198 Shares in Mettler-Toledo International Inc. (NYSE:MTD) Purchased by Boothbay Fund Management LLC

Boothbay Fund Management LLC acquired a new stake in Mettler-Toledo International Inc. (NYSE:MTDGet Rating) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 198 shares of the medical instruments supplier’s stock, valued at approximately $215,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in MTD. FMR LLC grew its position in shares of Mettler-Toledo International by 18.0% during the 2nd quarter. FMR LLC now owns 790,953 shares of the medical instruments supplier’s stock worth $908,622,000 after buying an additional 120,718 shares during the period. Renaissance Technologies LLC grew its position in shares of Mettler-Toledo International by 376.1% during the 2nd quarter. Renaissance Technologies LLC now owns 111,400 shares of the medical instruments supplier’s stock worth $127,973,000 after buying an additional 88,000 shares during the period. Citadel Advisors LLC grew its position in shares of Mettler-Toledo International by 1,529.0% during the 2nd quarter. Citadel Advisors LLC now owns 76,809 shares of the medical instruments supplier’s stock worth $88,236,000 after buying an additional 72,094 shares during the period. Massachusetts Financial Services Co. MA grew its position in shares of Mettler-Toledo International by 59.6% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 106,903 shares of the medical instruments supplier’s stock worth $122,807,000 after buying an additional 39,929 shares during the period. Finally, Eagle Asset Management Inc. acquired a new stake in shares of Mettler-Toledo International during the 2nd quarter worth approximately $44,351,000. Institutional investors and hedge funds own 91.94% of the company’s stock.

Insider Buying and Selling

In related news, Director Olivier A. Filliol sold 10,000 shares of the business’s stock in a transaction on Tuesday, February 28th. The shares were sold at an average price of $1,433.61, for a total transaction of $14,336,100.00. Following the transaction, the director now directly owns 71 shares in the company, valued at $101,786.31. The sale was disclosed in a filing with the SEC, which is available through this link. In related news, Director Olivier A. Filliol sold 10,000 shares of the business’s stock in a transaction on Tuesday, February 28th. The shares were sold at an average price of $1,433.61, for a total transaction of $14,336,100.00. Following the transaction, the director now directly owns 71 shares in the company, valued at $101,786.31. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Gerry Keller sold 474 shares of the business’s stock in a transaction on Monday, February 13th. The stock was sold at an average price of $1,540.69, for a total transaction of $730,287.06. Following the transaction, the insider now owns 449 shares in the company, valued at $691,769.81. The disclosure for this sale can be found here. Over the last three months, insiders have sold 17,722 shares of company stock worth $25,956,416. Insiders own 2.80% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on MTD shares. JPMorgan Chase & Co. raised shares of Mettler-Toledo International from an “underweight” rating to a “neutral” rating and lifted their price objective for the stock from $1,100.00 to $1,350.00 in a research note on Monday, December 19th. Robert W. Baird lifted their price objective on shares of Mettler-Toledo International from $1,284.00 to $1,513.00 and gave the stock a “neutral” rating in a research note on Monday, February 13th. TheStreet raised shares of Mettler-Toledo International from a “c+” rating to a “b-” rating in a research note on Thursday, February 2nd. The Goldman Sachs Group raised shares of Mettler-Toledo International from a “sell” rating to a “neutral” rating and lifted their price target for the company from $1,120.00 to $1,355.00 in a research note on Tuesday, November 8th. Finally, Wells Fargo & Company lifted their price target on shares of Mettler-Toledo International from $1,650.00 to $1,675.00 and gave the company an “overweight” rating in a research note on Monday, February 13th. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $1,450.71.

Mettler-Toledo International Price Performance

NYSE MTD opened at $1,508.64 on Monday. The company has a quick ratio of 0.81, a current ratio of 1.20 and a debt-to-equity ratio of 76.98. Mettler-Toledo International Inc. has a 12-month low of $1,065.55 and a 12-month high of $1,609.25. The company has a market capitalization of $33.36 billion, a PE ratio of 39.23, a price-to-earnings-growth ratio of 2.47 and a beta of 1.18. The firm’s 50 day moving average is $1,507.91 and its 200-day moving average is $1,369.33.

Mettler-Toledo International (NYSE:MTDGet Rating) last posted its quarterly earnings data on Friday, February 10th. The medical instruments supplier reported $12.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $11.63 by $0.47. Mettler-Toledo International had a net margin of 22.26% and a return on equity of 10,609.85%. The company had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.03 billion. During the same period last year, the company earned $10.53 earnings per share. The firm’s revenue was up 2.0% compared to the same quarter last year. Equities research analysts anticipate that Mettler-Toledo International Inc. will post 44 earnings per share for the current fiscal year.

About Mettler-Toledo International

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Mettler-Toledo International, Inc engages in the provision of precision instruments and services. The firm manufactures weighing instruments for use in laboratory, industrial, packaging, logistics, and food retailing applications. It also manufactures several related analytical instruments and provides automated chemistry solutions used in drug and chemical compound discovery and development, metal detection and other end-of-line inspection systems used in production and packaging and provides solutions for use in certain process analytics applications.

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

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