On Monday, Mettler-Toledo International Inc. (NYSE:MTD) saw two of its insiders complete stock dispositions. The larger sale was executed by the firm’s President and Chief Executive Officer, Oliver Filliol, who unloaded 12,500 shares of Common Stock, par value $0.01 per share. The stock was sold directly, in several smaller batches and for prices ranging between $259.23 and $262.06 per share. In addition to this, the insider also exercised his use of stock options.
The second insider sale was completed by company Director George Milne Jr., who disposed of 3,000 shares of Common Stock, par value $0.01 per share, directly. The insider sold the stock in two batches, receiving $260.37 per share for 1,500 shares and $261.41 for each of the remaining 1,500 shares. Like his colleague, he also exercises his use of stock options for this transaction.
On another note, Q1 showed several positive developments amongst hedge funds, such as Phill Gross and Robert Atchinson’s Adage Capital Management, which entered a new shareholder position with 200,000 shares, worth approximately $47.1 million.