Park National Corp OH Purchases New Holdings in Mettler-Toledo International Inc. (NYSE:MTD)

Park National Corp OH purchased a new stake in shares of Mettler-Toledo International Inc. (NYSE:MTD) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 365 shares of the medical instruments supplier’s stock, valued at approximately $264,000.

Other hedge funds also recently made changes to their positions in the company. Deutsche Bank AG increased its position in shares of Mettler-Toledo International by 43.2% in the fourth quarter. Deutsche Bank AG now owns 63,254 shares of the medical instruments supplier’s stock valued at $35,768,000 after buying an additional 19,089 shares in the last quarter. Machina Capital S.A.S. purchased a new stake in shares of Mettler-Toledo International during the fourth quarter worth approximately $353,000. Norges Bank purchased a new stake in shares of Mettler-Toledo International during the fourth quarter worth approximately $117,351,000. Actinver Wealth Management Inc. purchased a new stake in shares of Mettler-Toledo International during the fourth quarter worth approximately $202,000. Finally, Pinnacle Wealth Planning Services Inc. purchased a new stake in shares of Mettler-Toledo International during the fourth quarter worth approximately $224,000. Institutional investors own 95.72% of the company’s stock.

Shares of Mettler-Toledo International stock traded up $5.94 during trading hours on Friday, hitting $736.95. The company’s stock had a trading volume of 51,991 shares, compared to its average volume of 132,923. The company has a quick ratio of 1.06, a current ratio of 1.42 and a debt-to-equity ratio of 1.67. The firm has a market cap of $17.92 billion, a PE ratio of 36.27, a price-to-earnings-growth ratio of 2.54 and a beta of 1.35. Mettler-Toledo International Inc. has a twelve month low of $500.74 and a twelve month high of $750.00.

Mettler-Toledo International (NYSE:MTD) last posted its quarterly earnings data on Thursday, February 7th. The medical instruments supplier reported $6.85 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $6.74 by $0.11. The firm had revenue of $817.92 million for the quarter, compared to the consensus estimate of $807.58 million. Mettler-Toledo International had a return on equity of 94.57% and a net margin of 17.46%. The company’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $5.97 EPS. As a group, equities analysts expect that Mettler-Toledo International Inc. will post 22.67 earnings per share for the current year.

In other Mettler-Toledo International news, insider Christian Magloth sold 1,500 shares of the company’s stock in a transaction dated Wednesday, February 13th. The stock was sold at an average price of $666.91, for a total transaction of $1,000,365.00. Following the sale, the insider now owns 850 shares in the company, valued at approximately $566,873.50. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Robert F. Spoerry sold 35,000 shares of the company’s stock in a transaction dated Thursday, February 21st. The stock was sold at an average price of $672.50, for a total value of $23,537,500.00. Following the sale, the director now owns 5,894 shares in the company, valued at approximately $3,963,715. The disclosure for this sale can be found here. Insiders sold a total of 150,995 shares of company stock worth $100,997,450 in the last quarter. Company insiders own 3.50% of the company’s stock.

A number of equities analysts have weighed in on MTD shares. Bank of America reissued a “neutral” rating and set a $755.00 price objective (up previously from $725.00) on shares of Mettler-Toledo International in a research note on Tuesday, April 16th. Zacks Investment Research raised Mettler-Toledo International from a “hold” rating to a “buy” rating and set a $742.00 price objective on the stock in a research note on Tuesday, February 12th. ValuEngine raised Mettler-Toledo International from a “hold” rating to a “buy” rating in a research note on Thursday, January 24th. Finally, Evercore ISI lowered Mettler-Toledo International from an “in-line” rating to an “underperform” rating in a research note on Thursday, January 3rd. One research analyst has rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $650.67.

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Mettler-Toledo International 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; various related analytical instruments and provides automated chemistry solutions used in drug and chemical compound discovery and development; metal detection and other end-of-line product inspection systems used in production and packaging for food processing and packaging, pharmaceutical, packaged consumer goods, and other industries; and solutions that are used in various process analytics applications.

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

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