Denali Advisors LLC Boosts Holdings in Mettler-Toledo International Inc. (NYSE:MTD)

Denali Advisors LLC increased its holdings in Mettler-Toledo International Inc. (NYSE:MTD) by 25.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,000 shares of the medical instruments supplier’s stock after buying an additional 200 shares during the quarter. Denali Advisors LLC’s holdings in Mettler-Toledo International were worth $704,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Meiji Yasuda Asset Management Co Ltd. bought a new stake in shares of Mettler-Toledo International in the first quarter valued at about $253,000. Marshall Wace LLP grew its stake in shares of Mettler-Toledo International by 21,807.4% in the 1st quarter. Marshall Wace LLP now owns 14,897 shares of the medical instruments supplier’s stock valued at $10,771,000 after purchasing an additional 14,829 shares during the last quarter. SG Americas Securities LLC grew its stake in shares of Mettler-Toledo International by 920.0% in the 2nd quarter. SG Americas Securities LLC now owns 2,244 shares of the medical instruments supplier’s stock valued at $1,885,000 after purchasing an additional 2,024 shares during the last quarter. Asset Management One Co. Ltd. grew its stake in shares of Mettler-Toledo International by 7.8% in the 2nd quarter. Asset Management One Co. Ltd. now owns 20,953 shares of the medical instruments supplier’s stock valued at $17,599,000 after purchasing an additional 1,523 shares during the last quarter. Finally, Achmea Investment Management B.V. grew its stake in shares of Mettler-Toledo International by 35.7% in the 2nd quarter. Achmea Investment Management B.V. now owns 1,847 shares of the medical instruments supplier’s stock valued at $1,553,000 after purchasing an additional 486 shares during the last quarter. 98.73% of the stock is currently owned by institutional investors.

A number of research firms recently weighed in on MTD. Barclays decreased their price target on Mettler-Toledo International from $680.00 to $640.00 and set an “underweight” rating on the stock in a research note on Wednesday. ValuEngine downgraded Mettler-Toledo International from a “hold” rating to a “sell” rating in a research note on Wednesday, October 2nd. Three equities research analysts have rated the stock with a sell rating and two have assigned a hold rating to the stock. The stock currently has a consensus rating of “Sell” and an average target price of $735.33.

Mettler-Toledo International stock opened at $672.37 on Friday. The company has a debt-to-equity ratio of 2.16, a current ratio of 1.39 and a quick ratio of 0.98. Mettler-Toledo International Inc. has a 1-year low of $500.74 and a 1-year high of $873.51. The company has a market cap of $16.21 billion, a PE ratio of 33.09, a price-to-earnings-growth ratio of 2.11 and a beta of 1.37. The stock’s 50 day moving average price is $682.28 and its 200 day moving average price is $739.41.

Mettler-Toledo International (NYSE:MTD) last posted its quarterly earnings results on Thursday, August 1st. The medical instruments supplier reported $5.16 earnings per share for the quarter, beating the Zacks’ consensus estimate of $5.09 by $0.07. Mettler-Toledo International had a return on equity of 98.65% and a net margin of 18.45%. The firm had revenue of $731.00 million for the quarter, compared to the consensus estimate of $736.23 million. During the same period in the previous year, the business earned $4.65 earnings per share. The company’s revenue for the quarter was up 1.2% compared to the same quarter last year. On average, equities research analysts anticipate that Mettler-Toledo International Inc. will post 22.71 EPS for the current fiscal year.

Mettler-Toledo International Company Profile

Mettler-Toledo International Inc manufactures and supplies precision instruments and services worldwide. The company operates in five segments: U.S. Operations, Swiss Operations, Western European Operations, Chinese Operations, and Other. It offers weighing instruments for laboratory, industrial, packaging, logistics, and food retailing applications; various related analytical instruments and provides automated chemistry solutions used in drug and chemical compound discovery and development; metal detection and other end-of-line product inspection systems used in production and packaging for food processing and packaging, pharmaceutical, packaged consumer goods, and other industries; and solutions that are used in various process analytics applications.

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Institutional Ownership by Quarter for Mettler-Toledo International (NYSE:MTD)

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