Mettler-Toledo International, Inc. (MTD) Shares Sold by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company lowered its stake in Mettler-Toledo International, Inc. (NYSE:MTD) by 4.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 26,589 shares of the medical instruments supplier’s stock after selling 1,298 shares during the quarter. The Manufacturers Life Insurance Company owned about 0.10% of Mettler-Toledo International worth $15,648,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of MTD. Janus Henderson Group PLC lifted its holdings in Mettler-Toledo International by 5,926.9% in the second quarter. Janus Henderson Group PLC now owns 202,927 shares of the medical instruments supplier’s stock worth $119,430,000 after purchasing an additional 199,560 shares during the period. Parametric Portfolio Associates LLC lifted its holdings in Mettler-Toledo International by 253.5% in the second quarter. Parametric Portfolio Associates LLC now owns 201,137 shares of the medical instruments supplier’s stock worth $118,377,000 after purchasing an additional 144,245 shares during the period. Los Angeles Capital Management & Equity Research Inc. acquired a new stake in Mettler-Toledo International in the second quarter worth about $71,233,000. BlackRock Inc. lifted its holdings in Mettler-Toledo International by 6.4% in the second quarter. BlackRock Inc. now owns 1,860,178 shares of the medical instruments supplier’s stock worth $1,094,791,000 after purchasing an additional 112,029 shares during the period. Finally, Clearbridge Investments LLC lifted its holdings in Mettler-Toledo International by 97.4% in the first quarter. Clearbridge Investments LLC now owns 180,393 shares of the medical instruments supplier’s stock worth $86,392,000 after purchasing an additional 89,000 shares during the period. 93.08% of the stock is owned by institutional investors and hedge funds.

In related news, Director Thomas P. Salice sold 890 shares of the firm’s stock in a transaction dated Thursday, September 7th. The stock was sold at an average price of $611.00, for a total value of $543,790.00. Following the transaction, the director now owns 62,437 shares in the company, valued at $38,149,007. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider William P. Donnelly sold 2,845 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the insider now owns 2,345 shares in the company, valued at approximately $1,352,877.40. The disclosure for this sale can be found here. In the last quarter, insiders sold 27,356 shares of company stock worth $16,150,829. 5.20% of the stock is owned by company insiders.

MTD has been the subject of several research analyst reports. Zacks Investment Research downgraded shares of Mettler-Toledo International from a “buy” rating to a “hold” rating in a report on Wednesday, September 13th. Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating and issued a $690.00 price objective on shares of Mettler-Toledo International in a report on Tuesday, September 26th. Morgan Stanley reaffirmed 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. BidaskClub raised shares of Mettler-Toledo International from a “buy” rating to a “strong-buy” rating in a report on Thursday, June 22nd. Finally, Wells Fargo & Company raised shares of Mettler-Toledo International from a “market perform” rating to an “outperform” rating in a report on Wednesday, July 12th. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $602.67.

TRADEMARK VIOLATION NOTICE: This news story was published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this news story on another domain, it was copied illegally and republished in violation of US & international copyright and trademark legislation. The legal version of this news story can be accessed at https://ledgergazette.com/2017/10/19/mettler-toledo-international-inc-mtd-shares-sold-by-the-manufacturers-life-insurance-company.html.

Shares of Mettler-Toledo International, Inc. (MTD) opened at 655.66 on Thursday. Mettler-Toledo International, Inc. has a one year low of $395.61 and a one year high of $664.49. The firm has a 50-day moving average of $632.59 and a 200-day moving average of $581.46. The firm has a market capitalization of $16.83 billion, a P/E ratio of 40.32 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 (EPS) for the quarter, beating the consensus estimate of $3.89 by $0.03. The business had revenue of $65

A number of other hedge funds also recently bought and sold shares of MTD. Janus Henderson Group PLC lifted its holdings in Mettler-Toledo International by 5,926.9% in the second quarter. Janus Henderson Group PLC now owns 202,927 shares of the medical instruments supplier’s stock worth $119,430,000 after purchasing an additional 199,560 shares during the period. Parametric Portfolio Associates LLC lifted its holdings in Mettler-Toledo International by 253.5% in the second quarter. Parametric Portfolio Associates LLC now owns 201,137 shares of the medical instruments supplier’s stock worth $118,377,000 after purchasing an additional 144,245 shares during the period. Los Angeles Capital Management & Equity Research Inc. acquired a new stake in Mettler-Toledo International in the second quarter worth about $71,233,000. BlackRock Inc. lifted its holdings in Mettler-Toledo International by 6.4% in the second quarter. BlackRock Inc. now owns 1,860,178 shares of the medical instruments supplier’s stock worth $1,094,791,000 after purchasing an additional 112,029 shares during the period. Finally, Clearbridge Investments LLC lifted its holdings in Mettler-Toledo International by 97.4% in the first quarter. Clearbridge Investments LLC now owns 180,393 shares of the medical instruments supplier’s stock worth $86,392,000 after purchasing an additional 89,000 shares during the period. 93.08% of the stock is owned by institutional investors and hedge funds.

In related news, Director Thomas P. Salice sold 890 shares of the firm’s stock in a transaction dated Thursday, September 7th. The stock was sold at an average price of $611.00, for a total value of $543,790.00. Following the transaction, the director now owns 62,437 shares in the company, valued at $38,149,007. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider William P. Donnelly sold 2,845 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the insider now owns 2,345 shares in the company, valued at approximately $1,352,877.40. The disclosure for this sale can be found here. In the last quarter, insiders sold 27,356 shares of company stock worth $16,150,829. 5.20% of the stock is owned by company insiders.

MTD has been the subject of several research analyst reports. Zacks Investment Research downgraded shares of Mettler-Toledo International from a “buy” rating to a “hold” rating in a report on Wednesday, September 13th. Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating and issued a $690.00 price objective on shares of Mettler-Toledo International in a report on Tuesday, September 26th. Morgan Stanley reaffirmed 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. BidaskClub raised shares of Mettler-Toledo International from a “buy” rating to a “strong-buy” rating in a report on Thursday, June 22nd. Finally, Wells Fargo & Company raised shares of Mettler-Toledo International from a “market perform” rating to an “outperform” rating in a report on Wednesday, July 12th. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $602.67.

TRADEMARK VIOLATION NOTICE: This news story was published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this news story on another domain, it was copied illegally and republished in violation of US & international copyright and trademark legislation. The legal version of this news story can be accessed at https://ledgergazette.com/2017/10/19/mettler-toledo-international-inc-mtd-shares-sold-by-the-manufacturers-life-insurance-company.html.

Shares of Mettler-Toledo International, Inc. (MTD) opened at 655.66 on Thursday. Mettler-Toledo International, Inc. has a one year low of $395.61 and a one year high of $664.49. The firm has a 50-day moving average of $632.59 and a 200-day moving average of $581.46. The firm has a market capitalization of $16.83 billion, a P/E ratio of 40.32 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 (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 return on equity of 95.28% and a net margin of 16.60%. The firm’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same quarter last year, the business earned $3.22 earnings per share. On average, equities analysts predict that Mettler-Toledo International, Inc. will post $17.37 earnings per share for the current fiscal 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.

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

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