Evercore Wealth Management LLC Has $2.77 Million Stake in Mettler-Toledo International, Inc. (MTD)

Evercore Wealth Management LLC decreased its position in Mettler-Toledo International, Inc. (NYSE:MTD) by 8.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,705 shares of the medical instruments supplier’s stock after selling 417 shares during the period. Evercore Wealth Management LLC’s holdings in Mettler-Toledo International were worth $2,770,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the company. State of Alaska Department of Revenue grew its stake in shares of Mettler-Toledo International by 0.5% in the 2nd quarter. State of Alaska Department of Revenue now owns 1,087 shares of the medical instruments supplier’s stock valued at $639,000 after buying an additional 5 shares during the period. First Personal Financial Services grew its stake in shares of Mettler-Toledo International by 2.8% in the 2nd quarter. First Personal Financial Services now owns 186 shares of the medical instruments supplier’s stock valued at $109,000 after buying an additional 5 shares during the period. Contravisory Investment Management Inc. grew its stake in shares of Mettler-Toledo International by 1.3% in the 2nd quarter. Contravisory Investment Management Inc. now owns 558 shares of the medical instruments supplier’s stock valued at $328,000 after buying an additional 7 shares during the period. Pacer Advisors Inc. grew its stake in shares of Mettler-Toledo International by 2.5% in the 1st quarter. Pacer Advisors Inc. now owns 454 shares of the medical instruments supplier’s stock valued at $217,000 after buying an additional 11 shares during the period. Finally, Advisor Partners LLC grew its stake in shares of Mettler-Toledo International by 3.5% in the 2nd quarter. Advisor Partners LLC now owns 468 shares of the medical instruments supplier’s stock valued at $275,000 after buying an additional 16 shares during the period. 93.18% of the stock is owned by institutional investors and hedge funds.

Several analysts have recently weighed in on the stock. BidaskClub raised shares of Mettler-Toledo International from a “hold” rating to a “buy” rating in a research note on Monday, August 14th. Zacks Investment Research raised shares of Mettler-Toledo International from a “hold” rating to a “buy” rating and set a $711.00 price target for the company in a research note on Thursday. Jefferies Group LLC reaffirmed a “hold” rating and set a $550.00 price objective on shares of Mettler-Toledo International in a research report on Thursday, July 27th. Finally, Wells Fargo & Company raised shares of Mettler-Toledo International from a “market perform” rating to an “outperform” rating in a research report on Wednesday, July 12th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $575.20.

In related news, insider William P. Donnelly sold 2,845 shares of the company’s 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 completion of the transaction, the insider now owns 2,345 shares of the company’s stock, valued at $1,352,877.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Shawn Vadala sold 1,500 shares of the company’s stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $577.00, for a total transaction of $865,500.00. Following the transaction, the chief financial officer now directly owns 6,525 shares of the company’s stock, valued at approximately $3,764,925. The disclosure for this sale can be found here. Insiders have sold 27,356 shares of company stock valued at $16,150,829 in the last ninety days. 5.20% of the stock is currently owned by company insiders.

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, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $646.68 million. During the same quarter in the prior year, the business posted $3.22 earnings per share. Mettler-Toledo International’s revenue for the quarter was up 7.5% compared to the same quarter last year.

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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.

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

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