DekaBank Deutsche Girozentrale increased its position in Mettler-Toledo International, Inc. (NYSE:MTD) by 4.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,490 shares of the medical instruments supplier’s stock after buying an additional 1,311 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Mettler-Toledo International were worth $17,878,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the company. Israel Discount Bank of New York bought a new position in shares of Mettler-Toledo International during the first quarter worth approximately $102,000. YorkBridge Wealth Partners LLC boosted 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 valued at $115,000 after buying an additional 22 shares during the last quarter. TLP Group LLC acquired a new stake in shares of Mettler-Toledo International during the first quarter valued at $144,000. CAPROCK Group Inc. acquired a new stake in shares of Mettler-Toledo International during the second quarter valued at $205,000. Finally, Personal Capital Advisors Corp acquired a new stake in shares of Mettler-Toledo International during the second quarter valued at $206,000. Institutional investors and hedge funds own 96.22% of the company’s stock.

Shares of Mettler-Toledo International, Inc. (NYSE: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 stock has a market cap of $14.83 billion, a PE ratio of 35.52 and a beta of 1.13. The company’s 50-day moving average is $591.25 and its 200-day moving average is $529.09.

Mettler-Toledo International (NYSE:MTD) last posted its quarterly earnings results on Thursday, July 27th. The medical instruments supplier reported $3.92 EPS for the quarter, topping the consensus estimate of $3.89 by $0.03. The company had revenue of $653.70 million during the quarter, compared to analysts’ expectations of $646.68 million. Mettler-Toledo International had a net margin of 16.60% and a return on equity of 95.28%. The firm’s revenue was up 7.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $3.22 EPS. Equities analysts anticipate that Mettler-Toledo International, Inc. will post $16.89 EPS for the current year.

COPYRIGHT VIOLATION NOTICE: This story was first reported by Daily Political and is the property of of Daily Political. If you are viewing this story on another website, it was illegally copied and reposted in violation of international trademark and copyright legislation. The correct version of this story can be viewed at https://www.dailypolitical.com/2017/08/12/mettler-toledo-international-inc-nysemtd-shares-bought-by-dekabank-deutsche-girozentrale.html.

MTD has been the subject of several research reports. Cleveland Research raised shares of Mettler-Toledo International from a “neutral” rating to a “buy” rating in a research report on Wednesday, April 19th. Zacks Investment Research cut shares of Mettler-Toledo International from a “buy” rating to a “hold” rating in a research report on Wednesday, May 24th. Bank of America Corporation upped their price target on shares of Mettler-Toledo International from $590.00 to $630.00 and gave the stock a “buy” rating in a research report on Wednesday, May 31st. BidaskClub cut shares of Mettler-Toledo International from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, June 13th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and issued a $550.00 price target on shares of Mettler-Toledo International in a research report on Tuesday, June 20th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $569.80.

In related news, CFO Shawn Vadala sold 330 shares of the company’s stock in a transaction on Monday, August 7th. The shares were sold at an average price of $577.00, for a total value of $190,410.00. Following the completion of the sale, the chief financial officer now owns 5,855 shares in the company, valued at approximately $3,378,335. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Thomas Caratsch sold 150 shares of the company’s stock in a transaction on Monday, August 7th. The shares were sold at an average price of $578.00, for a total transaction of $86,700.00. Following the completion of the sale, the insider now owns 920 shares of the company’s stock, valued at approximately $531,760. The disclosure for this sale can be found here. Insiders have sold a total of 23,996 shares of company stock valued at $13,673,195 in the last 90 days. 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.

Want to see what other hedge funds are holding MTD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mettler-Toledo International, Inc. (NYSE:MTD).

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

Receive News & Ratings for Mettler-Toledo International Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mettler-Toledo International Inc. and related companies with MarketBeat.com's FREE daily email newsletter.