Harvest Fund Management Co. Ltd held its stake in Mettler-Toledo International, Inc. (NYSE:MTD) during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 329 shares of the medical instruments supplier’s stock at the close of the 2nd quarter. Harvest Fund Management Co. Ltd’s holdings in Mettler-Toledo International were worth $194,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Israel Discount Bank of New York bought a new stake in Mettler-Toledo International during the first quarter worth approximately $102,000. First Personal Financial Services boosted its holdings in Mettler-Toledo International by 2.8% during the second quarter. First Personal Financial Services now owns 186 shares of the medical instruments supplier’s stock worth $109,000 after buying an additional 5 shares in the last quarter. TLP Group LLC bought a new stake in Mettler-Toledo International during the first quarter worth approximately $144,000. Penserra Capital Management LLC boosted its holdings in Mettler-Toledo International by 9.5% during 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 in the last quarter. Finally, Fernwood Investment Management LLC bought a new stake in Mettler-Toledo International during the first quarter worth approximately $204,000. Hedge funds and other institutional investors own 93.14% of the company’s stock.

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MTD has been the subject of a number of research reports. BidaskClub upgraded shares of Mettler-Toledo International from a “buy” rating to a “strong-buy” rating in a report on Thursday, June 22nd. Bank of America Corporation raised their target price on shares of Mettler-Toledo International from $590.00 to $630.00 and gave the stock a “buy” rating in a report on Wednesday, May 31st. Zacks Investment Research upgraded shares of Mettler-Toledo International from a “hold” rating to a “buy” rating and set a $664.00 price target for the company in a research report on Thursday, June 22nd. Wells Fargo & Company upgraded shares of Mettler-Toledo International from a “market perform” rating to an “outperform” rating in a research report on Wednesday, July 12th. Finally, Jefferies Group LLC restated 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 analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $574.00.

In related news, CFO Shawn Vadala sold 1,500 shares of the business’s stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $577.00, for a total transaction of $865,500.00. Following the completion of the transaction, the chief financial officer now owns 6,525 shares in the company, valued at $3,764,925. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Thomas P. Salice sold 890 shares of the business’s stock in a transaction that occurred on Thursday, September 7th. The shares were sold at an average price of $611.00, for a total transaction of $543,790.00. Following the transaction, the director now owns 62,437 shares of the company’s stock, valued at approximately $38,149,007. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 27,356 shares of company stock valued at $16,150,829. Corporate insiders own 5.20% of the company’s stock.

Shares of Mettler-Toledo International, Inc. (NYSE:MTD) traded up 0.19% during midday trading on Friday, hitting $626.00. 218,175 shares of the company traded hands. Mettler-Toledo International, Inc. has a 12-month low of $395.61 and a 12-month high of $629.63. The stock’s 50-day moving average is $592.34 and its 200 day moving average is $554.17. The stock has a market capitalization of $16.07 billion, a P/E ratio of 38.49 and a beta of 1.11.

Mettler-Toledo International (NYSE:MTD) last issued its quarterly earnings data on Thursday, July 27th. The medical instruments supplier reported $3.92 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $3.89 by $0.03. The firm 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 business’s revenue for the quarter was up 7.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $3.22 earnings per share. On average, analysts expect that Mettler-Toledo International, Inc. will post $17.33 earnings per share for the current year.

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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