Mettler-Toledo International, Inc. (MTD) Shares Sold by Bank of Nova Scotia

Bank of Nova Scotia lowered its holdings in Mettler-Toledo International, Inc. (NYSE:MTD) by 54.8% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,834 shares of the medical instruments supplier’s stock after selling 7,066 shares during the period. Bank of Nova Scotia’s holdings in Mettler-Toledo International were worth $3,434,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Airain ltd purchased a new stake in shares of Mettler-Toledo International in the second quarter valued at $2,958,000. Morgan Stanley lifted its holdings in shares of Mettler-Toledo International by 37.8% in the first quarter. Morgan Stanley now owns 269,128 shares of the medical instruments supplier’s stock valued at $128,890,000 after purchasing an additional 73,762 shares in the last quarter. Riverhead Capital Management LLC lifted its holdings in shares of Mettler-Toledo International by 90.5% in the second quarter. Riverhead Capital Management LLC now owns 1,800 shares of the medical instruments supplier’s stock valued at $1,060,000 after purchasing an additional 855 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Mettler-Toledo International by 2.3% in the second quarter. Principal Financial Group Inc. now owns 42,546 shares of the medical instruments supplier’s stock valued at $25,040,000 after purchasing an additional 974 shares in the last quarter. Finally, California Public Employees Retirement System lifted its holdings in shares of Mettler-Toledo International by 2.0% in the second quarter. California Public Employees Retirement System now owns 71,000 shares of the medical instruments supplier’s stock valued at $41,786,000 after purchasing an additional 1,400 shares in the last quarter. Institutional investors own 93.08% of the company’s stock.

COPYRIGHT VIOLATION WARNING: “Mettler-Toledo International, Inc. (MTD) Shares Sold by Bank of Nova Scotia” was first published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this story on another site, it was stolen and reposted in violation of U.S. & international copyright and trademark law. The legal version of this story can be viewed at https://ledgergazette.com/2017/10/18/mettler-toledo-international-inc-mtd-shares-sold-by-bank-of-nova-scotia.html.

MTD has been the subject of a number of research analyst reports. Bank of America Corporation increased their target price on Mettler-Toledo International from $640.00 to $710.00 and gave the company a “buy” rating in a report on Monday, October 9th. Zacks Investment Research lowered Mettler-Toledo International from a “buy” rating to a “hold” rating in a report on Tuesday, September 26th. Jefferies Group LLC restated a “hold” rating and issued a $550.00 target price on shares of Mettler-Toledo International in a report on Thursday, July 27th. BidaskClub upgraded Mettler-Toledo International from a “buy” rating to a “strong-buy” rating in a report on Wednesday, July 12th. Finally, Goldman Sachs Group, Inc. (The) restated a “buy” rating and issued a $690.00 target price on shares of Mettler-Toledo International in a report on Tuesday, September 26th. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $602.67.

Mettler-Toledo International (NYSE:MTD) last posted 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. The business had revenue of $653.70 million for the quarter, compared to analysts’ expectations of $646.68 million. Mettler-Toledo International had a net margin of 16.60% and a return on equity of 95.28%. The firm’s revenue was up 7.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.22 EPS.

In related news, insider William P. Donnelly sold 2,845 shares of the business’s stock in a transaction on Thursday, August 3rd. The shares were sold at an average price of $576.92, for a total value of $1,641,337.40. Following the sale, the insider now directly owns 2,345 shares of the company’s stock, valued at approximately $1,352,877.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Robert F. Spoerry sold 5,000 shares of the business’s stock in a transaction on Wednesday, August 23rd. The shares were sold at an average price of $590.78, for a total transaction of $2,953,900.00. Following the completion of the sale, the director now directly owns 8,287 shares in the company, valued at $4,895,793.86. The disclosure for this s

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Airain ltd purchased a new stake in shares of Mettler-Toledo International in the second quarter valued at $2,958,000. Morgan Stanley lifted its holdings in shares of Mettler-Toledo International by 37.8% in the first quarter. Morgan Stanley now owns 269,128 shares of the medical instruments supplier’s stock valued at $128,890,000 after purchasing an additional 73,762 shares in the last quarter. Riverhead Capital Management LLC lifted its holdings in shares of Mettler-Toledo International by 90.5% in the second quarter. Riverhead Capital Management LLC now owns 1,800 shares of the medical instruments supplier’s stock valued at $1,060,000 after purchasing an additional 855 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Mettler-Toledo International by 2.3% in the second quarter. Principal Financial Group Inc. now owns 42,546 shares of the medical instruments supplier’s stock valued at $25,040,000 after purchasing an additional 974 shares in the last quarter. Finally, California Public Employees Retirement System lifted its holdings in shares of Mettler-Toledo International by 2.0% in the second quarter. California Public Employees Retirement System now owns 71,000 shares of the medical instruments supplier’s stock valued at $41,786,000 after purchasing an additional 1,400 shares in the last quarter. Institutional investors own 93.08% of the company’s stock.

COPYRIGHT VIOLATION WARNING: “Mettler-Toledo International, Inc. (MTD) Shares Sold by Bank of Nova Scotia” was first published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this story on another site, it was stolen and reposted in violation of U.S. & international copyright and trademark law. The legal version of this story can be viewed at https://ledgergazette.com/2017/10/18/mettler-toledo-international-inc-mtd-shares-sold-by-bank-of-nova-scotia.html.

MTD has been the subject of a number of research analyst reports. Bank of America Corporation increased their target price on Mettler-Toledo International from $640.00 to $710.00 and gave the company a “buy” rating in a report on Monday, October 9th. Zacks Investment Research lowered Mettler-Toledo International from a “buy” rating to a “hold” rating in a report on Tuesday, September 26th. Jefferies Group LLC restated a “hold” rating and issued a $550.00 target price on shares of Mettler-Toledo International in a report on Thursday, July 27th. BidaskClub upgraded Mettler-Toledo International from a “buy” rating to a “strong-buy” rating in a report on Wednesday, July 12th. Finally, Goldman Sachs Group, Inc. (The) restated a “buy” rating and issued a $690.00 target price on shares of Mettler-Toledo International in a report on Tuesday, September 26th. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $602.67.

Mettler-Toledo International (NYSE:MTD) last posted 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. The business had revenue of $653.70 million for the quarter, compared to analysts’ expectations of $646.68 million. Mettler-Toledo International had a net margin of 16.60% and a return on equity of 95.28%. The firm’s revenue was up 7.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.22 EPS.

In related news, insider William P. Donnelly sold 2,845 shares of the business’s stock in a transaction on Thursday, August 3rd. The shares were sold at an average price of $576.92, for a total value of $1,641,337.40. Following the sale, the insider now directly owns 2,345 shares of the company’s stock, valued at approximately $1,352,877.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Robert F. Spoerry sold 5,000 shares of the business’s stock in a transaction on Wednesday, August 23rd. The shares were sold at an average price of $590.78, for a total transaction of $2,953,900.00. Following the completion of the sale, the director now directly owns 8,287 shares in the company, valued at $4,895,793.86. The disclosure for this sale can be found here. Insiders sold a total of 27,356 shares of company stock worth $16,150,829 over the last ninety days. 5.20% of the stock is currently owned by insiders.

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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