Mettler-Toledo International Inc. (NYSE:MTD) Shares Bought by Alliancebernstein L.P.

Alliancebernstein L.P. grew its holdings in shares of Mettler-Toledo International Inc. (NYSE:MTD - Free Report) by 9.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 583,181 shares of the medical instruments supplier's stock after purchasing an additional 52,726 shares during the period. Alliancebernstein L.P. owned about 2.76% of Mettler-Toledo International worth $713,627,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. SBI Securities Co. Ltd. acquired a new stake in Mettler-Toledo International during the 4th quarter worth approximately $33,000. Edmond DE Rothschild Holding S.A. acquired a new stake in shares of Mettler-Toledo International in the fourth quarter valued at $44,000. Blue Trust Inc. grew 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 worth $50,000 after purchasing an additional 17 shares in the last quarter. Whipplewood Advisors LLC acquired a new position in Mettler-Toledo International during the 4th quarter worth $54,000. Finally, Sound Income Strategies LLC increased its holdings in Mettler-Toledo International by 4,500.0% during the 4th quarter. Sound Income Strategies LLC now owns 46 shares of the medical instruments supplier's stock worth $56,000 after purchasing an additional 45 shares during the period. Institutional investors and hedge funds own 95.07% of the company's stock.

Insider Activity at Mettler-Toledo International

In related news, insider Gerry Keller sold 600 shares of the firm's stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $1,351.34, for a total value of $810,804.00. Following 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Christian Magloth sold 790 shares of the company's stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $1,313.69, for a total transaction of $1,037,815.10. Following the completion of the sale, the insider now directly owns 734 shares of the company's stock, valued at approximately $964,248.46. This represents a 51.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.94% of the company's stock.

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Mettler-Toledo International Stock Down 5.5 %

Shares of MTD stock traded down $60.24 during mid-day trading on Friday, hitting $1,035.00. 159,219 shares of the company's stock were exchanged, compared to its average volume of 138,652. The stock has a market cap of $21.57 billion, a price-to-earnings ratio of 25.52, a PEG ratio of 3.30 and a beta of 1.15. The stock has a 50-day simple moving average of $1,270.31 and a two-hundred day simple moving average of $1,297.65. Mettler-Toledo International Inc. has a fifty-two week low of $1,000.72 and a fifty-two week high of $1,546.93.

Mettler-Toledo International (NYSE:MTD - Get Free Report) last issued its quarterly earnings results on Thursday, February 13th. The medical instruments supplier reported $12.41 earnings per share 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%. As a group, analysts anticipate that Mettler-Toledo International Inc. will post 42.71 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on MTD. Evercore ISI boosted their price objective 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. Wolfe Research assumed coverage on shares of Mettler-Toledo International in a report on Friday, December 13th. They set a "peer perform" rating for the company. Citigroup reduced their price objective on shares of Mettler-Toledo International from $1,450.00 to $1,400.00 and set a "neutral" rating on the stock in a report on Tuesday, March 4th. Wells Fargo & Company boosted their target price on shares of Mettler-Toledo International from $1,350.00 to $1,400.00 and gave the stock an "equal weight" rating in a research note on Monday, February 10th. Finally, Robert W. Baird increased their target price on shares of Mettler-Toledo International from $1,362.00 to $1,369.00 and gave the company a "neutral" rating in a research report on Monday, February 10th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $1,380.50.

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.