Mettler-Toledo International, Inc. (MTD) Stake Lowered by Trilogy Global Advisors LP

Trilogy Global Advisors LP lessened its stake in Mettler-Toledo International, Inc. (NYSE:MTD) by 33.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 24,964 shares of the medical instruments supplier’s stock after selling 12,574 shares during the quarter. Trilogy Global Advisors LP owned approximately 0.10% of Mettler-Toledo International worth $14,692,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. State of Alaska Department of Revenue boosted its holdings in shares of Mettler-Toledo International by 0.5% in the 2nd quarter. State of Alaska Department of Revenue now owns 1,087 shares of the medical instruments supplier’s stock valued at $639,000 after buying an additional 5 shares during the last quarter. First Personal Financial Services boosted its holdings in shares of Mettler-Toledo International by 2.8% in the 2nd quarter. First Personal Financial Services now owns 186 shares of the medical instruments supplier’s stock valued at $109,000 after buying an additional 5 shares during the last quarter. Contravisory Investment Management Inc. boosted its holdings in shares of Mettler-Toledo International by 1.3% in the 2nd quarter. Contravisory Investment Management Inc. now owns 558 shares of the medical instruments supplier’s stock valued at $328,000 after buying an additional 7 shares during the last quarter. Pacer Advisors Inc. boosted its holdings in shares of Mettler-Toledo International by 2.5% in the 1st quarter. Pacer Advisors Inc. now owns 454 shares of the medical instruments supplier’s stock valued at $217,000 after buying an additional 11 shares during the last quarter. Finally, 1st Global Advisors Inc. boosted its holdings in shares of Mettler-Toledo International by 0.7% in the 1st quarter. 1st Global Advisors Inc. now owns 1,812 shares of the medical instruments supplier’s stock valued at $868,000 after buying an additional 13 shares during the last quarter. 93.18% of the stock is owned by institutional investors.

Shares of Mettler-Toledo International, Inc. (NYSE:MTD) traded up 0.28% during midday trading on Tuesday, reaching $635.08. The company’s stock had a trading volume of 23,804 shares. The stock has a market cap of $16.30 billion, a PE ratio of 39.05 and a beta of 1.11. Mettler-Toledo International, Inc. has a one year low of $394.49 and a one year high of $635.42. The firm has a 50-day moving average of $593.91 and a 200-day moving average of $556.34.

Mettler-Toledo International (NYSE:MTD) last posted its quarterly earnings data on Thursday, July 27th. The medical instruments supplier reported $3.92 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $3.89 by $0.03. Mettler-Toledo International had a return on equity of 95.28% and a net margin of 16.60%. The business had revenue of $653.70 million for the quarter, compared to analysts’ expectations of $646.68 million. During the same quarter in the previous year, the firm earned $3.22 earnings per share. The business’s revenue was up 7.5% on a year-over-year basis. On average, analysts forecast that Mettler-Toledo International, Inc. will post $17.33 EPS for the current year.

In other Mettler-Toledo International news, insider William P. Donnelly sold 2,845 shares of the business’s stock in a transaction on Thursday, August 3rd. The stock was sold at an average price of $576.92, for a total value of $1,641,337.40. Following the transaction, the insider now owns 2,345 shares of the company’s stock, valued at $1,352,877.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Shawn Vadala sold 1,500 shares of the business’s stock in a transaction on Friday, August 4th. The stock was sold at an average price of $577.00, for a total value of $865,500.00. Following the completion of the transaction, the chief financial officer now directly 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 three months, insiders sold 27,356 shares of company stock worth $16,150,829. Insiders own 5.20% of the company’s stock.

MTD has been the subject of several recent analyst reports. Bank of America Corporation increased their price objective on Mettler-Toledo International from $590.00 to $630.00 and gave the company a “buy” rating in a report on Wednesday, May 31st. Zacks Investment Research downgraded Mettler-Toledo International from a “buy” rating to a “hold” rating in a report on Wednesday, September 13th. Morgan Stanley reissued an “equal weight” rating and issued a $565.00 price objective (up previously from $533.00) on shares of Mettler-Toledo International in a report on Saturday, July 22nd. Jefferies Group LLC reissued a “hold” rating and issued a $550.00 price objective on shares of Mettler-Toledo International in a report on Tuesday, June 20th. Finally, BidaskClub downgraded Mettler-Toledo International from a “strong-buy” rating to a “buy” rating in a report on Tuesday, June 13th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Mettler-Toledo International has a consensus rating of “Buy” and an average price target of $574.00.

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About Mettler-Toledo International

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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