Mettler-Toledo International, Inc. (MTD) Holdings Reduced by Mitchell Capital Management Co.

Mitchell Capital Management Co. decreased its stake in shares of Mettler-Toledo International, Inc. (NYSE:MTD) by 34.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,459 shares of the medical instruments supplier’s stock after selling 5,978 shares during the period. Mettler-Toledo International makes up about 2.6% of Mitchell Capital Management Co.’s investment portfolio, making the stock its 12th largest holding. Mitchell Capital Management Co.’s holdings in Mettler-Toledo International were worth $7,175,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of MTD. Teachers Advisors LLC increased its position in shares of Mettler-Toledo International by 2.8% during the first quarter. Teachers Advisors LLC now owns 38,755 shares of the medical instruments supplier’s stock worth $18,560,000 after acquiring an additional 1,058 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Mettler-Toledo International by 4.1% during the first quarter. Dimensional Fund Advisors LP now owns 90,636 shares of the medical instruments supplier’s stock worth $43,406,000 after acquiring an additional 3,555 shares in the last quarter. HighTower Advisors LLC increased its position in shares of Mettler-Toledo International by 24.5% during the first quarter. HighTower Advisors LLC now owns 1,444 shares of the medical instruments supplier’s stock worth $687,000 after acquiring an additional 284 shares in the last quarter. Nomura Asset Management Co. Ltd. increased its position in shares of Mettler-Toledo International by 10.1% during the first quarter. Nomura Asset Management Co. Ltd. now owns 3,273 shares of the medical instruments supplier’s stock worth $1,567,000 after acquiring an additional 300 shares in the last quarter. Finally, Xact Kapitalforvaltning AB increased its position in shares of Mettler-Toledo International by 8.4% during the second quarter. Xact Kapitalforvaltning AB now owns 4,437 shares of the medical instruments supplier’s stock worth $2,611,000 after acquiring an additional 343 shares in the last quarter. 93.15% of the stock is owned by institutional investors.

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In related news, insider Thomas Caratsch sold 150 shares of the firm’s stock in a transaction on Monday, August 7th. The shares were sold at an average price of $578.00, for a total value of $86,700.00. Following the completion of the transaction, the insider now owns 920 shares of the company’s stock, valued at $531,760. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Thomas P. Salice sold 890 shares of the firm’s stock in a transaction on Thursday, September 7th. The shares were sold at an average price of $611.00, for a total transaction of $543,790.00. Following the completion of the transaction, the director now directly owns 62,437 shares of the company’s stock, valued at approximately $38,149,007. The disclosure for this sale can be found here. In the last ninety days, insiders sold 21,661 shares of company stock valued at $12,863,692. 5.20% of the stock is owned by insiders.

Mettler-Toledo International, Inc. (NYSE:MTD) traded down $25.60 during trading on Friday, reaching $646.00. 389,134 shares of the company were exchanged, compared to its average volume of 101,213. The company has a market capitalization of $16,581.53, a P/E ratio of 38.22, a P/E/G ratio of 2.96 and a beta of 1.13. Mettler-Toledo International, Inc. has a 1-year low of $407.86 and a 1-year high of $694.48. The company has a current ratio of 1.55, a quick ratio of 1.12 and a debt-to-equity ratio of 2.05.

Mettler-Toledo International (NYSE:MTD) last released its earnings results on Thursday, November 2nd. The medical instruments supplier reported $4.36 earnings per share for the quarter, beating analysts’ consensus estimates of $4.32 by $0.04. The business had revenue of $698.80 million during the quarter, compared to the consensus estimate of $685.56 million. Mettler-Toledo International had a net margin of 16.44% and a return on equity of 100.47%. The firm’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same quarter last year, the firm earned $3.89 earnings per share. analysts predict that Mettler-Toledo International, Inc. will post 17.45 earnings per share for the current fiscal year.

Several brokerages have recently issued reports on MTD. Morgan Stanley reissued an “equal weight” rating and set a $565.00 price objective (up previously from $533.00) on shares of Mettler-Toledo International in a research report on Saturday, July 22nd. Wells Fargo & Company raised shares of Mettler-Toledo International from a “market perform” rating to an “outperform” rating in a research report on Wednesday, July 12th. Zacks Investment Research downgraded shares of Mettler-Toledo International from a “buy” rating to a “hold” rating in a research report on Wednesday, September 13th. BidaskClub raised shares of Mettler-Toledo International from a “hold” rating to a “buy” rating in a research report on Monday, August 14th. Finally, Goldman Sachs Group, Inc. (The) reissued a “buy” rating and set a $690.00 price objective on shares of Mettler-Toledo International in a research report on Tuesday, September 26th. Five equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $621.57.

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.

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

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