Clearbridge Investments LLC Has $5.91 Million Stake in Mettler-Toledo International Inc. (NYSE:MTD)

Clearbridge Investments LLC lowered its position in shares of Mettler-Toledo International Inc. (NYSE:MTD - Free Report) by 19.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 4,830 shares of the medical instruments supplier's stock after selling 1,167 shares during the quarter. Clearbridge Investments LLC's holdings in Mettler-Toledo International were worth $5,910,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of MTD. SBI Securities Co. Ltd. bought a new position in shares of Mettler-Toledo International during the 4th quarter valued at about $33,000. Blue Trust Inc. lifted its stake in Mettler-Toledo International by 70.8% in the fourth quarter. Blue Trust Inc. now owns 41 shares of the medical instruments supplier's stock valued at $50,000 after buying an additional 17 shares in the last quarter. Whipplewood Advisors LLC acquired a new position in shares of Mettler-Toledo International in the fourth quarter valued at approximately $54,000. Sound Income Strategies LLC increased its position in shares of Mettler-Toledo International by 4,500.0% during the fourth quarter. Sound Income Strategies LLC now owns 46 shares of the medical instruments supplier's stock worth $56,000 after acquiring an additional 45 shares in the last quarter. Finally, Farther Finance Advisors LLC raised its holdings in shares of Mettler-Toledo International by 14.3% during the fourth quarter. Farther Finance Advisors LLC now owns 64 shares of the medical instruments supplier's stock worth $78,000 after acquiring an additional 8 shares during the period. Institutional investors own 95.07% of the company's stock.

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Insider Buying and Selling

In other Mettler-Toledo International news, insider Gerry Keller sold 600 shares of the firm's stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $1,351.34, for a total transaction of $810,804.00. Following the completion of the sale, the insider now directly owns 6 shares in the company, valued at $8,108.04. This trade represents a 99.01 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Christian Magloth sold 790 shares of the company's stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $1,313.69, for a total value of $1,037,815.10. Following the completion of the transaction, the insider now directly owns 734 shares in the company, valued at $964,248.46. The trade was a 51.84 % decrease in their position. The disclosure for this sale can be found here. 1.94% of the stock is currently owned by insiders.

Mettler-Toledo International Stock Performance

Mettler-Toledo International stock traded down $1.34 during midday trading on Tuesday, reaching $1,030.82. 48,040 shares of the company's stock were exchanged, compared to its average volume of 145,854. Mettler-Toledo International Inc. has a 52 week low of $961.83 and a 52 week high of $1,546.93. The stock's 50-day simple moving average is $1,257.88 and its 200 day simple moving average is $1,290.80. The firm has a market cap of $21.48 billion, a price-to-earnings ratio of 25.43, a P/E/G ratio of 3.30 and a beta of 1.28.

Mettler-Toledo International (NYSE:MTD - Get Free Report) last announced its quarterly earnings results on Thursday, February 13th. The medical instruments supplier reported $12.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $11.76 by $0.65. Mettler-Toledo International had a negative return on equity of 591.54% and a net margin of 22.29%. Research analysts forecast that Mettler-Toledo International Inc. will post 42.71 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have issued reports on MTD. Citigroup upgraded Mettler-Toledo International from a "neutral" rating to a "buy" rating and set a $1,400.00 target price for the company in a report on Monday. Wells Fargo & Company lifted their target price on Mettler-Toledo International from $1,350.00 to $1,400.00 and gave the company an "equal weight" rating in a research report on Monday, February 10th. Evercore ISI upped their price target on Mettler-Toledo International from $1,450.00 to $1,475.00 and gave the stock an "outperform" rating in a research report on Monday, February 10th. Robert W. Baird lifted their price objective on shares of Mettler-Toledo International from $1,362.00 to $1,369.00 and gave the company a "neutral" rating in a report on Monday, February 10th. Finally, Wolfe Research initiated coverage on shares of Mettler-Toledo International in a research note on Friday, December 13th. They issued a "peer perform" rating on the stock. One research analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the stock. According to MarketBeat, Mettler-Toledo International presently has an average rating of "Hold" and an average target price of $1,380.50.

Mettler-Toledo International Company Profile

Mettler-Toledo International Inc manufactures and supplies precision instruments and services in the Americas, Europe, Asia, and internationally. It operates through five segments: U.S. Operations, Swiss Operations, Western European Operations, Chinese Operations, and Other. The company's laboratory instruments include laboratory balances, liquid pipetting solutions, automated laboratory reactors, real-time analytics, titrators, pH meters, process analytics sensors and analyzer technologies, physical value analyzers, density and refractometry, thermal analysis systems, and other analytical instruments; and LabX, a laboratory software platform to manage and analyze data generated from its instruments.