New York State Common Retirement Fund lowered its holdings in Mettler-Toledo International, Inc. (NYSE:MTD) by 2.0% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 153,007 shares of the medical instruments supplier’s stock after selling 3,108 shares during the quarter. New York State Common Retirement Fund owned 0.60% of Mettler-Toledo International worth $90,051,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. Acrospire Investment Management LLC acquired a new position in shares of Mettler-Toledo International during the 2nd quarter worth $118,000. Thrivent Financial For Lutherans raised its stake in shares of Mettler-Toledo International by 6.0% during the 2nd quarter. Thrivent Financial For Lutherans now owns 34,194 shares of the medical instruments supplier’s stock worth $20,124,000 after buying an additional 1,930 shares during the last quarter. Profund Advisors LLC raised its stake in shares of Mettler-Toledo International by 2.6% during the 2nd quarter. Profund Advisors LLC now owns 716 shares of the medical instruments supplier’s stock worth $421,000 after buying an additional 18 shares during the last quarter. Laurion Capital Management LP acquired a new position in shares of Mettler-Toledo International during the 2nd quarter worth $824,000. Finally, Amalgamated Bank raised its stake in shares of Mettler-Toledo International by 50.1% during the 2nd quarter. Amalgamated Bank now owns 2,983 shares of the medical instruments supplier’s stock worth $1,756,000 after buying an additional 996 shares during the last quarter. 93.18% of the stock is owned by institutional investors.

Mettler-Toledo International, Inc. (MTD) traded up 0.023% on Tuesday, hitting $633.425. The stock had a trading volume of 17,188 shares. Mettler-Toledo International, Inc. has a one year low of $394.49 and a one year high of $635.42. The company has a market cap of $16.26 billion, a PE ratio of 38.951 and a beta of 1.11. The stock has a 50-day moving average of $593.92 and a 200-day moving average of $556.34.

Mettler-Toledo International (NYSE:MTD) last announced its quarterly earnings data on Thursday, July 27th. The medical instruments supplier reported $3.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.89 by $0.03. The firm had revenue of $653.70 million during the quarter, compared to the consensus estimate of $646.68 million. Mettler-Toledo International had a return on equity of 95.28% and a net margin of 16.60%. The business’s revenue for the quarter was up 7.5% on a year-over-year basis. During the same period in the prior year, the business earned $3.22 EPS. Equities analysts expect that Mettler-Toledo International, Inc. will post $17.33 earnings per share for the current fiscal year.

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In related news, insider William P. Donnelly sold 2,845 shares of the stock in a transaction dated Thursday, August 3rd. The stock was sold at an average price of $576.92, for a total value of $1,641,337.40. Following the completion of the sale, the insider now directly owns 2,345 shares of the company’s stock, valued at approximately $1,352,877.40. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Thomas Caratsch sold 150 shares of the stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $578.00, for a total value of $86,700.00. Following the completion of the sale, the insider now directly owns 920 shares of the company’s stock, valued at $531,760. The disclosure for this sale can be found here. Over the last three months, insiders sold 27,356 shares of company stock valued at $16,150,829. Company insiders own 5.20% of the company’s stock.

Several research analysts have recently issued reports on the company. Zacks Investment Research raised Mettler-Toledo International from a “hold” rating to a “buy” rating and set a $705.00 price target for the company in a research note on Thursday, September 14th. BidaskClub raised Mettler-Toledo International from a “hold” rating to a “buy” rating in a research note on Monday, August 14th. Jefferies Group LLC reaffirmed a “hold” rating and set a $550.00 price target on shares of Mettler-Toledo International in a research note on Thursday, July 27th. Morgan Stanley reaffirmed an “equal weight” rating and set a $565.00 price target (up previously from $533.00) on shares of Mettler-Toledo International in a research note on Saturday, July 22nd. Finally, Wells Fargo & Company raised Mettler-Toledo International from a “market perform” rating to an “outperform” rating in a research note on Wednesday, July 12th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $574.00.

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.

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

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