State Street Corp Sells 27,426 Shares of Mettler-Toledo International, Inc. (MTD)

State Street Corp lessened its stake in Mettler-Toledo International, Inc. (NYSE:MTD) by 2.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,127,765 shares of the medical instruments supplier’s stock after selling 27,426 shares during the period. State Street Corp owned about 4.39% of Mettler-Toledo International worth $663,745,000 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. First Personal Financial Services raised its position in Mettler-Toledo International by 2.8% during the 2nd quarter. First Personal Financial Services now owns 186 shares of the medical instruments supplier’s stock valued at $109,000 after purchasing an additional 5 shares during the last quarter. Sun Life Financial INC raised its position in Mettler-Toledo International by 2,585.7% during the 2nd quarter. Sun Life Financial INC now owns 188 shares of the medical instruments supplier’s stock valued at $111,000 after purchasing an additional 181 shares during the last quarter. Acrospire Investment Management LLC bought a new position in Mettler-Toledo International during the 2nd quarter valued at approximately $118,000. CAPROCK Group Inc. bought a new position in Mettler-Toledo International during the 2nd quarter valued at approximately $205,000. Finally, Personal Capital Advisors Corp bought a new position in Mettler-Toledo International during the 2nd quarter valued at approximately $206,000. 93.18% of the stock is owned by institutional investors.

COPYRIGHT VIOLATION NOTICE: “State Street Corp Sells 27,426 Shares of Mettler-Toledo International, Inc. (MTD)” was first reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this article on another publication, it was illegally stolen and reposted in violation of United States and international trademark & copyright laws. The legal version of this article can be read at https://ledgergazette.com/2017/10/11/state-street-corp-sells-27426-shares-of-mettler-toledo-international-inc-mtd.html.

Mettler-Toledo International, Inc. (MTD) opened at 654.38 on Wednesday. Mettler-Toledo International, Inc. has a 12-month low of $395.61 and a 12-month high of $656.78. The firm’s 50 day moving average price is $620.81 and its 200-day moving average price is $574.30. The stock has a market cap of $16.80 billion, a P/E ratio of 40.24 and a beta of 1.11.

Mettler-Toledo International (NYSE:MTD) last posted its quarterly earnings results on Thursday, July 27th. The medical instruments supplier reported $3.92 earnings per share for the quarter, beating the Thomson Reuters’ 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 firm had revenue of $653.70 million during the quarter, compared to the consensus estimate of $646.68 million. During the same quarter in the previous year, the firm posted $3.22 earnings per share. The company’s revenue was up 7.5% on a year-over-year basis. Equities research analysts anticipate that Mettler-Toledo International, Inc. will post $17.35 earnings per share for the current fiscal year.

In other news, insider William P. Donnelly sold 2,845 shares of Mettler-Toledo International stock in a transaction that occurred on Thursday, August 3rd. The shares were sold at an average price of $576.92, for a total transaction of $1,641,337.40. Following the completion of the sale, 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 Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Thomas Caratsch sold 150 shares of Mettler-Toledo International stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $578.00, for a total transaction of $86,700.00. Following the transaction, the insider now directly owns 920 shares in the company, valued at $531,760. The disclosure for this sale can be found here. Insiders have sold 27,356 shares of company stock valued at $16,150,829 in the last ninety days. Insiders own 5.20% of the company’s stock.

A number of research analysts have commented on MTD shares. BidaskClub raised Mettler-Toledo International from a “buy” rating to a “strong-buy” rating in a research report on Thursday, June 22nd. Wells Fargo & Company raised Mettler-Toledo International from a “market perform” rating to an “outperform” rating in a research report on Wednesday, July 12th. Zacks Investment Research raised Mettler-Toledo International from a “hold” rating to a “buy” rating and set a $705.00 price target for the company in a research report on Thursday, September 14th. Jefferies Group LLC reaffirmed a “hold” rating and set a $550.00 price target on shares of Mettler-Toledo International in a research report on Tuesday, June 20th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and set a $565.00 price target (up previously from $533.00) on shares of Mettler-Toledo International in a research report on Saturday, July 22nd. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $602.67.

Mettler-Toledo International Company Profile

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. First Personal Financial Services raised its position in Mettler-Toledo International by 2.8% during the 2nd quarter. First Personal Financial Services now owns 186 shares of the medical instruments supplier’s stock valued at $109,000 after purchasing an additional 5 shares during the last quarter. Sun Life Financial INC raised its position in Mettler-Toledo International by 2,585.7% during the 2nd quarter. Sun Life Financial INC now owns 188 shares of the medical instruments supplier’s stock valued at $111,000 after purchasing an additional 181 shares during the last quarter. Acrospire Investment Management LLC bought a new position in Mettler-Toledo International during the 2nd quarter valued at approximately $118,000. CAPROCK Group Inc. bought a new position in Mettler-Toledo International during the 2nd quarter valued at approximately $205,000. Finally, Personal Capital Advisors Corp bought a new position in Mettler-Toledo International during the 2nd quarter valued at approximately $206,000. 93.18% of the stock is owned by institutional investors.

COPYRIGHT VIOLATION NOTICE: “State Street Corp Sells 27,426 Shares of Mettler-Toledo International, Inc. (MTD)” was first reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this article on another publication, it was illegally stolen and reposted in violation of United States and international trademark & copyright laws. The legal version of this article can be read at https://ledgergazette.com/2017/10/11/state-street-corp-sells-27426-shares-of-mettler-toledo-international-inc-mtd.html.

Mettler-Toledo International, Inc. (MTD) opened at 654.38 on Wednesday. Mettler-Toledo International, Inc. has a 12-month low of $395.61 and a 12-month high of $656.78. The firm’s 50 day moving average price is $620.81 and its 200-day moving average price is $574.30. The stock has a market cap of $16.80 billion, a P/E ratio of 40.24 and a beta of 1.11.

Mettler-Toledo International (NYSE:MTD) last posted its quarterly earnings results on Thursday, July 27th. The medical instruments supplier reported $3.92 earnings per share for the quarter, beating the Thomson Reuters’ 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 firm had revenue of $653.70 million during the quarter, compared to the consensus estimate of $646.68 million. During the same quarter in the previous year, the firm posted $3.22 earnings per share. The company’s revenue was up 7.5% on a year-over-year basis. Equities research analysts anticipate that Mettler-Toledo International, Inc. will post $17.35 earnings per share for the current fiscal year.

In other news, insider William P. Donnelly sold 2,845 shares of Mettler-Toledo International stock in a transaction that occurred on Thursday, August 3rd. The shares were sold at an average price of $576.92, for a total transaction of $1,641,337.40. Following the completion of the sale, 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 Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Thomas Caratsch sold 150 shares of Mettler-Toledo International stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $578.00, for a total transaction of $86,700.00. Following the transaction, the insider now directly owns 920 shares in the company, valued at $531,760. The disclosure for this sale can be found here. Insiders have sold 27,356 shares of company stock valued at $16,150,829 in the last ninety days. Insiders own 5.20% of the company’s stock.

A number of research analysts have commented on MTD shares. BidaskClub raised Mettler-Toledo International from a “buy” rating to a “strong-buy” rating in a research report on Thursday, June 22nd. Wells Fargo & Company raised Mettler-Toledo International from a “market perform” rating to an “outperform” rating in a research report on Wednesday, July 12th. Zacks Investment Research raised Mettler-Toledo International from a “hold” rating to a “buy” rating and set a $705.00 price target for the company in a research report on Thursday, September 14th. Jefferies Group LLC reaffirmed a “hold” rating and set a $550.00 price target on shares of Mettler-Toledo International in a research report on Tuesday, June 20th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and set a $565.00 price target (up previously from $533.00) on shares of Mettler-Toledo International in a research report on Saturday, July 22nd. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $602.67.

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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