Schwab Charles Investment Management Inc. Boosts Position in Mettler-Toledo International Inc. (MTD)

Schwab Charles Investment Management Inc. increased its holdings in Mettler-Toledo International Inc. (NYSE:MTD) by 4.0% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 91,940 shares of the medical instruments supplier’s stock after buying an additional 3,556 shares during the quarter. Schwab Charles Investment Management Inc.’s holdings in Mettler-Toledo International were worth $52,869,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of MTD. Renaissance Technologies LLC boosted its holdings in shares of Mettler-Toledo International by 201.0% in the fourth quarter. Renaissance Technologies LLC now owns 210,100 shares of the medical instruments supplier’s stock worth $130,161,000 after buying an additional 140,300 shares during the last quarter. First Manhattan Co. lifted its holdings in Mettler-Toledo International by 98,611.4% during the fourth quarter. First Manhattan Co. now owns 86,866 shares of the medical instruments supplier’s stock valued at $53,815,000 after purchasing an additional 86,778 shares in the last quarter. Amundi Pioneer Asset Management Inc. purchased a new position in Mettler-Toledo International during the fourth quarter valued at approximately $31,608,000. Public Employees Retirement System of Ohio lifted its holdings in Mettler-Toledo International by 349.8% during the fourth quarter. Public Employees Retirement System of Ohio now owns 56,728 shares of the medical instruments supplier’s stock valued at $35,144,000 after purchasing an additional 44,115 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its holdings in Mettler-Toledo International by 23.9% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 226,432 shares of the medical instruments supplier’s stock valued at $140,279,000 after purchasing an additional 43,665 shares in the last quarter. 92.37% of the stock is currently owned by institutional investors.

Several equities analysts have weighed in on MTD shares. Goldman Sachs downgraded shares of Mettler-Toledo International from a “buy” rating to a “neutral” rating in a report on Monday, April 9th. Citigroup raised shares of Mettler-Toledo International from a “neutral” rating to a “buy” rating and lifted their price target for the company from $685.00 to $692.00 in a report on Friday, February 9th. Morgan Stanley lowered their price target on shares of Mettler-Toledo International from $595.00 to $568.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 11th. Zacks Investment Research raised shares of Mettler-Toledo International from a “hold” rating to a “buy” rating and set a $640.00 price target on the stock in a report on Wednesday, April 11th. Finally, Robert W. Baird lowered their price target on shares of Mettler-Toledo International from $675.00 to $630.00 and set a “neutral” rating on the stock in a report on Friday, February 9th. Nine equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Mettler-Toledo International presently has a consensus rating of “Hold” and an average target price of $632.00.

Mettler-Toledo International opened at $573.19 on Monday, Marketbeat.com reports. The company has a market cap of $14.55 billion, a PE ratio of 31.86, a P/E/G ratio of 2.19 and a beta of 1.21. The company has a current ratio of 1.46, a quick ratio of 1.02 and a debt-to-equity ratio of 1.75. Mettler-Toledo International Inc. has a 1 year low of $544.64 and a 1 year high of $697.26.

Mettler-Toledo International (NYSE:MTD) last released its quarterly earnings data on Thursday, May 3rd. The medical instruments supplier reported $3.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.73 by $0.01. The firm had revenue of $660.82 million for the quarter, compared to analysts’ expectations of $651.87 million. Mettler-Toledo International had a net margin of 13.50% and a return on equity of 90.70%. The company’s revenue for the quarter was up 11.1% compared to the same quarter last year. During the same quarter last year, the business posted $3.34 earnings per share. analysts anticipate that Mettler-Toledo International Inc. will post 20.25 earnings per share for the current fiscal year.

In other news, insider William P. Donnelly sold 5,000 shares of Mettler-Toledo International stock in a transaction that occurred on Friday, May 11th. The shares were sold at an average price of $563.38, for a total transaction of $2,816,900.00. Following the sale, the insider now owns 4,000 shares in the company, valued at $2,253,520. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider La Guerroniere Marc De sold 3,000 shares of Mettler-Toledo International stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $640.00, for a total transaction of $1,920,000.00. Following the sale, the insider now owns 3,000 shares in the company, valued at approximately $1,920,000. The disclosure for this sale can be found here. In the last quarter, insiders have sold 21,968 shares of company stock worth $13,142,739. Company insiders own 4.80% of the company’s stock.

Mettler-Toledo International Company Profile

Mettler-Toledo International Inc manufactures and supplies precision instruments and services worldwide. The company operates in five segments: U.S. Operations, Swiss Operations, Western European Operations, Chinese Operations, and Other. It offers weighing instruments for laboratory, industrial, packaging, logistics, and food retailing applications; analytical instruments for use in life science; various related analytical instruments and provides automated chemistry solutions used in drug and chemical compound discovery and development; and end-of-line product inspection systems used in production and packaging for food processing and packaging, pharmaceutical, packaged consumer goods, and other industries.

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

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