Bank of New York Mellon Corp Has $185.88 Million Stake in Mettler-Toledo International Inc. (MTD)

Bank of New York Mellon Corp reduced its stake in Mettler-Toledo International Inc. (NYSE:MTD) by 1.4% during the second quarter, HoldingsChannel reports. The firm owned 321,240 shares of the medical instruments supplier’s stock after selling 4,661 shares during the quarter. Bank of New York Mellon Corp’s holdings in Mettler-Toledo International were worth $185,879,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Mount Yale Investment Advisors LLC boosted its position in shares of Mettler-Toledo International by 107.5% in the 2nd quarter. Mount Yale Investment Advisors LLC now owns 1,473 shares of the medical instruments supplier’s stock worth $852,000 after purchasing an additional 763 shares in the last quarter. Andra AP fonden lifted its position in Mettler-Toledo International by 4.4% in the 2nd quarter. Andra AP fonden now owns 9,400 shares of the medical instruments supplier’s stock valued at $5,439,000 after acquiring an additional 400 shares in the last quarter. Carnegie Capital Asset Management LLC lifted its position in Mettler-Toledo International by 120.0% in the 2nd quarter. Carnegie Capital Asset Management LLC now owns 10,434 shares of the medical instruments supplier’s stock valued at $5,875,000 after acquiring an additional 5,692 shares in the last quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC lifted its position in Mettler-Toledo International by 142.3% in the 2nd quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 378 shares of the medical instruments supplier’s stock valued at $219,000 after acquiring an additional 222 shares in the last quarter. Finally, Advisors Asset Management Inc. lifted its position in Mettler-Toledo International by 66.2% in the 2nd quarter. Advisors Asset Management Inc. now owns 13,727 shares of the medical instruments supplier’s stock valued at $3,527,000 after acquiring an additional 5,469 shares in the last quarter. 92.42% of the stock is currently owned by hedge funds and other institutional investors.

MTD has been the topic of several analyst reports. Morgan Stanley upped their price objective on Mettler-Toledo International from $529.00 to $572.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 10th. UBS Group initiated coverage on Mettler-Toledo International in a research report on Tuesday, October 9th. They issued a “neutral” rating and a $625.00 price objective on the stock. JPMorgan Chase & Co. upped their price objective on Mettler-Toledo International from $550.00 to $600.00 and gave the company a “neutral” rating in a research report on Friday, July 27th. Finally, Zacks Investment Research raised Mettler-Toledo International from a “hold” rating to a “buy” rating and set a $621.00 price objective on the stock in a research report on Friday, October 12th. Ten equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Mettler-Toledo International presently has a consensus rating of “Hold” and an average price target of $624.00.

MTD stock opened at $567.79 on Friday. The company has a market capitalization of $14.32 billion, a P/E ratio of 32.32, a price-to-earnings-growth ratio of 2.28 and a beta of 1.15. Mettler-Toledo International Inc. has a 12-month low of $521.79 and a 12-month high of $697.26. The company has a current ratio of 1.46, a quick ratio of 1.06 and a debt-to-equity ratio of 1.92.

In other Mettler-Toledo International news, insider William P. Donnelly sold 500 shares of the business’s stock in a transaction on Thursday, August 16th. The shares were sold at an average price of $570.00, for a total transaction of $285,000.00. Following the completion of the sale, the insider now directly owns 1,500 shares in the company, valued at approximately $855,000. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, EVP William P. Donnelly sold 2,000 shares of the business’s stock in a transaction on Monday, August 6th. The shares were sold at an average price of $588.60, for a total transaction of $1,177,200.00. Following the sale, the executive vice president now owns 2,000 shares of the company’s stock, valued at $1,177,200. The disclosure for this sale can be found here. Insiders sold a total of 17,358 shares of company stock worth $10,151,204 over the last ninety days. 4.80% of the stock is currently owned by insiders.

Mettler-Toledo International Company Profile

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; analytical instruments for use in life science; various related analytical instruments and provides automated chemistry solutions used in drug and chemical compound discovery and development; and end-of-line product inspection systems used in production and packaging for food processing and packaging, pharmaceutical, packaged consumer goods, and other industries.

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

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