Syntal Capital Partners LLC Has $760,000 Stake in Mettler-Toledo International, Inc. (MTD)

Syntal Capital Partners LLC boosted its stake in Mettler-Toledo International, Inc. (NYSE:MTD) by 15.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,215 shares of the medical instruments supplier’s stock after buying an additional 159 shares during the period. Syntal Capital Partners LLC’s holdings in Mettler-Toledo International were worth $760,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Vanguard Group Inc. lifted its holdings in Mettler-Toledo International by 2.9% in the second quarter. Vanguard Group Inc. now owns 2,621,389 shares of the medical instruments supplier’s stock worth $1,542,792,000 after buying an additional 74,156 shares during the period. BlackRock Inc. lifted its holdings in Mettler-Toledo International by 6.4% in the second quarter. BlackRock Inc. now owns 1,860,178 shares of the medical instruments supplier’s stock worth $1,094,791,000 after buying an additional 112,029 shares during the period. Koch Industries Inc. lifted its holdings in Mettler-Toledo International by 96,281.2% in the second quarter. Koch Industries Inc. now owns 696,836 shares of the medical instruments supplier’s stock worth $696,000 after buying an additional 696,113 shares during the period. Baillie Gifford & Co. lifted its holdings in Mettler-Toledo International by 4.9% in the second quarter. Baillie Gifford & Co. now owns 671,210 shares of the medical instruments supplier’s stock worth $395,033,000 after buying an additional 31,597 shares during the period. Finally, Fiera Capital Corp lifted its holdings in Mettler-Toledo International by 10.2% in the second quarter. Fiera Capital Corp now owns 642,431 shares of the medical instruments supplier’s stock worth $378,096,000 after buying an additional 59,513 shares during the period. Institutional investors and hedge funds own 93.15% of the company’s stock.

Mettler-Toledo International (NYSE:MTD) last released its quarterly earnings data on Thursday, November 2nd. The medical instruments supplier reported $4.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.32 by $0.04. The company had revenue of $698.80 million during the quarter, compared to analysts’ expectations of $685.56 million. Mettler-Toledo International had a net margin of 16.44% and a return on equity of 100.47%. The firm’s quarterly revenue was up 7.4% on a year-over-year basis. During the same period in the previous year, the company earned $3.89 EPS.

Several analysts have commented on the stock. Jefferies Group LLC restated a “hold” rating and issued a $600.00 price objective on shares of Mettler-Toledo International in a report on Friday, October 20th. Bank of America Corporation raised their price objective 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 price objective (down 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 price objective on shares of Mettler-Toledo International in a report on Tuesday, September 26th. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Mettler-Toledo International has a consensus rating of “Buy” and an average price target of $611.00.

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In other news, insider Thomas Caratsch sold 150 shares of the company’s stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $578.00, for a total value of $86,700.00. Following the completion of the sale, the insider now owns 920 shares of the company’s stock, valued at approximately $531,760. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robert F. Spoerry sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 23rd. The stock was sold at an average price of $590.78, for a total transaction of $2,953,900.00. Following the completion of the sale, the director now directly owns 8,287 shares of the company’s stock, valued at approximately $4,895,793.86. The disclosure for this sale can be found here. Over the last three months, insiders sold 21,661 shares of company stock valued at $12,863,692. 5.20% of the stock is owned by corporate insiders.

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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