Mutual of America Capital Management LLC Has $2.68 Million Stake in Mettler-Toledo International, Inc. (MTD)

Mutual of America Capital Management LLC lifted its position in Mettler-Toledo International, Inc. (NYSE:MTD) by 4.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,281 shares of the medical instruments supplier’s stock after acquiring an additional 173 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Mettler-Toledo International were worth $2,681,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the company. State of Alaska Department of Revenue lifted its holdings in shares of Mettler-Toledo International by 0.5% in the 2nd quarter. State of Alaska Department of Revenue now owns 1,087 shares of the medical instruments supplier’s stock worth $639,000 after acquiring an additional 5 shares during the last quarter. First Personal Financial Services lifted its holdings in shares of Mettler-Toledo International by 2.8% in the 2nd quarter. First Personal Financial Services now owns 186 shares of the medical instruments supplier’s stock worth $109,000 after acquiring an additional 5 shares during the last quarter. Contravisory Investment Management Inc. lifted its holdings in shares of Mettler-Toledo International by 1.3% in the 2nd quarter. Contravisory Investment Management Inc. now owns 558 shares of the medical instruments supplier’s stock worth $328,000 after acquiring an additional 7 shares during the last quarter. Advisor Partners LLC lifted its holdings in shares of Mettler-Toledo International by 3.5% in the 2nd quarter. Advisor Partners LLC now owns 468 shares of the medical instruments supplier’s stock worth $275,000 after acquiring an additional 16 shares during the last quarter. Finally, Alps Advisors Inc. lifted its holdings in shares of Mettler-Toledo International by 1.4% in the 2nd quarter. Alps Advisors Inc. now owns 1,225 shares of the medical instruments supplier’s stock worth $721,000 after acquiring an additional 17 shares during the last quarter. Hedge funds and other institutional investors own 93.15% of the company’s stock.

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Several equities research analysts have recently issued reports on the stock. Jefferies Group LLC restated a “hold” rating and issued a $600.00 target price on shares of Mettler-Toledo International in a report on Friday, October 20th. Bank of America Corporation raised their target price on shares of Mettler-Toledo International from $640.00 to $710.00 and gave the stock a “buy” rating in a report on Monday, October 9th. Morgan Stanley restated an “equal weight” rating and issued a $535.00 target price (down previously from $565.00) on shares of Mettler-Toledo International in a report on Friday, October 6th. Zacks Investment Research lowered shares of Mettler-Toledo International from a “buy” rating to a “hold” rating in a report on Tuesday, September 26th. Finally, Goldman Sachs Group, Inc. (The) restated a “buy” rating and issued a $690.00 target price on shares of Mettler-Toledo International in a report on Tuesday, September 26th. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $611.00.

In other Mettler-Toledo International news, Director Robert F. Spoerry sold 5,000 shares of the company’s stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $607.00, for a total value of $3,035,000.00. Following the transaction, the director now owns 10,587 shares of the company’s stock, valued at $6,426,309. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Thomas P. Salice sold 890 shares of the company’s stock in a transaction dated Thursday, September 7th. The shares were sold at an average price of $611.00, for a total transaction of $543,790.00. Following the completion of the transaction, the director now directly owns 62,437 shares in the company, valued at approximately $38,149,007. The disclosure for this sale can be found here. Insiders sold 27,356 shares of company stock worth $16,150,829 in the last ninety days. 5.20% of the stock is currently owned by corporate insiders.

Shares of Mettler-Toledo International, Inc. (NYSE MTD) opened at 679.00 on Monday. The company’s 50-day moving average is $644.24 and its 200-day moving average is $590.18. The company has a market cap of $17.43 billion, a price-to-earnings ratio of 41.75 and a beta of 1.11. Mettler-Toledo International, Inc. has a one year low of $395.61 and a one year high of $679.73.

Mettler-Toledo International (NYSE:MTD) last announced its quarterly earnings data on Thursday, July 27th. The medical instruments supplier reported $3.92 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $3.89 by $0.03. Mettler-Toledo International had a net margin of 16.60% and a return on equity of 95.28%. The firm had revenue of $653.70 million during the quarter, compared to analyst estimates of $646.68 million. During the same quarter in the prior year, the firm posted $3.22 earnings per share. Mettler-Toledo International’s quarterly revenue was up 7.5% on a year-over-year basis. On average, equities analysts predict that Mettler-Toledo International, Inc. will post $17.38 EPS for the current year.

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.

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

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