Mettler-Toledo International Inc. (NYSE:MTD) Shares Purchased by Prelude Capital Management LLC

Prelude Capital Management LLC lifted its position in Mettler-Toledo International Inc. (NYSE:MTD – Get Rating) by 48.7% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 498 shares of the medical instruments supplier’s stock after purchasing an additional 163 shares during the quarter. Prelude Capital Management LLC’s holdings in Mettler-Toledo International were worth $540,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its position in Mettler-Toledo International by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 2,534,104 shares of the medical instruments supplier’s stock worth $3,479,806,000 after acquiring an additional 17,826 shares during the period. BlackRock Inc. lifted its position in Mettler-Toledo International by 2.1% during the 3rd quarter. BlackRock Inc. now owns 2,124,634 shares of the medical instruments supplier’s stock worth $2,303,358,000 after acquiring an additional 42,805 shares during the period. FMR LLC lifted its position in 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 acquiring an additional 120,718 shares during the period. Fiera Capital Corp lifted its position in Mettler-Toledo International by 0.4% during the 2nd quarter. Fiera Capital Corp now owns 563,657 shares of the medical instruments supplier’s stock worth $647,513,000 after acquiring an additional 2,432 shares during the period. Finally, Price T Rowe Associates Inc. MD lifted its position in Mettler-Toledo International by 25.6% during the 3rd quarter. Price T Rowe Associates Inc. MD now owns 258,347 shares of the medical instruments supplier’s stock worth $280,200,000 after acquiring an additional 52,603 shares during the period. 91.94% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have weighed in on MTD. StockNews.com cut Mettler-Toledo International from a “strong-buy” rating to a “buy” rating in a research report on Thursday, January 26th. TheStreet raised Mettler-Toledo International from a “c+” rating to a “b-” rating in a report on Thursday, February 2nd. Robert W. Baird raised their price target on Mettler-Toledo International from $1,284.00 to $1,513.00 and gave the company a “neutral” rating in a report on Monday, February 13th. Wells Fargo & Company raised their price target on Mettler-Toledo International from $1,650.00 to $1,675.00 and gave the company an “overweight” rating in a report on Monday, February 13th. Finally, JPMorgan Chase & Co. raised Mettler-Toledo International from an “underweight” rating to a “neutral” rating and raised their price target for the company from $1,100.00 to $1,350.00 in a report on Monday, December 19th. Five analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, Mettler-Toledo International has a consensus rating of “Hold” and a consensus price target of $1,450.71.

Mettler-Toledo International Stock Performance

NYSE MTD opened at $1,433.25 on Monday. Mettler-Toledo International Inc. has a 1-year low of $1,065.55 and a 1-year high of $1,609.25. The company has a market capitalization of $31.69 billion, a P/E ratio of 37.27, a PEG ratio of 2.35 and a beta of 1.18. The business has a 50 day moving average price of $1,510.90 and a 200 day moving average price of $1,374.95. The company has a debt-to-equity ratio of 76.98, a current ratio of 1.20 and a quick ratio of 0.81.

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

Insiders Place Their Bets

In other Mettler-Toledo International news, Director Wah-Hui Chu sold 300 shares of the firm’s stock in a transaction on Thursday, March 2nd. The stock was sold at an average price of $1,450.00, for a total transaction of $435,000.00. Following the completion of the transaction, the director now owns 4,290 shares of the company’s stock, valued at $6,220,500. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, CFO Shawn Vadala sold 1,892 shares of Mettler-Toledo International stock in a transaction on Monday, February 13th. The stock was sold at an average price of $1,550.37, for a total value of $2,933,300.04. Following the completion of the sale, the chief financial officer now owns 4,900 shares of the company’s stock, valued at $7,596,813. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Wah-Hui Chu sold 300 shares of Mettler-Toledo International stock in a transaction on Thursday, March 2nd. The shares were sold at an average price of $1,450.00, for a total value of $435,000.00. Following the completion of the sale, the director now directly owns 4,290 shares of the company’s stock, valued at approximately $6,220,500. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 18,022 shares of company stock valued at $26,391,416. Corporate insiders own 2.80% of the company’s stock.

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.