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

Morgan Stanley raised its stake in Mettler-Toledo International, Inc. (NYSE:MTD) by 37.8% during the first quarter, according to its most recent disclosure with the SEC. 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 owned 1.04% of Mettler-Toledo International worth $128,890,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. FMR LLC boosted its stake in Mettler-Toledo International by 0.4% in the first quarter. FMR LLC now owns 2,765,423 shares of the medical instruments supplier’s stock valued at $1,324,389,000 after buying an additional 9,729 shares during the period. Vanguard Group Inc. boosted its stake in Mettler-Toledo International by 0.7% in the first quarter. Vanguard Group Inc. now owns 2,547,233 shares of the medical instruments supplier’s stock valued at $1,219,895,000 after buying an additional 17,242 shares during the period. Baillie Gifford & Co. boosted its stake in Mettler-Toledo International by 1.5% in the first quarter. Baillie Gifford & Co. now owns 639,613 shares of the medical instruments supplier’s stock valued at $306,317,000 after buying an additional 9,219 shares during the period. Fiera Capital Corp boosted its stake in Mettler-Toledo International by 7.1% in the fourth quarter. Fiera Capital Corp now owns 547,460 shares of the medical instruments supplier’s stock valued at $229,144,000 after buying an additional 36,056 shares during the period. Finally, Bank of New York Mellon Corp boosted its stake in Mettler-Toledo International by 13.7% in the first quarter. Bank of New York Mellon Corp now owns 390,609 shares of the medical instruments supplier’s stock valued at $187,067,000 after buying an additional 47,179 shares during the period. 96.57% of the stock is owned by institutional investors.

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

Shares of Mettler-Toledo International, Inc. (NYSE:MTD) traded up 0.08% during midday trading on Tuesday, hitting $595.28. The stock had a trading volume of 118,106 shares. The stock has a 50-day moving average price of $568.19 and a 200-day moving average price of $484.83. The stock has a market cap of $15.37 billion, a P/E ratio of 38.84 and a beta of 1.10. Mettler-Toledo International, Inc. has a 12-month low of $343.61 and a 12-month high of $604.99.

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

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MTD has been the subject of several recent analyst reports. Bank of America Corporation raised their target price on Mettler-Toledo International from $590.00 to $630.00 and gave the stock a “buy” rating in a research note on Wednesday, May 31st. Zacks Investment Research cut Mettler-Toledo International from a “buy” rating to a “hold” rating in a research note on Monday, June 5th. Jefferies Group LLC reissued a “hold” rating and set a $550.00 target price on shares of Mettler-Toledo International in a research note on Tuesday. BidaskClub cut Mettler-Toledo International from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, June 13th. Finally, Cleveland Research raised Mettler-Toledo International from a “neutral” rating to a “buy” rating in a research note on Wednesday, April 19th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $509.17.

In other news, insider Waldemar Rauch sold 1,100 shares of the company’s stock in a transaction on Tuesday, June 6th. The stock was sold at an average price of $595.91, for a total transaction of $655,501.00. Following the completion of the sale, the insider now directly owns 3,065 shares in the company, valued at approximately $1,826,464.15. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Oliver A. Filliol sold 21,800 shares of the company’s stock in a transaction on Wednesday, May 10th. The stock was sold at an average price of $548.87, for a total value of $11,965,366.00. Following the sale, the insider now owns 28,079 shares of the company’s stock, valued at $15,411,720.73. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 52,046 shares of company stock valued at $28,826,702. 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.

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