Dark Forest Capital Management LP acquires 451 shares of Mettler-Toledo International Inc. (NYSE:MTD)

Dark Forest Capital Management LP bought a new position in shares of Mettler-Toledo International Inc. (NYSE:MTD – Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 451 shares of the medical instruments supplier’s stock, valued at approximately $630,000.

A number of other hedge funds have also recently modified their holdings of the stock. Decatur Capital Management Inc. raised its stake in Mettler-Toledo International by 2.6% in the second quarter. Decatur Capital Management Inc. now owns 1,074 shares of the medical instruments supplier’s stock worth $1,501,000 after purchasing an additional 27 shares in the last quarter. APG Asset Management NV boosted its position in shares of Mettler-Toledo International by 34.3% during the 2nd quarter. APG Asset Management NV now owns 15,973 shares of the medical instruments supplier’s stock worth $20,829,000 after acquired an additional 4,080 shares in the last quarter. APG Asset Management US Inc. raised its stake in Mettler-Toledo International by 2.0% in the second quarter. APG Asset Management US Inc. now owns 4,695 shares of the medical instruments supplier’s stock worth $6,417,000 after acquiring an additional 90 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. raised its stake in Mettler-Toledo International by 377.5% in the second quarter. Point72 Asia Singapore Pte. Ltd. now owns 2,970 shares of the medical instruments supplier’s stock valued at $4,150,000 after purchasing an additional 2,348 shares in the last quarter. Finally, Point72 Hong Kong Ltd raised its position in Mettler-Toledo International by 172.8% during the second quarter. Point72 Hong Kong Ltd now owns 3,866 shares of the medical instruments supplier’s stock valued at $5,403,000 after purchasing an additional 2,449 shares during the last quarter. Institutional investors own 95.07% of the company’s shares.

Indoor activity

In related news, insider Christian Magloth sold 1,000 shares of Mettler-Toledo International stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $1,422.97, for a total value of $1,422,970.00. Following the transaction, the insider now directly owns 734 shares of the company’s stock, valued at $1,044,459.98. The transaction was disclosed in a legal filing with the SEC, which is available via this hyperlink. In other news, CFO Shawn Vadala sold 250 shares of Mettler-Toledo International stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $1,401.00, for a total value of $350,250.00. Following the completion of the transaction, the chief financial officer now directly owns 4,914 shares of the company’s stock, valued at approximately $6,884,514. The transaction was disclosed in a filing with the SEC, which is accessible via this hyperlink. Also, insider Christian Magloth sold 1,000 shares of the company’s stock in a transaction dated 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 sale, the insider now owns 734 shares in the company, valued at approximately $1,044,459.98. The disclosure for this sale can be found here. Insiders own 1.94% of the company’s shares.

Mettler-Toledo International Price Performance

NYSE:MTD opened at $1,491.27 on Friday. Mettler-Toledo International Inc. has a one year low of $928.49 and a one year high of $1,546.93. The company has a market cap of $31.85 billion, a PE ratio of 41.82, a P/E/G ratio of 3.75 and a beta of 1.14. The company’s 50-day simple moving average is $1,411.64 and its 200-day simple moving average is $1,377.78.

Mettler-Toledo International (NYSE:MTD – Get Your Free Report ) last issued its quarterly earnings data on Thursday, August 1st. The medical instruments supplier reported $9.65 earnings per share for the quarter, topping the consensus estimate of $9.00 by $0.65. The company had revenue of $946.75 million for the quarter, compared to analysts’ expectations of $929.13 million. Mettler-Toledo International had a net margin of 20.95% and a negative return on equity of 575.61%. Mettler-Toledo International’s revenue for the quarter was down 3.6% on a year-over-year basis. In the same quarter last year, the firm posted earnings of $10.19 per share. Equities research analysts expect that Mettler-Toledo International Inc. to record 40.35 EPS for the current year.

Analyst upgrades and downgrades

MTD has been the subject of several recent analyst reports. StockNews.com upgraded Mettler-Toledo International from a “hold” rating to a “buy” rating in a research note on Thursday, July 11th. Wells Fargo & Company initiated coverage on Mettler-Toledo International in a research note on Tuesday, August 27th. They set an “equal weight” rating and a $1,400.00 price target for the company. Stifel Nicolaus upped their target price on shares of Mettler-Toledo International from $1,510.00 to $1,550.00 and gave the company a “buy” rating in a research note on Monday, August 5th. Evercore ISI lifted their target price on shares of Mettler-Toledo International from $1,375.00 to $1,390.00 and gave the company an “in-line” rating in a report on Tuesday, July 2nd. Finally, Goldman Sachs Group upped their price objective on shares of Mettler-Toledo International from $1,150.00 to $1,300.00 and gave the company a “neutral” rating in a research note on Tuesday. July 9. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $1,356.25, according to MarketBeat.

See the latest stock analysis on Mettler-Toledo International

Mettler-Toledo International Company Profile

(Free Report)

Mettler-Toledo International Inc manufactures and supplies precision instruments and services in the Americas, Europe, Asia and internationally. It operates through five segments: US Operations, Swiss Operations, Western European Operations, China Operations and Others. The company’s laboratory instruments include laboratory balances, liquid pipetting solutions, automated laboratory reactors, real-time analysis, titrators, pH meters, process analysis sensors and analysis technologies, physical value analyzers, density and refractometry , thermal analysis systems and other analytical tools; and LabX, a laboratory software platform for managing and analyzing data generated by its instruments. Its industrial tools include industrial weighing instruments and related terminals, automated dimensional measurement and data capture solutions, vehicle weighing systems, industrial software, metal detection equipment, X-ray systems, checkweighing equipment, imaging equipment camera-based, track and trace solutions and product inspection systems.

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