Mettler-Toledo International, Inc. (MTD) Holdings Cut by Columbus Circle Investors

Columbus Circle Investors cut its holdings in Mettler-Toledo International, Inc. (NYSE:MTD) by 2.4% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 36,523 shares of the medical instruments supplier’s stock after selling 917 shares during the quarter. Columbus Circle Investors owned 0.14% of Mettler-Toledo International worth $22,869,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. First Personal Financial Services lifted its stake in Mettler-Toledo International by 2.8% in 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 shares of 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 worth $328,000 after purchasing an additional 7 shares during the period. Advisor Partners LLC raised its position in shares of Mettler-Toledo International by 3.5% during the second quarter. Advisor Partners LLC now owns 468 shares of the medical instruments supplier’s stock worth $275,000 after purchasing an additional 16 shares during the period. Alps Advisors Inc. raised its position in shares of 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 worth $721,000 after purchasing an additional 17 shares during the period. Finally, Commonwealth Bank of Australia raised its position in shares of Mettler-Toledo International by 3.1% during the second quarter. Commonwealth Bank of Australia now owns 562 shares of the medical instruments supplier’s stock worth $329,000 after purchasing an additional 17 shares during the period. 93.52% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Mettler-Toledo International, Inc. (MTD) traded up $0.42 during trading on Friday, reaching $630.92. The company had a trading volume of 97,265 shares, compared to its average volume of 157,104. Mettler-Toledo International, Inc. has a 1-year low of $407.87 and a 1-year high of $694.48. The company has a market capitalization of $16,138.30, a P/E ratio of 37.33, a P/E/G ratio of 2.88 and a beta of 1.13. The company has a debt-to-equity ratio of 2.05, a current ratio of 1.51 and a quick ratio of 1.11.

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

A number of equities analysts have recently weighed in on MTD shares. Zacks Investment Research lowered Mettler-Toledo International from a “buy” rating to a “hold” rating in a research report on Wednesday, September 13th. Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating and set a $690.00 target price on shares of Mettler-Toledo International in a research report on Tuesday, September 26th. Morgan Stanley reaffirmed an “equal weight” rating and set a $565.00 target price (up from $533.00) on shares of Mettler-Toledo International in a research report on Saturday, July 22nd. Robert W. Baird upped their target price on Mettler-Toledo International from $605.00 to $675.00 and gave the stock a “neutral” rating in a research report on Friday, November 3rd. Finally, BidaskClub lowered Mettler-Toledo International from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 31st. Five research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Mettler-Toledo International presently has an average rating of “Buy” and an average target price of $621.57.

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In related news, Director Wah-Hui Chu sold 500 shares of the company’s stock in a transaction on Tuesday, August 22nd. The stock was sold at an average price of $589.16, for a total transaction of $294,580.00. Following the completion of the sale, the director now owns 3,243 shares in the company, valued at $1,910,645.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Christian Magloth sold 750 shares of the company’s stock in a transaction on Thursday, August 24th. The stock was sold at an average price of $590.00, for a total value of $442,500.00. Following the sale, the insider now owns 750 shares of the company’s stock, valued at approximately $442,500. The disclosure for this sale can be found here. Insiders have sold 30,291 shares of company stock valued at $18,570,721 in the last quarter. 5.20% of the stock is currently owned by corporate insiders.

Mettler-Toledo International 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.

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

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