Edgestream Partners L.P. trimmed its position in shares of Mettler-Toledo International, Inc. (NYSE:MTD) by 34.8% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,843 shares of the medical instruments supplier’s stock after selling 983 shares during the period. Edgestream Partners L.P.’s holdings in Mettler-Toledo International were worth $1,154,000 as of its most recent SEC filing.
A number of other large investors have also recently added to or reduced their stakes in MTD. Koch Industries Inc. lifted its stake in Mettler-Toledo International by 96,281.2% during the second quarter. Koch Industries Inc. now owns 696,836 shares of the medical instruments supplier’s stock worth $696,000 after purchasing an additional 696,113 shares in the last quarter. Janus Henderson Group PLC raised its stake in shares of Mettler-Toledo International by 5,926.9% in the second quarter. Janus Henderson Group PLC now owns 202,927 shares of the medical instruments supplier’s stock valued at $119,430,000 after acquiring an additional 199,560 shares in the last quarter. Parametric Portfolio Associates LLC raised its stake in shares of Mettler-Toledo International by 253.5% in the second quarter. Parametric Portfolio Associates LLC now owns 201,137 shares of the medical instruments supplier’s stock valued at $118,377,000 after acquiring an additional 144,245 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. acquired a new stake in shares of Mettler-Toledo International in the second quarter valued at $71,233,000. Finally, BlackRock Inc. raised its stake in shares of Mettler-Toledo International by 6.4% in the second quarter. BlackRock Inc. now owns 1,860,178 shares of the medical instruments supplier’s stock valued at $1,094,791,000 after acquiring an additional 112,029 shares in the last quarter. Institutional investors own 93.15% of the company’s stock.
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Several analysts have recently issued reports on MTD shares. Zacks Investment Research cut Mettler-Toledo International from a “buy” rating to a “hold” rating in a research note on Wednesday, September 13th. Goldman Sachs Group, Inc. (The) reiterated a “buy” rating and issued a $690.00 price objective on shares of Mettler-Toledo International in a research note on Tuesday, September 26th. Morgan Stanley reiterated an “equal weight” rating and issued a $565.00 price objective (up from $533.00) on shares of Mettler-Toledo International in a research note on Saturday, July 22nd. BidaskClub cut Mettler-Toledo International from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 31st. Finally, Wells Fargo & Company upgraded Mettler-Toledo International from a “market perform” rating to an “outperform” rating in a research note on Wednesday, July 12th. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $611.00.
In related news, insider Waldemar Rauch sold 2,203 shares of the stock in a transaction dated Monday, August 28th. The shares were sold at an average price of $594.27, for a total transaction of $1,309,176.81. Following the sale, the insider now owns 7,771 shares in the company, valued at $4,618,072.17. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Shawn Vadala sold 1,500 shares of the stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $577.00, for a total transaction of $865,500.00. Following the sale, the chief financial officer now owns 6,525 shares in the company, valued at approximately $3,764,925. The disclosure for this sale can be found here. In the last 90 days, insiders sold 24,511 shares of company stock worth $14,509,492. Company 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.
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