Quantinno Capital Management LP Purchases 5,748 Shares of Mettler-Toledo International Inc. (NYSE:MTD)

Quantinno Capital Management LP lifted its holdings in shares of Mettler-Toledo International Inc. (NYSE:MTD - Free Report) by 104.1% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 11,272 shares of the medical instruments supplier's stock after purchasing an additional 5,748 shares during the period. Quantinno Capital Management LP owned 0.05% of Mettler-Toledo International worth $13,794,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. SBI Securities Co. Ltd. bought a new stake in shares of Mettler-Toledo International during the fourth quarter worth $33,000. Edmond DE Rothschild Holding S.A. bought a new stake in shares of Mettler-Toledo International during the fourth quarter worth $44,000. Blue Trust Inc. grew its holdings in shares of Mettler-Toledo International by 70.8% during the fourth quarter. Blue Trust Inc. now owns 41 shares of the medical instruments supplier's stock worth $50,000 after purchasing an additional 17 shares during the last quarter. Whipplewood Advisors LLC bought a new stake in shares of Mettler-Toledo International during the fourth quarter worth $54,000. Finally, Sound Income Strategies LLC grew its holdings in shares of Mettler-Toledo International by 4,500.0% during the fourth quarter. Sound Income Strategies LLC now owns 46 shares of the medical instruments supplier's stock worth $56,000 after purchasing an additional 45 shares during the last quarter. Institutional investors own 95.07% of the company's stock.

Mettler-Toledo International Trading Up 1.4%

Shares of NYSE MTD traded up $15.57 during mid-day trading on Friday, reaching $1,158.93. 148,650 shares of the company's stock were exchanged, compared to its average volume of 146,543. The firm has a market capitalization of $24.09 billion, a price-to-earnings ratio of 28.59, a PEG ratio of 3.30 and a beta of 1.40. The business has a fifty day simple moving average of $1,107.03 and a 200 day simple moving average of $1,218.11. Mettler-Toledo International Inc. has a twelve month low of $946.69 and a twelve month high of $1,546.93.

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

Analyst Ratings Changes

MTD has been the topic of several research reports. Robert W. Baird cut their price target on Mettler-Toledo International from $1,369.00 to $1,034.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 22nd. Evercore ISI upped their price target on Mettler-Toledo International from $1,450.00 to $1,475.00 and gave the company an "outperform" rating in a research note on Monday, February 10th. StockNews.com lowered Mettler-Toledo International from a "buy" rating to a "hold" rating in a research note on Monday, May 5th. Jefferies Financial Group raised Mettler-Toledo International from an "underperform" rating to a "hold" rating and cut their price target for the company from $1,200.00 to $1,110.00 in a research note on Monday, May 5th. Finally, Wells Fargo & Company upped their price target on Mettler-Toledo International from $1,125.00 to $1,200.00 and gave the company an "equal weight" rating in a research note on Monday, May 5th. Seven analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $1,296.13.

Insider Transactions at Mettler-Toledo International

In other news, insider Christian Magloth sold 790 shares of the firm's stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $1,313.69, for a total transaction of $1,037,815.10. Following the sale, the insider now owns 734 shares of the company's stock, valued at $964,248.46. This trade represents a 51.84% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.94% of the stock is currently owned by insiders.

Mettler-Toledo International 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.