Mettler-Toledo International Inc. (NYSE:MTD) Shares Bought by Rhumbline Advisers

Rhumbline Advisers boosted its stake in Mettler-Toledo International Inc. (NYSE:MTD - Free Report) by 4.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 59,436 shares of the medical instruments supplier's stock after acquiring an additional 2,780 shares during the quarter. Rhumbline Advisers owned about 0.28% of Mettler-Toledo International worth $72,731,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Blue Trust Inc. boosted its stake in shares of Mettler-Toledo International by 242.9% in the third quarter. Blue Trust Inc. now owns 24 shares of the medical instruments supplier's stock valued at $34,000 after purchasing an additional 17 shares during the period. Ashton Thomas Securities LLC acquired a new position in Mettler-Toledo International in the 3rd quarter worth $37,000. Raleigh Capital Management Inc. boosted its position in Mettler-Toledo International by 272.7% in the 3rd quarter. Raleigh Capital Management Inc. now owns 41 shares of the medical instruments supplier's stock valued at $61,000 after buying an additional 30 shares during the last quarter. Sound Income Strategies LLC grew its stake in shares of Mettler-Toledo International by 4,500.0% during the fourth quarter. Sound Income Strategies LLC now owns 46 shares of the medical instruments supplier's stock valued at $56,000 after acquiring an additional 45 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. grew its stake in shares of Mettler-Toledo International by 60.0% during the third quarter. Whittier Trust Co. of Nevada Inc. now owns 48 shares of the medical instruments supplier's stock valued at $72,000 after acquiring an additional 18 shares in the last quarter. Institutional investors and hedge funds own 95.07% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on MTD shares. Wolfe Research began coverage on Mettler-Toledo International in a research note on Friday, December 13th. They issued a "peer perform" rating on the stock. Wells Fargo & Company upped their target price 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. Citigroup raised shares of Mettler-Toledo International from a "sell" rating to a "neutral" rating and raised their price target for the stock from $1,200.00 to $1,300.00 in a research report on Wednesday, December 11th. Evercore ISI lifted their price target 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, Stifel Nicolaus reduced their price objective on shares of Mettler-Toledo International from $1,550.00 to $1,450.00 and set a "buy" rating on the stock in a research note on Monday, November 11th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $1,368.00.

Insider Buying and Selling

In other news, insider Gerry Keller sold 600 shares of the business's stock in a transaction 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 of the company's stock, valued at approximately $8,108.04. The trade was a 99.01 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.94% of the stock is owned by company insiders.

Mettler-Toledo International Trading Down 0.1 %

MTD traded down $0.69 on Thursday, hitting $1,302.24. 141,332 shares of the company's stock were exchanged, compared to its average volume of 137,840. The stock has a fifty day moving average of $1,284.88 and a two-hundred day moving average of $1,334.32. Mettler-Toledo International Inc. has a twelve month low of $1,142.91 and a twelve month high of $1,546.93. The firm has a market cap of $27.24 billion, a PE ratio of 32.13, a P/E/G ratio of 3.23 and a beta of 1.13.

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

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.