State of Wisconsin Investment Board Has $15.62 Million Holdings in Mettler-Toledo International, Inc. (MTD)

State of Wisconsin Investment Board cut its position in shares of Mettler-Toledo International, Inc. (NYSE:MTD) by 2.0% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 24,947 shares of the medical instruments supplier’s stock after selling 506 shares during the quarter. State of Wisconsin Investment Board owned 0.10% of Mettler-Toledo International worth $15,621,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of MTD. State of Alaska Department of Revenue increased its holdings in shares of Mettler-Toledo International by 0.5% in the 2nd quarter. State of Alaska Department of Revenue now owns 1,087 shares of the medical instruments supplier’s stock valued at $639,000 after purchasing an additional 5 shares during the period. First Personal Financial Services increased its holdings in shares of Mettler-Toledo International by 2.8% in the 2nd quarter. First Personal Financial Services now owns 186 shares of the medical instruments supplier’s stock valued at $109,000 after purchasing an additional 5 shares during the period. Contravisory Investment Management Inc. increased its holdings in shares of Mettler-Toledo International by 1.3% in the 2nd quarter. Contravisory Investment Management Inc. now owns 558 shares of the medical instruments supplier’s stock valued at $328,000 after purchasing an additional 7 shares during the period. Advisor Partners LLC increased its holdings in shares of Mettler-Toledo International by 3.5% in the 2nd quarter. Advisor Partners LLC now owns 468 shares of the medical instruments supplier’s stock valued at $275,000 after purchasing an additional 16 shares during the period. Finally, Alps Advisors Inc. increased its holdings in shares of Mettler-Toledo International by 1.4% in the 2nd quarter. Alps Advisors Inc. now owns 1,225 shares of the medical instruments supplier’s stock valued at $721,000 after purchasing an additional 17 shares during the period. 93.52% of the stock is owned by institutional investors.

A number of brokerages have recently weighed in on MTD. BidaskClub upgraded Mettler-Toledo International from a “hold” rating to a “buy” rating in a report on Monday, August 14th. Zacks Investment Research upgraded Mettler-Toledo International from a “hold” rating to a “buy” rating and set a $711.00 target price on the stock in a report on Thursday, September 21st. Bank of America Corporation upped their target price on Mettler-Toledo International from $640.00 to $710.00 and gave the company a “buy” rating in a report on Monday, October 9th. Morgan Stanley reiterated an “equal weight” rating and issued a $535.00 target price (down previously from $565.00) on shares of Mettler-Toledo International in a report on Friday, October 6th. Finally, Jefferies Group LLC reiterated a “hold” rating and issued a $550.00 target price on shares of Mettler-Toledo International in a report on Thursday, July 27th. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $621.57.

In other Mettler-Toledo International news, insider Thomas Caratsch sold 1,500 shares of the stock in a transaction that occurred on Tuesday, August 22nd. The stock was sold at an average price of $588.00, for a total transaction of $882,000.00. Following the transaction, the insider now owns 2,270 shares in the company, valued at $1,334,760. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Michael A. Kelly sold 3,384 shares of the stock in a transaction that occurred on Monday, November 6th. The shares were sold at an average price of $638.24, for a total value of $2,159,804.16. Following the transaction, the director now owns 4,762 shares in the company, valued at approximately $3,039,298.88. The disclosure for this sale can be found here. Insiders sold 20,065 shares of company stock worth $12,128,286 in the last 90 days. 5.20% of the stock is currently owned by corporate insiders.

Mettler-Toledo International, Inc. (MTD) opened at $630.84 on Tuesday. Mettler-Toledo International, Inc. has a twelve month low of $407.87 and a twelve month high of $694.48. The company has a market capitalization of $15,927.09, a P/E ratio of 36.84, a P/E/G ratio of 2.84 and a beta of 1.13. The company has a quick ratio of 1.11, a current ratio of 1.51 and a debt-to-equity ratio of 2.05.

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

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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.

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

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