Gladius Capital Management LP Has $45,000 Holdings in Mettler-Toledo International Inc. (NYSE:MTD)

Gladius Capital Management LP raised its holdings in Mettler-Toledo International Inc. (NYSE:MTD) by 54.2% during the fourth quarter, HoldingsChannel.com reports. The fund owned 37 shares of the medical instruments supplier’s stock after purchasing an additional 13 shares during the period. Gladius Capital Management LP’s holdings in Mettler-Toledo International were worth $45,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the business. Caprock Group LLC grew its holdings in shares of Mettler-Toledo International by 450.2% during the 4th quarter. Caprock Group LLC now owns 1,733 shares of the medical instruments supplier’s stock valued at $2,102,000 after purchasing an additional 1,418 shares during the last quarter. Oak Thistle LLC acquired a new position in shares of Mettler-Toledo International during the fourth quarter worth $1,419,000. TD Asset Management Inc lifted its stake in shares of Mettler-Toledo International by 2.9% in the 3rd quarter. TD Asset Management Inc now owns 41,643 shares of the medical instruments supplier’s stock valued at $46,143,000 after acquiring an additional 1,180 shares during the last quarter. International Assets Investment Management LLC boosted its holdings in shares of Mettler-Toledo International by 109,458.1% during the 4th quarter. International Assets Investment Management LLC now owns 67,926 shares of the medical instruments supplier’s stock valued at $82,392,000 after acquiring an additional 67,864 shares in the last quarter. Finally, Atlantic Union Bankshares Corp grew its position in Mettler-Toledo International by 7.1% during the 4th quarter. Atlantic Union Bankshares Corp now owns 1,247 shares of the medical instruments supplier’s stock worth $1,513,000 after acquiring an additional 83 shares during the last quarter. Institutional investors and hedge funds own 95.07% of the company’s stock.

Mettler-Toledo International Stock Performance

Shares of MTD stock traded up $37.29 on Thursday, hitting $1,290.42. The company had a trading volume of 170,011 shares, compared to its average volume of 138,739. The stock’s 50-day moving average is $1,282.67 and its two-hundred day moving average is $1,188.88. The firm has a market cap of $27.60 billion, a P/E ratio of 35.95, a P/E/G ratio of 3.42 and a beta of 1.16. Mettler-Toledo International Inc. has a twelve month low of $928.49 and a twelve month high of $1,411.61.

Mettler-Toledo International (NYSE:MTD) last released its earnings results on Thursday, May 9th. The medical instruments supplier reported $8.89 earnings per share for the quarter, beating analysts’ consensus estimates of $7.63 by $1.26. The business had revenue of $925.95 million during the quarter, compared to the consensus estimate of $879.72 million. Mettler-Toledo International had a net margin of 20.82% and a negative return on equity of 904.59%. The company’s revenue for the quarter was down .3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $8.69 EPS. Equities research analysts predict that Mettler-Toledo International Inc. will post 39.9 EPS for the current year.

Analysts Set New Price Targets

MTD has been the subject of several research reports. StockNews.com upgraded Mettler-Toledo International from a “hold” rating to a “buy” rating in a research report on Monday, April 29th. Evercore ISI raised their price objective on shares of Mettler-Toledo International from $1,200.00 to $1,300.00 and gave the company an “in-line” rating in a report on Thursday, April 4th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have given 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 an average target price of $1,191.57.

Insider Activity at Mettler-Toledo International

In other Mettler-Toledo International news, insider Christian Magloth sold 400 shares of the stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $1,278.73, for a total transaction of $511,492.00. Following the completion of the sale, the insider now directly owns 734 shares in the company, valued at approximately $938,587.82. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, Director Elisha W. Finney sold 251 shares of the stock in a transaction on Monday, February 12th. The shares were sold at an average price of $1,177.35, for a total transaction of $295,514.85. Following the transaction, the director now directly owns 316 shares of the company’s stock, valued at $372,042.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Christian Magloth sold 400 shares of Mettler-Toledo International stock in a transaction on Monday, March 4th. The shares were sold at an average price of $1,278.73, for a total transaction of $511,492.00. Following the completion of the sale, the insider now directly owns 734 shares of the company’s stock, valued at $938,587.82. The disclosure for this sale can be found here. Insiders have sold a total of 951 shares of company stock worth $1,170,256 over the last quarter. Company 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.Its industrial instruments comprise industrial weighing instruments and related terminals, automatic dimensional measurement and data capture solutions, vehicle scale systems, industrial software, metal detection equipment, x-ray systems, check weighing equipment, camera-based imaging equipment, track-and-trace solutions, and product inspection systems.