Geode Capital Management LLC Acquires 4,166 Shares of Mettler-Toledo International Inc. (NYSE:MTD)

Geode Capital Management LLC boosted its stake in Mettler-Toledo International Inc. (NYSE:MTD - Free Report) by 0.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 547,439 shares of the medical instruments supplier's stock after buying an additional 4,166 shares during the period. Geode Capital Management LLC owned 2.59% of Mettler-Toledo International worth $818,906,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. International Assets Investment Management LLC raised its position in shares of Mettler-Toledo International by 149,870.0% during the 3rd quarter. International Assets Investment Management LLC now owns 89,982 shares of the medical instruments supplier's stock worth $134,946,000 after buying an additional 89,922 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its position in Mettler-Toledo International by 32.5% in the second quarter. Massachusetts Financial Services Co. MA now owns 142,944 shares of the medical instruments supplier's stock worth $199,777,000 after purchasing an additional 35,048 shares during the period. Wellington Management Group LLP boosted its stake in Mettler-Toledo International by 17.5% during the 3rd quarter. Wellington Management Group LLP now owns 177,963 shares of the medical instruments supplier's stock valued at $266,891,000 after purchasing an additional 26,443 shares in the last quarter. Barclays PLC increased its position in shares of Mettler-Toledo International by 8.3% during the 3rd quarter. Barclays PLC now owns 256,602 shares of the medical instruments supplier's stock valued at $384,822,000 after purchasing an additional 19,609 shares during the period. Finally, Thrivent Financial for Lutherans raised its stake in shares of Mettler-Toledo International by 1,940.6% in the 3rd quarter. Thrivent Financial for Lutherans now owns 18,406 shares of the medical instruments supplier's stock worth $27,604,000 after buying an additional 17,504 shares in the last quarter. Institutional investors own 95.07% of the company's stock.

Mettler-Toledo International Stock Up 0.5 %

NYSE:MTD traded up $6.29 during trading hours on Thursday, hitting $1,276.92. 79,231 shares of the stock were exchanged, compared to its average volume of 135,575. The company's 50 day moving average is $1,313.09 and its two-hundred day moving average is $1,379.52. The company has a market capitalization of $26.95 billion, a P/E ratio of 34.28, a price-to-earnings-growth ratio of 4.15 and a beta of 1.13. Mettler-Toledo International Inc. has a twelve month low of $1,115.44 and a twelve month high of $1,546.93.

Mettler-Toledo International (NYSE:MTD - Get Free Report) last released its earnings results on Thursday, November 7th. The medical instruments supplier reported $10.21 earnings per share for the quarter, beating the consensus estimate of $10.00 by $0.21. Mettler-Toledo International had a negative return on equity of 531.78% and a net margin of 21.15%. The firm had revenue of $954.54 million for the quarter, compared to analyst estimates of $941.93 million. On average, equities research analysts expect that Mettler-Toledo International Inc. will post 40.42 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have commented on MTD. Evercore ISI lifted their price target on Mettler-Toledo International from $1,375.00 to $1,450.00 and gave the company an "in-line" rating in a report on Tuesday, October 1st. Wells Fargo & Company dropped their target price on Mettler-Toledo International from $1,400.00 to $1,350.00 and set an "equal weight" rating on the stock in a report on Monday, November 11th. Citigroup upgraded shares of Mettler-Toledo International from a "sell" rating to a "neutral" rating and raised their price target for the stock from $1,200.00 to $1,300.00 in a report on Wednesday. Robert W. Baird dropped their price objective on shares of Mettler-Toledo International from $1,375.00 to $1,310.00 and set a "neutral" rating on the stock in a research note on Monday, November 11th. Finally, Stifel Nicolaus cut their target price on shares of Mettler-Toledo International from $1,550.00 to $1,450.00 and set a "buy" rating for the company in a research report on Monday, November 11th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $1,351.25.

Insider Activity at Mettler-Toledo International

In other news, Director Elisha W. Finney sold 76 shares of the stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $1,311.75, for a total value of $99,693.00. Following the completion of the sale, the director now owns 240 shares of the company's stock, valued at approximately $314,820. This represents a 24.05 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Gerry Keller sold 140 shares of the business's stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $1,254.09, for a total transaction of $175,572.60. Following the transaction, the insider now owns 6 shares in the company, valued at approximately $7,524.54. The trade was a 95.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.94% of the stock is currently owned by insiders.

Mettler-Toledo International 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.