Airain ltd acquired 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 acquired 5,026 shares of the medical instruments supplier’s stock, valued at approximately $2,958,000.

Other institutional investors have also modified their holdings of the company. Retirement Systems of Alabama boosted its position in shares of Mettler-Toledo International by 0.8% in the first quarter. Retirement Systems of Alabama now owns 12,538 shares of the medical instruments supplier’s stock valued at $6,005,000 after buying an additional 101 shares during the period. Candriam Luxembourg S.C.A. boosted its position in shares of Mettler-Toledo International by 17.9% in the first quarter. Candriam Luxembourg S.C.A. now owns 4,298 shares of the medical instruments supplier’s stock valued at $2,058,000 after buying an additional 652 shares during the period. Nationwide Fund Advisors boosted its position in shares of Mettler-Toledo International by 1.5% in the first quarter. Nationwide Fund Advisors now owns 7,387 shares of the medical instruments supplier’s stock valued at $3,538,000 after buying an additional 110 shares during the period. Mn Services Vermogensbeheer B.V. boosted its position in shares of Mettler-Toledo International by 2.0% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 700 shares of the medical instruments supplier’s stock valued at $313,000 after buying an additional 14 shares during the period. Finally, First Manhattan Co. boosted its position in shares of Mettler-Toledo International by 14.3% in the first quarter. First Manhattan Co. now owns 2,002 shares of the medical instruments supplier’s stock valued at $840,000 after buying an additional 251 shares during the period. Hedge funds and other institutional investors own 93.13% of the company’s stock.

Shares of Mettler-Toledo International, Inc. (MTD) opened at 594.06 on Tuesday. The company has a market cap of $15.25 billion, a PE ratio of 36.53 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. The firm’s 50-day moving average is $589.44 and its 200-day moving average is $539.90.

Mettler-Toledo International (NYSE:MTD) last posted its quarterly earnings results on Thursday, July 27th. The medical instruments supplier reported $3.92 earnings per share for the quarter, beating the Zacks’ consensus estimate of $3.89 by $0.03. Mettler-Toledo International had a return on equity of 95.28% and a net margin of 16.60%. The firm had revenue of $653.70 million for the quarter, compared to the consensus estimate of $646.68 million. During the same period in the previous year, the business earned $3.22 earnings per share. The company’s revenue for the quarter was up 7.5% compared to the same quarter last year. On average, equities analysts forecast that Mettler-Toledo International, Inc. will post $17.39 earnings per share for the current fiscal year.

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

In related news, insider William P. Donnelly sold 2,845 shares of Mettler-Toledo International stock in a transaction that occurred on Thursday, August 3rd. The stock was sold at an average price of $576.92, for a total value of $1,641,337.40. Following the sale, the insider now directly owns 2,345 shares in the company, valued at $1,352,877.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Robert F. Spoerry sold 5,000 shares of Mettler-Toledo International stock in a transaction that occurred on Wednesday, August 23rd. The shares were sold at an average price of $590.78, for a total value of $2,953,900.00. Following the completion of the sale, the director now owns 8,287 shares in the company, valued at $4,895,793.86. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 20,336 shares of company stock worth $11,886,099. Company 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.

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

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