Signaturefd LLC Raises Stock Position in Mettler-Toledo International Inc. (NYSE:MTD)

Signaturefd LLC lifted its stake in shares of Mettler-Toledo International Inc. (NYSE:MTD) by 11.0% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 172 shares of the medical instruments supplier’s stock after acquiring an additional 17 shares during the quarter. Signaturefd LLC’s holdings in Mettler-Toledo International were worth $144,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of MTD. Comerica Securities Inc. increased its position in shares of Mettler-Toledo International by 48.6% during the fourth quarter. Comerica Securities Inc. now owns 670 shares of the medical instruments supplier’s stock worth $379,000 after acquiring an additional 219 shares during the period. Dimensional Fund Advisors LP increased its holdings in Mettler-Toledo International by 10.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 119,951 shares of the medical instruments supplier’s stock valued at $67,839,000 after buying an additional 11,654 shares during the period. Geode Capital Management LLC increased its holdings in Mettler-Toledo International by 6.2% during the fourth quarter. Geode Capital Management LLC now owns 345,645 shares of the medical instruments supplier’s stock valued at $195,168,000 after buying an additional 20,079 shares during the period. Millennium Management LLC increased its holdings in Mettler-Toledo International by 95.0% during the fourth quarter. Millennium Management LLC now owns 4,212 shares of the medical instruments supplier’s stock valued at $2,382,000 after buying an additional 2,052 shares during the period. Finally, Nisa Investment Advisors LLC increased its holdings in Mettler-Toledo International by 6.2% during the first quarter. Nisa Investment Advisors LLC now owns 18,655 shares of the medical instruments supplier’s stock valued at $13,488,000 after buying an additional 1,097 shares during the period. 96.46% of the stock is currently owned by institutional investors and hedge funds.

MTD has been the topic of several research reports. Barclays lowered shares of Mettler-Toledo International from an “equal weight” rating to an “underweight” rating and set a $680.00 price objective on the stock. in a report on Monday, July 15th. Wolfe Research initiated coverage on shares of Mettler-Toledo International in a report on Thursday, May 30th. They set a “peer perform” rating on the stock. Zacks Investment Research lowered shares of Mettler-Toledo International from a “buy” rating to a “hold” rating and set a $811.00 price objective on the stock. in a report on Friday, June 7th. Finally, ValuEngine lowered shares of Mettler-Toledo International from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Two research analysts have rated the stock with a sell rating and five have issued a hold rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $688.60.

In other Mettler-Toledo International news, insider Oliver A. Filliol sold 34,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 22nd. The shares were sold at an average price of $724.47, for a total value of $24,631,980.00. Following the completion of the sale, the insider now directly owns 29,632 shares in the company, valued at $21,467,495.04. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Robert F. Spoerry sold 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 28th. The shares were sold at an average price of $740.00, for a total transaction of $1,480,000.00. Following the completion of the sale, the director now owns 7,894 shares of the company’s stock, valued at $5,841,560. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 43,325 shares of company stock valued at $31,566,228. 3.50% of the stock is owned by insiders.

Shares of MTD stock opened at $660.39 on Friday. The firm has a market cap of $16.98 billion, a price-to-earnings ratio of 32.50, a PEG ratio of 2.21 and a beta of 1.33. The company’s 50 day moving average is $789.12 and its 200 day moving average is $740.10. The company has a quick ratio of 0.98, a current ratio of 1.39 and a debt-to-equity ratio of 2.16. Mettler-Toledo International Inc. has a 52-week low of $500.74 and a 52-week high of $873.51.

Mettler-Toledo International (NYSE:MTD) last announced its earnings results on Thursday, August 1st. The medical instruments supplier reported $5.16 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $5.09 by $0.07. The company had revenue of $731.00 million during the quarter, compared to the consensus estimate of $736.23 million. Mettler-Toledo International had a net margin of 18.45% and a return on equity of 98.65%. Mettler-Toledo International’s revenue was up 1.2% compared to the same quarter last year. During the same period last year, the firm earned $4.65 earnings per share. Analysts anticipate that Mettler-Toledo International Inc. will post 22.71 EPS for the current fiscal year.

About Mettler-Toledo International

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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