Mettler-Toledo International Inc. (NYSE:MTD) Shares Acquired by Price T Rowe Associates Inc. MD

Price T Rowe Associates Inc. MD raised its stake in Mettler-Toledo International Inc. (NYSE:MTD - Free Report) by 6.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 455,739 shares of the medical instruments supplier's stock after purchasing an additional 25,873 shares during the period. Price T Rowe Associates Inc. MD owned about 2.16% of Mettler-Toledo International worth $557,680,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. Dark Forest Capital Management LP lifted its stake in Mettler-Toledo International by 8.8% in the fourth quarter. Dark Forest Capital Management LP now owns 395 shares of the medical instruments supplier's stock worth $483,000 after acquiring an additional 32 shares during the last quarter. J. Safra Sarasin Holding AG lifted its position in shares of Mettler-Toledo International by 3.5% during the 4th quarter. J. Safra Sarasin Holding AG now owns 748 shares of the medical instruments supplier's stock worth $915,000 after purchasing an additional 25 shares during the last quarter. Tower Research Capital LLC TRC grew its stake in shares of Mettler-Toledo International by 373.9% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,801 shares of the medical instruments supplier's stock worth $3,428,000 after purchasing an additional 2,210 shares in the last quarter. Mirabella Financial Services LLP purchased a new position in Mettler-Toledo International in the fourth quarter valued at $1,670,000. Finally, Mirova raised its stake in Mettler-Toledo International by 373.5% in the fourth quarter. Mirova now owns 1,894 shares of the medical instruments supplier's stock valued at $2,318,000 after buying an additional 1,494 shares in the last quarter. Hedge funds and other institutional investors own 95.07% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Citigroup upgraded Mettler-Toledo International from a "neutral" rating to a "buy" rating and set a $1,400.00 price objective on the stock in a report on Monday, April 7th. Wells Fargo & Company dropped their price target on shares of 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. Evercore ISI boosted their price objective on shares of 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. Finally, Robert W. Baird dropped their target price on shares of Mettler-Toledo International from $1,369.00 to $1,034.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 22nd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $1,304.25.

Insiders Place Their Bets

In other news, insider Gerry Keller sold 600 shares of the 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 transaction of $810,804.00. Following the completion of the transaction, the insider now directly 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 filing with the SEC, which is accessible through this hyperlink. Also, insider Christian Magloth sold 790 shares of Mettler-Toledo International stock in a transaction that occurred on 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 completion of the sale, the insider now owns 734 shares in the company, valued at approximately $964,248.46. This trade represents a 51.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.94% of the stock is owned by insiders.

Mettler-Toledo International Stock Up 0.3 %

NYSE:MTD traded up $2.90 during trading hours on Tuesday, reaching $1,064.36. 135,152 shares of the company's stock were exchanged, compared to its average volume of 143,674. Mettler-Toledo International Inc. has a 1-year low of $946.69 and a 1-year high of $1,546.93. The firm has a market capitalization of $22.18 billion, a price-to-earnings ratio of 26.24, a P/E/G ratio of 3.30 and a beta of 1.28. The company has a 50-day moving average of $1,155.16 and a 200 day moving average of $1,241.13.

Mettler-Toledo International (NYSE:MTD - Get Free Report) last announced its 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%. Research analysts forecast that Mettler-Toledo International Inc. will post 42.71 EPS 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.