Hanseatic Management Services Inc. purchased a new stake in Mettler-Toledo International, Inc. (NYSE:MTD) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 652 shares of the medical instruments supplier’s stock, valued at approximately $408,000.

Other institutional investors have also recently bought and sold shares of the company. State of Alaska Department of Revenue grew its stake in shares of Mettler-Toledo International by 0.5% in the 2nd quarter. State of Alaska Department of Revenue now owns 1,087 shares of the medical instruments supplier’s stock valued at $639,000 after purchasing an additional 5 shares during the period. First Personal Financial Services grew its stake in shares of Mettler-Toledo International by 2.8% in the 2nd quarter. First Personal Financial Services now owns 186 shares of the medical instruments supplier’s stock valued at $109,000 after purchasing an additional 5 shares during the period. Contravisory Investment Management Inc. grew its stake in shares of Mettler-Toledo International by 1.3% in the 2nd quarter. Contravisory Investment Management Inc. now owns 558 shares of the medical instruments supplier’s stock valued at $328,000 after purchasing an additional 7 shares during the period. Advisor Partners LLC grew its stake in shares of Mettler-Toledo International by 3.5% in the 2nd quarter. Advisor Partners LLC now owns 468 shares of the medical instruments supplier’s stock valued at $275,000 after purchasing an additional 16 shares during the period. Finally, Alps Advisors Inc. grew its stake in shares of Mettler-Toledo International by 1.4% in the 2nd quarter. Alps Advisors Inc. now owns 1,225 shares of the medical instruments supplier’s stock valued at $721,000 after purchasing an additional 17 shares during the period. 93.52% of the stock is owned by hedge funds and other institutional investors.

Mettler-Toledo International, Inc. (NYSE MTD) traded down $6.18 during midday trading on Thursday, reaching $625.19. The company had a trading volume of 162,400 shares, compared to its average volume of 158,833. The company has a market cap of $16,149.89, a price-to-earnings ratio of 37.36, a PEG ratio of 2.88 and a beta of 1.13. Mettler-Toledo International, Inc. has a 1-year low of $407.87 and a 1-year high of $694.48. The company has a debt-to-equity ratio of 2.05, a quick ratio of 1.11 and a current ratio of 1.51.

Mettler-Toledo International (NYSE:MTD) last released its quarterly earnings results on Thursday, November 2nd. The medical instruments supplier reported $4.36 EPS for the quarter, topping the Zacks’ consensus estimate of $4.32 by $0.04. The business had revenue of $698.80 million for the quarter, compared to analyst estimates of $685.56 million. Mettler-Toledo International had a return on equity of 96.81% and a net margin of 16.44%. Mettler-Toledo International’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same period in the prior year, the company earned $3.89 EPS. research analysts anticipate that Mettler-Toledo International, Inc. will post 17.52 earnings per share for the current year.

In other Mettler-Toledo International news, CFO Shawn Vadala sold 226 shares of the stock in a transaction on Monday, November 13th. The stock was sold at an average price of $629.36, for a total value of $142,235.36. Following the transaction, the chief financial officer now directly owns 5,299 shares in the company, valued at approximately $3,334,978.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Michael A. Kelly sold 3,384 shares of the stock in a transaction on Monday, November 6th. The shares were sold at an average price of $638.24, for a total value of $2,159,804.16. Following the completion of the transaction, the director now owns 4,762 shares in the company, valued at $3,039,298.88. The disclosure for this sale can be found here. Insiders sold a total of 30,291 shares of company stock worth $18,570,721 over the last quarter. Corporate insiders own 5.20% of the company’s stock.

TRADEMARK VIOLATION WARNING: “652 Shares in Mettler-Toledo International, Inc. (MTD) Acquired by Hanseatic Management Services Inc.” was originally published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this piece on another publication, it was illegally stolen and reposted in violation of international copyright legislation. The original version of this piece can be accessed at https://www.thecerbatgem.com/2017/11/16/652-shares-in-mettler-toledo-international-inc-mtd-acquired-by-hanseatic-management-services-inc.html.

Several equities research analysts have recently weighed in on MTD shares. Bank of America Corporation upped their price objective on Mettler-Toledo International from $640.00 to $710.00 and gave the company a “buy” rating in a research note on Monday, October 9th. Goldman Sachs Group, Inc. (The) reiterated a “buy” rating and issued a $690.00 price objective on shares of Mettler-Toledo International in a research note on Tuesday, September 26th. Zacks Investment Research upgraded Mettler-Toledo International from a “hold” rating to a “buy” rating and set a $711.00 price objective on the stock in a research note on Thursday, September 21st. BidaskClub upgraded Mettler-Toledo International from a “hold” rating to a “buy” rating in a research note on Monday, August 14th. Finally, Morgan Stanley restated an “equal weight” rating and set a $565.00 price target (up from $533.00) on shares of Mettler-Toledo International in a research report on Saturday, July 22nd. Five research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Mettler-Toledo International presently has an average rating of “Buy” and a consensus price target of $621.57.

About Mettler-Toledo International

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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