Mettler-Toledo International Inc. (MTD) Stake Lowered by WINTON GROUP Ltd

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WINTON GROUP Ltd decreased its position in Mettler-Toledo International Inc. (NYSE:MTD) by 14.6% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 20,921 shares of the medical instruments supplier’s stock after selling 3,589 shares during the quarter. WINTON GROUP Ltd owned approximately 0.08% of Mettler-Toledo International worth $12,030,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. BlackRock Inc. raised its position in shares of Mettler-Toledo International by 2.3% in the fourth quarter. BlackRock Inc. now owns 1,847,591 shares of the medical instruments supplier’s stock valued at $1,144,617,000 after purchasing an additional 41,344 shares during the period. Goldman Sachs Group Inc. grew its stake in shares of Mettler-Toledo International by 0.8% in the fourth quarter. Goldman Sachs Group Inc. now owns 482,730 shares of the medical instruments supplier’s stock worth $299,061,000 after acquiring an additional 3,876 shares during the last quarter. Russell Investments Group Ltd. grew its stake in shares of Mettler-Toledo International by 3.3% in the first quarter. Russell Investments Group Ltd. now owns 339,738 shares of the medical instruments supplier’s stock worth $195,041,000 after acquiring an additional 10,975 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Mettler-Toledo International by 3.5% in the fourth quarter. Geode Capital Management LLC now owns 305,818 shares of the medical instruments supplier’s stock worth $189,106,000 after acquiring an additional 10,258 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its stake in shares of Mettler-Toledo International by 23.9% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 226,432 shares of the medical instruments supplier’s stock worth $140,279,000 after acquiring an additional 43,665 shares during the last quarter. 92.23% of the stock is currently owned by institutional investors.

In other Mettler-Toledo International news, insider William P. Donnelly sold 5,000 shares of Mettler-Toledo International stock in a transaction on Friday, May 11th. The shares were sold at an average price of $563.38, for a total transaction of $2,816,900.00. Following the sale, the insider now owns 4,000 shares in the company, valued at $2,253,520. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider William P. Donnelly sold 4,000 shares of Mettler-Toledo International stock in a transaction on Monday, May 14th. The stock was sold at an average price of $567.85, for a total transaction of $2,271,400.00. Following the sale, the insider now owns 5,000 shares in the company, valued at approximately $2,839,250. The disclosure for this sale can be found here. Insiders have sold 18,934 shares of company stock worth $10,795,962 in the last quarter. Corporate insiders own 4.80% of the company’s stock.

MTD opened at $581.06 on Wednesday. Mettler-Toledo International Inc. has a fifty-two week low of $540.24 and a fifty-two week high of $697.26. The company has a debt-to-equity ratio of 1.75, a quick ratio of 1.02 and a current ratio of 1.46. The firm has a market cap of $14.86 billion, a price-to-earnings ratio of 33.07, a price-to-earnings-growth ratio of 2.24 and a beta of 1.19.

Mettler-Toledo International (NYSE:MTD) last posted its quarterly earnings results on Thursday, May 3rd. The medical instruments supplier reported $3.74 earnings per share for the quarter, topping the Zacks’ consensus estimate of $3.73 by $0.01. Mettler-Toledo International had a net margin of 13.50% and a return on equity of 90.70%. The firm had revenue of $660.82 million for the quarter, compared to the consensus estimate of $651.87 million. During the same quarter in the previous year, the company earned $3.34 earnings per share. The business’s revenue was up 11.1% compared to the same quarter last year. sell-side analysts anticipate that Mettler-Toledo International Inc. will post 20.25 EPS for the current fiscal year.

MTD has been the topic of several research analyst reports. Goldman Sachs Group downgraded shares of Mettler-Toledo International from a “buy” rating to a “neutral” rating in a research note on Monday, April 9th. Morgan Stanley lowered their price objective on shares of Mettler-Toledo International from $595.00 to $568.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 11th. Zacks Investment Research upgraded shares of Mettler-Toledo International from a “hold” rating to a “buy” rating and set a $640.00 price objective on the stock in a research note on Wednesday, April 11th. Deutsche Bank raised their price objective on shares of Mettler-Toledo International from $600.00 to $630.00 and gave the stock a “hold” rating in a research note on Thursday, March 1st. Finally, Cleveland Research downgraded shares of Mettler-Toledo International from a “buy” rating to a “neutral” rating in a research note on Tuesday, May 1st. Nine equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $632.00.

Mettler-Toledo International Company Profile

Mettler-Toledo International Inc manufactures and supplies precision instruments and services worldwide. The company operates in five segments: U.S. Operations, Swiss Operations, Western European Operations, Chinese Operations, and Other. It offers weighing instruments for laboratory, industrial, packaging, logistics, and food retailing applications; analytical instruments for use in life science; various related analytical instruments and provides automated chemistry solutions used in drug and chemical compound discovery and development; and end-of-line product inspection systems used in production and packaging for food processing and packaging, pharmaceutical, packaged consumer goods, and other industries.

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

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