Mettler-Toledo International, Inc. (MTD) Stake Increased by Morgan Stanley

Morgan Stanley boosted its position in Mettler-Toledo International, Inc. (NYSE:MTD) by 37.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 269,128 shares of the medical instruments supplier’s stock after buying an additional 73,762 shares during the period. Morgan Stanley’s holdings in Mettler-Toledo International were worth $128,890,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Israel Discount Bank of New York purchased a new stake in Mettler-Toledo International during the first quarter worth approximately $102,000. YorkBridge Wealth Partners LLC increased its stake in Mettler-Toledo International by 11.0% in the first quarter. YorkBridge Wealth Partners LLC now owns 222 shares of the medical instruments supplier’s stock worth $115,000 after buying an additional 22 shares during the last quarter. TLP Group LLC purchased a new stake in Mettler-Toledo International during the first quarter worth approximately $144,000. Ladenburg Thalmann Financial Services Inc. increased its stake in Mettler-Toledo International by 2.0% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 465 shares of the medical instruments supplier’s stock worth $195,000 after buying an additional 9 shares during the last quarter. Finally, Van ECK Associates Corp increased its stake in Mettler-Toledo International by 0.9% in the fourth quarter. Van ECK Associates Corp now owns 471 shares of the medical instruments supplier’s stock worth $197,000 after buying an additional 4 shares during the last quarter. Institutional investors and hedge funds own 96.57% of the company’s stock.

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

Shares of Mettler-Toledo International, Inc. (MTD) traded up 0.08% during mid-day trading on Tuesday, reaching $595.28. The company had a trading volume of 118,107 shares. The company’s 50-day moving average is $568.19 and its 200 day moving average is $484.83. Mettler-Toledo International, Inc. has a 52-week low of $343.61 and a 52-week high of $604.99. The stock has a market capitalization of $15.37 billion, a P/E ratio of 38.84 and a beta of 1.10.

Mettler-Toledo International (NYSE:MTD) last released its quarterly earnings data on Thursday, May 4th. The medical instruments supplier reported $3.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.08 by $0.26. Mettler-Toledo International had a net margin of 16.04% and a return on equity of 90.28%. The business had revenue of $594.57 million during the quarter, compared to analyst estimates of $571.30 million. During the same quarter in the previous year, the business earned $2.46 EPS. Mettler-Toledo International’s quarterly revenue was up 10.2% compared to the same quarter last year. Analysts anticipate that Mettler-Toledo International, Inc. will post $17.19 EPS for the current fiscal year.

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MTD has been the subject of several recent research reports. Zacks Investment Research upgraded Mettler-Toledo International from a “hold” rating to a “buy” rating and set a $665.00 price target for the company in a report on Wednesday, June 7th. Cleveland Research upgraded Mettler-Toledo International from a “neutral” rating to a “buy” rating in a report on Wednesday, April 19th. BidaskClub downgraded Mettler-Toledo International from a “strong-buy” rating to a “buy” rating in a report on Tuesday, June 13th. Jefferies Group LLC reiterated a “hold” rating and issued a $550.00 price target on shares of Mettler-Toledo International in a report on Tuesday. Finally, Bank of America Corporation increased their price target on Mettler-Toledo International from $590.00 to $630.00 and gave the company a “buy” rating in a report on Wednesday, May 31st. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $509.17.

In related news, CFO Shawn Vadala sold 700 shares of Mettler-Toledo International stock in a transaction on Monday, May 8th. The shares were sold at an average price of $543.64, for a total value of $380,548.00. Following the transaction, the chief financial officer now owns 6,225 shares in the company, valued at approximately $3,384,159. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Robert F. Spoerry sold 4,000 shares of Mettler-Toledo International stock in a transaction on Tuesday, May 9th. The stock was sold at an average price of $545.15, for a total transaction of $2,180,600.00. Following the completion of the transaction, the director now owns 9,287 shares in the company, valued at approximately $5,062,808.05. The disclosure for this sale can be found here. Insiders sold a total of 52,046 shares of company stock worth $28,826,702 in the last quarter. Insiders own 5.20% of the company’s stock.

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “MTD”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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