Murphy Capital Management Inc. Purchases Shares of 400 Mettler-Toledo International, Inc. (NYSE:MTD)

Murphy Capital Management Inc. purchased a new stake in Mettler-Toledo International, Inc. (NYSE:MTD) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 400 shares of the medical instruments supplier’s stock, valued at approximately $235,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MTD. Dimensional Fund Advisors LP raised its position in Mettler-Toledo International by 1.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 87,081 shares of the medical instruments supplier’s stock valued at $36,450,000 after buying an additional 1,250 shares during the last quarter. Quadrature Capital Ltd raised its position in Mettler-Toledo International by 167.1% in the fourth quarter. Quadrature Capital Ltd now owns 3,400 shares of the medical instruments supplier’s stock valued at $1,424,000 after buying an additional 2,127 shares during the last quarter. Teachers Advisors LLC raised its position in Mettler-Toledo International by 7.6% in the fourth quarter. Teachers Advisors LLC now owns 37,697 shares of the medical instruments supplier’s stock valued at $15,778,000 after buying an additional 2,672 shares during the last quarter. Kentucky Retirement Systems purchased a new position in Mettler-Toledo International during the fourth quarter valued at about $797,000. Finally, Kentucky Retirement Systems Insurance Trust Fund purchased a new position in Mettler-Toledo International during the fourth quarter valued at about $356,000. Hedge funds and other institutional investors own 96.22% of the company’s stock.

Shares of Mettler-Toledo International, Inc. (NYSE:MTD) opened at 577.58 on Friday. The stock has a 50 day moving average of $591.25 and a 200 day moving average of $529.09. The company has a market cap of $14.83 billion, a price-to-earnings ratio of 35.52 and a beta of 1.13. Mettler-Toledo International, Inc. has a 1-year low of $386.01 and a 1-year high of $618.13.

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

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MTD has been the subject of several analyst reports. Cleveland Research upgraded shares of Mettler-Toledo International from a “neutral” rating to a “buy” rating in a report on Wednesday, April 19th. Zacks Investment Research lowered shares of Mettler-Toledo International from a “buy” rating to a “hold” rating in a report on Wednesday, May 24th. Bank of America Corporation raised their price target on shares of Mettler-Toledo International from $590.00 to $630.00 and gave the stock a “buy” rating in a report on Wednesday, May 31st. BidaskClub lowered shares of Mettler-Toledo International from a “strong-buy” rating to a “buy” rating in a report on Tuesday, June 13th. Finally, Jefferies Group LLC restated a “hold” rating and set a $550.00 price target on shares of Mettler-Toledo International in a report on Tuesday, June 20th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $569.80.

In related news, Director Robert F. Spoerry sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, May 15th. The stock was sold at an average price of $555.78, for a total transaction of $2,778,900.00. Following the completion of the transaction, the director now owns 9,656 shares in the company, valued at $5,366,611.68. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Shawn Vadala sold 330 shares of the company’s stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $577.00, for a total value of $190,410.00. Following the transaction, the chief financial officer now owns 5,855 shares of the company’s stock, valued at approximately $3,378,335. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 23,996 shares of company stock valued at $13,673,195. 5.20% of the stock is owned by corporate insiders.

About Mettler-Toledo International

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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