Rhumbline Advisers Sells 114 Shares of Mettler-Toledo International Inc. (MTD)

Rhumbline Advisers lowered its stake in Mettler-Toledo International Inc. (NYSE:MTD) by 0.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 64,252 shares of the medical instruments supplier’s stock after selling 114 shares during the period. Rhumbline Advisers owned approximately 0.25% of Mettler-Toledo International worth $37,178,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Signaturefd LLC purchased a new position in shares of Mettler-Toledo International during the first quarter valued at approximately $111,000. Cornerstone Advisors Inc. boosted its position in shares of Mettler-Toledo International by 7,233.3% during the second quarter. Cornerstone Advisors Inc. now owns 220 shares of the medical instruments supplier’s stock valued at $127,000 after buying an additional 217 shares during the period. Piedmont Investment Advisors LLC purchased a new position in shares of Mettler-Toledo International during the second quarter valued at approximately $167,000. Alps Advisors Inc. purchased a new position in shares of Mettler-Toledo International during the first quarter valued at approximately $202,000. Finally, Gideon Capital Advisors Inc. purchased a new position in shares of Mettler-Toledo International during the first quarter valued at approximately $233,000. Institutional investors own 92.39% of the company’s stock.

Mettler-Toledo International stock opened at $562.11 on Wednesday. The company has a quick ratio of 1.06, a current ratio of 1.46 and a debt-to-equity ratio of 1.92. Mettler-Toledo International Inc. has a fifty-two week low of $540.24 and a fifty-two week high of $697.26. The company has a market cap of $14.43 billion, a PE ratio of 31.99, a P/E/G ratio of 2.19 and a beta of 1.11.



Mettler-Toledo International (NYSE:MTD) last posted its quarterly earnings results on Thursday, July 26th. The medical instruments supplier reported $4.65 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $4.58 by $0.07. Mettler-Toledo International had a net margin of 13.52% and a return on equity of 90.80%. The firm had revenue of $722.00 million during the quarter, compared to the consensus estimate of $715.69 million. During the same quarter in the previous year, the firm posted $3.92 earnings per share. The company’s revenue was up 10.4% on a year-over-year basis. sell-side analysts predict that Mettler-Toledo International Inc. will post 20.18 EPS for the current year.

In other news, insider William P. Donnelly sold 3,372 shares of Mettler-Toledo International stock in a transaction that occurred on Friday, May 18th. The shares were sold at an average price of $564.73, for a total transaction of $1,904,269.56. Following the completion of the sale, the insider now owns 3,000 shares of the company’s stock, valued at $1,694,190. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP William P. Donnelly sold 500 shares of Mettler-Toledo International stock in a transaction that occurred on Wednesday, August 8th. The shares were sold at an average price of $585.00, for a total transaction of $292,500.00. Following the sale, the executive vice president now directly owns 2,000 shares of the company’s stock, valued at approximately $1,170,000. The disclosure for this sale can be found here. Insiders have sold 13,434 shares of company stock valued at $7,770,362 in the last ninety days. Insiders own 4.80% of the company’s stock.

MTD has been the subject of several recent analyst reports. Cleveland Research lowered Mettler-Toledo International from a “buy” rating to a “neutral” rating in a research report on Tuesday, May 1st. Deutsche Bank dropped their target price on Mettler-Toledo International from $630.00 to $610.00 and set a “hold” rating for the company in a research report on Friday, May 4th. Bank of America dropped their target price on Mettler-Toledo International from $710.00 to $640.00 and set a “buy” rating for the company in a research report on Friday, May 4th. Zacks Investment Research lowered Mettler-Toledo International from a “buy” rating to a “hold” rating in a research report on Monday, May 7th. Finally, Morgan Stanley dropped their target price on Mettler-Toledo International from $568.00 to $540.00 and set an “equal weight” rating for the company in a research report on Friday, July 13th. Ten investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $625.55.

Mettler-Toledo International Profile

Mettler-Toledo International Inc manufactures and supplies precision instruments and services worldwide. The company operates in five segments: U.S. Operations, Swiss Operations, Western European Operations, Chinese Operations, and Other. It offers weighing instruments for laboratory, industrial, packaging, logistics, and food retailing applications; analytical instruments for use in life science; various related analytical instruments and provides automated chemistry solutions used in drug and chemical compound discovery and development; and end-of-line product inspection systems used in production and packaging for food processing and packaging, pharmaceutical, packaged consumer goods, and other industries.

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

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