Edgestream Partners L.P. Decreases Holdings in Mettler-Toledo International, Inc. (MTD)

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.

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

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