Sumitomo Mitsui Trust Group Inc. Buys 791 Shares of Mettler-Toledo International Inc. (NYSE:MTD)

Sumitomo Mitsui Trust Group Inc. lifted its position in Mettler-Toledo International Inc. (NYSE:MTD - Free Report) by 1.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 49,007 shares of the medical instruments supplier's stock after purchasing an additional 791 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned 0.23% of Mettler-Toledo International worth $59,969,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. 1900 Wealth Management LLC grew its stake in Mettler-Toledo International by 4.9% during the fourth quarter. 1900 Wealth Management LLC now owns 257 shares of the medical instruments supplier's stock worth $314,000 after buying an additional 12 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in Mettler-Toledo International by 29.8% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,196 shares of the medical instruments supplier's stock worth $2,705,000 after acquiring an additional 504 shares during the last quarter. Paragon Capital Management Inc. grew its position in Mettler-Toledo International by 1.7% during the 4th quarter. Paragon Capital Management Inc. now owns 1,038 shares of the medical instruments supplier's stock worth $1,270,000 after acquiring an additional 17 shares during the last quarter. Patron Partners LLC grew its position in Mettler-Toledo International by 2.3% during the 4th quarter. Patron Partners LLC now owns 1,270 shares of the medical instruments supplier's stock worth $1,554,000 after acquiring an additional 29 shares during the last quarter. Finally, Optas LLC bought a new stake in shares of Mettler-Toledo International during the fourth quarter worth $225,000. Institutional investors own 95.07% of the company's stock.

Mettler-Toledo International Stock Down 1.1 %

MTD stock traded down $14.77 during midday trading on Thursday, reaching $1,297.83. The company's stock had a trading volume of 138,660 shares, compared to its average volume of 138,968. Mettler-Toledo International Inc. has a 52 week low of $1,142.91 and a 52 week high of $1,546.93. The stock has a market cap of $27.15 billion, a PE ratio of 32.02, a price-to-earnings-growth ratio of 4.80 and a beta of 1.13. The business's 50-day simple moving average is $1,282.98 and its 200-day simple moving average is $1,341.42.

Mettler-Toledo International (NYSE:MTD - Get Free Report) last posted its quarterly earnings results on Thursday, February 13th. The medical instruments supplier reported $12.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $11.76 by $0.65. Mettler-Toledo International had a negative return on equity of 564.51% and a net margin of 22.29%. As a group, equities analysts forecast that Mettler-Toledo International Inc. will post 41.94 earnings per share for the current fiscal year.

Analysts Set New Price Targets

MTD has been the topic of several research analyst reports. Citigroup upgraded Mettler-Toledo International from a "sell" rating to a "neutral" rating and increased their target price for the stock from $1,200.00 to $1,300.00 in a report on Wednesday, December 11th. Stifel Nicolaus decreased 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 report on Monday, November 11th. Wolfe Research began coverage on shares of Mettler-Toledo International in a research note on Friday, December 13th. They set a "peer perform" rating on the stock. Evercore ISI increased their price target on shares of Mettler-Toledo International from $1,450.00 to $1,475.00 and gave the company an "outperform" rating in a research note on Monday. Finally, Wells Fargo & Company increased their price objective 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. One research analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, Mettler-Toledo International has an average rating of "Hold" and an average target price of $1,368.00.

Insiders Place Their Bets

In other news, insider Gerry Keller sold 140 shares of Mettler-Toledo International stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $1,254.09, for a total transaction of $175,572.60. Following the transaction, the insider now directly owns 6 shares of the company's stock, valued at $7,524.54. This trade represents a 95.89 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 1.94% of the company's stock.

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.