Papp L Roy & Associates Has $7.17 Million Holding in Mettler-Toledo International Inc. (MTD)

Papp L Roy & Associates Has $7.17 Million Holding in Mettler-Toledo International Inc. (MTD)

Papp L Roy & Associates reduced its position in shares of Mettler-Toledo International Inc. (NYSE:MTD) by 0.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,970 shares of the medical instruments supplier’s stock after selling 95 shares during the period. Mettler-Toledo International accounts for about 1.6% of Papp L Roy & Associates’ portfolio, making the stock its 20th largest position. Papp L Roy & Associates’ holdings in Mettler-Toledo International were worth $7,169,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in MTD. Comerica Bank increased its stake in Mettler-Toledo International by 2.6% in the fourth quarter. Comerica Bank now owns 6,854 shares of the medical instruments supplier’s stock worth $2,909,000 after buying an additional 175 shares during the last quarter. State Street Corp increased its stake in Mettler-Toledo International by 3.2% in the fourth quarter. State Street Corp now owns 1,128,261 shares of the medical instruments supplier’s stock worth $472,252,000 after buying an additional 35,043 shares during the last quarter. Teachers Advisors LLC increased its stake in Mettler-Toledo International by 7.6% in the fourth quarter. Teachers Advisors LLC now owns 37,697 shares of the medical instruments supplier’s stock worth $15,778,000 after buying an additional 2,672 shares during the last quarter. Creative Planning increased its stake in Mettler-Toledo International by 7.4% in the first quarter. Creative Planning now owns 1,151 shares of the medical instruments supplier’s stock worth $551,000 after buying an additional 79 shares during the last quarter. Finally, Toronto Dominion Bank increased its stake in Mettler-Toledo International by 54.6% in the first quarter. Toronto Dominion Bank now owns 7,000 shares of the medical instruments supplier’s stock worth $3,352,000 after buying an additional 2,472 shares during the last quarter. Hedge funds and other institutional investors own 96.91% of the company’s stock.

Shares of Mettler-Toledo International Inc. (MTD) traded up 1.40% on Friday, hitting $597.12. The company had a trading volume of 159,416 shares. Mettler-Toledo International Inc. has a 12 month low of $343.61 and a 12 month high of $598.51. The company has a 50-day moving average of $536.71 and a 200 day moving average of $469.16. The stock has a market cap of $15.42 billion, a PE ratio of 38.96 and a beta of 1.14.

Mettler-Toledo International (NYSE:MTD) last released its earnings results on Thursday, May 4th. The medical instruments supplier reported $3.34 EPS for the quarter, beating the consensus estimate of $3.08 by $0.26. Mettler-Toledo International had a net margin of 15.32% and a return on equity of 81.17%. The business had revenue of $594.57 million during the quarter, compared to analyst estimates of $571.30 million. During the same period in the prior year, the business earned $2.46 earnings per share. The business’s quarterly revenue was up 10.2% on a year-over-year basis. Analysts anticipate that Mettler-Toledo International Inc. will post $17.19 EPS for the current fiscal year.

MTD has been the subject of a number of research reports. Cleveland Research upgraded shares of Mettler-Toledo International from a “neutral” rating to a “buy” rating in a research report on Wednesday, April 19th. Zacks Investment Research upgraded shares of Mettler-Toledo International from a “hold” rating to a “buy” rating and set a $538.00 price target for the company in a research report on Wednesday, April 12th. Finally, Bank of America Corp 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 report on Wednesday. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Mettler-Toledo International presently has a consensus rating of “Buy” and an average target price of $498.60.

In related news, Director Francis A. Contino sold 725 shares of the company’s stock in a transaction that occurred on Monday, May 8th. The shares were sold at an average price of $546.00, for a total value of $395,850.00. Following the completion of the sale, the director now owns 2,234 shares in the company, valued at approximately $1,219,764. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Simon Kirk sold 218 shares of the company’s stock in a transaction that occurred on Thursday, March 9th. The shares were sold at an average price of $484.00, for a total transaction of $105,512.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 50,353 shares of company stock valued at $27,801,443. 5.60% of the stock is owned by insiders.

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “MTD”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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