iA Global Asset Management Inc. Increases Stock Holdings in Mettler-Toledo International Inc. (NYSE:MTD)

iA Global Asset Management Inc. boosted its position in shares of Mettler-Toledo International Inc. (NYSE:MTD - Free Report) by 2.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 74,362 shares of the medical instruments supplier's stock after purchasing an additional 1,566 shares during the period. Mettler-Toledo International comprises 1.1% of iA Global Asset Management Inc.'s holdings, making the stock its 24th biggest holding. iA Global Asset Management Inc. owned approximately 0.35% of Mettler-Toledo International worth $103,928,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the business. Boston Financial Mangement LLC raised its holdings in shares of Mettler-Toledo International by 0.7% during the second quarter. Boston Financial Mangement LLC now owns 6,613 shares of the medical instruments supplier's stock worth $9,242,000 after purchasing an additional 46 shares during the last quarter. Signaturefd LLC lifted its position in Mettler-Toledo International by 9.6% in the second quarter. Signaturefd LLC now owns 468 shares of the medical instruments supplier's stock valued at $654,000 after buying an additional 41 shares during the last quarter. Crewe Advisors LLC grew its stake in shares of Mettler-Toledo International by 244.4% in the second quarter. Crewe Advisors LLC now owns 31 shares of the medical instruments supplier's stock valued at $43,000 after buying an additional 22 shares in the last quarter. UMB Bank n.a. increased its position in shares of Mettler-Toledo International by 6.6% during the second quarter. UMB Bank n.a. now owns 113 shares of the medical instruments supplier's stock worth $158,000 after acquiring an additional 7 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Mettler-Toledo International by 6.3% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,755 shares of the medical instruments supplier's stock valued at $8,043,000 after acquiring an additional 342 shares in the last quarter. Institutional investors own 95.07% of the company's stock.

Insider Buying and Selling

In related news, CFO Shawn Vadala sold 250 shares of the company's stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $1,401.00, for a total value of $350,250.00. Following the sale, the chief financial officer now directly owns 4,914 shares of the company's stock, valued at $6,884,514. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, insider Christian Magloth sold 1,000 shares of Mettler-Toledo International stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $1,422.97, for a total value of $1,422,970.00. Following the completion of the transaction, the insider now owns 734 shares in the company, valued at $1,044,459.98. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Shawn Vadala sold 250 shares of the company's stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $1,401.00, for a total value of $350,250.00. Following the completion of the sale, the chief financial officer now owns 4,914 shares of the company's stock, valued at $6,884,514. The disclosure for this sale can be found here. 1.94% of the stock is owned by corporate insiders.

Analyst Ratings Changes

MTD has been the subject of a number of recent research reports. The Goldman Sachs Group increased their price target on shares of Mettler-Toledo International from $1,150.00 to $1,300.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 9th. JPMorgan Chase & Co. boosted their target price on shares of Mettler-Toledo International from $1,300.00 to $1,400.00 and gave the company a "neutral" rating in a report on Monday, August 5th. StockNews.com raised Mettler-Toledo International from a "hold" rating to a "buy" rating in a research report on Thursday, July 11th. Evercore ISI upped their target price on Mettler-Toledo International from $1,375.00 to $1,390.00 and gave the company an "in-line" rating in a research report on Tuesday, July 2nd. Finally, Jefferies Financial Group reaffirmed an "underperform" rating and issued a $1,250.00 price target (up from $1,230.00) on shares of Mettler-Toledo International in a report on Monday, June 3rd. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, Mettler-Toledo International presently has an average rating of "Hold" and a consensus price target of $1,356.25.

Mettler-Toledo International Trading Up 0.5 %

MTD traded up $7.85 on Friday, reaching $1,439.08. The stock had a trading volume of 113,912 shares, compared to its average volume of 139,169. The firm has a 50-day moving average of $1,401.66 and a 200-day moving average of $1,354.01. The company has a market capitalization of $30.73 billion, a price-to-earnings ratio of 40.36, a price-to-earnings-growth ratio of 4.06 and a beta of 1.17. Mettler-Toledo International Inc. has a fifty-two week low of $928.49 and a fifty-two week high of $1,546.93.

Mettler-Toledo International (NYSE:MTD - Get Free Report) last released its quarterly earnings results on Thursday, August 1st. The medical instruments supplier reported $9.65 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $9.00 by $0.65. Mettler-Toledo International had a negative return on equity of 590.80% and a net margin of 20.95%. The business had revenue of $946.75 million during the quarter, compared to the consensus estimate of $929.13 million. During the same quarter in the previous year, the business earned $10.19 EPS. The company's quarterly revenue was down 3.6% on a year-over-year basis. Sell-side analysts anticipate that Mettler-Toledo International Inc. will post 40.13 EPS for the current fiscal year.

Mettler-Toledo International Profile

Mettler-Toledo International Inc manufactures and supplies precision instruments and services in the Americas, Europe, Asia, and internationally. It operates through 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, real-time analytics, titrators, pH meters, process analytics sensors and analyzer technologies, physical value analyzers, density and refractometry, thermal analysis systems, and other analytical instruments; and LabX, a laboratory software platform to manage and analyze data generated from its instruments.Its industrial instruments comprise industrial weighing instruments and related terminals, automatic dimensional measurement and data capture solutions, vehicle scale systems, industrial software, metal detection equipment, x-ray systems, check weighing equipment, camera-based imaging equipment, track-and-trace solutions, and product inspection systems.

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