Mettler-Toledo International Inc. (NYSE:MTD) Shares Acquired by T. Rowe Price Investment Management Inc.

T. Rowe Price Investment Management Inc. increased its position in shares of Mettler-Toledo International Inc. (NYSE:MTD - Free Report) by 36.1% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 363,107 shares of the medical instruments supplier's stock after buying an additional 96,300 shares during the quarter. T. Rowe Price Investment Management Inc. owned about 1.72% of Mettler-Toledo International worth $444,327,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the company. Alliancebernstein L.P. grew its position in shares of Mettler-Toledo International by 9.9% during the fourth quarter. Alliancebernstein L.P. now owns 583,181 shares of the medical instruments supplier's stock worth $713,627,000 after acquiring an additional 52,726 shares during the last quarter. Geode Capital Management LLC grew its position in Mettler-Toledo International by 2.0% during the 4th quarter. Geode Capital Management LLC now owns 558,471 shares of the medical instruments supplier's stock worth $682,340,000 after purchasing an additional 11,032 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position in Mettler-Toledo International by 6.0% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 455,739 shares of the medical instruments supplier's stock worth $557,680,000 after purchasing an additional 25,873 shares during the last quarter. Norges Bank acquired a new position in Mettler-Toledo International in the fourth quarter valued at $372,954,000. Finally, Principal Financial Group Inc. raised its holdings in shares of Mettler-Toledo International by 13.9% in the fourth quarter. Principal Financial Group Inc. now owns 274,563 shares of the medical instruments supplier's stock valued at $335,977,000 after buying an additional 33,456 shares during the last quarter. Institutional investors and hedge funds own 95.07% of the company's stock.

Mettler-Toledo International Stock Performance

Mettler-Toledo International stock traded down $7.94 during midday trading on Monday, reaching $1,053.86. The company's stock had a trading volume of 49,703 shares, compared to its average volume of 143,016. Mettler-Toledo International Inc. has a fifty-two week low of $889.71 and a fifty-two week high of $1,546.93. The firm has a market capitalization of $21.96 billion, a PE ratio of 26.01, a P/E/G ratio of 3.30 and a beta of 1.28. The stock's 50 day simple moving average is $1,160.03 and its 200 day simple moving average is $1,243.85.

Mettler-Toledo International (NYSE:MTD - Get Free Report) last announced its quarterly earnings data 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%. Equities analysts predict that Mettler-Toledo International Inc. will post 42.71 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages recently issued reports on MTD. Evercore ISI boosted their price target on Mettler-Toledo International from $1,450.00 to $1,475.00 and gave the company an "outperform" rating in a research report on Monday, February 10th. Wells Fargo & Company dropped their target price on Mettler-Toledo International from $1,400.00 to $1,125.00 and set an "equal weight" rating on the stock in a report on Thursday, April 17th. Citigroup raised Mettler-Toledo International from a "neutral" rating to a "buy" rating and set a $1,400.00 price target for the company in a report on Monday, April 7th. Finally, Robert W. Baird lowered their price objective on shares of Mettler-Toledo International from $1,369.00 to $1,034.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 22nd. One analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, Mettler-Toledo International has an average rating of "Hold" and a consensus target price of $1,304.25.

Insider Buying and Selling at Mettler-Toledo International

In other news, insider Gerry Keller sold 600 shares of the 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 sale, the insider now directly owns 6 shares in the company, valued at $8,108.04. This represents a 99.01 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Christian Magloth sold 790 shares of the firm's stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $1,313.69, for a total transaction of $1,037,815.10. Following the transaction, the insider now directly owns 734 shares of the company's stock, valued at approximately $964,248.46. This trade represents a 51.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.94% of the stock is owned by corporate insiders.

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.