V Square Quantitative Management LLC Makes New $733,000 Investment in Mettler-Toledo International, Inc. $MTD

V Square Quantitative Management LLC bought a new stake in Mettler-Toledo International, Inc. (NYSE:MTD) in the 4th quarter, HoldingsChannel reports. The institutional investor bought 526 shares of the medical instruments supplier’s stock, valued at approximately $733,000.

A number of other institutional investors and hedge funds also recently modified their holdings of MTD. Geneos Wealth Management Inc. lifted its holdings in Mettler-Toledo International by 83.3% during the first quarter. Geneos Wealth Management Inc. now owns 66 shares of the medical instruments supplier’s stock worth $78,000 after acquiring an additional 30 shares during the period. Baird Financial Group Inc. lifted its holdings in Mettler-Toledo International by 3.1% during the second quarter. Baird Financial Group Inc. now owns 1,347 shares of the medical instruments supplier’s stock worth $1,582,000 after acquiring an additional 40 shares during the period. Jump Financial LLC lifted its holdings in Mettler-Toledo International by 44.6% during the second quarter. Jump Financial LLC now owns 405 shares of the medical instruments supplier’s stock worth $476,000 after acquiring an additional 125 shares during the period. Cerity Partners LLC lifted its holdings in Mettler-Toledo International by 10.8% during the second quarter. Cerity Partners LLC now owns 4,035 shares of the medical instruments supplier’s stock worth $4,740,000 after acquiring an additional 392 shares during the period. Finally, California Public Employees Retirement System lifted its stake in Mettler-Toledo International by 2.9% in the second quarter. California Public Employees Retirement System now owns 35,279 shares of the medical instruments supplier’s stock valued at $41,443,000 after purchasing an additional 997 shares during the last quarter. 95.07% of the stock is owned by hedge funds and other institutional investors.

Mettler-Toledo International Stock Performance

Shares of NYSE MTD opened at $1,330.10 on Friday. Mettler-Toledo International, Inc. has a fifty-two week low of $962.54 and a fifty-two week high of $1,525.17. The company has a 50 day simple moving average of $1,302.70 and a two-hundred day simple moving average of $1,363.84. The company has a market capitalization of $26.93 billion, a price-to-earnings ratio of 31.58, a P/E/G ratio of 2.77 and a beta of 1.43.

Mettler-Toledo International (NYSE:MTD) last announced its quarterly earnings results on Friday, February 6th. The medical instruments supplier reported $13.36 earnings per share for the quarter, beating the consensus estimate of $12.76 by $0.60. The company had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.10 billion. Mettler-Toledo International had a net margin of 21.59% and a negative return on equity of 495.07%. The firm’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same quarter last year, the firm earned $12.41 earnings per share. On average, analysts forecast that Mettler-Toledo International, Inc. will post 42.71 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Mettler-Toledo International news, CFO Shawn Vadala sold 800 shares of Mettler-Toledo International stock in a transaction that occurred on Tuesday, February 10th. The shares were sold at an average price of $1,410.12, for a total value of $1,128,096.00. Following the completion of the sale, the chief financial officer owned 5,288 shares of the company’s stock, valued at approximately $7,456,714.56. The trade was a 13.14% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.71% of the company’s stock.

Analyst Upgrades and Downgrades

MTD has been the subject of several research analyst reports. Bank of America raised Mettler-Toledo International from a “neutral” rating to a “buy” rating and set a $1,600.00 price objective for the company in a research note on Monday, December 15th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Mettler-Toledo International in a research note on Monday, December 29th. Jefferies Financial Group upgraded shares of Mettler-Toledo International from a “hold” rating to a “buy” rating and increased their target price for the stock from $1,400.00 to $1,450.00 in a report on Friday, March 20th. Wells Fargo & Company increased their target price on shares of Mettler-Toledo International from $1,400.00 to $1,450.00 and gave the stock an “equal weight” rating in a report on Monday, December 15th. Finally, Barclays lowered their price objective on shares of Mettler-Toledo International from $1,600.00 to $1,550.00 and set an “overweight” rating for the company in a report on Monday, December 15th. Seven research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, Mettler-Toledo International has a consensus rating of “Moderate Buy” and an average target price of $1,463.75.

About Mettler-Toledo International

Mettler-Toledo International Inc is a global manufacturer and distributor of precision instruments and services for laboratory, industrial and food retail applications. The company’s product portfolio includes laboratory balances and analytical instruments, industrial weighing systems, process analytics and sensors, metal detection and x-ray inspection equipment, checkweighers, and a range of automated inspection and data-management solutions. Mettler-Toledo also provides software, calibration and lifecycle services intended to support compliance, quality control and operational efficiency across customer facilities.

The company serves a broad set of end markets including pharmaceutical and biotech laboratories, chemical and food processors, logistics and manufacturing operations, and retail environments where accurate weighing and inspection are critical.