Norinchukin Bank The lowered its holdings in shares of Mettler-Toledo International, Inc. (NYSE:MTD) by 3.1% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 25,612 shares of the medical instruments supplier’s stock after selling 813 shares during the period. Norinchukin Bank The owned about 0.10% of Mettler-Toledo International worth $16,037,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in MTD. First Personal Financial Services boosted its position in 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 valued at $109,000 after buying an additional 5 shares during the period. Contravisory Investment Management Inc. boosted its position in Mettler-Toledo International by 1.3% during the 2nd quarter. Contravisory Investment Management Inc. now owns 558 shares of the medical instruments supplier’s stock valued at $328,000 after buying an additional 7 shares during the period. Advisor Partners LLC boosted its position in Mettler-Toledo International by 3.5% during the 2nd quarter. Advisor Partners LLC now owns 468 shares of the medical instruments supplier’s stock valued at $275,000 after buying an additional 16 shares during the period. Alps Advisors Inc. boosted its position in Mettler-Toledo International by 1.4% during the 2nd quarter. Alps Advisors Inc. now owns 1,225 shares of the medical instruments supplier’s stock valued at $721,000 after buying an additional 17 shares during the period. Finally, Commonwealth Bank of Australia boosted its position in Mettler-Toledo International by 3.1% during the 2nd quarter. Commonwealth Bank of Australia now owns 562 shares of the medical instruments supplier’s stock valued at $329,000 after buying an additional 17 shares during the period. 93.38% of the stock is currently owned by institutional investors.

Several equities research analysts have weighed in on MTD shares. Goldman Sachs Group, Inc. (The) reissued a “buy” rating and set a $690.00 price target on shares of Mettler-Toledo International in a research report on Tuesday, September 26th. Zacks Investment Research raised shares of Mettler-Toledo International from a “hold” rating to a “buy” rating and set a $711.00 price target for the company in a research report on Thursday, September 21st. BidaskClub raised shares of Mettler-Toledo International from a “hold” rating to a “buy” rating in a research report on Monday, August 14th. Bank of America Corporation increased their price target 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. Finally, Morgan Stanley increased their price target on shares of Mettler-Toledo International from $535.00 to $545.00 and gave the company an “equal weight” rating in a research report on Friday, November 3rd. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $621.57.

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Mettler-Toledo International, Inc. (NYSE:MTD) traded down $4.30 during trading hours on Wednesday, hitting $627.62. 94,800 shares of the stock traded hands, compared to its average volume of 157,917. Mettler-Toledo International, Inc. has a 12-month low of $407.87 and a 12-month 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. The stock has a market cap of $16,163.96, a PE ratio of 37.39, a price-to-earnings-growth ratio of 2.89 and a beta of 1.13.

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

In other news, CFO Shawn Vadala sold 300 shares of the firm’s stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $630.00, for a total value of $189,000.00. Following the completion of the sale, the chief financial officer now directly owns 5,599 shares of the company’s stock, valued at approximately $3,527,370. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Christian Magloth sold 750 shares of the firm’s stock in a transaction dated Thursday, August 24th. The stock was sold at an average price of $590.00, for a total transaction of $442,500.00. Following the completion of the sale, the insider now directly owns 750 shares of the company’s stock, valued at $442,500. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 43,591 shares of company stock valued at $27,262,591. Corporate insiders own 5.20% of the company’s stock.

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.

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

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