Mettler-Toledo International Inc. (NYSE:MTD) Shares Acquired by ClearAlpha Technologies LP

ClearAlpha Technologies LP increased its holdings in shares of Mettler-Toledo International Inc. (NYSE:MTD) by 43.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 352 shares of the medical instruments supplier’s stock after acquiring an additional 107 shares during the period. ClearAlpha Technologies LP’s holdings in Mettler-Toledo International were worth $528,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of MTD. EverSource Wealth Advisors LLC boosted its holdings in Mettler-Toledo International by 8.0% during the first quarter. EverSource Wealth Advisors LLC now owns 95 shares of the medical instruments supplier’s stock worth $117,000 after buying an additional 7 shares in the last quarter. UMB Bank n.a. increased its position in shares of Mettler-Toledo International by 6.6% in the second quarter. UMB Bank n.a. now owns 113 shares of the medical instruments supplier’s stock valued at $158,000 after buying an additional 7 shares in the last quarter. Massmutual Trust Co. FSB ADV increased its position in shares of Mettler-Toledo International by 7.2% in the second quarter. Massmutual Trust Co. FSB ADV now owns 119 shares of the medical instruments supplier’s stock valued at $166,000 after buying an additional 8 shares in the last quarter. DT Investment Partners LLC raised its stake in shares of Mettler-Toledo International by 13.3% during the 3rd quarter. DT Investment Partners LLC now owns 68 shares of the medical instruments supplier’s stock worth $102,000 after buying an additional 8 shares during the last quarter. Finally, Suncoast Equity Management grew its stake in Mettler-Toledo International by 2.0% in the 3rd quarter. Suncoast Equity Management now owns 460 shares of the medical instruments supplier’s stock valued at $690,000 after acquiring an additional 9 shares during the last quarter. Hedge funds and other institutional investors own 95.07% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have issued reports on MTD. Wells Fargo & Company reduced 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 report on Monday, November 11th. JPMorgan Chase & Co. upped their target price on Mettler-Toledo International from $1,300.00 to $1,400.00 and gave the company a “neutral” rating in a research note on Monday, August 5th. Robert W. Baird dropped their price target on Mettler-Toledo International from $1,375.00 to $1,310.00 and set a “neutral” rating for the company in a research report on Monday, November 11th. Stifel Nicolaus reduced their price objective on 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. Finally, Evercore ISI lifted their price objective on Mettler-Toledo International from $1,375.00 to $1,450.00 and gave the stock an “in-line” rating in a research report on Tuesday, October 1st. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $1,338.75.

Insider Buying and Selling at Mettler-Toledo International

In other news, Director Elisha W. Finney sold 76 shares of the firm’s stock in a transaction dated Monday, November 11th. The stock was 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 trade represents a 24.05 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.94% of the stock is owned by company insiders.

Mettler-Toledo International Trading Up 0.6 %

Mettler-Toledo International stock opened at $1,251.20 on Monday. The stock has a fifty day moving average price of $1,345.17 and a 200 day moving average price of $1,392.37. Mettler-Toledo International Inc. has a 52 week low of $1,068.33 and a 52 week high of $1,546.93. The firm has a market capitalization of $26.40 billion, a P/E ratio of 33.73, a PEG ratio of 4.13 and a beta of 1.16.

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

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.