Zurcher Kantonalbank Zurich Cantonalbank reduced its position in Mettler-Toledo International, Inc. (NYSE:MTD) by 20.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,905 shares of the medical instruments supplier’s stock after selling 1,474 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Mettler-Toledo International were worth $3,475,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in MTD. BlackRock Inc. grew its holdings in shares of Mettler-Toledo International by 1,735.6% during the 1st quarter. BlackRock Inc. now owns 1,748,149 shares of the medical instruments supplier’s stock valued at $837,207,000 after purchasing an additional 1,652,915 shares during the last quarter. Clearbridge Investments LLC grew its holdings in shares of Mettler-Toledo International by 97.4% during the 1st quarter. Clearbridge Investments LLC now owns 180,393 shares of the medical instruments supplier’s stock valued at $86,392,000 after purchasing an additional 89,000 shares during the last quarter. Morgan Stanley grew its holdings in shares of Mettler-Toledo International by 37.8% during the 1st quarter. Morgan Stanley now owns 269,128 shares of the medical instruments supplier’s stock valued at $128,890,000 after purchasing an additional 73,762 shares during the last quarter. Acadian Asset Management LLC grew its holdings in shares of Mettler-Toledo International by 15.4% during the 2nd quarter. Acadian Asset Management LLC now owns 549,695 shares of the medical instruments supplier’s stock valued at $323,520,000 after purchasing an additional 73,217 shares during the last quarter. Finally, Pictet Asset Management Ltd. grew its holdings in shares of Mettler-Toledo International by 125.6% during the 1st quarter. Pictet Asset Management Ltd. now owns 104,398 shares of the medical instruments supplier’s stock valued at $49,998,000 after purchasing an additional 58,120 shares during the last quarter. 93.14% of the stock is currently owned by institutional investors.

Several brokerages recently issued reports on MTD. Zacks Investment Research raised shares of Mettler-Toledo International from a “hold” rating to a “buy” rating and set a $655.00 price target on the stock in a report on Wednesday, June 14th. BidaskClub lowered shares of Mettler-Toledo International from a “strong-buy” rating to a “buy” rating in a report on Tuesday, June 13th. Wells Fargo & Company raised shares of Mettler-Toledo International from a “market perform” rating to an “outperform” rating in a report on Wednesday, July 12th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and set a $565.00 price target (up from $533.00) on shares of Mettler-Toledo International in a report on Saturday, July 22nd. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $569.80.

In other Mettler-Toledo International news, insider William P. Donnelly sold 2,845 shares of the stock in a transaction that occurred on Thursday, August 3rd. The shares were sold at an average price of $576.92, for a total transaction of $1,641,337.40. Following the transaction, the insider now directly owns 2,345 shares in the company, valued at $1,352,877.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Waldemar Rauch sold 2,203 shares of the stock in a transaction that occurred on Monday, August 28th. The shares were sold at an average price of $594.27, for a total transaction of $1,309,176.81. Following the transaction, the insider now owns 7,771 shares in the company, valued at $4,618,072.17. The disclosure for this sale can be found here. Insiders have sold 20,628 shares of company stock worth $12,064,504 over the last quarter. Company insiders own 5.20% of the company’s stock.

Shares of Mettler-Toledo International, Inc. (NYSE:MTD) opened at 602.94 on Tuesday. Mettler-Toledo International, Inc. has a one year low of $386.01 and a one year high of $618.13. The company’s 50 day moving average is $589.81 and its 200 day moving average is $544.71. The company has a market capitalization of $15.48 billion, a price-to-earnings ratio of 37.08 and a beta of 1.11.

Mettler-Toledo International (NYSE:MTD) last issued its quarterly earnings results on Thursday, July 27th. The medical instruments supplier reported $3.92 EPS for the quarter, beating analysts’ consensus estimates of $3.89 by $0.03. Mettler-Toledo International had a net margin of 16.60% and a return on equity of 95.28%. The business had revenue of $653.70 million for the quarter, compared to analysts’ expectations of $646.68 million. During the same period last year, the business earned $3.22 earnings per share. The business’s quarterly revenue was up 7.5% on a year-over-year basis. Equities research analysts predict that Mettler-Toledo International, Inc. will post $17.39 earnings per share for the current year.

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

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