Arrowstreet Capital Limited Partnership purchased a new position in Mettler-Toledo International, Inc. (NYSE:MTD) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 56,139 shares of the medical instruments supplier’s stock, valued at approximately $33,040,000. Arrowstreet Capital Limited Partnership owned about 0.22% of Mettler-Toledo International at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the company. Caxton Associates LP purchased a new position in shares of Mettler-Toledo International in the second quarter worth $589,000. Cubist Systematic Strategies LLC raised its stake in shares of Mettler-Toledo International by 151.8% in the second quarter. Cubist Systematic Strategies LLC now owns 1,229 shares of the medical instruments supplier’s stock worth $723,000 after purchasing an additional 741 shares during the last quarter. Cornerstone Capital Management Holdings LLC. raised its stake in shares of Mettler-Toledo International by 17.7% in the second quarter. Cornerstone Capital Management Holdings LLC. now owns 5,279 shares of the medical instruments supplier’s stock worth $3,106,000 after purchasing an additional 793 shares during the last quarter. Janus Henderson Group PLC raised its stake in shares of Mettler-Toledo International by 5,926.9% in the second quarter. Janus Henderson Group PLC now owns 202,927 shares of the medical instruments supplier’s stock worth $119,430,000 after purchasing an additional 199,560 shares during the last quarter. Finally, Macquarie Group Ltd. raised its stake in shares of Mettler-Toledo International by 8.1% in the second quarter. Macquarie Group Ltd. now owns 10,146 shares of the medical instruments supplier’s stock worth $5,971,000 after purchasing an additional 764 shares during the last quarter. Hedge funds and other institutional investors own 93.18% of the company’s stock.

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In related news, Director Thomas P. Salice sold 890 shares of the firm’s stock in a transaction on Thursday, September 7th. The stock was sold at an average price of $611.00, for a total value of $543,790.00. Following the completion of the transaction, the director now owns 62,437 shares in the company, valued at approximately $38,149,007. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider William P. Donnelly sold 2,845 shares of the firm’s stock in a transaction on Thursday, August 3rd. The stock was sold at an average price of $576.92, for a total value of $1,641,337.40. Following the completion of the transaction, the insider now owns 2,345 shares of the company’s stock, valued at approximately $1,352,877.40. The disclosure for this sale can be found here. Insiders sold a total of 27,356 shares of company stock valued at $16,150,829 in the last 90 days. 5.20% of the stock is currently owned by company insiders.

Mettler-Toledo International, Inc. (NYSE MTD) traded down 0.18% on Tuesday, hitting $650.78. The stock had a trading volume of 12,543 shares. The firm has a market cap of $16.70 billion, a PE ratio of 40.02 and a beta of 1.11. Mettler-Toledo International, Inc. has a 52-week low of $395.61 and a 52-week high of $656.78. The company has a 50-day moving average price of $618.72 and a 200 day moving average price of $573.04.

Mettler-Toledo International (NYSE:MTD) last posted its quarterly earnings data on Thursday, July 27th. The medical instruments supplier reported $3.92 earnings per share for the quarter, topping the Zacks’ consensus estimate of $3.89 by $0.03. The firm had revenue of $653.70 million during the quarter, compared to analysts’ expectations of $646.68 million. Mettler-Toledo International had a return on equity of 95.28% and a net margin of 16.60%. The business’s quarterly revenue was up 7.5% on a year-over-year basis. During the same quarter last year, the firm earned $3.22 EPS. Equities analysts forecast that Mettler-Toledo International, Inc. will post $17.33 earnings per share for the current fiscal year.

MTD has been the subject of several recent analyst reports. Bank of America Corporation boosted their price target on Mettler-Toledo International from $640.00 to $710.00 and gave the stock a “buy” rating in a research note on Monday. Jefferies Group LLC restated a “hold” rating and issued a $550.00 price target on shares of Mettler-Toledo International in a research note on Thursday, July 27th. Zacks Investment Research cut Mettler-Toledo International from a “buy” rating to a “hold” rating in a research note on Tuesday, September 26th. BidaskClub upgraded Mettler-Toledo International from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, July 12th. Finally, Goldman Sachs Group, Inc. (The) restated a “buy” rating and issued a $690.00 price target on shares of Mettler-Toledo International in a research note on Tuesday, September 26th. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $602.67.

Mettler-Toledo International Company 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.

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

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