Mutual of America Capital Management LLC Raises Stock Holdings in Mettler-Toledo International Inc. (NYSE:MTD)

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Mutual of America Capital Management LLC raised its position in Mettler-Toledo International Inc. (NYSE:MTDGet Rating) by 0.9% in the first quarter, Holdings Channel.com reports. The institutional investor owned 3,564 shares of the medical instruments supplier’s stock after purchasing an additional 31 shares during the period. Mutual of America Capital Management LLC’s holdings in Mettler-Toledo International were worth $4,894,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in shares of Mettler-Toledo International during the fourth quarter worth approximately $318,096,000. SkyView Investment Advisors LLC raised its stake in shares of Mettler-Toledo International by 41,529.7% during the fourth quarter. SkyView Investment Advisors LLC now owns 88,255 shares of the medical instruments supplier’s stock worth $384,000 after purchasing an additional 88,043 shares during the last quarter. State Street Corp raised its stake in shares of Mettler-Toledo International by 2.8% during the fourth quarter. State Street Corp now owns 1,004,301 shares of the medical instruments supplier’s stock worth $1,704,510,000 after purchasing an additional 27,181 shares during the last quarter. Ensign Peak Advisors Inc raised its stake in shares of Mettler-Toledo International by 77.2% during the fourth quarter. Ensign Peak Advisors Inc now owns 61,228 shares of the medical instruments supplier’s stock worth $103,917,000 after purchasing an additional 26,667 shares during the last quarter. Finally, BlackRock Inc. raised its stake in shares of Mettler-Toledo International by 1.1% during the fourth quarter. BlackRock Inc. now owns 2,027,377 shares of the medical instruments supplier’s stock worth $3,440,885,000 after purchasing an additional 22,501 shares during the last quarter. Hedge funds and other institutional investors own 93.88% of the company’s stock.

Insider Buying and Selling at Mettler-Toledo International

In other Mettler-Toledo International news, Director Olivier A. Filliol sold 9,570 shares of the company’s stock in a transaction on Tuesday, May 31st. The stock was sold at an average price of $1,287.11, for a total value of $12,317,642.70. Following the sale, the director now owns 16,309 shares of the company’s stock, valued at $20,991,476.99. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CFO Shawn Vadala sold 400 shares of the stock in a transaction on Monday, May 23rd. The stock was sold at an average price of $1,245.00, for a total transaction of $498,000.00. Following the sale, the chief financial officer now owns 4,900 shares of the company’s stock, valued at $6,100,500. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Olivier A. Filliol sold 9,570 shares of the stock in a transaction on Tuesday, May 31st. The shares were sold at an average price of $1,287.11, for a total value of $12,317,642.70. Following the sale, the director now directly owns 16,309 shares in the company, valued at approximately $20,991,476.99. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 38,571 shares of company stock valued at $48,377,720. Insiders own 2.80% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on MTD. The Goldman Sachs Group cut their price target on Mettler-Toledo International from $1,280.00 to $1,140.00 and set a “sell” rating for the company in a research note on Thursday, July 14th. UBS Group began coverage on Mettler-Toledo International in a research note on Wednesday, July 20th. They set a “neutral” rating and a $1,237.00 price target for the company. StockNews.com began coverage on Mettler-Toledo International in a report on Thursday, March 31st. They set a “buy” rating on the stock. Finally, Wells Fargo & Company raised Mettler-Toledo International from an “equal weight” rating to an “overweight” rating and dropped their price objective for the stock from $1,600.00 to $1,410.00 in a report on Monday, April 25th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $1,345.50.

Mettler-Toledo International Trading Down 1.3 %

Shares of MTD stock opened at $1,224.14 on Monday. The business’s fifty day moving average price is $1,200.79 and its 200 day moving average price is $1,322.83. Mettler-Toledo International Inc. has a 1-year low of $1,082.78 and a 1-year high of $1,714.75. The firm has a market capitalization of $27.83 billion, a PE ratio of 35.95, a P/E/G ratio of 1.82 and a beta of 1.08. The company has a debt-to-equity ratio of 20.89, a current ratio of 1.20 and a quick ratio of 0.79.

Mettler-Toledo International (NYSE:MTDGet Rating) last posted its earnings results on Thursday, May 5th. The medical instruments supplier reported $7.87 earnings per share for the quarter, beating the consensus estimate of $7.32 by $0.55. The company had revenue of $897.80 million for the quarter, compared to analyst estimates of $868.08 million. Mettler-Toledo International had a return on equity of 540.97% and a net margin of 20.82%. Mettler-Toledo International’s revenue was up 11.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $6.56 earnings per share. As a group, sell-side analysts forecast that Mettler-Toledo International Inc. will post 38 EPS for the current fiscal year.

About Mettler-Toledo International

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Mettler-Toledo International Inc engages in the manufacture and supply of precision instruments and services worldwide. It operates in five segments: U.S. Operations, Swiss Operations, Western European Operations, Chinese Operations, and Other. The company’s laboratory instruments include laboratory balances, liquid pipetting solutions, automated laboratory reactors, titrators, pH meters, process analytics sensors and analyzer technologies, physical value analyzers, thermal analysis systems, and other analytical instruments; and LabX, a laboratory software platform to manage and analyze data generated from its instruments.

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