Edgestream Partners L.P. Grows Stock Holdings in Mettler-Toledo International Inc. (NYSE:MTD)

Edgestream Partners L.P. lifted its position in shares of Mettler-Toledo International Inc. (NYSE:MTD) by 1,270.6% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,262 shares of the medical instruments supplier’s stock after buying an additional 3,024 shares during the quarter. Edgestream Partners L.P.’s holdings in Mettler-Toledo International were worth $4,892,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Family Firm Inc. purchased a new stake in Mettler-Toledo International in the 2nd quarter worth $25,000. Blue Trust Inc. lifted its stake in Mettler-Toledo International by 242.9% in the 3rd quarter. Blue Trust Inc. now owns 24 shares of the medical instruments supplier’s stock worth $34,000 after purchasing an additional 17 shares in the last quarter. Ashton Thomas Securities LLC purchased a new stake in Mettler-Toledo International in the 3rd quarter worth $37,000. Rothschild Investment LLC purchased a new stake in Mettler-Toledo International in the 2nd quarter worth $42,000. Finally, Itau Unibanco Holding S.A. purchased a new stake in Mettler-Toledo International in the 2nd quarter worth $42,000. Hedge funds and other institutional investors own 95.07% of the company’s stock.

Mettler-Toledo International Trading Up 0.6 %

Shares of NYSE:MTD opened at $1,251.20 on Friday. The company has a market capitalization of $26.40 billion, a price-to-earnings ratio of 33.73, a PEG ratio of 4.13 and a beta of 1.16. Mettler-Toledo International Inc. has a 12 month low of $1,068.33 and a 12 month high of $1,546.93. The firm’s 50-day moving average is $1,345.17 and its 200 day moving average is $1,393.26.

Mettler-Toledo International (NYSE:MTD) last issued its quarterly earnings results on Thursday, November 7th. The medical instruments supplier reported $10.21 EPS for the quarter, beating the consensus estimate of $10.00 by $0.21. The company had revenue of $954.54 million for the quarter, compared to the consensus estimate of $941.93 million. Mettler-Toledo International had a net margin of 21.15% and a negative return on equity of 531.78%. As a group, equities analysts forecast that Mettler-Toledo International Inc. will post 40.42 EPS for the current fiscal year.

Analysts Set New Price Targets

MTD has been the topic of several research analyst reports. JPMorgan Chase & Co. boosted their price target on shares of Mettler-Toledo International from $1,300.00 to $1,400.00 and gave the stock a “neutral” rating in a research note on Monday, August 5th. Wells Fargo & Company decreased their price target on shares of Mettler-Toledo International from $1,400.00 to $1,350.00 and set an “equal weight” rating on the stock in a research note on Monday, November 11th. Evercore ISI boosted their price target on shares of Mettler-Toledo International from $1,375.00 to $1,450.00 and gave the stock an “in-line” rating in a research note on Tuesday, October 1st. Robert W. Baird decreased their target price on shares of Mettler-Toledo International from $1,375.00 to $1,310.00 and set a “neutral” rating on the stock in a research report on Monday, November 11th. Finally, Stifel Nicolaus decreased their target price on shares of Mettler-Toledo International from $1,550.00 to $1,450.00 and set a “buy” rating on the stock in a research report on Monday, November 11th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and two have given 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 an average price target of $1,338.75.

Insiders Place Their Bets

In other Mettler-Toledo International news, Director Elisha W. Finney sold 76 shares of the company’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $1,311.75, for a total value of $99,693.00. Following the transaction, the director now directly owns 240 shares in the company, valued at $314,820. This represents a 24.05 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.94% of the company’s stock.

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.