Northwestern Mutual Investment Management Company LLC Lowers Stake in Mettler-Toledo International Inc. (MTD)

Northwestern Mutual Investment Management Company LLC reduced its stake in shares of Mettler-Toledo International Inc. (NYSE:MTD) by 19.7% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,637 shares of the medical instruments supplier’s stock after selling 1,141 shares during the period. Northwestern Mutual Investment Management Company LLC’s holdings in Mettler-Toledo International were worth $2,666,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of MTD. Renaissance Technologies LLC lifted its stake in shares of Mettler-Toledo International by 201.0% during the fourth quarter. Renaissance Technologies LLC now owns 210,100 shares of the medical instruments supplier’s stock worth $130,161,000 after buying an additional 140,300 shares during the period. Old Mutual Global Investors UK Ltd. lifted its stake in shares of Mettler-Toledo International by 87.0% during the first quarter. Old Mutual Global Investors UK Ltd. now owns 175,440 shares of the medical instruments supplier’s stock worth $100,883,000 after buying an additional 81,610 shares during the period. Amundi Pioneer Asset Management Inc. acquired a new stake in shares of Mettler-Toledo International during the fourth quarter worth $31,608,000. Arrowstreet Capital Limited Partnership lifted its stake in shares of Mettler-Toledo International by 23.9% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 226,432 shares of the medical instruments supplier’s stock worth $140,279,000 after buying an additional 43,665 shares during the period. Finally, Westfield Capital Management Co. LP lifted its stake in shares of Mettler-Toledo International by 29.9% during the first quarter. Westfield Capital Management Co. LP now owns 181,072 shares of the medical instruments supplier’s stock worth $104,122,000 after buying an additional 41,693 shares during the period. Institutional investors and hedge funds own 92.32% of the company’s stock.

In other Mettler-Toledo International news, insider William P. Donnelly sold 4,000 shares of Mettler-Toledo International stock in a transaction on Monday, May 14th. The shares were sold at an average price of $567.85, for a total value of $2,271,400.00. Following the completion of the transaction, the insider now owns 5,000 shares of the company’s stock, valued at $2,839,250. 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 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 completion of the transaction, the insider now directly owns 4,000 shares of the company’s stock, valued at approximately $2,253,520. The disclosure for this sale can be found here. Insiders sold 18,934 shares of company stock valued at $10,795,962 in the last ninety days. 4.80% of the stock is owned by corporate insiders.

NYSE MTD opened at $593.00 on Thursday. The firm has a market cap of $15.04 billion, a P/E ratio of 33.75, a price-to-earnings-growth ratio of 2.26 and a beta of 1.19. Mettler-Toledo International Inc. has a 1 year low of $540.24 and a 1 year high of $697.26. The company has a debt-to-equity ratio of 1.75, a current ratio of 1.46 and a quick ratio of 1.02.

Mettler-Toledo International (NYSE:MTD) last posted its earnings results on Thursday, May 3rd. The medical instruments supplier reported $3.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 company had revenue of $660.82 million during the quarter, compared to the consensus estimate of $651.87 million. During the same period in the previous year, the firm posted $3.34 earnings per share. The firm’s quarterly revenue was up 11.1% on a year-over-year basis. equities analysts predict that Mettler-Toledo International Inc. will post 20.25 EPS for the current fiscal year.

Several equities research analysts have recently commented on the stock. Deutsche Bank lowered their price objective on shares of Mettler-Toledo International from $630.00 to $610.00 and set a “hold” rating for the company in a research note on Friday, May 4th. Zacks Investment Research downgraded shares of Mettler-Toledo International from a “buy” rating to a “hold” rating in a research report on Monday, May 7th. Bank of America decreased their target price on shares of Mettler-Toledo International from $710.00 to $640.00 and set a “buy” rating for the company in a research report on Friday, May 4th. Cleveland Research downgraded shares of Mettler-Toledo International from a “buy” rating to a “neutral” rating in a research report on Tuesday, May 1st. Finally, Morgan Stanley decreased their target price on shares of Mettler-Toledo International from $595.00 to $568.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 11th. Nine equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $632.00.

Mettler-Toledo International 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)

Receive News & Ratings for Mettler-Toledo International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mettler-Toledo International and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply