Choate Investment Advisors Has $1,072,000 Stake in Mettler-Toledo International, Inc. (MTD)

Choate Investment Advisors maintained its position in shares of Mettler-Toledo International, Inc. (NYSE:MTD) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,821 shares of the medical instruments supplier’s stock at the close of the 2nd quarter. Choate Investment Advisors’ holdings in Mettler-Toledo International were worth $1,072,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. State of Alaska Department of Revenue increased its stake in Mettler-Toledo International by 0.5% in the second quarter. State of Alaska Department of Revenue now owns 1,087 shares of the medical instruments supplier’s stock valued at $639,000 after purchasing an additional 5 shares in the last quarter. First Personal Financial Services increased its stake in Mettler-Toledo International by 2.8% in the second 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 in the last quarter. Contravisory Investment Management Inc. increased its stake in Mettler-Toledo International by 1.3% in the second quarter. Contravisory Investment Management Inc. now owns 558 shares of the medical instruments supplier’s stock valued at $328,000 after purchasing an additional 7 shares in the last quarter. Pacer Advisors Inc. increased its stake in Mettler-Toledo International by 2.5% in the first quarter. Pacer Advisors Inc. now owns 454 shares of the medical instruments supplier’s stock valued at $217,000 after purchasing an additional 11 shares in the last quarter. Finally, 1st Global Advisors Inc. increased its stake in Mettler-Toledo International by 0.7% in the first quarter. 1st Global Advisors Inc. now owns 1,812 shares of the medical instruments supplier’s stock valued at $868,000 after purchasing an additional 13 shares in the last quarter. 93.14% of the stock is owned by hedge funds and other institutional investors.

Shares of Mettler-Toledo International, Inc. (MTD) traded up 0.19% on Friday, hitting $626.00. 218,175 shares of the stock were exchanged. Mettler-Toledo International, Inc. has a 12 month low of $395.61 and a 12 month high of $629.63. The company has a 50-day moving average price of $592.34 and a 200 day moving average price of $554.17. The company has a market cap of $16.07 billion, a PE ratio of 38.49 and a beta of 1.11.

Mettler-Toledo International (NYSE:MTD) last issued its earnings results on Thursday, July 27th. The medical instruments supplier reported $3.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.89 by $0.03. Mettler-Toledo International had a return on equity of 95.28% and a net margin of 16.60%. The business had revenue of $653.70 million during the quarter, compared to the consensus estimate of $646.68 million. During the same period last year, the company earned $3.22 EPS. The company’s revenue for the quarter was up 7.5% on a year-over-year basis. Equities analysts forecast that Mettler-Toledo International, Inc. will post $17.33 EPS for the current fiscal year.

Several equities research analysts have weighed in on MTD shares. Zacks Investment Research downgraded shares of Mettler-Toledo International from a “buy” rating to a “hold” rating in a research note on Wednesday, May 24th. Bank of America Corporation lifted their price target on shares of Mettler-Toledo International from $590.00 to $630.00 and gave the company a “buy” rating in a research note on Wednesday, May 31st. BidaskClub downgraded shares of Mettler-Toledo International from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, June 13th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and issued a $550.00 price target on shares of Mettler-Toledo International in a research note on Tuesday, June 20th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $574.00.

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In related news, insider Thomas Caratsch sold 150 shares of the firm’s stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $578.00, for a total transaction of $86,700.00. Following the completion of the sale, the insider now directly owns 920 shares of the company’s stock, valued at approximately $531,760. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider William P. Donnelly sold 2,845 shares of the firm’s stock in a transaction dated Thursday, August 3rd. The stock was sold at an average price of $576.92, for a total value of $1,641,337.40. Following the sale, the insider now directly owns 2,345 shares of the company’s stock, valued at $1,352,877.40. The disclosure for this sale can be found here. Insiders have sold a total of 27,356 shares of company stock valued at $16,150,829 over the last three months. Corporate insiders own 5.20% of the company’s stock.

About Mettler-Toledo International

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.

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

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