Duality Advisers LP Purchases 169 Shares of Mettler-Toledo International Inc. (NYSE:MTD)

Duality Advisers LP lifted its position in shares of Mettler-Toledo International Inc. (NYSE:MTD) by 14.4% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,345 shares of the medical instruments supplier’s stock after buying an additional 169 shares during the quarter. Duality Advisers LP’s holdings in Mettler-Toledo International were worth $1,631,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of MTD. International Assets Investment Management LLC lifted its position in shares of Mettler-Toledo International by 109,458.1% in the fourth quarter. International Assets Investment Management LLC now owns 67,926 shares of the medical instruments supplier’s stock valued at $82,392,000 after acquiring an additional 67,864 shares in the last quarter. Comgest Global Investors S.A.S. boosted its stake in Mettler-Toledo International by 2,689.3% in the 3rd quarter. Comgest Global Investors S.A.S. now owns 52,579 shares of the medical instruments supplier’s stock worth $58,261,000 after purchasing an additional 50,694 shares during the period. iA Global Asset Management Inc. boosted its stake in Mettler-Toledo International by 6,844.3% in the 3rd quarter. iA Global Asset Management Inc. now owns 48,957 shares of the medical instruments supplier’s stock worth $54,248,000 after purchasing an additional 48,252 shares during the period. Martin Currie Ltd. grew its holdings in Mettler-Toledo International by 108.5% during the 3rd quarter. Martin Currie Ltd. now owns 90,903 shares of the medical instruments supplier’s stock valued at $100,727,000 after buying an additional 47,306 shares in the last quarter. Finally, Impax Asset Management Group plc raised its position in shares of Mettler-Toledo International by 30.3% during the third quarter. Impax Asset Management Group plc now owns 180,977 shares of the medical instruments supplier’s stock valued at $200,535,000 after buying an additional 42,120 shares during the last quarter. Institutional investors own 95.07% of the company’s stock.

Insider Activity

In other news, insider Christian Magloth sold 400 shares of the business’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $1,278.73, for a total transaction of $511,492.00. Following the transaction, the insider now owns 734 shares of the company’s stock, valued at approximately $938,587.82. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Mettler-Toledo International news, Director Elisha W. Finney sold 251 shares of the firm’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $1,177.35, for a total value of $295,514.85. Following the completion of the sale, the director now owns 316 shares of the company’s stock, valued at $372,042.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Christian Magloth sold 400 shares of the business’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $1,278.73, for a total value of $511,492.00. Following the transaction, the insider now owns 734 shares of the company’s stock, valued at approximately $938,587.82. The disclosure for this sale can be found here. Insiders sold 951 shares of company stock valued at $1,170,256 in the last ninety days. Insiders own 1.94% of the company’s stock.

Mettler-Toledo International Stock Up 0.9 %

MTD stock opened at $1,199.46 on Tuesday. Mettler-Toledo International Inc. has a 52 week low of $928.49 and a 52 week high of $1,574.26. The firm has a market capitalization of $25.66 billion, a P/E ratio of 33.42, a price-to-earnings-growth ratio of 3.25 and a beta of 1.15. The company has a fifty day simple moving average of $1,269.81 and a two-hundred day simple moving average of $1,172.97.

Mettler-Toledo International (NYSE:MTD) last announced its quarterly earnings results on Friday, February 9th. The medical instruments supplier reported $9.40 EPS for the quarter, missing analysts’ consensus estimates of $10.32 by ($0.92). The business had revenue of $934.90 million during the quarter, compared to the consensus estimate of $959.45 million. Mettler-Toledo International had a net margin of 20.82% and a negative return on equity of 904.59%. The firm’s revenue was down 11.6% on a year-over-year basis. During the same period in the previous year, the business posted $12.10 EPS. As a group, analysts anticipate that Mettler-Toledo International Inc. will post 39.9 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on MTD shares. Evercore ISI raised their target price on shares of Mettler-Toledo International from $1,200.00 to $1,300.00 and gave the company an “in-line” rating in a research note on Thursday, April 4th. StockNews.com downgraded shares of Mettler-Toledo International from a “buy” rating to a “hold” rating in a report on Thursday, April 18th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $1,233.25.

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.Its industrial instruments comprise industrial weighing instruments and related terminals, automatic dimensional measurement and data capture solutions, vehicle scale systems, industrial software, metal detection equipment, x-ray systems, check weighing equipment, camera-based imaging equipment, track-and-trace solutions, and product inspection systems.