Mettler-Toledo International, Inc. (MTD) Shares Sold by Atlanta Capital Management Co. L L C

Atlanta Capital Management Co. L L C reduced its stake in Mettler-Toledo International, Inc. (NYSE:MTD) by 98.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,468 shares of the medical instruments supplier’s stock after selling 299,665 shares during the quarter. Atlanta Capital Management Co. L L C’s holdings in Mettler-Toledo International were worth $3,218,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in MTD. BlackRock Inc. raised its holdings in Mettler-Toledo International by 1,735.6% in the 1st quarter. BlackRock Inc. now owns 1,748,149 shares of the medical instruments supplier’s stock valued at $837,207,000 after acquiring an additional 1,652,915 shares during the period. Janus Henderson Group PLC grew its position in shares of Mettler-Toledo International by 5,926.9% during the 2nd quarter. Janus Henderson Group PLC now owns 202,927 shares of the medical instruments supplier’s stock worth $119,430,000 after purchasing an additional 199,560 shares in the last quarter. Parametric Portfolio Associates LLC grew its position in shares of Mettler-Toledo International by 253.5% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 201,137 shares of the medical instruments supplier’s stock worth $118,377,000 after purchasing an additional 144,245 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. acquired a new position in shares of Mettler-Toledo International during the 2nd quarter worth approximately $71,233,000. Finally, Clearbridge Investments LLC grew its position in shares of Mettler-Toledo International by 97.4% during the 1st quarter. Clearbridge Investments LLC now owns 180,393 shares of the medical instruments supplier’s stock worth $86,392,000 after purchasing an additional 89,000 shares in the last quarter. 93.18% of the stock is currently owned by hedge funds and other institutional investors.

In other Mettler-Toledo International news, Director Thomas P. Salice sold 890 shares of the business’s stock in a transaction that occurred on Thursday, September 7th. The shares were sold at an average price of $611.00, for a total value of $543,790.00. Following the completion of the transaction, the director now owns 62,437 shares of the company’s stock, valued at approximately $38,149,007. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Robert F. Spoerry sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $607.00, for a total transaction of $3,035,000.00. Following the completion of the transaction, the director now directly owns 10,587 shares of the company’s stock, valued at approximately $6,426,309. The disclosure for this sale can be found here. In the last three months, insiders sold 27,356 shares of company stock valued at $16,150,829. Corporate insiders own 5.20% of the company’s stock.

MTD has been the topic of a number of analyst reports. Zacks Investment Research upgraded shares of Mettler-Toledo International from a “hold” rating to a “buy” rating and set a $684.00 target price on the stock in a research report on Friday, July 21st. BidaskClub upgraded shares of Mettler-Toledo International from a “hold” rating to a “buy” rating in a research report on Monday, August 14th. Goldman Sachs Group, Inc. (The) restated a “buy” rating and set a $690.00 target price on shares of Mettler-Toledo International in a research report on Tuesday, September 26th. Bank of America Corporation increased their target price on shares of Mettler-Toledo International from $640.00 to $710.00 and gave the stock a “buy” rating in a research report on Monday. Finally, Morgan Stanley restated an “equal weight” rating and set a $565.00 target price (up previously from $533.00) on shares of Mettler-Toledo International in a research report on Saturday, July 22nd. Four analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $602.67.

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Mettler-Toledo International, Inc. (NYSE:MTD) traded up 0.45% during mid-day trading on Wednesday, hitting $655.90. 11,084 shares of the company traded hands. The firm has a 50 day moving average of $620.81 and a 200 day moving average of $574.30. Mettler-Toledo International, Inc. has a one year low of $395.61 and a one year high of $658.70. The firm has a market capitalization of $16.84 billion, a P/E ratio of 40.44 and a beta of 1.11.

Mettler-Toledo International (NYSE:MTD) last issued its quarterly earnings data on Thursday, July 27th. The medical instruments supplier reported $3.92 EPS for the quarter, beating the consensus estimate of $3.89 by $0.03. Mettler-Toledo International had a net margin of 16.60% and a return on equity of 95.28%. The company had revenue of $653.70 million during the quarter, compared to analysts’ expectations of $646.68 million. During the same quarter in the previous year, the company earned $3.22 earnings per share. Mettler-Toledo International’s revenue for the quarter was up 7.5% on a year-over-year basis. Equities research analysts expect that Mettler-Toledo International, Inc. will post $17.35 earnings per share for the current fiscal year.

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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