Ameriprise Financial Inc. lifted its holdings in shares of Mettler-Toledo International, Inc. (NYSE:MTD) by 11.2% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 59,647 shares of the medical instruments supplier’s stock after purchasing an additional 6,024 shares during the period. Ameriprise Financial Inc. owned about 0.23% of Mettler-Toledo International worth $35,104,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of MTD. Israel Discount Bank of New York purchased a new position in shares of Mettler-Toledo International during the 1st quarter worth approximately $102,000. First Personal Financial Services increased its stake in shares of Mettler-Toledo International by 2.8% during the 2nd quarter. First Personal Financial Services now owns 186 shares of the medical instruments supplier’s stock worth $109,000 after purchasing an additional 5 shares in the last quarter. TLP Group LLC purchased a new position in shares of Mettler-Toledo International during the 1st quarter worth approximately $144,000. CAPROCK Group Inc. purchased a new position in shares of Mettler-Toledo International during the 2nd quarter worth approximately $205,000. Finally, Personal Capital Advisors Corp purchased a new position in shares of Mettler-Toledo International during the 2nd quarter worth approximately $206,000. 93.18% of the stock is owned by institutional investors and hedge funds.

In related news, insider William P. Donnelly sold 2,845 shares of the company’s stock in a transaction that occurred on Thursday, August 3rd. The shares were 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 in the company, valued at approximately $1,352,877.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Thomas P. Salice sold 890 shares of the company’s stock in a transaction that occurred on Thursday, September 7th. The shares were sold at an average price of $611.00, for a total transaction of $543,790.00. Following the completion of the sale, the director now owns 62,437 shares of the company’s stock, valued at approximately $38,149,007. The disclosure for this sale can be found here. Over the last three months, insiders have sold 27,356 shares of company stock valued at $16,150,829. Company insiders own 5.20% of the company’s stock.

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MTD has been the subject of a number of recent research reports. Bank of America Corporation raised their price objective 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. Zacks Investment Research cut shares of Mettler-Toledo International from a “buy” rating to a “hold” rating in a research note on Monday, June 5th. 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 reissued a “hold” rating and set a $550.00 price objective 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’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $575.20.

Shares of Mettler-Toledo International, Inc. (NYSE:MTD) opened at 632.86 on Monday. The stock has a market capitalization of $16.24 billion, a PE ratio of 38.92 and a beta of 1.11. Mettler-Toledo International, Inc. has a 1-year low of $395.61 and a 1-year high of $636.54. The firm has a 50-day moving average of $595.61 and a 200 day moving average of $557.43.

Mettler-Toledo International (NYSE:MTD) last released its earnings results on Thursday, July 27th. The medical instruments supplier reported $3.92 EPS for the quarter, beating the 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 during the quarter, compared to analyst estimates of $646.68 million. During the same period in the prior year, the business earned $3.22 earnings per share. The business’s quarterly revenue was up 7.5% on a year-over-year basis. On average, equities analysts anticipate that Mettler-Toledo International, Inc. will post $17.33 earnings per share for the current fiscal year.

Mettler-Toledo International 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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