Bp Plc maintained its stake in shares of Mettler-Toledo International, Inc. (NYSE:MTD) during the second quarter, Holdings Channel reports. The firm owned 3,000 shares of the medical instruments supplier’s stock at the end of the second quarter. Bp Plc’s holdings in Mettler-Toledo International were worth $1,765,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the company. Israel Discount Bank of New York bought a new stake in shares of Mettler-Toledo International during the first quarter worth approximately $102,000. YorkBridge Wealth Partners LLC raised its stake in shares of Mettler-Toledo International by 11.0% in the first quarter. YorkBridge Wealth Partners LLC now owns 222 shares of the medical instruments supplier’s stock worth $115,000 after buying an additional 22 shares during the last quarter. TLP Group LLC bought a new stake in shares of Mettler-Toledo International during the first quarter worth approximately $144,000. Penserra Capital Management LLC raised its stake in shares of Mettler-Toledo International by 9.5% in the first quarter. Penserra Capital Management LLC now owns 414 shares of the medical instruments supplier’s stock worth $198,000 after buying an additional 36 shares during the last quarter. Finally, Fernwood Investment Management LLC bought a new stake in shares of Mettler-Toledo International during the first quarter worth approximately $204,000. Institutional investors and hedge funds own 96.22% of the company’s stock.

Shares of Mettler-Toledo International, Inc. (MTD) opened at 577.58 on Friday. Mettler-Toledo International, Inc. has a 52 week low of $386.01 and a 52 week high of $618.13. The firm has a 50-day moving average of $591.25 and a 200 day moving average of $529.09. The firm has a market capitalization of $14.83 billion, a price-to-earnings ratio of 35.52 and a beta of 1.13.

Mettler-Toledo International (NYSE:MTD) last released its quarterly earnings data on Thursday, July 27th. The medical instruments supplier reported $3.92 earnings per share 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 firm had revenue of $653.70 million for the quarter, compared to analyst estimates of $646.68 million. During the same period last year, the firm earned $3.22 earnings per share. The business’s quarterly revenue was up 7.5% compared to the same quarter last year. On average, equities analysts predict that Mettler-Toledo International, Inc. will post $16.89 earnings per share for the current fiscal year.

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A number of brokerages recently commented on MTD. Zacks Investment Research upgraded shares of Mettler-Toledo International from a “hold” rating to a “buy” rating and set a $665.00 price objective on the stock in a report on Wednesday, June 7th. Cleveland Research upgraded shares of Mettler-Toledo International from a “neutral” rating to a “buy” rating in a report on Wednesday, April 19th. BidaskClub upgraded shares of Mettler-Toledo International from a “buy” rating to a “strong-buy” rating in a report on Wednesday, July 12th. Jefferies Group LLC restated a “hold” rating and set a $550.00 price objective on shares of Mettler-Toledo International in a report on Thursday, July 27th. Finally, Wells Fargo & Company upgraded shares of Mettler-Toledo International from a “market perform” rating to an “outperform” rating in a research note on Wednesday, July 12th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $569.80.

In other news, insider Thomas Caratsch sold 2,000 shares of the stock in a transaction dated Monday, May 15th. The shares were sold at an average price of $557.00, for a total value of $1,114,000.00. Following the completion of the sale, the insider now owns 2,770 shares in the company, valued at $1,542,890. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Robert F. Spoerry sold 6,200 shares of the stock in a transaction dated Tuesday, May 23rd. The shares were sold at an average price of $570.00, for a total transaction of $3,534,000.00. Following the completion of the sale, the director now owns 6,454 shares of the company’s stock, valued at approximately $3,678,780. The disclosure for this sale can be found here. Insiders sold 23,996 shares of company stock worth $13,673,195 over the last ninety days. Insiders own 5.20% of the company’s stock.

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.

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

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