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

Geode Capital Management LLC lifted its position in shares of Mettler-Toledo International Inc. (NYSE:MTD - Free Report) by 2.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 558,471 shares of the medical instruments supplier's stock after purchasing an additional 11,032 shares during the period. Geode Capital Management LLC owned 2.65% of Mettler-Toledo International worth $682,340,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the company. Norges Bank purchased a new position in Mettler-Toledo International in the fourth quarter valued at approximately $372,954,000. Proficio Capital Partners LLC bought a new stake in shares of Mettler-Toledo International during the 4th quarter valued at about $163,216,000. Seilern Investment Management Ltd purchased a new position in Mettler-Toledo International in the 4th quarter worth approximately $89,221,000. AustralianSuper Pty Ltd increased its stake in Mettler-Toledo International by 3,183.2% in the fourth quarter. AustralianSuper Pty Ltd now owns 71,673 shares of the medical instruments supplier's stock valued at $87,705,000 after acquiring an additional 69,490 shares during the last quarter. Finally, Alliancebernstein L.P. increased its position in shares of Mettler-Toledo International by 9.9% during the 4th quarter. Alliancebernstein L.P. now owns 583,181 shares of the medical instruments supplier's stock valued at $713,627,000 after purchasing an additional 52,726 shares during the last quarter. Institutional investors own 95.07% of the company's stock.

Analyst Ratings Changes

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

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Insiders Place Their Bets

In other Mettler-Toledo International news, insider Gerry Keller sold 600 shares of the business'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 transaction, the insider now owns 6 shares in the company, valued at $8,108.04. The trade was a 99.01 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Christian Magloth sold 790 shares of the firm's stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $1,313.69, for a total value of $1,037,815.10. Following the sale, the insider now directly owns 734 shares in the company, valued at $964,248.46. This trade represents 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.

Mettler-Toledo International Stock Performance

NYSE:MTD traded down $13.32 during mid-day trading on Wednesday, hitting $959.19. 93,028 shares of the company's stock traded hands, compared to its average volume of 135,289. The company has a market capitalization of $19.99 billion, a P/E ratio of 23.53, a P/E/G ratio of 3.30 and a beta of 1.28. Mettler-Toledo International Inc. has a twelve month low of $947.31 and a twelve month high of $1,546.93. The company has a fifty day moving average of $1,242.82 and a 200 day moving average of $1,285.50.

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 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%. On average, research analysts expect that Mettler-Toledo International Inc. will post 42.71 earnings per share for the current fiscal year.

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.