Ashfield Capital Partners LLC Has $1.98 Million Stake in Mettler-Toledo International Inc. (MTD)

Ashfield Capital Partners LLC lowered its position in shares of Mettler-Toledo International Inc. (NYSE:MTD) by 5.5% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,246 shares of the medical instruments supplier’s stock after selling 188 shares during the period. Ashfield Capital Partners LLC’s holdings in Mettler-Toledo International were worth $1,977,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Boston Common Asset Management LLC raised its stake in shares of Mettler-Toledo International by 8.9% during the second quarter. Boston Common Asset Management LLC now owns 1,194 shares of the medical instruments supplier’s stock valued at $691,000 after purchasing an additional 98 shares during the period. Aureus Asset Management LLC raised its stake in shares of Mettler-Toledo International by 15.7% during the second quarter. Aureus Asset Management LLC now owns 752 shares of the medical instruments supplier’s stock valued at $435,000 after purchasing an additional 102 shares during the period. Captrust Financial Advisors raised its stake in shares of Mettler-Toledo International by 306.7% during the second quarter. Captrust Financial Advisors now owns 183 shares of the medical instruments supplier’s stock valued at $106,000 after purchasing an additional 138 shares during the period. Oppenheimer Asset Management Inc. raised its stake in shares of Mettler-Toledo International by 6.0% during the second quarter. Oppenheimer Asset Management Inc. now owns 2,494 shares of the medical instruments supplier’s stock valued at $1,443,000 after purchasing an additional 141 shares during the period. Finally, Raymond James Financial Services Advisors Inc. raised its stake in shares of Mettler-Toledo International by 3.3% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 4,550 shares of the medical instruments supplier’s stock valued at $2,633,000 after purchasing an additional 146 shares during the period. Institutional investors own 92.37% of the company’s stock.

In other news, insider William P. Donnelly sold 500 shares of the firm’s stock in a transaction that occurred on Thursday, August 16th. The shares were sold at an average price of $570.00, for a total transaction of $285,000.00. Following the completion of the sale, the insider now owns 1,500 shares of the company’s stock, valued at $855,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider La Guerroniere Marc De sold 4,609 shares of the firm’s stock in a transaction that occurred on Thursday, August 30th. The stock was sold at an average price of $580.37, for a total transaction of $2,674,925.33. Following the sale, the insider now directly owns 4,609 shares of the company’s stock, valued at approximately $2,674,925.33. The disclosure for this sale can be found here. Insiders have sold 15,358 shares of company stock valued at $8,974,004 in the last three months. Corporate insiders own 4.80% of the company’s stock.

MTD stock opened at $573.98 on Tuesday. Mettler-Toledo International Inc. has a twelve month low of $521.79 and a twelve month high of $697.26. The company has a debt-to-equity ratio of 1.92, a current ratio of 1.46 and a quick ratio of 1.06. The company has a market cap of $14.32 billion, a PE ratio of 32.67, a P/E/G ratio of 2.28 and a beta of 1.15.

A number of research firms have recently issued reports on MTD. Morgan Stanley dropped their price objective on shares of Mettler-Toledo International from $540.00 to $529.00 and set an “equal weight” rating on the stock in a research note on Friday, July 27th. UBS Group started coverage on shares of Mettler-Toledo International in a research note on Tuesday, October 9th. They set a “neutral” rating and a $625.00 price objective on the stock. JPMorgan Chase & Co. raised their price target on shares of Mettler-Toledo International from $550.00 to $600.00 and gave the stock a “neutral” rating in a research report on Friday, July 27th. Finally, Zacks Investment Research downgraded shares of Mettler-Toledo International from a “buy” rating to a “hold” rating in a research report on Tuesday, October 16th. Ten research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Mettler-Toledo International presently has a consensus rating of “Hold” and a consensus price target of $624.00.

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About Mettler-Toledo International

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.

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

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