QRG Capital Management Inc. Has $573,000 Stake in Mettler-Toledo International Inc. (NYSE:MTD)

QRG Capital Management Inc. increased its holdings in shares of Mettler-Toledo International Inc. (NYSE:MTD) by 9.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 382 shares of the medical instruments supplier’s stock after purchasing an additional 32 shares during the quarter. QRG Capital Management Inc.’s holdings in Mettler-Toledo International were worth $573,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Asset Management One Co. Ltd. raised its position in Mettler-Toledo International by 4.6% during the third quarter. Asset Management One Co. Ltd. now owns 18,545 shares of the medical instruments supplier’s stock worth $27,812,000 after acquiring an additional 813 shares in the last quarter. National Pension Service raised its position in Mettler-Toledo International by 8.0% during the third quarter. National Pension Service now owns 34,039 shares of the medical instruments supplier’s stock worth $51,048,000 after acquiring an additional 2,521 shares in the last quarter. Donaldson Capital Management LLC raised its position in Mettler-Toledo International by 2.2% during the third quarter. Donaldson Capital Management LLC now owns 3,182 shares of the medical instruments supplier’s stock worth $4,772,000 after acquiring an additional 68 shares in the last quarter. Robeco Institutional Asset Management B.V. raised its position in Mettler-Toledo International by 46.9% during the third quarter. Robeco Institutional Asset Management B.V. now owns 29,136 shares of the medical instruments supplier’s stock worth $43,695,000 after acquiring an additional 9,306 shares in the last quarter. Finally, AustralianSuper Pty Ltd raised its position in Mettler-Toledo International by 319.8% during the third quarter. AustralianSuper Pty Ltd now owns 2,183 shares of the medical instruments supplier’s stock worth $3,274,000 after acquiring an additional 1,663 shares in the last quarter. 95.07% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts have issued reports on MTD shares. JPMorgan Chase & Co. upped their price target on shares of Mettler-Toledo International from $1,300.00 to $1,400.00 and gave the stock a “neutral” rating in a research report on Monday, August 5th. Evercore ISI raised their target price on shares of Mettler-Toledo International from $1,375.00 to $1,450.00 and gave the stock an “in-line” rating in a research note on Tuesday, October 1st. Wells Fargo & Company assumed coverage on shares of Mettler-Toledo International in a research note on Tuesday, August 27th. They set an “equal weight” rating and a $1,400.00 target price for the company. Finally, Stifel Nicolaus lifted their price objective on shares of Mettler-Toledo International from $1,510.00 to $1,550.00 and gave the stock a “buy” rating in a research note on Monday, August 5th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Mettler-Toledo International presently has an average rating of “Hold” and a consensus target price of $1,363.75.

Mettler-Toledo International Stock Down 7.2 %

Shares of Mettler-Toledo International stock opened at $1,310.03 on Friday. The company has a 50-day simple moving average of $1,398.01 and a two-hundred day simple moving average of $1,400.25. The stock has a market capitalization of $27.80 billion, a price-to-earnings ratio of 36.05, a price-to-earnings-growth ratio of 4.09 and a beta of 1.16. Mettler-Toledo International Inc. has a twelve month low of $953.28 and a twelve month high of $1,546.93.

Mettler-Toledo International (NYSE:MTD) last issued its earnings results on Thursday, November 7th. The medical instruments supplier reported $10.21 EPS for the quarter, beating the consensus estimate of $10.00 by $0.21. The company had revenue of $954.54 million during the quarter, compared to analysts’ expectations of $941.93 million. Mettler-Toledo International had a net margin of 20.95% and a negative return on equity of 575.61%. On average, sell-side analysts anticipate that Mettler-Toledo International Inc. will post 40.34 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Christian Magloth sold 1,000 shares of the business’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $1,422.97, for a total value of $1,422,970.00. Following the completion of the transaction, the insider now directly owns 734 shares in the company, valued at approximately $1,044,459.98. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.94% of the company’s stock.

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.