Steward Partners Investment Advisory LLC bought a new position in Mettler-Toledo International Inc. (NYSE:MTD) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 201 shares of the medical instruments supplier’s stock, valued at approximately $125,000.

Several other institutional investors have also recently modified their holdings of MTD. Vanguard Group Inc. lifted its stake in Mettler-Toledo International by 2.9% in the second quarter. Vanguard Group Inc. now owns 2,621,389 shares of the medical instruments supplier’s stock worth $1,542,792,000 after acquiring an additional 74,156 shares during the period. BlackRock Inc. lifted its stake in Mettler-Toledo International by 6.4% in the second quarter. BlackRock Inc. now owns 1,860,178 shares of the medical instruments supplier’s stock worth $1,094,791,000 after acquiring an additional 112,029 shares during the period. Koch Industries Inc. lifted its stake in Mettler-Toledo International by 96,281.2% in the second quarter. Koch Industries Inc. now owns 696,836 shares of the medical instruments supplier’s stock worth $696,000 after acquiring an additional 696,113 shares during the period. Baillie Gifford & Co. lifted its stake in Mettler-Toledo International by 4.9% in the second quarter. Baillie Gifford & Co. now owns 671,210 shares of the medical instruments supplier’s stock worth $395,033,000 after acquiring an additional 31,597 shares during the period. Finally, Fiera Capital Corp lifted its stake in Mettler-Toledo International by 10.2% in the second quarter. Fiera Capital Corp now owns 642,431 shares of the medical instruments supplier’s stock worth $378,096,000 after acquiring an additional 59,513 shares during the period. Hedge funds and other institutional investors own 91.57% of the company’s stock.

Shares of Mettler-Toledo International Inc. (NYSE:MTD) opened at $618.43 on Friday. Mettler-Toledo International Inc. has a 52 week low of $408.97 and a 52 week high of $694.48. The company has a market capitalization of $16,029.41, a price-to-earnings ratio of 37.08, a P/E/G ratio of 2.86 and a beta of 1.09. The company has a quick ratio of 1.11, a current ratio of 1.51 and a debt-to-equity ratio of 2.05.

Mettler-Toledo International (NYSE:MTD) last announced its quarterly earnings data on Thursday, November 2nd. The medical instruments supplier reported $4.36 EPS for the quarter, beating the consensus estimate of $4.32 by $0.04. The business had revenue of $698.80 million during 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%. The company’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same quarter last year, the firm posted $3.89 earnings per share. analysts expect that Mettler-Toledo International Inc. will post 17.52 EPS for the current fiscal year.

A number of analysts recently commented on MTD shares. Morgan Stanley raised their price target on Mettler-Toledo International from $535.00 to $545.00 and gave the stock an “equal weight” rating in a research note on Friday, November 3rd. Robert W. Baird raised their price target on Mettler-Toledo International from $605.00 to $675.00 and gave the stock a “neutral” rating in a research note on Friday, November 3rd. Jefferies Group reaffirmed a “hold” rating and issued a $600.00 price target on shares of Mettler-Toledo International in a research note on Friday, October 20th. Zacks Investment Research raised Mettler-Toledo International from a “hold” rating to a “buy” rating and set a $705.00 price target for the company in a research note on Thursday, September 14th. Finally, Bank of America raised their price target on Mettler-Toledo International from $640.00 to $710.00 and gave the stock a “buy” rating in a research note on Monday, October 9th. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $621.57.

In other news, Director Richard D. Francis acquired 160 shares of the stock in a transaction on Friday, November 17th. The stock was acquired at an average price of $627.91 per share, with a total value of $100,465.60. Following the completion of the transaction, the director now owns 254 shares of the company’s stock, valued at approximately $159,489.14. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Shawn Vadala sold 226 shares of the firm’s stock in a transaction on Monday, November 13th. The shares were 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 of the company’s stock, valued at approximately $3,334,978.64. The disclosure for this sale can be found here. Insiders have sold 39,969 shares of company stock valued at $25,242,999 in the last three months. Insiders own 5.20% of the company’s stock.

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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.

Institutional Ownership by Quarter for Mettler-Toledo International (NYSE:MTD)

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