CIBC Asset Management Inc Acquires 32 Shares of Mettler-Toledo International Inc. (NYSE:MTD)

CIBC Asset Management Inc increased its holdings in Mettler-Toledo International Inc. (NYSE:MTD) by 1.5% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,126 shares of the medical instruments supplier’s stock after buying an additional 32 shares during the period. CIBC Asset Management Inc’s holdings in Mettler-Toledo International were worth $1,713,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. Robeco Institutional Asset Management B.V. raised its stake in Mettler-Toledo International by 46.5% in the second quarter. Robeco Institutional Asset Management B.V. now owns 27,344 shares of the medical instruments supplier’s stock worth $22,026,000 after buying an additional 8,673 shares in the last quarter. Kinneret Advisory LLC increased its position in shares of Mettler-Toledo International by 12.6% during the first quarter. Kinneret Advisory LLC now owns 2,866 shares of the medical instruments supplier’s stock worth $1,979,000 after purchasing an additional 320 shares in the last quarter. Jane Street Group LLC increased its position in shares of Mettler-Toledo International by 902.9% during the first quarter. Jane Street Group LLC now owns 2,758 shares of the medical instruments supplier’s stock worth $1,904,000 after purchasing an additional 2,483 shares in the last quarter. Envestnet Asset Management Inc. increased its position in shares of Mettler-Toledo International by 3.9% during the second quarter. Envestnet Asset Management Inc. now owns 46,883 shares of the medical instruments supplier’s stock worth $37,766,000 after purchasing an additional 1,773 shares in the last quarter. Finally, PGGM Investments acquired a new position in shares of Mettler-Toledo International during the second quarter worth $8,083,000. 94.24% of the stock is owned by institutional investors.

In related news, Director Robert F. Spoerry sold 3,000 shares of the company’s stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of $700.00, for a total transaction of $2,100,000.00. Following the completion of the transaction, the director now owns 9,148 shares in the company, valued at approximately $6,403,600. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Oliver A. Filliol sold 4,671 shares of the company’s stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $711.94, for a total transaction of $3,325,471.74. Following the transaction, the chief executive officer now owns 31,279 shares of the company’s stock, valued at approximately $22,268,771.26. The disclosure for this sale can be found here. In the last quarter, insiders sold 13,547 shares of company stock valued at $9,694,046. Insiders own 3.20% of the company’s stock.

Shares of Mettler-Toledo International stock opened at $935.00 on Friday. The firm has a 50-day simple moving average of $823.58 and a two-hundred day simple moving average of $759.60. The company has a market cap of $22.35 billion, a P/E ratio of 41.95, a price-to-earnings-growth ratio of 4.74 and a beta of 1.08. Mettler-Toledo International Inc. has a fifty-two week low of $579.40 and a fifty-two week high of $953.70. The company has a debt-to-equity ratio of 4.94, a quick ratio of 1.34 and a current ratio of 1.77.

Mettler-Toledo International (NYSE:MTD) last issued its quarterly earnings data on Thursday, July 30th. The medical instruments supplier reported $5.29 earnings per share for the quarter, topping analysts’ consensus estimates of $4.27 by $1.02. The business had revenue of $690.67 million during the quarter, compared to the consensus estimate of $647.43 million. Mettler-Toledo International had a net margin of 18.61% and a return on equity of 144.27%. During the same quarter in the prior year, the firm posted $5.16 earnings per share. Equities research analysts forecast that Mettler-Toledo International Inc. will post 23.1 EPS for the current year.

A number of equities research analysts have recently weighed in on the stock. UBS Group boosted their price objective on shares of Mettler-Toledo International from $755.00 to $770.00 and gave the company a “neutral” rating in a report on Friday, May 8th. Bank of America upped their price target on shares of Mettler-Toledo International from $755.00 to $830.00 and gave the company a “neutral” rating in a report on Monday, July 20th. Citigroup upped their price target on shares of Mettler-Toledo International from $725.00 to $740.00 and gave the company a “neutral” rating in a report on Friday, May 8th. Evercore ISI lowered shares of Mettler-Toledo International from an “in-line” rating to an “underperform” rating in a report on Sunday, April 19th. Finally, Wells Fargo & Co reaffirmed a “hold” rating on shares of Mettler-Toledo International in a report on Friday. Three equities research analysts have rated the stock with a sell rating and eight have issued a hold rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $733.20.

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; various related analytical instruments and provides automated chemistry solutions used in drug and chemical compound discovery and development; metal detection and other end-of-line product inspection systems used in production and packaging for food processing and packaging, pharmaceutical, packaged consumer goods, and other industries; and solutions that are used in various process analytics applications.

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

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