Dupont Capital Management Corp raised its stake in Mettler-Toledo International, Inc. (NYSE:MTD) by 28.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 473 shares of the medical instruments supplier’s stock after buying an additional 104 shares during the period. Dupont Capital Management Corp’s holdings in Mettler-Toledo International were worth $278,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in MTD. BlackRock Inc. boosted 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 during the last quarter. Clearbridge Investments LLC boosted its stake in shares of Mettler-Toledo International by 97.4% in the first quarter. Clearbridge Investments LLC now owns 180,393 shares of the medical instruments supplier’s stock valued at $86,392,000 after buying an additional 89,000 shares during the last quarter. Morgan Stanley boosted its stake in shares of Mettler-Toledo International by 37.8% in the first quarter. Morgan Stanley now owns 269,128 shares of the medical instruments supplier’s stock valued at $128,890,000 after buying an additional 73,762 shares during the last quarter. Acadian Asset Management LLC boosted its stake in shares of Mettler-Toledo International by 15.4% in the second quarter. Acadian Asset Management LLC now owns 549,695 shares of the medical instruments supplier’s stock valued at $323,520,000 after buying an additional 73,217 shares during the last quarter. Finally, Pictet Asset Management Ltd. boosted its stake in shares of Mettler-Toledo International by 125.6% in the first quarter. Pictet Asset Management Ltd. now owns 104,398 shares of the medical instruments supplier’s stock valued at $49,998,000 after buying an additional 58,120 shares during the last quarter. 93.13% of the stock is owned by hedge funds and other institutional investors.

Shares of Mettler-Toledo International, Inc. (NYSE:MTD) opened at 591.96 on Wednesday. Mettler-Toledo International, Inc. has a 52-week low of $386.01 and a 52-week high of $618.13. The stock has a market cap of $15.19 billion, a PE ratio of 36.40 and a beta of 1.13. The company’s 50-day moving average is $589.44 and its 200-day moving average is $539.90.

Mettler-Toledo International (NYSE:MTD) last released its quarterly earnings results on Thursday, July 27th. The medical instruments supplier reported $3.92 earnings per share for the quarter, topping analysts’ consensus estimates 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 business had revenue of $653.70 million during the quarter, compared to the consensus estimate of $646.68 million. During the same quarter last year, the company earned $3.22 earnings per share. The business’s quarterly revenue was up 7.5% compared to the same quarter last year. Equities analysts anticipate that Mettler-Toledo International, Inc. will post $17.39 EPS for the current year.

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MTD has been the subject of several research reports. BidaskClub raised shares of Mettler-Toledo International from a “buy” rating to a “strong-buy” rating in a research report on Thursday, June 22nd. Bank of America Corporation increased their target price on shares of Mettler-Toledo International from $590.00 to $630.00 and gave the company a “buy” rating in a research report on Wednesday, May 31st. Zacks Investment Research raised shares of Mettler-Toledo International from a “hold” rating to a “buy” rating and set a $664.00 target price for the company in a research report on Thursday, June 22nd. Wells Fargo & Company raised shares of Mettler-Toledo International from a “market perform” rating to an “outperform” rating in a research report on Wednesday, July 12th. 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 investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Mettler-Toledo International presently has an average rating of “Buy” and an average target price of $569.80.

In other news, Director Robert F. Spoerry sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 23rd. The shares were 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 owns 8,287 shares of the company’s stock, valued at $4,895,793.86. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider William P. Donnelly sold 2,845 shares of the firm’s stock in a transaction that occurred on Thursday, August 3rd. The stock was sold at an average price of $576.92, for a total transaction of $1,641,337.40. Following the sale, the insider now directly owns 2,345 shares of the company’s stock, valued at approximately $1,352,877.40. The disclosure for this sale can be found here. Insiders have sold 20,336 shares of company stock valued at $11,886,099 in the last three months. Corporate 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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