KBC Group NV Purchases 4,639 Shares of Mettler-Toledo International Inc. (NYSE:MTD)

KBC Group NV grew its position in shares of Mettler-Toledo International Inc. (NYSE:MTD) by 19.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 28,259 shares of the medical instruments supplier’s stock after buying an additional 4,639 shares during the quarter. KBC Group NV owned approximately 0.11% of Mettler-Toledo International worth $23,738,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently modified their holdings of the business. CIBC Private Wealth Group LLC grew its stake in shares of Mettler-Toledo International by 3.3% during the first quarter. CIBC Private Wealth Group LLC now owns 470 shares of the medical instruments supplier’s stock valued at $340,000 after purchasing an additional 15 shares during the last quarter. Berman Capital Advisors LLC grew its stake in shares of Mettler-Toledo International by 48.5% during the second quarter. Berman Capital Advisors LLC now owns 49 shares of the medical instruments supplier’s stock valued at $41,000 after purchasing an additional 16 shares during the last quarter. Hartford Investment Management Co. grew its stake in shares of Mettler-Toledo International by 0.6% during the second quarter. Hartford Investment Management Co. now owns 2,656 shares of the medical instruments supplier’s stock valued at $2,231,000 after purchasing an additional 17 shares during the last quarter. Raymond James Trust N.A. grew its stake in shares of Mettler-Toledo International by 5.6% during the second quarter. Raymond James Trust N.A. now owns 337 shares of the medical instruments supplier’s stock valued at $283,000 after purchasing an additional 18 shares during the last quarter. Finally, Ballentine Partners LLC grew its stake in shares of Mettler-Toledo International by 4.0% during the second quarter. Ballentine Partners LLC now owns 498 shares of the medical instruments supplier’s stock valued at $418,000 after purchasing an additional 19 shares during the last quarter. 97.22% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE MTD opened at $646.39 on Thursday. The company’s 50 day simple moving average is $738.60 and its 200 day simple moving average is $738.94. Mettler-Toledo International Inc. has a fifty-two week low of $500.74 and a fifty-two week high of $873.51. The firm has a market capitalization of $15.93 billion, a P/E ratio of 31.81, a P/E/G ratio of 2.08 and a beta of 1.33. The company has a debt-to-equity ratio of 2.16, a current ratio of 1.39 and a quick ratio of 0.98.

Mettler-Toledo International (NYSE:MTD) last announced its quarterly earnings data on Thursday, August 1st. The medical instruments supplier reported $5.16 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $5.09 by $0.07. Mettler-Toledo International had a net margin of 18.45% and a return on equity of 98.65%. The business had revenue of $731.00 million for the quarter, compared to analyst estimates of $736.23 million. During the same period in the prior year, the business posted $4.65 earnings per share. Mettler-Toledo International’s revenue was up 1.2% compared to the same quarter last year. Sell-side analysts expect that Mettler-Toledo International Inc. will post 22.71 EPS for the current fiscal year.

MTD has been the topic of several research analyst reports. Zacks Investment Research cut shares of Mettler-Toledo International from a “buy” rating to a “hold” rating and set a $811.00 price target on the stock. in a research note on Friday, June 7th. ValuEngine cut shares of Mettler-Toledo International from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Wolfe Research initiated coverage on shares of Mettler-Toledo International in a research note on Thursday, May 30th. They set a “peer perform” rating on the stock. Finally, Barclays cut shares of Mettler-Toledo International from an “equal weight” rating to an “underweight” rating and set a $680.00 price target on the stock. in a research note on Monday, July 15th. Two investment analysts have rated the stock with a sell rating and five have assigned a hold rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $688.60.

In other Mettler-Toledo International news, Director Robert F. Spoerry sold 2,000 shares of the stock in a transaction on Tuesday, June 4th. The shares were sold at an average price of $740.00, for a total value of $1,480,000.00. Following the sale, the director now directly owns 7,894 shares in the company, valued at $5,841,560. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider La Guerroniere Marc De sold 4,625 shares of the stock in a transaction on Wednesday, June 5th. The stock was sold at an average price of $750.00, for a total transaction of $3,468,750.00. Following the completion of the sale, the insider now owns 16,610 shares in the company, valued at $12,457,500. The disclosure for this sale can be found here. Corporate insiders own 3.50% of the company’s stock.

About Mettler-Toledo International

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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