Algert Global LLC Makes New $4.81 Million Investment in Mettler-Toledo International Inc. (NYSE:MTD)

Algert Global LLC purchased a new stake in Mettler-Toledo International Inc. (NYSE:MTD) during the third quarter, Holdings Channel reports. The firm purchased 3,205 shares of the medical instruments supplier’s stock, valued at approximately $4,807,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Family Firm Inc. acquired a new stake in shares of Mettler-Toledo International in the 2nd quarter worth $25,000. Blue Trust Inc. raised its stake in Mettler-Toledo International by 242.9% in the 3rd quarter. Blue Trust Inc. now owns 24 shares of the medical instruments supplier’s stock worth $34,000 after acquiring an additional 17 shares during the last quarter. Ashton Thomas Securities LLC purchased a new position in shares of Mettler-Toledo International in the third quarter worth about $37,000. Rothschild Investment LLC acquired a new stake in Mettler-Toledo International during the 2nd quarter valued at approximately $42,000. Finally, Itau Unibanco Holding S.A. acquired a new position in Mettler-Toledo International during the second quarter valued at $42,000. Hedge funds and other institutional investors own 95.07% of the company’s stock.

Mettler-Toledo International Price Performance

NYSE MTD opened at $1,217.97 on Monday. The stock has a market capitalization of $25.70 billion, a P/E ratio of 32.84, a PEG ratio of 4.02 and a beta of 1.16. The firm’s 50-day moving average is $1,361.85 and its two-hundred day moving average is $1,399.98. Mettler-Toledo International Inc. has a 12 month low of $1,059.08 and a 12 month high of $1,546.93.

Mettler-Toledo International (NYSE:MTD) last issued its quarterly earnings data on Thursday, November 7th. The medical instruments supplier reported $10.21 EPS for the quarter, topping the consensus estimate of $10.00 by $0.21. Mettler-Toledo International had a net margin of 21.15% and a negative return on equity of 531.78%. The firm had revenue of $954.54 million for the quarter, compared to analyst estimates of $941.93 million. As a group, analysts anticipate that Mettler-Toledo International Inc. will post 40.39 EPS for the current year.

Analysts Set New Price Targets

Several research analysts recently weighed in on MTD shares. Stifel Nicolaus reduced their price target on Mettler-Toledo International from $1,550.00 to $1,450.00 and set a “buy” rating for the company in a research report on Monday, November 11th. JPMorgan Chase & Co. boosted their target price on shares of Mettler-Toledo International from $1,300.00 to $1,400.00 and gave the company a “neutral” rating in a research note on Monday, August 5th. 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 report on Monday, November 11th. Wells Fargo & Company decreased their price objective on shares of Mettler-Toledo International from $1,400.00 to $1,350.00 and set an “equal weight” rating for the company in a research report on Monday, November 11th. Finally, Evercore ISI raised their target price on Mettler-Toledo International from $1,375.00 to $1,450.00 and gave the company an “in-line” rating in a research report on Tuesday, October 1st. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $1,338.75.

Insiders Place Their Bets

In related news, Director Elisha W. Finney sold 76 shares of the stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $1,311.75, for a total transaction of $99,693.00. Following the transaction, the director now owns 240 shares of the company’s stock, valued at approximately $314,820. This represents a 24.05 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.94% of the stock is owned by insiders.

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.