Should You Consider Adding Mettler-Toledo International Inc. (MTD) to Your Portfolio?

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Consequently, some big names were leading the bulls’ herd. Columbus Circle Investors, managed by Principal Global Investors, assembled the largest position in Mettler-Toledo International Inc. (NYSE:MTD). Columbus Circle Investors had $9.4 million invested in the company at the end of the quarter. John Overdeck and David Siegel’s Two Sigma Advisors also initiated a $5.7 million position during the quarter. The other funds with brand new MTD positions are Alec Litowitz and Ross Laser’s Magnetar Capital, Mike Vranos’ Ellington, and Benjamin A. Smith’s Laurion Capital Management.

Let’s also examine hedge fund activity in other stocks – not necessarily in the same industry as Mettler-Toledo International Inc. (NYSE:MTD) but similarly valued. These stocks are Total System Services, Inc. (NYSE:TSS), CNH Industrial NV (NYSE:CNHI), Kansas City Southern (NYSE:KSU), and Restaurant Brands International Inc (NYSE:QSR). This group of stocks’ market caps are similar to MTD’s market cap.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
TSS 32 430356 0
CNHI 15 406927 -1
KSU 35 907194 0
QSR 32 3143758 1

As you can see these stocks had an average of 28.5 hedge funds with bullish positions and the average amount invested in these stocks was $1.22 billion. That figure was $485 million in MTD’s case. Kansas City Southern (NYSE:KSU) is the most popular stock in this table. On the other hand CNH Industrial NV (NYSE:CNHI) is the least popular one with only 15 bullish hedge fund positions. Mettler-Toledo International Inc. (NYSE:MTD) is not the least popular stock in this group but hedge fund interest is still below average. This is a slightly negative signal and we’d rather spend our time researching stocks that hedge funds are piling on. In this regard KSU might be a better candidate to consider for a long position.

Disclosure: None

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