ProShare Advisors LLC Has $4.33 Million Stake in Mettler-Toledo International Inc. (NYSE:MTD)

ProShare Advisors LLC boosted its holdings in Mettler-Toledo International Inc. (NYSE:MTD) by 6.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,098 shares of the medical instruments supplier’s stock after purchasing an additional 193 shares during the period. ProShare Advisors LLC’s holdings in Mettler-Toledo International were worth $4,330,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in MTD. EverSource Wealth Advisors LLC raised its holdings in shares of Mettler-Toledo International by 8.0% in the 1st quarter. EverSource Wealth Advisors LLC now owns 95 shares of the medical instruments supplier’s stock valued at $117,000 after purchasing an additional 7 shares during the period. UMB Bank n.a. raised its stake in Mettler-Toledo International by 6.6% in the 2nd quarter. UMB Bank n.a. now owns 113 shares of the medical instruments supplier’s stock valued at $158,000 after acquiring an additional 7 shares during the period. Gulf International Bank UK Ltd lifted its holdings in Mettler-Toledo International by 0.4% during the 1st quarter. Gulf International Bank UK Ltd now owns 1,813 shares of the medical instruments supplier’s stock valued at $2,413,000 after purchasing an additional 8 shares during the last quarter. Bellevue Group AG boosted its position in Mettler-Toledo International by 32.0% during the first quarter. Bellevue Group AG now owns 33 shares of the medical instruments supplier’s stock worth $44,000 after purchasing an additional 8 shares during the period. Finally, Massmutual Trust Co. FSB ADV increased its holdings in shares of Mettler-Toledo International by 7.2% in the second quarter. Massmutual Trust Co. FSB ADV now owns 119 shares of the medical instruments supplier’s stock valued at $166,000 after purchasing an additional 8 shares during the last quarter. 95.07% of the stock is currently owned by institutional investors and hedge funds.

Mettler-Toledo International Trading Up 5.0 %

NYSE MTD opened at $1,491.27 on Friday. The firm’s 50 day simple moving average is $1,411.64 and its 200 day simple moving average is $1,377.78. The firm has a market capitalization of $31.85 billion, a price-to-earnings ratio of 41.82, a P/E/G ratio of 3.75 and a beta of 1.14. Mettler-Toledo International Inc. has a 1 year low of $928.49 and a 1 year high of $1,546.93.

Mettler-Toledo International (NYSE:MTD) last issued its quarterly earnings results on Thursday, August 1st. The medical instruments supplier reported $9.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $9.00 by $0.65. Mettler-Toledo International had a negative return on equity of 575.61% and a net margin of 20.95%. The company had revenue of $946.75 million for the quarter, compared to analyst estimates of $929.13 million. During the same quarter last year, the company posted $10.19 EPS. The company’s revenue for the quarter was down 3.6% compared to the same quarter last year. On average, equities research analysts forecast that Mettler-Toledo International Inc. will post 40.35 earnings per share for the current year.

Insiders Place Their Bets

In related news, CFO Shawn Vadala sold 250 shares of Mettler-Toledo International stock in a transaction that occurred on Wednesday, August 7th. The shares were sold at an average price of $1,401.00, for a total transaction of $350,250.00. Following the sale, the chief financial officer now directly owns 4,914 shares of the company’s stock, valued at approximately $6,884,514. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Mettler-Toledo International news, insider Christian Magloth sold 1,000 shares of the 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 directly owns 734 shares in the company, valued at $1,044,459.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Shawn Vadala sold 250 shares of Mettler-Toledo International stock in a transaction dated Wednesday, August 7th. The shares were 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 in the company, valued at $6,884,514. The disclosure for this sale can be found here. Insiders own 1.94% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on MTD shares. Wells Fargo & Company initiated coverage on shares of Mettler-Toledo International in a report on Tuesday, August 27th. They set an “equal weight” rating and a $1,400.00 target price for the company. StockNews.com upgraded Mettler-Toledo International from a “hold” rating to a “buy” rating in a research report on Thursday, July 11th. Stifel Nicolaus boosted their target price on shares of Mettler-Toledo International from $1,510.00 to $1,550.00 and gave the company a “buy” rating in a research report on Monday, August 5th. JPMorgan Chase & Co. raised their price target on shares of Mettler-Toledo International from $1,300.00 to $1,400.00 and gave the stock a “neutral” rating in a research report on Monday, August 5th. Finally, Evercore ISI boosted their price objective on shares of Mettler-Toledo International from $1,375.00 to $1,390.00 and gave the company an “in-line” rating in a report on Tuesday, July 2nd. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Mettler-Toledo International currently has an average rating of “Hold” and an average price target of $1,356.25.

Mettler-Toledo International Company 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.