Ownership Capital B.V. Sells 45,268 Shares of Mettler-Toledo International Inc. (NYSE:MTD)

Ownership Capital B.V. lessened its position in Mettler-Toledo International Inc. (NYSE:MTD) by 36.9% in the 2nd quarter, Holdings Channel.com reports. The fund owned 77,389 shares of the medical instruments supplier’s stock after selling 45,268 shares during the period. Mettler-Toledo International comprises 2.9% of Ownership Capital B.V.’s investment portfolio, making the stock its 16th largest holding. Ownership Capital B.V.’s holdings in Mettler-Toledo International were worth $65,007,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. CIBC Private Wealth Group LLC lifted its holdings in Mettler-Toledo International by 3.3% during the 1st quarter. CIBC Private Wealth Group LLC now owns 470 shares of the medical instruments supplier’s stock valued at $340,000 after buying an additional 15 shares in the last quarter. Berman Capital Advisors LLC lifted its holdings in Mettler-Toledo International by 48.5% during the 2nd quarter. Berman Capital Advisors LLC now owns 49 shares of the medical instruments supplier’s stock valued at $41,000 after buying an additional 16 shares in the last quarter. Hartford Investment Management Co. lifted its holdings in Mettler-Toledo International by 0.6% during the 2nd quarter. Hartford Investment Management Co. now owns 2,656 shares of the medical instruments supplier’s stock valued at $2,231,000 after buying an additional 17 shares in the last quarter. Signaturefd LLC lifted its holdings in Mettler-Toledo International by 11.0% during the 2nd quarter. Signaturefd LLC now owns 172 shares of the medical instruments supplier’s stock valued at $144,000 after buying an additional 17 shares in the last quarter. Finally, Raymond James Trust N.A. lifted its holdings in Mettler-Toledo International by 5.6% during the 2nd quarter. Raymond James Trust N.A. now owns 337 shares of the medical instruments supplier’s stock valued at $283,000 after buying an additional 18 shares in the last quarter. Hedge funds and other institutional investors own 96.46% of the company’s stock.

Shares of NYSE:MTD traded up $3.44 during trading hours on Thursday, hitting $664.03. The company’s stock had a trading volume of 5,134 shares, compared to its average volume of 251,668. Mettler-Toledo International Inc. has a 52 week low of $500.74 and a 52 week high of $873.51. The company has a debt-to-equity ratio of 2.16, a current ratio of 1.39 and a quick ratio of 0.98. The firm has a market capitalization of $16.78 billion, a P/E ratio of 32.70, a price-to-earnings-growth ratio of 2.19 and a beta of 1.33. The company’s fifty day moving average is $792.27.

Mettler-Toledo International (NYSE:MTD) last posted its quarterly earnings results on Thursday, August 1st. The medical instruments supplier reported $5.16 EPS for the quarter, beating the consensus estimate of $5.09 by $0.07. Mettler-Toledo International had a net margin of 18.45% and a return on equity of 98.65%. The business had revenue of $731.00 million during the quarter, compared to analyst estimates of $736.23 million. During the same quarter in the previous year, the business posted $4.65 EPS. The company’s quarterly revenue was up 1.2% compared to the same quarter last year. Equities research analysts forecast that Mettler-Toledo International Inc. will post 22.71 EPS for the current year.

In other news, insider Oliver A. Filliol sold 34,000 shares of Mettler-Toledo International stock in a transaction that occurred on Wednesday, May 22nd. The shares were sold at an average price of $724.47, for a total value of $24,631,980.00. Following the transaction, the insider now owns 29,632 shares of the company’s stock, valued at approximately $21,467,495.04. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Wah-Hui Chu sold 300 shares of Mettler-Toledo International stock in a transaction that occurred on Friday, May 17th. The stock was sold at an average price of $740.00, for a total transaction of $222,000.00. Following the completion of the transaction, the director now directly owns 3,154 shares in the company, valued at approximately $2,333,960. The disclosure for this sale can be found here. In the last 90 days, insiders sold 43,625 shares of company stock valued at $31,788,228. Company insiders own 3.50% of the company’s stock.

A number of brokerages recently weighed in on MTD. Wolfe Research began coverage on shares of Mettler-Toledo International in a report on Thursday, May 30th. They set a “peer perform” rating for the company. Zacks Investment Research lowered shares of Mettler-Toledo International from a “buy” rating to a “hold” rating and set a $811.00 price objective for the company. in a report on Friday, June 7th. ValuEngine lowered shares of Mettler-Toledo International from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Finally, Barclays lowered shares of Mettler-Toledo International from an “equal weight” rating to an “underweight” rating and set a $680.00 price objective for the company. in a report on Monday, July 15th. Two analysts have rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. Mettler-Toledo International has an average rating of “Hold” and a consensus target price of $688.60.

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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