Tocqueville Asset Management L.P. boosted its stake in shares of Mettler-Toledo International, Inc. (NYSE:MTD) by 40.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 702 shares of the medical instruments supplier’s stock after buying an additional 202 shares during the period. Tocqueville Asset Management L.P.’s holdings in Mettler-Toledo International were worth $413,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the stock. Cadence Capital Management LLC raised its stake in shares of Mettler-Toledo International by 1.6% in the second quarter. Cadence Capital Management LLC now owns 2,880 shares of the medical instruments supplier’s stock valued at $1,695,000 after buying an additional 45 shares in the last quarter. Columbus Circle Investors raised its stake in shares of Mettler-Toledo International by 1.1% in the second quarter. Columbus Circle Investors now owns 37,440 shares of the medical instruments supplier’s stock valued at $22,035,000 after buying an additional 405 shares in the last quarter. State Board of Administration of Florida Retirement System raised its stake in shares of Mettler-Toledo International by 1.0% in the second quarter. State Board of Administration of Florida Retirement System now owns 35,186 shares of the medical instruments supplier’s stock valued at $20,708,000 after buying an additional 352 shares in the last quarter. BB&T Securities LLC raised its stake in shares of Mettler-Toledo International by 5.1% in the second quarter. BB&T Securities LLC now owns 1,045 shares of the medical instruments supplier’s stock valued at $615,000 after buying an additional 51 shares in the last quarter. Finally, Nippon Life Insurance Co. purchased a new stake in shares of Mettler-Toledo International during the second quarter valued at $1,162,000. 93.13% of the stock is owned by hedge funds and other institutional investors.

Mettler-Toledo International, Inc. (NYSE:MTD) opened at 598.40 on Thursday. The stock’s 50 day moving average price is $589.44 and its 200 day moving average price is $539.90. Mettler-Toledo International, Inc. has a 12-month low of $386.01 and a 12-month high of $618.13. The company has a market capitalization of $15.36 billion, a price-to-earnings ratio of 36.80 and a beta of 1.13.

Mettler-Toledo International (NYSE:MTD) last released its quarterly earnings data on Thursday, July 27th. The medical instruments supplier reported $3.92 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $3.89 by $0.03. The business had revenue of $653.70 million during the quarter, compared to analysts’ expectations of $646.68 million. Mettler-Toledo International had a net margin of 16.60% and a return on equity of 95.28%. The firm’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same period in the prior year, the company earned $3.22 EPS. On average, equities research analysts anticipate that Mettler-Toledo International, Inc. will post $17.39 earnings per share for the current fiscal year.

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Several analysts recently weighed in on the company. BidaskClub raised Mettler-Toledo International from a “hold” rating to a “buy” rating in a report on Monday, August 14th. Jefferies Group LLC reissued a “hold” rating and issued a $550.00 price objective on shares of Mettler-Toledo International in a report on Thursday, July 27th. Morgan Stanley reissued an “equal weight” rating and issued a $565.00 price objective (up from $533.00) on shares of Mettler-Toledo International in a report on Saturday, July 22nd. Zacks Investment Research raised Mettler-Toledo International from a “hold” rating to a “buy” rating and set a $684.00 price objective for the company in a report on Friday, July 21st. Finally, Wells Fargo & Company raised Mettler-Toledo International from a “market perform” rating to an “outperform” rating in a report on Wednesday, July 12th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $569.80.

In other Mettler-Toledo International news, insider Waldemar Rauch sold 2,203 shares of the company’s stock in a transaction that occurred on Monday, August 28th. The shares were sold at an average price of $594.27, for a total value of $1,309,176.81. Following the completion of the transaction, the insider now directly owns 7,771 shares in the company, valued at approximately $4,618,072.17. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, 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 transaction of $1,641,337.40. Following the completion of the transaction, the insider now owns 2,345 shares of the company’s stock, valued at $1,352,877.40. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 21,728 shares of company stock valued at $12,720,005. 5.20% of the stock is owned by corporate insiders.

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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