Marshall Wace LLP Trims Stock Position in Mettler-Toledo International Inc. (NYSE:MTD)

Marshall Wace LLP reduced its stake in Mettler-Toledo International Inc. (NYSE:MTD) by 2.0% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 84,312 shares of the medical instruments supplier’s stock after selling 1,705 shares during the quarter. Marshall Wace LLP owned about 0.39% of Mettler-Toledo International worth $117,834,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of MTD. Bank of Montreal Can lifted its position in shares of Mettler-Toledo International by 41.5% during the 2nd quarter. Bank of Montreal Can now owns 43,847 shares of the medical instruments supplier’s stock valued at $64,274,000 after buying an additional 12,860 shares in the last quarter. Lombard Odier Asset Management Europe Ltd purchased a new position in shares of Mettler-Toledo International during the second quarter valued at approximately $4,046,000. Evergreen Capital Management LLC grew its stake in Mettler-Toledo International by 18.5% in the 2nd quarter. Evergreen Capital Management LLC now owns 275 shares of the medical instruments supplier’s stock worth $384,000 after acquiring an additional 43 shares in the last quarter. Magnetar Financial LLC purchased a new position in shares of Mettler-Toledo International during the second quarter valued at $1,848,000. Finally, Public Sector Pension Investment Board raised its stake in Mettler-Toledo International by 65.0% in the second quarter. Public Sector Pension Investment Board now owns 815 shares of the medical instruments supplier’s stock worth $1,139,000 after buying an additional 321 shares in the last quarter. 95.07% of the stock is currently owned by institutional investors.

Insider Transactions at Mettler-Toledo International

In related news, CFO Shawn Vadala sold 250 shares of the stock in a transaction on Wednesday, August 7th. The shares were sold at an average price of $1,401.00, for a total transaction of $350,250.00. Following the completion of the transaction, the chief financial officer now owns 4,914 shares in the company, valued at $6,884,514. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, insider Christian Magloth sold 1,000 shares of Mettler-Toledo International stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $1,422.97, for a total transaction of $1,422,970.00. Following the transaction, the insider now owns 734 shares in the company, valued at $1,044,459.98. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Shawn Vadala sold 250 shares of the stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $1,401.00, for a total value of $350,250.00. Following the sale, the chief financial officer now owns 4,914 shares of the company’s stock, valued at $6,884,514. The disclosure for this sale can be found here. Insiders own 1.94% of the company’s stock.

Wall Street Analyst Weigh In

MTD has been the topic of a number of research analyst reports. JPMorgan Chase & Co. boosted their price objective on shares of Mettler-Toledo International from $1,300.00 to $1,400.00 and gave the company a “neutral” rating in a report on Monday, August 5th. Jefferies Financial Group reissued an “underperform” rating and set a $1,250.00 target price (up previously from $1,230.00) on shares of Mettler-Toledo International in a research note on Monday, June 3rd. Wells Fargo & Company initiated coverage on shares of Mettler-Toledo International in a research note on Tuesday, August 27th. They set an “equal weight” rating and a $1,400.00 price target on the stock. StockNews.com raised shares of Mettler-Toledo International from a “hold” rating to a “buy” rating in a research report on Thursday, July 11th. Finally, Evercore ISI upped their price objective on shares of Mettler-Toledo International from $1,375.00 to $1,390.00 and gave the company an “in-line” rating in a research note on Tuesday, July 2nd. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $1,356.25.

Mettler-Toledo International Stock Down 0.0 %

NYSE MTD opened at $1,405.90 on Tuesday. The stock has a market capitalization of $30.03 billion, a PE ratio of 39.43, a price-to-earnings-growth ratio of 3.70 and a beta of 1.14. The company has a 50 day moving average price of $1,409.58 and a two-hundred day moving average price of $1,376.57. Mettler-Toledo International Inc. has a 12-month low of $928.49 and a 12-month high of $1,546.93.

Mettler-Toledo International (NYSE:MTD) last released its quarterly earnings data on Thursday, August 1st. The medical instruments supplier reported $9.65 EPS for the quarter, topping analysts’ consensus estimates of $9.00 by $0.65. The company had revenue of $946.75 million during the quarter, compared to the consensus estimate of $929.13 million. Mettler-Toledo International had a net margin of 20.95% and a negative return on equity of 575.61%. During the same period last year, the firm earned $10.19 EPS. The firm’s revenue for the quarter was down 3.6% compared to the same quarter last year. As a group, equities analysts anticipate that Mettler-Toledo International Inc. will post 40.35 EPS for the current year.

Mettler-Toledo International Profile

Mettler-Toledo International Inc manufactures and supplies precision instruments and services in the Americas, Europe, Asia, and internationally. It operates through five segments: U.S. Operations, Swiss Operations, Western European Operations, Chinese Operations, and Other. The company's laboratory instruments include laboratory balances, liquid pipetting solutions, automated laboratory reactors, real-time analytics, titrators, pH meters, process analytics sensors and analyzer technologies, physical value analyzers, density and refractometry, thermal analysis systems, and other analytical instruments; and LabX, a laboratory software platform to manage and analyze data generated from its instruments.Its industrial instruments comprise industrial weighing instruments and related terminals, automatic dimensional measurement and data capture solutions, vehicle scale systems, industrial software, metal detection equipment, x-ray systems, check weighing equipment, camera-based imaging equipment, track-and-trace solutions, and product inspection systems.