ADD TO MTD AT $659.50

August 23, 2019 CHANGE TO CORE POSITION: ADD TO METTLER TOLEDO AT $664.00 (Current position Regular Weight: 1.75%, previously Underweight at 0.875%)

JUSTIFICATION: We are adding to our position in Mettler Toledo because the stock has retraced from its peak of $873 and is now trading at a fair valuation. Based on the IBES Consensus estimates, MTD’s earnings are expected to grow by 25% over the next 2 years.

WHO IS METTLER TOLEDO INC.: Mettler-Toledo International Inc supplies weighing and precision instruments to customers in the life sciences, industrial and food retail industries. Its products are laboratory scales, pipettes, pH meters, thermal analysis equipment and others. (Source Morningstar)