Mettler-Toledo International, Inc. (NYSE:MTD) Shares Bought by Mn Services Vermogensbeheer B.V.

Mn Services Vermogensbeheer B.V. boosted its stake in Mettler-Toledo International, Inc. (NYSE:MTD) by 502.9% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,220 shares of the medical instruments supplier’s stock after buying an additional 3,520 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in Mettler-Toledo International were worth $2,484,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Highland Capital Management LLC acquired a new stake in shares of Mettler-Toledo International during the first quarter worth $299,000. Legacy Private Trust Co. boosted its stake in shares of Mettler-Toledo International by 3.4% in the first quarter. Legacy Private Trust Co. now owns 10,049 shares of the medical instruments supplier’s stock worth $4,813,000 after buying an additional 327 shares during the period. Gulf International Bank UK Ltd boosted its stake in shares of Mettler-Toledo International by 1.4% in the first quarter. Gulf International Bank UK Ltd now owns 8,168 shares of the medical instruments supplier’s stock worth $3,911,000 after buying an additional 110 shares during the period. Creative Planning boosted its stake in shares of Mettler-Toledo International by 7.4% in the first quarter. Creative Planning now owns 1,151 shares of the medical instruments supplier’s stock worth $551,000 after buying an additional 79 shares during the period. Finally, Contravisory Investment Management Inc. purchased a new position in shares of Mettler-Toledo International during the first quarter worth approximately $264,000. 96.22% of the stock is owned by institutional investors.

Mettler-Toledo International, Inc. (MTD) traded up 1.11% during midday trading on Friday, reaching $577.58. 141,233 shares of the company’s stock were exchanged. Mettler-Toledo International, Inc. has a 1-year low of $386.01 and a 1-year high of $618.13. The firm’s 50-day moving average is $591.25 and its 200 day moving average is $529.09. The stock has a market cap of $14.83 billion, a P/E ratio of 35.52 and a beta of 1.13.

Mettler-Toledo International (NYSE:MTD) last released its earnings results on Thursday, July 27th. The medical instruments supplier reported $3.92 EPS for the quarter, topping analysts’ consensus estimates of $3.89 by $0.03. The firm had revenue of $653.70 million for the quarter, compared to analysts’ expectations of $646.68 million. Mettler-Toledo International had a return on equity of 95.28% and a net margin of 16.60%. The company’s quarterly revenue was up 7.5% on a year-over-year basis. During the same period in the prior year, the firm posted $3.22 earnings per share. Equities analysts anticipate that Mettler-Toledo International, Inc. will post $16.89 earnings per share for the current fiscal year.

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MTD has been the topic of a number of recent analyst reports. BidaskClub upgraded shares of Mettler-Toledo International from a “buy” rating to a “strong-buy” rating in a research note on Thursday, June 22nd. Cleveland Research upgraded shares of Mettler-Toledo International from a “neutral” rating to a “buy” rating in a research note on Wednesday, April 19th. Bank of America Corporation upped their target price on shares of Mettler-Toledo International from $590.00 to $630.00 and gave the stock a “buy” rating in a research report on Wednesday, May 31st. Zacks Investment Research upgraded shares of Mettler-Toledo International from a “hold” rating to a “buy” rating and set a $664.00 target price for the company in a research report on Thursday, June 22nd. Finally, Wells Fargo & Company upgraded shares of Mettler-Toledo International from a “market perform” rating to an “outperform” rating in a research report on Wednesday, July 12th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $569.80.

In other news, insider William P. Donnelly sold 2,845 shares of the firm’s stock in a transaction dated Thursday, August 3rd. The stock was sold at an average price of $576.92, for a total value of $1,641,337.40. Following the transaction, the insider now owns 2,345 shares of the company’s stock, valued at $1,352,877.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Thomas Caratsch sold 2,000 shares of the firm’s stock in a transaction dated Monday, May 15th. The stock was sold at an average price of $557.00, for a total value of $1,114,000.00. Following the completion of the transaction, the insider now directly owns 2,770 shares in the company, valued at approximately $1,542,890. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 23,996 shares of company stock worth $13,673,195. Corporate insiders own 5.20% of the company’s stock.

Mettler-Toledo International Company Profile

Mettler-Toledo International Inc is a supplier of precision instruments and services. The Company operates through five segments: U.S. Operations, Swiss Operations, Western European Operations, Chinese Operations and Other. The Company manufactures weighing instruments for use in laboratory, industrial, packaging, logistics and food retailing applications.

Institutional Ownership by Quarter for Mettler-Toledo International (NYSE:MTD)

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