Stock Yards Bank & Trust Co. Invests $333,000 in Mettler-Toledo International, Inc. (NYSE:MTD)

Stock Yards Bank & Trust Co. bought a new position in Mettler-Toledo International, Inc. (NYSE:MTD) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 565 shares of the medical instruments supplier’s stock, valued at approximately $333,000.

A number of other institutional investors have also made changes to their positions in MTD. Ladenburg Thalmann Financial Services Inc. boosted its position in shares of Mettler-Toledo International by 2.0% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 465 shares of the medical instruments supplier’s stock worth $195,000 after buying an additional 9 shares during the last quarter. Pacer Advisors Inc. boosted its position in shares of Mettler-Toledo International by 2.5% in the first quarter. Pacer Advisors Inc. now owns 454 shares of the medical instruments supplier’s stock worth $217,000 after buying an additional 11 shares during the last quarter. 1st Global Advisors Inc. boosted its position in shares of 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 worth $868,000 after buying an additional 13 shares during the last quarter. Mn Services Vermogensbeheer B.V. boosted its position in shares of Mettler-Toledo International by 2.0% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 700 shares of the medical instruments supplier’s stock worth $313,000 after buying an additional 14 shares during the last quarter. Finally, Wetherby Asset Management Inc. boosted its position in shares of Mettler-Toledo International by 1.8% in the first quarter. Wetherby Asset Management Inc. now owns 803 shares of the medical instruments supplier’s stock worth $385,000 after buying an additional 14 shares during the last quarter. Institutional investors own 96.57% of the company’s stock.

Mettler-Toledo International, Inc. (NYSE:MTD) traded up 0.71% during trading on Monday, hitting $592.37. 50,953 shares of the stock were exchanged. The firm has a market cap of $15.30 billion, a PE ratio of 38.65 and a beta of 1.14. Mettler-Toledo International, Inc. has a 12-month low of $370.87 and a 12-month high of $604.99. The stock’s 50-day moving average price is $582.56 and its 200-day moving average price is $494.11.

Mettler-Toledo International (NYSE:MTD) last posted its quarterly earnings data on Thursday, May 4th. The medical instruments supplier reported $3.34 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $3.08 by $0.26. Mettler-Toledo International had a net margin of 16.04% and a return on equity of 90.28%. The company had revenue of $594.57 million during the quarter, compared to analyst estimates of $571.30 million. During the same quarter last year, the firm posted $2.46 EPS. The business’s revenue for the quarter was up 10.2% on a year-over-year basis. On average, equities analysts expect that Mettler-Toledo International, Inc. will post $17.19 EPS for the current year.

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A number of brokerages have issued reports on MTD. Zacks Investment Research upgraded shares of Mettler-Toledo International from a “hold” rating to a “buy” rating and set a $665.00 target price for the company in a research report on Wednesday, June 7th. BidaskClub cut shares of Mettler-Toledo International from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, June 13th. Cleveland Research upgraded shares of Mettler-Toledo International from a “neutral” rating to a “buy” rating in a research report on Wednesday, April 19th. Finally, Jefferies Group LLC restated a “hold” rating and set a $550.00 target price on shares of Mettler-Toledo International in a research report on Tuesday, June 20th. Three investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $532.80.

In other Mettler-Toledo International news, Director Wah-Hui Chu sold 500 shares of the firm’s stock in a transaction dated Monday, May 22nd. The shares were sold at an average price of $567.00, for a total value of $283,500.00. Following the completion of the transaction, the director now directly owns 3,243 shares in the company, valued at $1,838,781. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider William P. Donnelly sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, May 9th. The stock was sold at an average price of $546.18, for a total transaction of $2,730,900.00. Following the completion of the transaction, the insider now owns 3,000 shares of the company’s stock, valued at $1,638,540. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 52,046 shares of company stock valued at $28,826,702. Insiders own 5.20% of the company’s stock.

Mettler-Toledo International Company Profile

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.

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

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