Versant Capital Management Inc Raises Holdings in Mettler-Toledo International Inc. (NYSE:MTD)

Versant Capital Management Inc grew its stake in Mettler-Toledo International Inc. (NYSE:MTD - Free Report) by 291.8% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 333 shares of the medical instruments supplier's stock after purchasing an additional 248 shares during the quarter. Versant Capital Management Inc's holdings in Mettler-Toledo International were worth $393,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of MTD. JPMorgan Chase & Co. raised its stake in shares of Mettler-Toledo International by 14.7% in the third quarter. JPMorgan Chase & Co. now owns 221,799 shares of the medical instruments supplier's stock valued at $332,634,000 after buying an additional 28,478 shares during the period. Blue Trust Inc. raised its stake in shares of Mettler-Toledo International by 70.8% during the 4th quarter. Blue Trust Inc. now owns 41 shares of the medical instruments supplier's stock valued at $50,000 after purchasing an additional 17 shares during the period. Mediolanum International Funds Ltd raised its stake in shares of Mettler-Toledo International by 47.0% during the 4th quarter. Mediolanum International Funds Ltd now owns 5,307 shares of the medical instruments supplier's stock valued at $6,458,000 after purchasing an additional 1,696 shares during the period. Caprock Group LLC raised its stake in shares of Mettler-Toledo International by 11.4% during the 4th quarter. Caprock Group LLC now owns 487 shares of the medical instruments supplier's stock valued at $596,000 after purchasing an additional 50 shares during the period. Finally, Tokio Marine Asset Management Co. Ltd. grew its position in shares of Mettler-Toledo International by 773.3% during the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 5,336 shares of the medical instruments supplier's stock valued at $6,530,000 after purchasing an additional 4,725 shares in the last quarter. Institutional investors own 95.07% of the company's stock.

Analyst Upgrades and Downgrades

MTD has been the topic of several recent analyst reports. Wall Street Zen cut Mettler-Toledo International from a "buy" rating to a "hold" rating in a report on Monday, May 5th. Wells Fargo & Company increased their price objective on Mettler-Toledo International from $1,125.00 to $1,200.00 and gave the company an "equal weight" rating in a research report on Monday, May 5th. Citigroup upgraded Mettler-Toledo International from a "neutral" rating to a "buy" rating and set a $1,400.00 price objective on the stock in a research report on Monday, April 7th. Robert W. Baird reduced 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 research report on Tuesday, April 22nd. Finally, Evercore ISI increased their price objective on Mettler-Toledo International from $1,450.00 to $1,475.00 and gave the company an "outperform" rating in a research report on Monday, February 10th. Seven investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Mettler-Toledo International presently has a consensus rating of "Hold" and a consensus target price of $1,302.11.

Mettler-Toledo International Stock Performance

MTD traded up $24.98 on Tuesday, hitting $1,166.11. 214,479 shares of the company were exchanged, compared to its average volume of 183,004. The firm has a fifty day simple moving average of $1,092.81 and a two-hundred day simple moving average of $1,205.23. Mettler-Toledo International Inc. has a 12 month low of $946.69 and a 12 month high of $1,546.93. The stock has a market capitalization of $24.24 billion, a PE ratio of 28.77, a price-to-earnings-growth ratio of 3.30 and a beta of 1.40.

Mettler-Toledo International (NYSE:MTD - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The medical instruments supplier reported $8.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.90 by $0.29. Mettler-Toledo International had a negative return on equity of 591.54% and a net margin of 22.29%. The business had revenue of $883.74 million for the quarter, compared to analyst estimates of $876.61 million. During the same period last year, the company earned $8.89 EPS. Mettler-Toledo International's revenue for the quarter was down 4.6% compared to the same quarter last year. On average, equities analysts expect that Mettler-Toledo International Inc. will post 42.71 earnings per share for the current year.

Insider Transactions at Mettler-Toledo International

In other news, Director Michael A. Kelly sold 1,062 shares of Mettler-Toledo International stock in a transaction dated Wednesday, May 28th. The stock was sold at an average price of $1,159.93, for a total value of $1,231,845.66. Following the completion of the transaction, the director now owns 120 shares of the company's stock, valued at $139,191.60. The trade was a 89.85% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.94% 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.