State Farm Mutual Automobile Insurance Co. Maintains Position in Mettler-Toledo International Inc. (MTD)

State Farm Mutual Automobile Insurance Co. maintained its position in Mettler-Toledo International Inc. (NYSE:MTD) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 21,210 shares of the medical instruments supplier’s stock at the end of the first quarter. State Farm Mutual Automobile Insurance Co.’s holdings in Mettler-Toledo International were worth $10,158,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in MTD. YorkBridge Wealth Partners LLC increased its position in Mettler-Toledo International by 11.0% in the first quarter. YorkBridge Wealth Partners LLC now owns 222 shares of the medical instruments supplier’s stock valued at $115,000 after buying an additional 22 shares during the period. TLP Group LLC bought a new position in Mettler-Toledo International during the first quarter valued at approximately $144,000. Harvest Fund Management Co. Ltd bought a new position in Mettler-Toledo International during the fourth quarter valued at approximately $138,000. Penserra Capital Management LLC increased its position in Mettler-Toledo International by 9.5% in the first quarter. Penserra Capital Management LLC now owns 414 shares of the medical instruments supplier’s stock valued at $198,000 after buying an additional 36 shares during the period. Finally, Fernwood Investment Management LLC bought a new position in Mettler-Toledo International during the first quarter valued at approximately $204,000. 96.91% of the stock is currently owned by hedge funds and other institutional investors.

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

Shares of Mettler-Toledo International Inc. (MTD) traded down 0.13% during midday trading on Tuesday, reaching $594.66. 116,308 shares of the company traded hands. The firm has a market capitalization of $15.35 billion, a PE ratio of 38.80 and a beta of 1.14. The stock has a 50 day moving average price of $541.91 and a 200 day moving average price of $472.46. Mettler-Toledo International Inc. has a 1-year low of $343.61 and a 1-year high of $598.51.

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

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Several research firms have recently commented on MTD. Zacks Investment Research downgraded shares of Mettler-Toledo International from a “buy” rating to a “hold” rating in a report on Monday. Bank of America Corp boosted their target price on shares of Mettler-Toledo International from $590.00 to $630.00 and gave the stock a “buy” rating in a report on Wednesday, May 31st. Finally, Cleveland Research upgraded shares of Mettler-Toledo International from a “neutral” rating to a “buy” rating in a research report on Wednesday, April 19th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Mettler-Toledo International currently has an average rating of “Hold” and an average target price of $498.60.

In related news, 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 sale, the insider now directly owns 3,000 shares of the company’s stock, valued at approximately $1,638,540. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Simon Kirk sold 218 shares of the firm’s stock in a transaction dated Thursday, March 9th. The stock was sold at an average price of $484.00, for a total value of $105,512.00. The disclosure for this sale can be found here. Insiders have sold a total of 51,164 shares of company stock valued at $28,276,713 over the last three months. Corporate insiders own 5.60% 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.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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