Wellington Management Group LLP Increases Stock Holdings in Mettler-Toledo International Inc. (NYSE:MTD)

Wellington Management Group LLP raised its position in shares of Mettler-Toledo International Inc. (NYSE:MTD - Free Report) by 17.5% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 177,963 shares of the medical instruments supplier's stock after buying an additional 26,443 shares during the quarter. Wellington Management Group LLP owned about 0.84% of Mettler-Toledo International worth $266,891,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the company. PineStone Asset Management Inc. lifted its position in Mettler-Toledo International by 127.4% during the second quarter. PineStone Asset Management Inc. now owns 259,629 shares of the medical instruments supplier's stock valued at $362,855,000 after acquiring an additional 145,453 shares during the last quarter. International Assets Investment Management LLC increased its position in shares of Mettler-Toledo International by 149,870.0% during the third quarter. International Assets Investment Management LLC now owns 89,982 shares of the medical instruments supplier's stock worth $134,946,000 after purchasing an additional 89,922 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its holdings 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 purchasing an additional 35,048 shares during the last quarter. Thrivent Financial for Lutherans boosted its position in shares of Mettler-Toledo International by 1,940.6% in the 3rd quarter. Thrivent Financial for Lutherans now owns 18,406 shares of the medical instruments supplier's stock worth $27,604,000 after purchasing an additional 17,504 shares in the last quarter. Finally, Applied Finance Capital Management LLC grew its stake in Mettler-Toledo International by 2,952.5% during the 3rd quarter. Applied Finance Capital Management LLC now owns 15,629 shares of the medical instruments supplier's stock worth $23,439,000 after buying an additional 15,117 shares during the last quarter. 95.07% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Mettler-Toledo International 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 sale, the insider now owns 6 shares of the company's stock, valued at $7,524.54. The trade was a 95.89 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Elisha W. Finney sold 76 shares of the stock in a transaction dated 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 disclosure for this sale can be found here. Insiders own 1.94% of the company's stock.

Mettler-Toledo International Price Performance

NYSE MTD traded up $10.02 during trading hours on Friday, reaching $1,257.92. The company's stock had a trading volume of 108,515 shares, compared to its average volume of 168,228. The firm has a market capitalization of $26.54 billion, a price-to-earnings ratio of 33.92, a P/E/G ratio of 4.17 and a beta of 1.13. The company's 50-day moving average is $1,326.16 and its two-hundred day moving average is $1,383.98. Mettler-Toledo International Inc. has a 1-year low of $1,086.88 and a 1-year high of $1,546.93.

Mettler-Toledo International (NYSE:MTD - Get Free Report) last released its quarterly earnings results on Thursday, November 7th. The medical instruments supplier reported $10.21 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $10.00 by $0.21. The firm had revenue of $954.54 million for the quarter, compared to analysts' expectations of $941.93 million. Mettler-Toledo International had a net margin of 21.15% and a negative return on equity of 531.78%. Equities analysts forecast that Mettler-Toledo International Inc. will post 40.42 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have commented on MTD. Wells Fargo & Company decreased their price target 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, November 11th. Evercore ISI lifted their target price on shares of Mettler-Toledo International from $1,375.00 to $1,450.00 and gave the stock an "in-line" rating in a research note on Tuesday, October 1st. 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 on the stock in a research note on Monday, November 11th. Finally, Stifel Nicolaus decreased their price target on shares of Mettler-Toledo International from $1,550.00 to $1,450.00 and set a "buy" rating for the company in a report on Monday, November 11th. 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. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $1,338.75.

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.