Mettler-Toledo International, Inc. (MTD) Holdings Reduced by Mar Vista Investment Partners LLC

Mar Vista Investment Partners LLC lowered its position in Mettler-Toledo International, Inc. (NYSE:MTD) by 0.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 98,121 shares of the medical instruments supplier’s stock after selling 512 shares during the quarter. Mettler-Toledo International accounts for approximately 2.6% of Mar Vista Investment Partners LLC’s holdings, making the stock its 17th biggest holding. Mar Vista Investment Partners LLC owned about 0.38% of Mettler-Toledo International worth $61,439,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the business. Vanguard Group Inc. lifted its holdings in Mettler-Toledo International by 2.9% in the 2nd quarter. Vanguard Group Inc. now owns 2,621,389 shares of the medical instruments supplier’s stock worth $1,542,792,000 after buying an additional 74,156 shares in the last quarter. BlackRock Inc. raised its stake in shares of Mettler-Toledo International by 6.4% in the 2nd quarter. BlackRock Inc. now owns 1,860,178 shares of the medical instruments supplier’s stock valued at $1,094,791,000 after purchasing an additional 112,029 shares in the last quarter. Koch Industries Inc. raised its stake in shares of Mettler-Toledo International by 96,281.2% in the 2nd quarter. Koch Industries Inc. now owns 696,836 shares of the medical instruments supplier’s stock valued at $696,000 after purchasing an additional 696,113 shares in the last quarter. Baillie Gifford & Co. raised its stake in shares of Mettler-Toledo International by 4.9% in the 2nd quarter. Baillie Gifford & Co. now owns 671,210 shares of the medical instruments supplier’s stock valued at $395,033,000 after purchasing an additional 31,597 shares in the last quarter. Finally, Fiera Capital Corp raised its stake in shares of Mettler-Toledo International by 10.2% in the 2nd quarter. Fiera Capital Corp now owns 642,431 shares of the medical instruments supplier’s stock valued at $378,096,000 after purchasing an additional 59,513 shares in the last quarter. Hedge funds and other institutional investors own 93.52% of the company’s stock.

MTD has been the topic of a number of recent 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 note on Friday, July 21st. Morgan Stanley restated an “equal weight” rating and issued a $565.00 target price (up previously from $533.00) on shares of Mettler-Toledo International in a research note on Saturday, July 22nd. Jefferies Group LLC restated a “hold” rating and issued a $550.00 target price on shares of Mettler-Toledo International in a research note on Thursday, July 27th. BidaskClub lowered shares of Mettler-Toledo International from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 31st. Finally, The Goldman Sachs Group, Inc. restated a “buy” rating and issued a $690.00 target price on shares of Mettler-Toledo International in a research note on Tuesday, September 26th. Five investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $621.57.

In other Mettler-Toledo International news, CFO Shawn Vadala sold 226 shares of the company’s stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $629.36, for a total value of $142,235.36. Following the completion of the transaction, the chief financial officer now owns 5,299 shares in the company, valued at approximately $3,334,978.64. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider William P. Donnelly sold 10,000 shares of the company’s stock in a transaction dated Tuesday, November 14th. The stock was sold at an average price of $630.02, for a total transaction of $6,300,200.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 30,291 shares of company stock worth $18,570,721. 5.20% of the stock is owned by company insiders.

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Mettler-Toledo International, Inc. (MTD) traded up $5.31 on Friday, reaching $630.50. 137,100 shares of the company traded hands, compared to its average volume of 158,736. The firm has a market capitalization of $16,080.00, a price-to-earnings ratio of 36.99, a price-to-earnings-growth ratio of 2.86 and a beta of 1.13. Mettler-Toledo International, Inc. has a 52-week low of $407.87 and a 52-week high of $694.48. The company has a current ratio of 1.51, a quick ratio of 1.11 and a debt-to-equity ratio of 2.05.

Mettler-Toledo International (NYSE:MTD) last released its quarterly earnings data on Thursday, November 2nd. The medical instruments supplier reported $4.36 earnings per share for the quarter, topping the consensus estimate of $4.32 by $0.04. The firm had revenue of $698.80 million for the quarter, compared to analyst estimates of $685.56 million. Mettler-Toledo International had a net margin of 16.44% and a return on equity of 96.81%. Mettler-Toledo International’s quarterly revenue was up 7.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.89 earnings per share. equities analysts anticipate that Mettler-Toledo International, Inc. will post 17.52 EPS for the current 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.

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

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