Price T Rowe Associates Inc. MD Purchases 25,873 Shares of Mettler-Toledo International Inc. (NYSE:MTD)

Price T Rowe Associates Inc. MD lifted its holdings in shares of Mettler-Toledo International Inc. (NYSE:MTD - Free Report) by 6.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 455,739 shares of the medical instruments supplier's stock after acquiring an additional 25,873 shares during the period. Price T Rowe Associates Inc. MD owned approximately 2.16% of Mettler-Toledo International worth $557,680,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. SBI Securities Co. Ltd. bought a new stake in Mettler-Toledo International during the 4th quarter worth approximately $33,000. Edmond DE Rothschild Holding S.A. purchased a new stake in Mettler-Toledo International in the 4th quarter valued at $44,000. Blue Trust Inc. lifted its stake in Mettler-Toledo International by 70.8% during the 4th quarter. Blue Trust Inc. now owns 41 shares of the medical instruments supplier's stock valued at $50,000 after acquiring an additional 17 shares in the last quarter. Whipplewood Advisors LLC bought a new stake in shares of Mettler-Toledo International in the 4th quarter worth $54,000. Finally, Sound Income Strategies LLC raised its holdings in shares of Mettler-Toledo International by 4,500.0% in the fourth quarter. Sound Income Strategies LLC now owns 46 shares of the medical instruments supplier's stock valued at $56,000 after purchasing an additional 45 shares during the last quarter. Institutional investors and hedge funds own 95.07% of the company's stock.

Insider Transactions at Mettler-Toledo International

In other news, insider Christian Magloth sold 790 shares of the firm'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 value of $1,037,815.10. Following the completion of the transaction, the insider now directly owns 734 shares in the company, valued at approximately $964,248.46. This trade represents a 51.84 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Gerry Keller sold 600 shares of the company's stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $1,351.34, for a total transaction of $810,804.00. Following the sale, the insider now directly owns 6 shares in the company, valued at $8,108.04. This trade represents a 99.01 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.94% of the company's stock.

Analyst Ratings Changes

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

Mettler-Toledo International Stock Down 0.8 %

Mettler-Toledo International stock traded down $8.83 during midday trading on Wednesday, reaching $1,056.40. The stock had a trading volume of 33,702 shares, compared to its average volume of 143,544. The firm has a market capitalization of $22.02 billion, a PE ratio of 26.05, a P/E/G ratio of 3.30 and a beta of 1.28. Mettler-Toledo International Inc. has a 12 month low of $946.69 and a 12 month high of $1,546.93. The firm's 50-day moving average price is $1,150.43 and its 200 day moving average price is $1,239.91.

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, 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 research analysts expect that Mettler-Toledo International Inc. will post 42.71 EPS for the current year.

Mettler-Toledo International 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.