Davis R M Inc. reduced its stake in Mettler-Toledo International, Inc. (NYSE:MTD) by 4.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 85,930 shares of the medical instruments supplier’s stock after selling 4,214 shares during the period. Mettler-Toledo International makes up approximately 2.1% of Davis R M Inc.’s investment portfolio, making the stock its 5th largest position. Davis R M Inc. owned about 0.33% of Mettler-Toledo International worth $50,573,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. FMR LLC increased its stake in shares of Mettler-Toledo International by 0.4% in the first quarter. FMR LLC now owns 2,765,423 shares of the medical instruments supplier’s stock valued at $1,324,389,000 after buying an additional 9,729 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Mettler-Toledo International by 0.7% in the first quarter. Vanguard Group Inc. now owns 2,547,233 shares of the medical instruments supplier’s stock valued at $1,219,895,000 after buying an additional 17,242 shares in the last quarter. BlackRock Inc. increased its stake in shares of Mettler-Toledo International by 1,735.6% in the first quarter. BlackRock Inc. now owns 1,748,149 shares of the medical instruments supplier’s stock valued at $837,207,000 after buying an additional 1,652,915 shares in the last quarter. State Street Corp increased its stake in shares of Mettler-Toledo International by 2.4% in the first quarter. State Street Corp now owns 1,155,191 shares of the medical instruments supplier’s stock valued at $553,237,000 after buying an additional 26,930 shares in the last quarter. Finally, Baillie Gifford & Co. increased its stake in shares of Mettler-Toledo International by 1.5% in the first quarter. Baillie Gifford & Co. now owns 639,613 shares of the medical instruments supplier’s stock valued at $306,317,000 after buying an additional 9,219 shares in the last quarter. 96.22% of the stock is owned by hedge funds and other institutional investors.

Shares of Mettler-Toledo International, Inc. (NYSE:MTD) opened at 576.61 on Monday. The stock’s 50 day moving average price is $594.32 and its 200-day moving average price is $522.25. Mettler-Toledo International, Inc. has a 1-year low of $386.01 and a 1-year high of $618.13. The stock has a market capitalization of $14.80 billion, a P/E ratio of 35.46 and a beta of 1.13.

Mettler-Toledo International (NYSE:MTD) last posted its quarterly earnings data on Thursday, July 27th. The medical instruments supplier reported $3.92 earnings per share for the quarter, topping the consensus estimate of $3.89 by $0.03. The company had revenue of $653.70 million during 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%. Mettler-Toledo International’s revenue for the quarter was up 7.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.22 earnings per share. Equities research analysts anticipate that Mettler-Toledo International, Inc. will post $16.95 EPS for the current fiscal year.

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Several equities research analysts recently issued reports on MTD shares. Bank of America Corporation increased their price objective on Mettler-Toledo International from $590.00 to $630.00 and gave the stock a “buy” rating in a research note on Wednesday, May 31st. Zacks Investment Research downgraded Mettler-Toledo International from a “buy” rating to a “hold” rating in a research note on Monday, June 5th. Morgan Stanley reaffirmed an “equal weight” rating and set a $565.00 price target (up from $533.00) on shares of Mettler-Toledo International in a research note on Saturday, July 22nd. Jefferies Group LLC reaffirmed a “hold” rating and set a $550.00 price target on shares of Mettler-Toledo International in a research note on Tuesday, June 20th. Finally, BidaskClub downgraded Mettler-Toledo International from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, June 13th. Three equities research 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 an average target price of $569.80.

In other news, insider William P. Donnelly sold 5,000 shares of the company’s stock in a transaction dated Tuesday, May 9th. The stock was sold at an average price of $546.18, for a total transaction of $2,730,900.00. Following the completion of the transaction, the insider now directly owns 3,000 shares of the company’s stock, valued at $1,638,540. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Wah-Hui Chu sold 500 shares of the company’s stock in a transaction dated Monday, May 22nd. The stock was sold at an average price of $567.00, for a total value of $283,500.00. Following the transaction, the director now directly owns 3,243 shares of the company’s stock, valued at $1,838,781. The disclosure for this sale can be found here. Insiders have sold 53,466 shares of company stock valued at $29,691,641 over the last ninety days. 5.20% of the stock is owned by 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.

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

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