LMR Partners LLP acquired a new position in Mettler-Toledo International, Inc. (NYSE:MTD) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,340 shares of the medical instruments supplier’s stock, valued at approximately $2,555,000.

Other institutional investors have also bought and sold shares of the company. 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 worth $15,778,000 after buying an additional 2,672 shares during the last quarter. Macquarie Group Ltd. raised its position in Mettler-Toledo International by 31.8% in the fourth quarter. Macquarie Group Ltd. now owns 6,590 shares of the medical instruments supplier’s stock worth $2,757,000 after buying an additional 1,590 shares during the last quarter. Creative Planning raised its position in 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 last quarter. Gulf International Bank UK Ltd raised its position in 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 last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its position in Mettler-Toledo International by 304.8% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 6,724 shares of the medical instruments supplier’s stock worth $3,212,000 after buying an additional 5,063 shares during the last quarter. Institutional investors and hedge funds own 95.23% of the company’s stock.

Shares of Mettler-Toledo International, Inc. (MTD) opened at 580.78 on Wednesday. Mettler-Toledo International, Inc. has a 12-month low of $386.01 and a 12-month high of $618.13. The firm’s 50-day moving average price is $590.31 and its 200-day moving average price is $533.00. The firm has a market capitalization of $14.91 billion, a P/E ratio of 35.71 and a beta of 1.13.

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, topping the Thomson Reuters’ 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 company had revenue of $653.70 million for the quarter, compared to analysts’ expectations of $646.68 million. During the same period last year, the firm earned $3.22 earnings per share. The business’s revenue for the quarter was up 7.5% on a year-over-year basis. Equities analysts predict that Mettler-Toledo International, Inc. will post $16.89 earnings per share for the current fiscal year.

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A number of equities analysts have recently commented on MTD shares. Cleveland Research upgraded Mettler-Toledo International from a “neutral” rating to a “buy” rating in a research note on Wednesday, April 19th. Zacks Investment Research downgraded Mettler-Toledo International from a “buy” rating to a “hold” rating in a research report on Wednesday, May 24th. Bank of America Corporation lifted their target price on Mettler-Toledo International from $590.00 to $630.00 and gave the stock a “buy” rating in a research report on Wednesday, May 31st. BidaskClub downgraded Mettler-Toledo International from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, June 13th. Finally, Jefferies Group LLC reissued a “hold” rating and set a $550.00 target price on shares of Mettler-Toledo International in a research report on Tuesday, June 20th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $569.80.

In related news, Director Robert F. Spoerry sold 6,200 shares of the stock in a transaction that occurred on Tuesday, May 23rd. The shares were sold at an average price of $570.00, for a total transaction of $3,534,000.00. Following the sale, the director now owns 6,454 shares in the company, valued at approximately $3,678,780. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Wah-Hui Chu sold 500 shares of the stock in a transaction that occurred on Monday, May 22nd. The stock was sold at an average price of $567.00, for a total transaction of $283,500.00. Following the sale, the director now owns 3,243 shares in the company, valued at approximately $1,838,781. The disclosure for this sale can be found here. Insiders have sold 19,286 shares of company stock worth $11,125,619 over the last ninety days. 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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