Checchi Capital Advisers LLC Purchases Shares of 372 Mettler-Toledo International, Inc. (MTD)

Checchi Capital Advisers LLC purchased a new stake in Mettler-Toledo International, Inc. (NYSE:MTD) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 372 shares of the medical instruments supplier’s stock, valued at approximately $219,000.

Other large investors also recently modified their holdings of the company. BlackRock Inc. raised its stake in shares of Mettler-Toledo International by 1,735.6% in the first quarter. BlackRock Inc. now owns 1,748,149 shares of the medical instruments supplier’s stock valued at $837,207,000 after buying an additional 1,652,915 shares during the last quarter. Clearbridge Investments LLC raised its stake in shares of Mettler-Toledo International by 97.4% in the first quarter. Clearbridge Investments LLC now owns 180,393 shares of the medical instruments supplier’s stock valued at $86,392,000 after buying an additional 89,000 shares during the last quarter. Morgan Stanley raised its stake in shares of Mettler-Toledo International by 37.8% in the first quarter. Morgan Stanley now owns 269,128 shares of the medical instruments supplier’s stock valued at $128,890,000 after buying an additional 73,762 shares during the last quarter. Acadian Asset Management LLC raised its stake in shares of Mettler-Toledo International by 15.4% in the second quarter. Acadian Asset Management LLC now owns 549,695 shares of the medical instruments supplier’s stock valued at $323,520,000 after buying an additional 73,217 shares during the last quarter. Finally, Pictet Asset Management Ltd. raised its stake in shares of Mettler-Toledo International by 125.6% in the first quarter. Pictet Asset Management Ltd. now owns 104,398 shares of the medical instruments supplier’s stock valued at $49,998,000 after buying an additional 58,120 shares during the last quarter. Institutional investors own 95.23% of the company’s stock.

Mettler-Toledo International, Inc. (NYSE:MTD) opened at 573.84 on Friday. The company has a 50-day moving average of $589.54 and a 200-day moving average of $533.66. The stock has a market capitalization of $14.73 billion, a price-to-earnings ratio of 35.29 and a beta of 1.13. Mettler-Toledo International, Inc. has a 1-year low of $386.01 and a 1-year high of $618.13.

Mettler-Toledo International (NYSE:MTD) last announced its quarterly earnings data on Thursday, July 27th. The medical instruments supplier reported $3.92 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $3.89 by $0.03. The firm had revenue of $653.70 million during the quarter, compared to analysts’ expectations of $646.68 million. Mettler-Toledo International had a net margin of 16.60% and a return on equity of 95.28%. The company’s revenue for the quarter was up 7.5% compared to the same quarter last year. During the same period in the prior year, the company posted $3.22 earnings per share. Analysts anticipate that Mettler-Toledo International, Inc. will post $16.89 earnings per share for the current fiscal year.

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MTD has been the subject of a number of recent research reports. BidaskClub upgraded shares of Mettler-Toledo International from a “buy” rating to a “strong-buy” rating in a research note on Thursday, June 22nd. Bank of America Corporation lifted their price objective on shares of Mettler-Toledo International from $590.00 to $630.00 and gave the company a “buy” rating in a research note on Wednesday, May 31st. Zacks Investment Research upgraded shares of Mettler-Toledo International from a “hold” rating to a “buy” rating and set a $664.00 price objective for the company in a research note on Thursday, June 22nd. Wells Fargo & Company upgraded shares of Mettler-Toledo International from a “market perform” rating to an “outperform” rating in a research note on Wednesday, July 12th. Finally, Jefferies Group LLC reiterated a “hold” rating and issued a $550.00 price objective on shares of Mettler-Toledo International in a research note on Tuesday, June 20th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $569.80.

In other news, insider William P. Donnelly sold 2,845 shares of the stock in a transaction on Thursday, August 3rd. The shares were sold at an average price of $576.92, for a total value of $1,641,337.40. Following the completion of the sale, the insider now directly owns 2,345 shares of the company’s stock, valued at $1,352,877.40. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Thomas Caratsch sold 150 shares of the stock in a transaction on Monday, August 7th. The stock was sold at an average price of $578.00, for a total transaction of $86,700.00. Following the completion of the sale, the insider now directly owns 920 shares of the company’s stock, valued at $531,760. The disclosure for this sale can be found here. Over the last three months, insiders sold 19,786 shares of company stock valued at $11,418,119. Corporate 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.