Capital International Sarl Purchases 681 Shares of Mettler-Toledo International Inc. (NYSE:MTD)

Capital International Sarl increased its position in shares of Mettler-Toledo International Inc. (NYSE:MTD - Free Report) by 6.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 11,521 shares of the medical instruments supplier's stock after buying an additional 681 shares during the quarter. Capital International Sarl owned about 0.05% of Mettler-Toledo International worth $14,098,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Barclays PLC lifted its holdings in shares of Mettler-Toledo International by 8.3% in the 3rd quarter. Barclays PLC now owns 256,602 shares of the medical instruments supplier's stock worth $384,822,000 after purchasing an additional 19,609 shares in the last quarter. M&T Bank Corp raised its holdings in Mettler-Toledo International by 14.3% during the third quarter. M&T Bank Corp now owns 4,926 shares of the medical instruments supplier's stock worth $7,387,000 after buying an additional 615 shares during the last quarter. Sanctuary Advisors LLC boosted its stake in Mettler-Toledo International by 44.4% during the 3rd quarter. Sanctuary Advisors LLC now owns 517 shares of the medical instruments supplier's stock valued at $775,000 after purchasing an additional 159 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new stake in Mettler-Toledo International during the 3rd quarter worth approximately $111,000. Finally, Tidal Investments LLC raised its stake in shares of Mettler-Toledo International by 1,073.6% in the third quarter. Tidal Investments LLC now owns 16,407 shares of the medical instruments supplier's stock worth $24,606,000 after purchasing an additional 15,009 shares during the last quarter. Institutional investors own 95.07% of the company's stock.

Mettler-Toledo International Stock Performance

NYSE:MTD traded up $44.06 during trading hours on Wednesday, reaching $1,047.22. The stock had a trading volume of 213,621 shares, compared to its average volume of 141,624. The stock has a market cap of $21.83 billion, a P/E ratio of 25.84, a price-to-earnings-growth ratio of 3.30 and a beta of 1.28. The stock has a 50 day simple moving average of $1,172.72 and a 200 day simple moving average of $1,253.42. Mettler-Toledo International Inc. has a 12-month low of $946.69 and a 12-month high of $1,546.93.

Mettler-Toledo International (NYSE:MTD - Get Free Report) last announced its quarterly earnings data on Thursday, February 13th. The medical instruments supplier reported $12.41 earnings per share for the quarter, topping 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%. On average, equities analysts expect that Mettler-Toledo International Inc. will post 42.71 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Gerry Keller sold 600 shares of the 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 owns 6 shares of the company's stock, valued at approximately $8,108.04. This represents a 99.01 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Christian Magloth sold 790 shares of Mettler-Toledo International stock in a transaction dated 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 transaction, the insider now directly owns 734 shares of the company's stock, 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 owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on MTD. Citigroup upgraded Mettler-Toledo International from a "neutral" rating to a "buy" rating and set a $1,400.00 price target for the company in a report on Monday, April 7th. Robert W. Baird decreased their price objective on shares of Mettler-Toledo International from $1,369.00 to $1,034.00 and set a "neutral" rating for the company in a research note on Tuesday. Wells Fargo & Company cut their target price on Mettler-Toledo International from $1,400.00 to $1,125.00 and set an "equal weight" rating on the stock in a research note on Thursday, April 17th. Finally, Evercore ISI upped their target price on Mettler-Toledo International from $1,450.00 to $1,475.00 and gave the company an "outperform" rating in a report on Monday, February 10th. One research analyst has rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, Mettler-Toledo International has a consensus rating of "Hold" and a consensus price target of $1,304.25.

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.