Vanguard Group Inc. Has $3.07 Billion Holdings in Mettler-Toledo International Inc. (NYSE:MTD)

Vanguard Group Inc. lessened its stake in shares of Mettler-Toledo International Inc. (NYSE:MTD - Free Report) by 0.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,512,830 shares of the medical instruments supplier's stock after selling 6,391 shares during the quarter. Vanguard Group Inc. owned 11.91% of Mettler-Toledo International worth $3,074,900,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of MTD. JPMorgan Chase & Co. lifted its holdings in shares of Mettler-Toledo International by 14.7% during the third quarter. JPMorgan Chase & Co. now owns 221,799 shares of the medical instruments supplier's stock valued at $332,634,000 after acquiring an additional 28,478 shares during the period. M&T Bank Corp grew its holdings in shares of Mettler-Toledo International by 14.3% during the third quarter. M&T Bank Corp now owns 4,926 shares of the medical instruments supplier's stock worth $7,387,000 after purchasing an additional 615 shares during the last quarter. Allworth Financial LP grew its holdings in shares of Mettler-Toledo International by 367.4% during the fourth quarter. Allworth Financial LP now owns 215 shares of the medical instruments supplier's stock worth $285,000 after purchasing an additional 169 shares during the last quarter. Nordea Investment Management AB raised its holdings in shares of Mettler-Toledo International by 29.8% in the fourth quarter. Nordea Investment Management AB now owns 105,823 shares of the medical instruments supplier's stock valued at $129,919,000 after buying an additional 24,285 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. lifted its position in Mettler-Toledo International by 18.0% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 34,370 shares of the medical instruments supplier's stock worth $42,058,000 after buying an additional 5,234 shares in the last quarter. Institutional investors and hedge funds own 95.07% of the company's stock.

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Analyst Ratings Changes

Several equities research analysts have weighed in on MTD shares. Robert W. Baird raised their price objective on shares of 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. Wells Fargo & Company boosted their price objective on shares of Mettler-Toledo International from $1,350.00 to $1,400.00 and gave the stock an "equal weight" rating in a research report on Monday, February 10th. Wolfe Research began coverage on Mettler-Toledo International in a research report on Friday, December 13th. They issued a "peer perform" rating on the stock. Evercore ISI lifted their target price on Mettler-Toledo International from $1,450.00 to $1,475.00 and gave the company an "outperform" rating in a research note on Monday, February 10th. Finally, Citigroup cut their price target on Mettler-Toledo International from $1,450.00 to $1,400.00 and set a "neutral" rating on the stock in a research note on Tuesday, March 4th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $1,380.50.

Insiders Place Their Bets

In other Mettler-Toledo International news, insider Gerry Keller sold 600 shares of Mettler-Toledo International stock in a transaction that occurred on 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 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 filing with the SEC, which is available through the SEC website. Also, insider Christian Magloth sold 790 shares of the company's 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 transaction of $1,037,815.10. Following the completion of the transaction, the insider now owns 734 shares of the company's stock, valued at $964,248.46. This trade represents a 51.84 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.94% of the company's stock.

Mettler-Toledo International Trading Down 1.4 %

Shares of NYSE:MTD traded down $17.29 during mid-day trading on Friday, reaching $1,176.04. The stock had a trading volume of 117,497 shares, compared to its average volume of 131,530. The firm has a 50 day simple moving average of $1,283.84 and a two-hundred day simple moving average of $1,303.51. 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 $24.51 billion, a PE ratio of 29.02, a price-to-earnings-growth ratio of 3.30 and a beta of 1.15.

Mettler-Toledo International (NYSE:MTD - Get Free Report) last issued 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 net margin of 22.29% and a negative return on equity of 591.54%. On average, equities analysts anticipate that Mettler-Toledo International Inc. will post 42.71 EPS for the current fiscal 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.