Cibc World Market Inc. Has $1.51 Million Stock Holdings in Mettler-Toledo International Inc. (NYSE:MTD)

Cibc World Market Inc. lifted its stake in Mettler-Toledo International Inc. (NYSE:MTDGet Rating) by 1.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,311 shares of the medical instruments supplier’s stock after acquiring an additional 24 shares during the quarter. Cibc World Market Inc.’s holdings in Mettler-Toledo International were worth $1,506,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of MTD. Regentatlantic Capital LLC increased its stake in shares of Mettler-Toledo International by 16.1% in the first quarter. Regentatlantic Capital LLC now owns 260 shares of the medical instruments supplier’s stock worth $357,000 after acquiring an additional 36 shares during the last quarter. Mutual of America Capital Management LLC increased its stake in shares of Mettler-Toledo International by 0.9% in the first quarter. Mutual of America Capital Management LLC now owns 3,564 shares of the medical instruments supplier’s stock worth $4,894,000 after acquiring an additional 31 shares during the last quarter. National Asset Management Inc. increased its stake in shares of Mettler-Toledo International by 38.4% in the first quarter. National Asset Management Inc. now owns 292 shares of the medical instruments supplier’s stock worth $401,000 after acquiring an additional 81 shares during the last quarter. FDx Advisors Inc. increased its stake in shares of Mettler-Toledo International by 2.0% in the first quarter. FDx Advisors Inc. now owns 852 shares of the medical instruments supplier’s stock worth $1,170,000 after acquiring an additional 17 shares during the last quarter. Finally, Metis Global Partners LLC increased its stake in shares of Mettler-Toledo International by 80.2% in the first quarter. Metis Global Partners LLC now owns 364 shares of the medical instruments supplier’s stock worth $500,000 after acquiring an additional 162 shares during the last quarter. 93.00% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

MTD has been the topic of several analyst reports. StockNews.com initiated coverage on shares of Mettler-Toledo International in a research report on Wednesday, October 12th. They set a “buy” rating on the stock. TheStreet downgraded shares of Mettler-Toledo International from a “b” rating to a “c+” rating in a research report on Thursday, July 28th. Robert W. Baird decreased their price target on shares of Mettler-Toledo International from $1,406.00 to $1,284.00 in a report on Friday, November 4th. The Goldman Sachs Group upgraded shares of Mettler-Toledo International from a “sell” rating to a “neutral” rating and upped their price target for the company from $1,120.00 to $1,355.00 in a report on Tuesday, November 8th. Finally, Stifel Nicolaus upgraded shares of Mettler-Toledo International from a “hold” rating to a “buy” rating and set a $1,500.00 price target for the company in a report on Tuesday, September 6th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $1,357.20.

Mettler-Toledo International Stock Up 0.9 %

NYSE MTD opened at $1,401.31 on Friday. The company has a debt-to-equity ratio of 250.82, a quick ratio of 0.74 and a current ratio of 1.13. The firm has a 50-day simple moving average of $1,227.09 and a 200 day simple moving average of $1,236.88. Mettler-Toledo International Inc. has a twelve month low of $1,065.55 and a twelve month high of $1,714.75. The stock has a market cap of $31.24 billion, a PE ratio of 38.35, a PEG ratio of 2.92 and a beta of 1.17.

Mettler-Toledo International (NYSE:MTDGet Rating) last released its earnings results on Thursday, November 3rd. The medical instruments supplier reported $10.18 earnings per share for the quarter, beating the consensus estimate of $9.83 by $0.35. Mettler-Toledo International had a net margin of 21.48% and a return on equity of 1,929.28%. The business had revenue of $985.80 million during the quarter, compared to analysts’ expectations of $973.68 million. During the same quarter last year, the company earned $8.72 earnings per share. The firm’s revenue was up 3.6% on a year-over-year basis. On average, research analysts forecast that Mettler-Toledo International Inc. will post 39.02 EPS for the current year.

Insider Activity at Mettler-Toledo International

In related news, Director Olivier A. Filliol sold 10,000 shares of the stock in a transaction dated Wednesday, November 16th. The shares were sold at an average price of $1,396.64, for a total value of $13,966,400.00. Following the completion of the sale, the director now owns 71 shares in the company, valued at $99,161.44. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other Mettler-Toledo International news, Director Olivier A. Filliol sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, November 16th. The shares were sold at an average price of $1,396.64, for a total transaction of $13,966,400.00. Following the completion of the transaction, the director now owns 71 shares in the company, valued at $99,161.44. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Elisha W. Finney sold 225 shares of the firm’s stock in a transaction dated Monday, November 14th. The stock was sold at an average price of $1,484.34, for a total transaction of $333,976.50. Following the transaction, the director now owns 267 shares of the company’s stock, valued at approximately $396,318.78. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 18,646 shares of company stock worth $25,747,431. Company insiders own 2.80% of the company’s stock.

Mettler-Toledo International Profile

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Mettler-Toledo International Inc engages in the manufacture and supply of precision instruments and services worldwide. It operates in five segments: U.S. Operations, Swiss Operations, Western European Operations, Chinese Operations, and Other. The company's laboratory instruments include laboratory balances, liquid pipetting solutions, automated laboratory reactors, titrators, pH meters, process analytics sensors and analyzer technologies, physical value analyzers, thermal analysis systems, and other analytical instruments; and LabX, a laboratory software platform to manage and analyze data generated from its instruments.

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

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