Simon Quick Advisors LLC Has $469,000 Stock Holdings in Mettler-Toledo International, Inc. (NYSE:MTD)

Simon Quick Advisors LLC grew its position in Mettler-Toledo International, Inc. (NYSE:MTD - Free Report) by 136.3% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 397 shares of the medical instruments supplier's stock after acquiring an additional 229 shares during the quarter. Simon Quick Advisors LLC's holdings in Mettler-Toledo International were worth $469,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. SBI Securities Co. Ltd. acquired a new position in Mettler-Toledo International in the fourth quarter valued at $33,000. Edmond DE Rothschild Holding S.A. purchased a new position in shares of Mettler-Toledo International during the fourth quarter worth about $44,000. Whipplewood Advisors LLC acquired a new position in Mettler-Toledo International in the 4th quarter valued at about $54,000. Menard Financial Group LLC acquired a new position in Mettler-Toledo International in the 4th quarter valued at about $67,000. Finally, Farther Finance Advisors LLC raised its stake in Mettler-Toledo International by 14.3% during the 4th quarter. Farther Finance Advisors LLC now owns 64 shares of the medical instruments supplier's stock valued at $78,000 after acquiring an additional 8 shares during the last quarter. 95.07% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Citigroup upgraded Mettler-Toledo International from a "neutral" rating to a "buy" rating and set a $1,400.00 price target for the company in a research note on Monday, April 7th. Wall Street Zen cut shares of Mettler-Toledo International from a "buy" rating to a "hold" rating in a research note on Monday, May 5th. Jefferies Financial Group raised shares of Mettler-Toledo International from an "underperform" rating to a "hold" rating and lowered their target price for the company from $1,200.00 to $1,110.00 in a report on Monday, May 5th. UBS Group raised shares of Mettler-Toledo International from a "neutral" rating to a "buy" rating and cut their price target for the stock from $1,530.00 to $1,350.00 in a report on Tuesday, May 20th. Finally, Robert W. Baird lowered their price objective on Mettler-Toledo International from $1,369.00 to $1,034.00 and set a "neutral" rating on the stock in a report on Tuesday, April 22nd. Seven research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, Mettler-Toledo International currently has an average rating of "Hold" and an average price target of $1,302.11.

Mettler-Toledo International Stock Performance

Shares of Mettler-Toledo International stock traded down $31.91 during trading on Tuesday, reaching $1,150.94. The company had a trading volume of 144,143 shares, compared to its average volume of 151,908. Mettler-Toledo International, Inc. has a fifty-two week low of $946.69 and a fifty-two week high of $1,546.93. The firm's fifty day moving average is $1,111.61 and its 200-day moving average is $1,202.84. The company has a market cap of $23.92 billion, a price-to-earnings ratio of 28.70, a price-to-earnings-growth ratio of 3.50 and a beta of 1.38.

Mettler-Toledo International (NYSE:MTD - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The medical instruments supplier reported $8.19 earnings per share for the quarter, beating analysts' consensus estimates of $7.90 by $0.29. The business had revenue of $883.74 million during the quarter, compared to the consensus estimate of $876.61 million. Mettler-Toledo International had a net margin of 22.17% and a negative return on equity of 556.22%. The company's revenue for the quarter was down 4.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $8.89 EPS. On average, research analysts anticipate that Mettler-Toledo International, Inc. will post 42.71 EPS for the current fiscal year.

Insider Transactions at Mettler-Toledo International

In other news, Director Michael A. Kelly sold 1,062 shares of the firm's stock in a transaction dated Wednesday, May 28th. The shares were sold at an average price of $1,159.93, for a total transaction of $1,231,845.66. Following the completion of the transaction, the director now directly owns 120 shares of the company's stock, valued at approximately $139,191.60. This trade represents a 89.85% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.77% of the company's stock.

About Mettler-Toledo International

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.