Mettler-Toledo International Inc. (NYSE:MTD) Shares Bought by Sterling Capital Management LLC

Sterling Capital Management LLC boosted its position in Mettler-Toledo International Inc. (NYSE:MTD - Free Report) by 55.1% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,256 shares of the medical instruments supplier's stock after purchasing an additional 446 shares during the quarter. Sterling Capital Management LLC's holdings in Mettler-Toledo International were worth $1,537,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in MTD. SBI Securities Co. Ltd. purchased a new stake in shares of Mettler-Toledo International during the fourth quarter worth about $33,000. Edmond DE Rothschild Holding S.A. purchased a new stake in Mettler-Toledo International during the 4th quarter worth approximately $44,000. Blue Trust Inc. increased its stake in Mettler-Toledo International by 70.8% during the 4th quarter. Blue Trust Inc. now owns 41 shares of the medical instruments supplier's stock valued at $50,000 after purchasing an additional 17 shares in the last quarter. Whipplewood Advisors LLC purchased a new position in shares of Mettler-Toledo International in the fourth quarter worth $54,000. Finally, Sound Income Strategies LLC lifted its stake 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 buying an additional 45 shares during the period. 95.07% of the stock is currently owned by institutional investors.

Mettler-Toledo International Price Performance

MTD stock traded down $11.93 during midday trading on Friday, hitting $1,004.72. 212,078 shares of the stock traded hands, compared to its average volume of 140,447. Mettler-Toledo International Inc. has a 1-year low of $946.69 and a 1-year high of $1,546.93. The stock's fifty day simple moving average is $1,185.43 and its 200-day simple moving average is $1,261.60. The firm has a market cap of $20.94 billion, a P/E ratio of 24.79, a PEG ratio of 3.30 and a beta of 1.28.

Mettler-Toledo International (NYSE:MTD - Get Free Report) last posted its earnings results on Thursday, February 13th. The medical instruments supplier reported $12.41 EPS for the quarter, beating analysts' consensus estimates 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%. On average, research analysts predict that Mettler-Toledo International Inc. will post 42.71 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. 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 research note on Monday, April 7th. Wells Fargo & Company decreased their target price on Mettler-Toledo International from $1,400.00 to $1,125.00 and set an "equal weight" rating for the company in a report on Thursday. Evercore ISI increased their price target on shares of Mettler-Toledo International from $1,450.00 to $1,475.00 and gave the stock an "outperform" rating in a report on Monday, February 10th. Finally, 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 research note on Monday, February 10th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $1,346.13.

Insider Activity

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

About Mettler-Toledo International

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.