Axa boosted its position in shares of Mettler-Toledo International, Inc. (NYSE:MTD) by 203.6% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 29,450 shares of the medical instruments supplier’s stock after acquiring an additional 19,750 shares during the quarter. Axa owned 0.11% of Mettler-Toledo International worth $17,332,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Wells Fargo & Company MN boosted its holdings in Mettler-Toledo International by 12.1% during the 2nd quarter. Wells Fargo & Company MN now owns 25,834 shares of the medical instruments supplier’s stock valued at $15,204,000 after acquiring an additional 2,798 shares during the period. CIBC World Markets Inc. boosted its holdings in Mettler-Toledo International by 1,234.8% during the 2nd quarter. CIBC World Markets Inc. now owns 5,940 shares of the medical instruments supplier’s stock valued at $3,496,000 after acquiring an additional 5,495 shares during the period. Commonwealth Bank of Australia boosted its holdings in Mettler-Toledo International by 3.1% during the 2nd quarter. Commonwealth Bank of Australia now owns 562 shares of the medical instruments supplier’s stock valued at $329,000 after acquiring an additional 17 shares during the period. Private Advisor Group LLC boosted its holdings in Mettler-Toledo International by 24.6% during the 2nd quarter. Private Advisor Group LLC now owns 2,029 shares of the medical instruments supplier’s stock valued at $1,203,000 after acquiring an additional 401 shares during the period. Finally, Schroder Investment Management Group boosted its holdings in Mettler-Toledo International by 3.0% during the 2nd quarter. Schroder Investment Management Group now owns 16,131 shares of the medical instruments supplier’s stock valued at $9,419,000 after acquiring an additional 471 shares during the period. Institutional investors own 93.14% of the company’s stock.

MTD has been the subject of a number of research analyst reports. Bank of America Corporation raised their target price on Mettler-Toledo International from $590.00 to $630.00 and gave the company a “buy” rating in a report on Wednesday, May 31st. Jefferies Group LLC restated a “hold” rating and set a $550.00 target price on shares of Mettler-Toledo International in a report on Thursday, July 27th. Zacks Investment Research upgraded Mettler-Toledo International from a “hold” rating to a “buy” rating and set a $664.00 target price for the company in a report on Thursday, June 22nd. Finally, BidaskClub upgraded Mettler-Toledo International from a “buy” rating to a “strong-buy” rating in a report on Wednesday, July 12th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $569.80.

Mettler-Toledo International, Inc. (MTD) opened at 612.70 on Monday. The stock has a market cap of $15.73 billion, a PE ratio of 37.68 and a beta of 1.11. Mettler-Toledo International, Inc. has a 52 week low of $386.01 and a 52 week high of $618.13. The stock has a 50 day moving average price of $589.33 and a 200 day moving average price of $548.76.

Mettler-Toledo International (NYSE:MTD) last announced its quarterly 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. The company had revenue of $653.70 million during the quarter, compared to analyst estimates of $646.68 million. Mettler-Toledo International had a return on equity of 95.28% and a net margin of 16.60%. The firm’s revenue was up 7.5% on a year-over-year basis. During the same period in the prior year, the firm posted $3.22 earnings per share. On average, equities analysts predict that Mettler-Toledo International, Inc. will post $17.33 earnings per share for the current year.

In other news, insider William P. Donnelly sold 2,845 shares of the company’s stock in a transaction dated 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 completion of the sale, the insider now owns 2,345 shares of the company’s stock, valued at $1,352,877.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Christian Magloth sold 750 shares of the company’s stock in a transaction dated Thursday, August 24th. The stock was sold at an average price of $590.00, for a total value of $442,500.00. Following the completion of the sale, the insider now directly owns 750 shares of the company’s stock, valued at approximately $442,500. The disclosure for this sale can be found here. Insiders have sold 26,466 shares of company stock valued at $15,607,039 over the last 90 days. 5.20% of the stock is currently owned by insiders.

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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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