Pacer Advisors Inc. increased its holdings in Mettler-Toledo International, Inc. (NYSE:MTD) by 6.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 483 shares of the medical instruments supplier’s stock after purchasing an additional 29 shares during the period. Pacer Advisors Inc.’s holdings in Mettler-Toledo International were worth $284,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in MTD. BlackRock Inc. grew its position 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 purchasing an additional 1,652,915 shares during the period. Clearbridge Investments LLC grew its position 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 purchasing an additional 89,000 shares during the period. Morgan Stanley grew its position 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 purchasing an additional 73,762 shares during the period. Acadian Asset Management LLC grew its position 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 purchasing an additional 73,217 shares during the period. Finally, Renaissance Technologies LLC purchased a new stake in shares of Mettler-Toledo International in the first quarter valued at $27,489,000. 93.14% of the stock is owned by institutional investors and hedge funds.

In other Mettler-Toledo International news, Director Robert F. Spoerry sold 5,000 shares of the stock in a transaction 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 transaction, the director now directly owns 8,287 shares of the company’s stock, valued at $4,895,793.86. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Thomas P. Salice sold 890 shares of the stock in a transaction on Thursday, September 7th. The stock was sold at an average price of $611.00, for a total transaction of $543,790.00. Following the transaction, the director now directly owns 62,437 shares in the company, valued at $38,149,007. The disclosure for this sale can be found here. Insiders sold 27,356 shares of company stock worth $16,150,829 over the last ninety days. 5.20% of the stock is currently owned by company insiders.

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A number of equities research analysts have recently commented on the company. BidaskClub raised Mettler-Toledo International from a “hold” rating to a “buy” rating in a research report on Monday, August 14th. Zacks Investment Research raised Mettler-Toledo International from a “hold” rating to a “buy” rating and set a $665.00 price objective for the company in a research report on Wednesday, June 7th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $550.00 price objective on shares of Mettler-Toledo International in a research report on Thursday, July 27th. Finally, Wells Fargo & Company raised Mettler-Toledo International from a “market perform” rating to an “outperform” rating in a research report on Wednesday, July 12th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $569.80.

Shares of Mettler-Toledo International, Inc. (NYSE:MTD) opened at 623.88 on Thursday. The firm’s 50-day moving average price is $590.03 and its 200-day moving average price is $552.06. The stock has a market cap of $16.01 billion, a P/E ratio of 38.36 and a beta of 1.11. Mettler-Toledo International, Inc. has a 52-week low of $393.77 and a 52-week high of $629.63.

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, topping the Zacks’ 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 business had revenue of $653.70 million for the quarter, compared to the consensus estimate of $646.68 million. During the same period in the prior year, the business posted $3.22 earnings per share. Mettler-Toledo International’s revenue for the quarter was up 7.5% compared to the same quarter last year. On average, equities research analysts forecast that Mettler-Toledo International, Inc. will post $17.33 earnings per share for the current fiscal year.

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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