Mettler-Toledo International, Inc. (MTD) Shares Sold by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale trimmed its holdings in Mettler-Toledo International, Inc. (NYSE:MTD) by 10.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 27,448 shares of the medical instruments supplier’s stock after selling 3,042 shares during the period. DekaBank Deutsche Girozentrale owned 0.11% of Mettler-Toledo International worth $16,136,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in MTD. Dimensional Fund Advisors LP raised its position in shares of Mettler-Toledo International by 4.1% in the first quarter. Dimensional Fund Advisors LP now owns 90,636 shares of the medical instruments supplier’s stock valued at $43,406,000 after buying an additional 3,555 shares in the last quarter. NN Investment Partners Holdings N.V. raised its position in shares of Mettler-Toledo International by 643.9% in the second quarter. NN Investment Partners Holdings N.V. now owns 1,458 shares of the medical instruments supplier’s stock valued at $858,000 after buying an additional 1,262 shares in the last quarter. Creative Planning raised its position in shares of Mettler-Toledo International by 14.0% in the second quarter. Creative Planning now owns 1,312 shares of the medical instruments supplier’s stock valued at $772,000 after buying an additional 161 shares in the last quarter. State of Alaska Department of Revenue raised its position in shares of Mettler-Toledo International by 0.5% in the second 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 in the last quarter. Finally, Oregon Public Employees Retirement Fund raised its position in shares of Mettler-Toledo International by 11.3% in the second quarter. Oregon Public Employees Retirement Fund now owns 12,772 shares of the medical instruments supplier’s stock valued at $7,517,000 after buying an additional 1,300 shares in the last quarter. Institutional investors own 93.52% of the company’s stock.

Shares of Mettler-Toledo International, Inc. (MTD) traded down $6.18 on Thursday, reaching $625.19. 162,400 shares of the company’s stock traded hands, compared to its average volume of 158,833. Mettler-Toledo International, Inc. has a 1-year low of $407.87 and a 1-year high of $694.48. The firm has a market capitalization of $16,149.89, a P/E ratio of 37.36, a P/E/G ratio of 2.88 and a beta of 1.13. The company has a current ratio of 1.51, a quick ratio of 1.11 and a debt-to-equity ratio of 2.05.

Mettler-Toledo International (NYSE:MTD) last announced its quarterly earnings data on Thursday, November 2nd. The medical instruments supplier reported $4.36 EPS for the quarter, beating the consensus estimate of $4.32 by $0.04. Mettler-Toledo International had a net margin of 16.44% and a return on equity of 96.81%. The business had revenue of $698.80 million during the quarter, compared to the consensus estimate of $685.56 million. During the same period in the previous year, the business earned $3.89 earnings per share. The company’s revenue was up 7.4% on a year-over-year basis. equities analysts expect that Mettler-Toledo International, Inc. will post 17.52 earnings per share for the current year.

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In other news, insider Thomas Caratsch sold 1,500 shares of the company’s stock in a transaction on Tuesday, August 22nd. The shares were sold at an average price of $588.00, for a total transaction of $882,000.00. Following the completion of the transaction, the insider now directly owns 2,270 shares in the company, valued at $1,334,760. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Shawn Vadala sold 226 shares of the company’s stock in a transaction on Monday, November 13th. The stock was sold at an average price of $629.36, for a total transaction of $142,235.36. Following the transaction, the chief financial officer now owns 5,299 shares of the company’s stock, valued at $3,334,978.64. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 30,291 shares of company stock valued at $18,570,721. Company insiders own 5.20% of the company’s stock.

A number of research firms have recently weighed in on MTD. BidaskClub upgraded shares of Mettler-Toledo International from a “hold” rating to a “buy” rating in a research report on Monday, August 14th. Zacks Investment Research downgraded shares of Mettler-Toledo International from a “buy” rating to a “hold” rating in a research report on Tuesday, November 7th. Goldman Sachs Group, Inc. (The) reiterated a “buy” rating and issued a $690.00 price target on shares of Mettler-Toledo International in a research report on Tuesday, September 26th. Jefferies Group LLC reiterated a “hold” rating and issued a $550.00 price target on shares of Mettler-Toledo International in a research report on Thursday, July 27th. Finally, Morgan Stanley reiterated an “equal weight” rating and issued a $565.00 price target (up from $533.00) on shares of Mettler-Toledo International in a research report on Saturday, July 22nd. Five investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $621.57.

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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