Today, 355 Shares of Mettler-Toledo International Inc. (MTD) are sold by Boston Common Asset Management LLC

Today, 355 Shares of Mettler-Toledo International Inc. (MTD) are sold by Boston Common Asset Management LLC
Boston Common Asset Management LLC reduced its stake in Mettler-Toledo International Inc. (NYSE:MTD) by 4.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,822 shares of the company’s stock after selling 355 shares during the period. Boston Common Asset Management LLC’s holdings in Mettler-Toledo International were worth $2,864,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. Sei Investments Co. increased its stake in Mettler-Toledo International by 6.1% in the third quarter. Sei Investments Co. now owns 9,980 shares of the company’s stock valued at $4,190,000 after buying an additional 573 shares in the last quarter. Granite Investment Partners LLC purchased a new position in shares of Mettler-Toledo International during the third quarter valued at approximately $636,000. Daiwa Securities Group Inc. increased its position in shares of Mettler-Toledo International by 5.2% in the third quarter. Daiwa Securities Group Inc. now owns 4,050 shares of the company’s stock valued at $1,700,000 after buying an additional 200 shares during the period. Ownership Capital B.V. increased its position in shares of Mettler-Toledo International by 17.7% in the third quarter. Ownership Capital B.V. now owns 180,727 shares of the company’s stock valued at $75,875,000 after buying an additional 27,207 shares during the period. Finally, PNC Financial Services Group Inc. increased its position in shares of Mettler-Toledo International by 5.6% in the third quarter. PNC Financial Services Group Inc. now owns 5,625 shares of the company’s stock valued at $2,361,000 after buying an additional 299 shares during the period. 97.57% of the stock is owned by institutional investors and hedge funds.

Shares of Mettler-Toledo International Inc. (NYSE:MTD) traded up 0.58% during trading on Friday, hitting $422.27. 13,106 shares of the company traded hands. The company has a market capitalization of $11.08 billion, a price-to-earnings ratio of 31.18 and a beta of 1.24. The company has a 50 day moving average price of $413.48 and a 200 day moving average price of $394.33. Mettler-Toledo International Inc. has a 52 week low of $291.33 and a 52 week high of $434.50.

Mettler-Toledo International (NYSE:MTD) last issued its quarterly earnings data on Thursday, November 3rd. The company reported $3.89 EPS for the quarter, topping analysts’ consensus estimates of $3.66 by $0.23. Mettler-Toledo International had a net margin of 14.97% and a return on equity of 73.43%. The business earned $650.60 million during the quarter, compared to analysts’ expectations of $627.37 million. During the same period last year, the company posted $3.26 EPS. The business’s revenue was up 7.7% on a year-over-year basis. On average, analysts expect that Mettler-Toledo International Inc. will post $14.65 earnings per share for the current year.

MTD has been the subject of several recent analyst reports. Bank of America Corp. raised shares of Mettler-Toledo International from a “neutral” rating to a “buy” rating and upped their price objective for the company from $404.33 to $470.00 in a research note on Wednesday, August 31st. Zacks Investment Research downgraded shares of Mettler-Toledo International from a “hold” rating to a “sell” rating in a research note on Wednesday, October 5th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Mettler-Toledo International from $350.00 to $400.00 and gave the company a “neutral” rating in a research note on Friday, July 29th. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Mettler-Toledo International currently has a consensus rating of “Hold” and a consensus target price of $392.29.

In other Mettler-Toledo International news, Director Robert F. Spoerry sold 3,000 shares of Mettler-Toledo International stock in a transaction on Tuesday, November 15th. The shares were sold at an average price of $425.00, for a total value of $1,275,000.00. Following the completion of the transaction, the director now directly owns 8,587 shares of the company’s stock, valued at approximately $3,649,475. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Shawn Vadala sold 313 shares of Mettler-Toledo International stock in a transaction on Tuesday, November 8th. The stock was sold at an average price of $428.01, for a total transaction of $133,967.13. Following the completion of the transaction, the chief financial officer now directly owns 5,674 shares of the company’s stock, valued at $2,428,528.74. The disclosure for this sale can be found here. 5.60% of the stock is currently owned by company insiders.

Mettler-Toledo International Company Profile

Mettler-Toledo International Inc is a supplier of precision instruments and services. The Company is a provider of weighing instruments for use in laboratory, industrial and food retailing applications. The Company is also a provider of analytical instruments for use in life science, reaction engineering and real-time analytic systems used in drug and chemical compound development and process analytics instruments used for in-line measurement in production processes.

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