Mettler-Toledo International, Inc. (MTD) Position Trimmed by Ashfield Capital Partners LLC

Ashfield Capital Partners LLC trimmed its holdings in shares of Mettler-Toledo International, Inc. (NYSE:MTD) by 11.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,984 shares of the medical instruments supplier’s stock after selling 503 shares during the period. Ashfield Capital Partners LLC’s holdings in Mettler-Toledo International were worth $2,495,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of the stock. State of Alaska Department of Revenue raised its position in Mettler-Toledo International by 0.5% during the second quarter. State of Alaska Department of Revenue now owns 1,087 shares of the medical instruments supplier’s stock valued at $639,000 after buying an additional 5 shares during the period. First Personal Financial Services raised its position in Mettler-Toledo International by 2.8% during the second quarter. First Personal Financial Services now owns 186 shares of the medical instruments supplier’s stock valued at $109,000 after buying an additional 5 shares during the period. Contravisory Investment Management Inc. raised its position in Mettler-Toledo International by 1.3% during the second quarter. Contravisory Investment Management Inc. now owns 558 shares of the medical instruments supplier’s stock valued at $328,000 after buying an additional 7 shares during the period. Advisor Partners LLC raised its position in Mettler-Toledo International by 3.5% during the second quarter. Advisor Partners LLC now owns 468 shares of the medical instruments supplier’s stock valued at $275,000 after buying an additional 16 shares during the period. Finally, Alps Advisors Inc. raised its position in Mettler-Toledo International by 1.4% during the second quarter. Alps Advisors Inc. now owns 1,225 shares of the medical instruments supplier’s stock valued at $721,000 after buying an additional 17 shares during the period. 93.52% of the stock is currently owned by hedge funds and other institutional investors.

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Shares of Mettler-Toledo International, Inc. (NYSE:MTD) traded down $6.18 during midday trading on Thursday, reaching $625.19. The company’s stock had a trading volume of 162,400 shares, compared to its average volume of 158,833. The company has a quick ratio of 1.11, a current ratio of 1.51 and a debt-to-equity ratio of 2.05. Mettler-Toledo International, Inc. has a 1 year low of $407.87 and a 1 year high of $694.48. The stock has a market capitalization of $16,149.89, a P/E ratio of 37.36, a P/E/G ratio of 2.88 and a beta of 1.13.

Mettler-Toledo International (NYSE:MTD) last released its quarterly earnings results on Thursday, November 2nd. The medical instruments supplier reported $4.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.32 by $0.04. The company had revenue of $698.80 million during the quarter, compared to the consensus estimate of $685.56 million. Mettler-Toledo International had a return on equity of 96.81% and a net margin of 16.44%. The firm’s revenue was up 7.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.89 EPS. equities research analysts forecast that Mettler-Toledo International, Inc. will post 17.52 EPS for the current fiscal year.

Several research analysts recently weighed in on MTD shares. Bank of America Corporation upped their price target on Mettler-Toledo International from $640.00 to $710.00 and gave the company a “buy” rating in a research report on Monday, October 9th. Goldman Sachs Group, Inc. (The) restated a “buy” rating and issued a $690.00 target price on shares of Mettler-Toledo International in a research note on Tuesday, September 26th. Zacks Investment Research upgraded Mettler-Toledo International from a “hold” rating to a “buy” rating and set a $711.00 target price on the stock in a research note on Thursday, September 21st. BidaskClub upgraded Mettler-Toledo International from a “hold” rating to a “buy” rating in a research note on Monday, August 14th. Finally, Morgan Stanley restated an “equal weight” rating and issued a $565.00 target price (up previously from $533.00) on shares of Mettler-Toledo International in a research note on Saturday, July 22nd. Five equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $621.57.

In other news, insider Christian Magloth sold 750 shares of the company’s stock in a transaction dated Thursday, August 24th. The stock was sold at an average price of $590.00, for a total transaction of $442,500.00. Following the completion of the sale, the insider now owns 750 shares in the company, valued at approximately $442,500. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider William P. Donnelly sold 10,000 shares of the company’s stock in a transaction dated Tuesday, November 14th. The stock was sold at an average price of $630.02, for a total value of $6,300,200.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 30,291 shares of company stock valued at $18,570,721. 5.20% of the stock is currently owned by corporate 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.

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

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