mettler-Toledo International and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply