New Amsterdam Partners LLC NY trimmed its stake in shares of Mettler-Toledo International, Inc. (NYSE:MTD) by 6.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,913 shares of the medical instruments supplier’s stock after selling 400 shares during the period. New Amsterdam Partners LLC NY’s holdings in Mettler-Toledo International were worth $3,702,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the company. Old Mutual Global Investors UK Ltd. lifted its position in shares of Mettler-Toledo International by 68.7% during the third quarter. Old Mutual Global Investors UK Ltd. now owns 88,333 shares of the medical instruments supplier’s stock worth $55,310,000 after purchasing an additional 35,981 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its position in shares of Mettler-Toledo International by 3.7% during the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 4,018 shares of the medical instruments supplier’s stock worth $2,516,000 after purchasing an additional 143 shares in the last quarter. State Board of Administration of Florida Retirement System lifted its position in shares of Mettler-Toledo International by 3.8% during the third quarter. State Board of Administration of Florida Retirement System now owns 36,516 shares of the medical instruments supplier’s stock worth $22,865,000 after purchasing an additional 1,330 shares in the last quarter. Syntal Capital Partners LLC lifted its position in shares of Mettler-Toledo International by 15.1% during the third quarter. Syntal Capital Partners LLC now owns 1,215 shares of the medical instruments supplier’s stock worth $760,000 after purchasing an additional 159 shares in the last quarter. Finally, Canada Pension Plan Investment Board lifted its position in shares of Mettler-Toledo International by 260.3% during the third quarter. Canada Pension Plan Investment Board now owns 45,500 shares of the medical instruments supplier’s stock worth $28,490,000 after purchasing an additional 32,873 shares in the last quarter. Institutional investors own 93.16% of the company’s stock.

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In related news, Director Wah-Hui Chu sold 500 shares of the stock in a transaction on Monday, August 14th. The shares were sold at an average price of $585.00, for a total transaction of $292,500.00. Following the completion of the transaction, the director now owns 3,243 shares in the company, valued at $1,897,155. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Thomas Caratsch sold 3,000 shares of the stock in a transaction on Monday, August 14th. The stock was sold at an average price of $582.03, for a total transaction of $1,746,090.00. Following the transaction, the insider now owns 2,270 shares of the company’s stock, valued at approximately $1,321,208.10. The disclosure for this sale can be found here. Insiders have sold 23,565 shares of company stock valued at $14,166,876 in the last 90 days. 5.20% of the stock is currently owned by corporate insiders.

Shares of Mettler-Toledo International, Inc. (NYSE:MTD) traded down $4.47 during mid-day trading on Wednesday, hitting $620.11. 14,528 shares of the stock traded hands, compared to its average volume of 123,670. The company has a debt-to-equity ratio of 2.05, a current ratio of 1.51 and a quick ratio of 1.11. Mettler-Toledo International, Inc. has a 52 week low of $407.86 and a 52 week high of $694.48. The company has a market capitalization of $16,245.55, a P/E ratio of 37.58, a price-to-earnings-growth ratio of 2.90 and a beta of 1.13.

Mettler-Toledo International (NYSE:MTD) last issued its quarterly earnings data on Thursday, November 2nd. The medical instruments supplier reported $4.36 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 company had revenue of $698.80 million during the quarter, compared to the consensus estimate of $685.56 million. During the same quarter in the prior year, the firm earned $3.89 earnings per share. The firm’s revenue was up 7.4% compared to the same quarter last year. sell-side analysts predict that Mettler-Toledo International, Inc. will post 17.54 earnings per share for the current fiscal year.

MTD has been the topic of a number of research reports. BidaskClub upgraded shares of Mettler-Toledo International from a “hold” rating to a “buy” rating in a research report on Monday, August 14th. Goldman Sachs Group, Inc. (The) reiterated a “buy” rating and set a $690.00 target price on shares of Mettler-Toledo International in a research report on Tuesday, September 26th. Zacks Investment Research upgraded shares of Mettler-Toledo International from a “hold” rating to a “buy” rating and set a $711.00 target price on the stock in a research report on Thursday, September 21st. Bank of America Corporation boosted their price target on shares of Mettler-Toledo International from $640.00 to $710.00 and gave the stock a “buy” rating in a research note on Monday, October 9th. Finally, Morgan Stanley reissued an “equal weight” rating and set a $565.00 price target (up from $533.00) on shares of Mettler-Toledo International in a research note on Saturday, July 22nd. Five equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Mettler-Toledo International presently has an average rating of “Buy” and an average price target of $621.57.

Mettler-Toledo International 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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