Pinnacle Wealth Planning Services Inc. grew its stake in Mettler-Toledo International Inc. (NYSE:MTD) by 14.9% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 454 shares of the medical instruments supplier’s stock after acquiring an additional 59 shares during the period. Pinnacle Wealth Planning Services Inc.’s holdings in Mettler-Toledo International were worth $329,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in MTD. Lindbrook Capital LLC acquired a new stake in Mettler-Toledo International in the 4th quarter valued at about $27,000. Executive Wealth Management LLC acquired a new stake in Mettler-Toledo International in the 4th quarter valued at about $33,000. CWM LLC lifted its stake in Mettler-Toledo International by 108.9% in the 4th quarter. CWM LLC now owns 94 shares of the medical instruments supplier’s stock valued at $53,000 after purchasing an additional 49 shares during the last quarter. First Personal Financial Services lifted its stake in Mettler-Toledo International by 38.2% in the 4th quarter. First Personal Financial Services now owns 94 shares of the medical instruments supplier’s stock valued at $53,000 after purchasing an additional 26 shares during the last quarter. Finally, Van ECK Associates Corp lifted its stake in Mettler-Toledo International by 36.6% in the 4th quarter. Van ECK Associates Corp now owns 97 shares of the medical instruments supplier’s stock valued at $55,000 after purchasing an additional 26 shares during the last quarter. Institutional investors own 96.04% of the company’s stock.

MTD stock traded up $5.66 during mid-day trading on Wednesday, hitting $722.16. 516 shares of the company were exchanged, compared to its average volume of 143,506. The company has a quick ratio of 0.97, a current ratio of 1.37 and a debt-to-equity ratio of 1.80. The company has a market capitalization of $17.77 billion, a PE ratio of 35.36, a price-to-earnings-growth ratio of 2.34 and a beta of 1.33. Mettler-Toledo International Inc. has a 1-year low of $500.74 and a 1-year high of $762.90.

Mettler-Toledo International (NYSE:MTD) last issued its quarterly earnings data on Thursday, May 9th. The medical instruments supplier reported $4.10 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $4.06 by $0.04. The firm had revenue of $679.50 million during the quarter, compared to the consensus estimate of $673.55 million. Mettler-Toledo International had a net margin of 17.98% and a return on equity of 95.67%. The business’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same period last year, the business posted $3.74 earnings per share. As a group, research analysts expect that Mettler-Toledo International Inc. will post 22.7 EPS for the current year.

In other news, Director Wah-Hui Chu sold 300 shares of Mettler-Toledo International stock in a transaction that occurred on Friday, May 17th. The shares were sold at an average price of $740.00, for a total value of $222,000.00. Following the completion of the sale, the director now directly owns 3,154 shares in the company, valued at $2,333,960. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Robert F. Spoerry sold 35,000 shares of Mettler-Toledo International stock in a transaction that occurred on Thursday, February 21st. The shares were sold at an average price of $672.50, for a total transaction of $23,537,500.00. Following the completion of the sale, the director now owns 5,894 shares of the company’s stock, valued at $3,963,715. The disclosure for this sale can be found here. Insiders have sold 42,900 shares of company stock valued at $29,205,850 over the last 90 days. Company insiders own 3.50% of the company’s stock.

Several brokerages recently issued reports on MTD. Zacks Investment Research downgraded shares of Mettler-Toledo International from a “buy” rating to a “hold” rating in a research note on Thursday, May 16th. Barclays reiterated a “hold” rating on shares of Mettler-Toledo International in a research note on Wednesday, May 15th. ValuEngine downgraded shares of Mettler-Toledo International from a “buy” rating to a “hold” rating in a research note on Monday, May 13th. Finally, Bank of America reiterated a “neutral” rating and issued a $755.00 target price (up from $725.00) on shares of Mettler-Toledo International in a research note on Tuesday, April 16th. One equities research analyst has rated the stock with a sell rating and seven have assigned a hold rating to the company’s stock. Mettler-Toledo International currently has a consensus rating of “Hold” and a consensus target price of $658.80.

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Mettler-Toledo International Profile

Mettler-Toledo International Inc manufactures and supplies precision instruments and services worldwide. The company operates in five segments: U.S. Operations, Swiss Operations, Western European Operations, Chinese Operations, and Other. It offers weighing instruments for laboratory, industrial, packaging, logistics, and food retailing applications; various related analytical instruments and provides automated chemistry solutions used in drug and chemical compound discovery and development; metal detection and other end-of-line product inspection systems used in production and packaging for food processing and packaging, pharmaceutical, packaged consumer goods, and other industries; and solutions that are used in various process analytics applications.

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

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