Sumitomo Mitsui Trust Group Inc. Buys 698 Shares of Mettler-Toledo International Inc. (NYSE:MTD)

Sumitomo Mitsui Trust Group Inc. lifted its stake in shares of Mettler-Toledo International Inc. (NYSE:MTD - Free Report) by 1.5% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 48,216 shares of the medical instruments supplier's stock after purchasing an additional 698 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned 0.23% of Mettler-Toledo International worth $72,310,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Capital International Investors lifted its stake in Mettler-Toledo International by 15.1% in the 1st quarter. Capital International Investors now owns 1,075,420 shares of the medical instruments supplier's stock worth $1,431,696,000 after purchasing an additional 141,431 shares in the last quarter. PineStone Asset Management Inc. increased its stake in Mettler-Toledo International by 127.4% in the 2nd quarter. PineStone Asset Management Inc. now owns 259,629 shares of the medical instruments supplier's stock worth $362,855,000 after acquiring an additional 145,453 shares during the last quarter. TD Asset Management Inc raised its holdings in shares of Mettler-Toledo International by 1.9% in the 2nd quarter. TD Asset Management Inc now owns 157,247 shares of the medical instruments supplier's stock valued at $219,767,000 after acquiring an additional 2,866 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its position in shares of Mettler-Toledo International by 32.5% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 142,944 shares of the medical instruments supplier's stock valued at $199,777,000 after acquiring an additional 35,048 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD grew its holdings in shares of Mettler-Toledo International by 88.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 122,655 shares of the medical instruments supplier's stock worth $163,290,000 after purchasing an additional 57,509 shares in the last quarter. Hedge funds and other institutional investors own 95.07% of the company's stock.

Mettler-Toledo International Stock Down 4.7 %

Shares of MTD stock traded down $58.20 during mid-day trading on Friday, reaching $1,179.58. 355,963 shares of the company's stock traded hands, compared to its average volume of 135,396. The company's 50-day moving average price is $1,385.96 and its 200-day moving average price is $1,400.67. The company has a market cap of $24.89 billion, a P/E ratio of 31.80, a P/E/G ratio of 4.16 and a beta of 1.16. Mettler-Toledo International Inc. has a 12 month low of $1,041.49 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, November 7th. The medical instruments supplier reported $10.21 earnings per share for the quarter, topping analysts' consensus estimates of $10.00 by $0.21. Mettler-Toledo International had a net margin of 21.15% and a negative return on equity of 531.78%. The business had revenue of $954.54 million for the quarter, compared to analysts' expectations of $941.93 million. Equities analysts predict that Mettler-Toledo International Inc. will post 40.37 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on MTD. Evercore ISI raised their target price on shares of Mettler-Toledo International from $1,375.00 to $1,450.00 and gave the company an "in-line" rating in a research note on Tuesday, October 1st. Stifel Nicolaus dropped their target price on 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. JPMorgan Chase & Co. lifted their price target on shares of Mettler-Toledo International from $1,300.00 to $1,400.00 and gave the stock a "neutral" rating in a research note on Monday, August 5th. Robert W. Baird cut their price target on shares of Mettler-Toledo International from $1,375.00 to $1,310.00 and set a "neutral" rating for the company in a research report on Monday. Finally, Wells Fargo & Company lowered their target price on Mettler-Toledo International from $1,400.00 to $1,350.00 and set an "equal weight" rating for the company in a research note on Monday. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $1,338.75.

Insider Buying and Selling at Mettler-Toledo International

In related news, Director Elisha W. Finney sold 76 shares of the firm's stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $1,311.75, for a total transaction of $99,693.00. Following the completion of the sale, the director now owns 240 shares of the company's stock, valued at $314,820. This trade represents a 24.05 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.94% of the stock is owned by company insiders.

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.