Vinva Investment Management Ltd Increases Position in Mettler-Toledo International Inc. (NYSE:MTD)

Vinva Investment Management Ltd grew its holdings in Mettler-Toledo International Inc. (NYSE:MTD) by 74.2% in the third quarter, Holdings Channel.com reports. The institutional investor owned 2,364 shares of the medical instruments supplier’s stock after acquiring an additional 1,007 shares during the quarter. Vinva Investment Management Ltd’s holdings in Mettler-Toledo International were worth $3,496,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Family Firm Inc. purchased a new stake in shares of Mettler-Toledo International in the second quarter valued at about $25,000. Blue Trust Inc. raised its holdings in shares of Mettler-Toledo International by 242.9% in the third quarter. Blue Trust Inc. now owns 24 shares of the medical instruments supplier’s stock valued at $34,000 after buying an additional 17 shares during the last quarter. Ashton Thomas Securities LLC purchased a new stake in shares of Mettler-Toledo International in the third quarter valued at about $37,000. Rothschild Investment LLC acquired a new position in shares of Mettler-Toledo International during the second quarter worth about $42,000. Finally, Itau Unibanco Holding S.A. acquired a new position in shares of Mettler-Toledo International during the second quarter worth about $42,000. 95.07% of the stock is owned by hedge funds and other institutional investors.

Mettler-Toledo International Trading Up 0.9 %

Shares of MTD opened at $1,243.40 on Friday. The firm’s 50-day moving average is $1,348.27 and its two-hundred day moving average is $1,395.43. Mettler-Toledo International Inc. has a twelve month low of $1,059.08 and a twelve month high of $1,546.93. The firm has a market capitalization of $26.24 billion, a P/E ratio of 33.52, a PEG ratio of 4.10 and a beta of 1.16.

Mettler-Toledo International (NYSE:MTD) last released 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 business had revenue of $954.54 million for the quarter, compared to analyst estimates of $941.93 million. Mettler-Toledo International had a net margin of 21.15% and a negative return on equity of 531.78%. Analysts predict that Mettler-Toledo International Inc. will post 40.39 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. 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 dropped their price target 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 note on Monday, November 11th. Wells Fargo & Company dropped 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. 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. Finally, Stifel Nicolaus dropped their price target 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 note on Monday, November 11th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $1,338.75.

Insider Activity

In other news, Director Elisha W. Finney sold 76 shares of the stock in a transaction that occurred on 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 sale, the director now directly owns 240 shares in the company, valued at $314,820. This represents a 24.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company 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.