Vestcor Inc Buys 409 Shares of Mettler-Toledo International Inc. (NYSE:MTD)

Vestcor Inc grew its stake in shares of Mettler-Toledo International Inc. (NYSE:MTD) by 40.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,425 shares of the medical instruments supplier’s stock after buying an additional 409 shares during the period. Vestcor Inc’s holdings in Mettler-Toledo International were worth $2,137,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of MTD. Allspring Global Investments Holdings LLC increased its position in Mettler-Toledo International by 14.0% in the third quarter. Allspring Global Investments Holdings LLC now owns 1,240 shares of the medical instruments supplier’s stock worth $1,860,000 after purchasing an additional 152 shares during the last quarter. Federated Hermes Inc. increased its position in Mettler-Toledo International by 10.3% in the second quarter. Federated Hermes Inc. now owns 7,667 shares of the medical instruments supplier’s stock worth $10,715,000 after purchasing an additional 717 shares during the last quarter. Quest Partners LLC increased its position in Mettler-Toledo International by 878.1% in the third quarter. Quest Partners LLC now owns 1,027 shares of the medical instruments supplier’s stock worth $1,540,000 after purchasing an additional 922 shares during the last quarter. Renaissance Technologies LLC increased its position in Mettler-Toledo International by 478.6% in the second quarter. Renaissance Technologies LLC now owns 12,730 shares of the medical instruments supplier’s stock worth $17,791,000 after purchasing an additional 10,530 shares during the last quarter. Finally, CWA Asset Management Group LLC bought a new stake in Mettler-Toledo International in the third quarter worth $1,428,000. Institutional investors own 95.07% of the company’s stock.

Insider Activity at Mettler-Toledo International

In other Mettler-Toledo International news, Director Elisha W. Finney sold 76 shares of Mettler-Toledo International stock in a transaction on Monday, November 11th. The shares were sold at an average price of $1,311.75, for a total transaction of $99,693.00. Following the sale, the director now owns 240 shares of the company’s stock, valued at $314,820. The trade was a 24.05 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Gerry Keller sold 140 shares of Mettler-Toledo International stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $1,254.09, for a total value of $175,572.60. Following the transaction, the insider now owns 6 shares in the company, valued at approximately $7,524.54. This represents a 95.89 % decrease in their position. The disclosure for this sale can be found here. 1.94% of the stock is owned by corporate insiders.

Mettler-Toledo International Stock Down 0.9 %

MTD opened at $1,270.69 on Wednesday. Mettler-Toledo International Inc. has a 52-week low of $1,088.61 and a 52-week high of $1,546.93. The company has a market cap of $26.82 billion, a P/E ratio of 34.26, a price-to-earnings-growth ratio of 4.15 and a beta of 1.13. The firm’s 50-day moving average price is $1,321.79 and its 200-day moving average price is $1,381.76.

Mettler-Toledo International (NYSE:MTD) last issued its quarterly earnings data on Thursday, November 7th. The medical instruments supplier reported $10.21 EPS for the quarter, topping 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 business had revenue of $954.54 million for the quarter, compared to analysts’ expectations of $941.93 million. On average, research analysts anticipate that Mettler-Toledo International Inc. will post 40.42 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Wells Fargo & Company dropped their price objective on shares of Mettler-Toledo International from $1,400.00 to $1,350.00 and set an “equal weight” rating for the company in a research note on Monday, November 11th. Robert W. Baird dropped their price objective on shares of Mettler-Toledo International from $1,375.00 to $1,310.00 and set a “neutral” rating for the company in a research note on Monday, November 11th. Evercore ISI lifted their price objective 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. Finally, Stifel Nicolaus dropped their price objective on shares of Mettler-Toledo International from $1,550.00 to $1,450.00 and set a “buy” rating for the company in a research note on Monday, November 11th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, Mettler-Toledo International currently has an average rating of “Hold” and an average target price of $1,338.75.

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.