1,978 Shares in Mettler-Toledo International, Inc. (MTD) Purchased by Kayne Anderson Rudnick Investment Management LLC

Kayne Anderson Rudnick Investment Management LLC purchased a new stake in shares of Mettler-Toledo International, Inc. (NYSE:MTD) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 1,978 shares of the medical instruments supplier’s stock, valued at approximately $1,238,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. First Personal Financial Services raised its position in Mettler-Toledo International by 2.8% during the 2nd quarter. First Personal Financial Services now owns 186 shares of the medical instruments supplier’s stock valued at $109,000 after purchasing an additional 5 shares during the last quarter. Sun Life Financial INC raised its position in shares of Mettler-Toledo International by 2,585.7% in the 2nd quarter. Sun Life Financial INC now owns 188 shares of the medical instruments supplier’s stock worth $111,000 after acquiring an additional 181 shares in the last quarter. Acrospire Investment Management LLC bought a new position in shares of Mettler-Toledo International in the 2nd quarter worth approximately $118,000. CAPROCK Group Inc. bought a new position in shares of Mettler-Toledo International in the 2nd quarter worth approximately $205,000. Finally, Personal Capital Advisors Corp bought a new position in shares of Mettler-Toledo International in the 2nd quarter worth approximately $206,000. 93.52% of the stock is owned by institutional investors and hedge funds.

MTD has been the subject of several research reports. Morgan Stanley reissued an “equal weight” rating and issued a $565.00 target price (up previously from $533.00) on shares of Mettler-Toledo International in a research report on Saturday, July 22nd. Jefferies Group LLC reissued a “hold” rating and issued a $550.00 target price on shares of Mettler-Toledo International in a research report on Thursday, July 27th. BidaskClub lowered Mettler-Toledo International from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 31st. Zacks Investment Research lowered Mettler-Toledo International from a “buy” rating to a “hold” rating in a research report on Wednesday, September 13th. Finally, Goldman Sachs Group, Inc. (The) reissued a “buy” rating and issued a $690.00 target price on shares of Mettler-Toledo International in a research report on Tuesday, September 26th. Five analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $621.57.

In related news, insider Thomas Caratsch sold 1,500 shares of the firm’s stock in a transaction that occurred on Tuesday, August 22nd. The stock was sold at an average price of $588.00, for a total transaction of $882,000.00. Following the completion of the transaction, the insider now owns 2,270 shares of the company’s stock, valued at approximately $1,334,760. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Christian Magloth sold 750 shares of the firm’s stock in a transaction that occurred on Thursday, August 24th. The shares were sold at an average price of $590.00, for a total value of $442,500.00. Following the transaction, the insider now directly owns 750 shares of the company’s stock, valued at approximately $442,500. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 30,291 shares of company stock valued at $18,570,721. 5.20% of the stock is owned by corporate insiders.

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Mettler-Toledo International, Inc. (NYSE MTD) opened at $630.92 on Friday. Mettler-Toledo International, Inc. has a 52-week low of $407.87 and a 52-week high of $694.48. The company has a debt-to-equity ratio of 2.05, a quick ratio of 1.11 and a current ratio of 1.51. The firm has a market capitalization of $16,138.30, a P/E ratio of 37.33, a P/E/G ratio of 2.88 and a beta of 1.13.

Mettler-Toledo International (NYSE:MTD) last posted its quarterly earnings data on Thursday, November 2nd. The medical instruments supplier reported $4.36 earnings per share for the quarter, beating the Zacks’ consensus estimate of $4.32 by $0.04. Mettler-Toledo International had a return on equity of 96.81% and a net margin of 16.44%. The company had revenue of $698.80 million during the quarter, compared to analyst estimates of $685.56 million. During the same quarter last year, the company earned $3.89 EPS. The firm’s revenue for the quarter was up 7.4% on a year-over-year basis. equities analysts forecast that Mettler-Toledo International, Inc. will post 17.52 earnings per share for the current year.

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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