Bessemer Group Inc. Sells 4,479 Shares of Mettler-Toledo International, Inc. (NYSE:MTD)

Bessemer Group Inc. lessened its stake in Mettler-Toledo International, Inc. (NYSE:MTD - Free Report) by 73.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,634 shares of the medical instruments supplier's stock after selling 4,479 shares during the period. Bessemer Group Inc.'s holdings in Mettler-Toledo International were worth $1,929,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Asset Management One Co. Ltd. boosted its position in shares of Mettler-Toledo International by 7.8% during the 1st quarter. Asset Management One Co. Ltd. now owns 18,991 shares of the medical instruments supplier's stock valued at $22,427,000 after purchasing an additional 1,382 shares in the last quarter. Kentucky Retirement Systems Insurance Trust Fund bought a new stake in shares of Mettler-Toledo International during the 1st quarter valued at about $714,000. North Point Portfolio Managers Corp OH boosted its position in shares of Mettler-Toledo International by 1.1% during the 1st quarter. North Point Portfolio Managers Corp OH now owns 9,277 shares of the medical instruments supplier's stock valued at $10,955,000 after purchasing an additional 97 shares in the last quarter. Suncoast Equity Management boosted its position in shares of Mettler-Toledo International by 15.1% during the 1st quarter. Suncoast Equity Management now owns 586 shares of the medical instruments supplier's stock valued at $692,000 after purchasing an additional 77 shares in the last quarter. Finally, Abundance Wealth Counselors boosted its position in shares of Mettler-Toledo International by 8.9% during the 1st quarter. Abundance Wealth Counselors now owns 736 shares of the medical instruments supplier's stock valued at $880,000 after purchasing an additional 60 shares in the last quarter. Institutional investors own 95.07% of the company's stock.

Insider Buying and Selling at Mettler-Toledo International

In other Mettler-Toledo International news, Director Michael A. Kelly sold 1,062 shares of the stock in a transaction on Wednesday, May 28th. The stock was sold at an average price of $1,159.93, for a total transaction of $1,231,845.66. Following the completion of the transaction, the director now directly owns 120 shares of the company's stock, valued at approximately $139,191.60. This represents a 89.85% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.94% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Wells Fargo & Company upped their target price on Mettler-Toledo International from $1,125.00 to $1,200.00 and gave the company an "equal weight" rating in a research report on Monday, May 5th. Barclays started coverage on Mettler-Toledo International in a research report on Tuesday, June 24th. They set an "overweight" rating and a $1,325.00 target price on the stock. Robert W. Baird dropped their price target on Mettler-Toledo International from $1,369.00 to $1,034.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 22nd. UBS Group raised Mettler-Toledo International from a "neutral" rating to a "buy" rating and dropped their price target for the stock from $1,530.00 to $1,350.00 in a research note on Tuesday, May 20th. Finally, Bank of America upped their price target on Mettler-Toledo International from $1,200.00 to $1,260.00 and gave the stock a "neutral" rating in a research note on Thursday. Eight equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, Mettler-Toledo International currently has an average rating of "Hold" and an average price target of $1,300.36.

Mettler-Toledo International Trading Down 0.7%

Shares of MTD opened at $1,184.40 on Friday. The company has a market capitalization of $24.61 billion, a price-to-earnings ratio of 29.54, a PEG ratio of 3.51 and a beta of 1.38. The stock has a 50 day moving average of $1,133.98 and a 200 day moving average of $1,197.76. Mettler-Toledo International, Inc. has a 12 month low of $946.69 and a 12 month high of $1,546.93.

Mettler-Toledo International (NYSE:MTD - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The medical instruments supplier reported $8.19 EPS for the quarter, beating analysts' consensus estimates of $7.90 by $0.29. The company had revenue of $883.74 million during the quarter, compared to the consensus estimate of $876.61 million. Mettler-Toledo International had a negative return on equity of 556.22% and a net margin of 22.17%. Mettler-Toledo International's revenue was down 4.6% on a year-over-year basis. During the same period last year, the business posted $8.89 earnings per share. As a group, equities research analysts predict that Mettler-Toledo International, Inc. will post 42.71 earnings per share for the current year.

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.

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