Bamco Inc. NY cut its position in Mettler-Toledo International, Inc. (NYSE:MTD) by 0.0% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 616,339 shares of the medical instruments supplier’s stock after selling 216 shares during the period. Mettler-Toledo International comprises about 1.8% of Bamco Inc. NY’s portfolio, making the stock its 9th largest position. Bamco Inc. NY owned approximately 2.41% of Mettler-Toledo International worth $385,927,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of MTD. Canada Pension Plan Investment Board increased its position in shares of Mettler-Toledo International by 66,357.9% during the second quarter. Canada Pension Plan Investment Board now owns 12,627 shares of the medical instruments supplier’s stock worth $7,431,000 after acquiring an additional 12,608 shares in the last quarter. Wetherby Asset Management Inc. increased its position in shares of Mettler-Toledo International by 5.5% during the second quarter. Wetherby Asset Management Inc. now owns 847 shares of the medical instruments supplier’s stock worth $498,000 after acquiring an additional 44 shares in the last quarter. Schwab Charles Investment Management Inc. increased its position in shares of Mettler-Toledo International by 5.5% during the second quarter. Schwab Charles Investment Management Inc. now owns 118,707 shares of the medical instruments supplier’s stock worth $69,864,000 after acquiring an additional 6,213 shares in the last quarter. First Trust Advisors LP increased its position in shares of Mettler-Toledo International by 45.3% during the second quarter. First Trust Advisors LP now owns 47,065 shares of the medical instruments supplier’s stock worth $27,700,000 after acquiring an additional 14,682 shares in the last quarter. Finally, Pitcairn Co. increased its position in shares of Mettler-Toledo International by 21.9% during the second quarter. Pitcairn Co. now owns 780 shares of the medical instruments supplier’s stock worth $459,000 after acquiring an additional 140 shares in the last quarter. Institutional investors own 91.76% of the company’s stock.

In other news, insider Simon Kirk sold 4,726 shares of Mettler-Toledo International stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $629.01, for a total value of $2,972,701.26. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Shawn Vadala sold 226 shares of Mettler-Toledo International stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $629.36, for a total transaction of $142,235.36. Following the completion of 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. In the last three months, insiders sold 39,969 shares of company stock valued at $25,242,999. Insiders own 5.20% of the company’s stock.

Several brokerages have recently issued reports on MTD. BidaskClub raised shares of Mettler-Toledo International from a “hold” rating to a “buy” rating in a research report on Monday, August 14th. Zacks Investment Research raised shares of Mettler-Toledo International from a “hold” rating to a “buy” rating and set a $711.00 target price for the company in a research report on Thursday, September 21st. Bank of America raised their target price on shares of Mettler-Toledo International from $640.00 to $710.00 and gave the company a “buy” rating in a research report on Monday, October 9th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $535.00 target price (down previously from $565.00) on shares of Mettler-Toledo International in a research report on Friday, October 6th. Finally, Jefferies Group reaffirmed a “hold” rating and issued a $600.00 target price on shares of Mettler-Toledo International in a research report on Friday, October 20th. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $621.57.

Mettler-Toledo International, Inc. (NYSE MTD) traded up $3.04 during trading on Monday, reaching $623.19. 104,400 shares of the company were exchanged, compared to its average volume of 156,235. The company has a market capitalization of $15,940.65, a P/E ratio of 36.88, a P/E/G ratio of 2.85 and a beta of 1.09. Mettler-Toledo International, Inc. has a 1-year low of $408.97 and a 1-year high of $694.48. The company has a current ratio of 1.51, a quick ratio of 1.11 and a debt-to-equity ratio of 2.05.

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

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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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