Parnassus Investments LLC Sells 231 Shares of Mettler-Toledo International Inc. (NYSE:MTD)

Parnassus Investments LLC lessened its holdings in shares of Mettler-Toledo International Inc. (NYSE:MTD - Free Report) by 1.3% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 17,617 shares of the medical instruments supplier's stock after selling 231 shares during the quarter. Parnassus Investments LLC owned about 0.08% of Mettler-Toledo International worth $21,558,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Ashton Thomas Securities LLC bought a new position in Mettler-Toledo International in the 3rd quarter valued at about $37,000. SBI Securities Co. Ltd. bought a new position in shares of Mettler-Toledo International in the fourth quarter valued at approximately $33,000. Blue Trust Inc. increased its stake in shares of Mettler-Toledo International by 70.8% during the fourth quarter. Blue Trust Inc. now owns 41 shares of the medical instruments supplier's stock valued at $50,000 after acquiring an additional 17 shares during the period. Whipplewood Advisors LLC bought a new stake in Mettler-Toledo International during the fourth quarter worth approximately $54,000. Finally, Sound Income Strategies LLC lifted its position in Mettler-Toledo International by 4,500.0% in the fourth 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. 95.07% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently issued reports on MTD shares. Robert W. Baird lifted their price target on 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. Wolfe Research started 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 cut their price target on shares of Mettler-Toledo International from $1,450.00 to $1,400.00 and set a "neutral" rating for the company in a report on Tuesday, March 4th. Evercore ISI lifted 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 note on Monday, February 10th. Finally, 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 report on Monday, February 10th. One research analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $1,380.50.

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Mettler-Toledo International Stock Up 0.5 %

Shares of Mettler-Toledo International stock traded up $6.55 during trading on Tuesday, hitting $1,241.57. The stock had a trading volume of 113,278 shares, compared to its average volume of 127,471. Mettler-Toledo International Inc. has a 1 year low of $1,142.91 and a 1 year high of $1,546.93. The company has a market capitalization of $25.97 billion, a PE ratio of 30.63, a P/E/G ratio of 3.30 and a beta of 1.15. The stock has a 50 day simple moving average of $1,294.68 and a 200 day simple moving average of $1,315.34.

Mettler-Toledo International (NYSE:MTD - Get Free Report) last released its earnings results on Thursday, February 13th. The medical instruments supplier reported $12.41 earnings per share (EPS) 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, equities analysts expect that Mettler-Toledo International Inc. will post 42.71 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider Christian Magloth sold 790 shares of the stock in a transaction 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 in the company, valued at approximately $964,248.46. This trade represents a 51.84 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Gerry Keller sold 600 shares of the business's stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $1,351.34, for a total value of $810,804.00. Following the completion of the transaction, the insider now owns 6 shares in the company, valued at $8,108.04. This trade represents a 99.01 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.94% of the company's stock.

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.