Sumitomo Mitsui Trust Holdings Inc. Cuts Position in Mettler-Toledo International Inc. (NYSE:MTD)

Sumitomo Mitsui Trust Holdings Inc. lessened its holdings in Mettler-Toledo International Inc. (NYSE:MTD - Free Report) by 2.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 51,637 shares of the medical instruments supplier's stock after selling 1,257 shares during the period. Sumitomo Mitsui Trust Holdings Inc. owned about 0.24% of Mettler-Toledo International worth $62,634,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in MTD. Vanguard Group Inc. grew its position in Mettler-Toledo International by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 2,534,104 shares of the medical instruments supplier's stock worth $3,479,806,000 after purchasing an additional 17,826 shares in the last quarter. Geode Capital Management LLC grew its position in Mettler-Toledo International by 0.6% in the 1st quarter. Geode Capital Management LLC now owns 500,127 shares of the medical instruments supplier's stock worth $763,880,000 after purchasing an additional 2,842 shares in the last quarter. Alliancebernstein L.P. grew its position in Mettler-Toledo International by 5.6% in the 2nd quarter. Alliancebernstein L.P. now owns 488,953 shares of the medical instruments supplier's stock worth $641,330,000 after purchasing an additional 25,877 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in Mettler-Toledo International by 26.2% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 326,105 shares of the medical instruments supplier's stock worth $471,369,000 after purchasing an additional 67,758 shares in the last quarter. Finally, Norges Bank bought a new stake in Mettler-Toledo International in the 4th quarter worth about $428,679,000. Institutional investors and hedge funds own 95.07% of the company's stock.

Insiders Place Their Bets

In other Mettler-Toledo International news, insider Christian Magloth sold 400 shares of the firm's stock in a transaction on Monday, March 4th. The shares were sold at an average price of $1,278.73, for a total value of $511,492.00. Following the sale, the insider now owns 734 shares of the company's stock, valued at approximately $938,587.82. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, CFO Shawn Vadala sold 300 shares of Mettler-Toledo International stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $1,210.83, for a total transaction of $363,249.00. Following the sale, the chief financial officer now owns 4,914 shares of the company's stock, valued at approximately $5,950,018.62. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Christian Magloth sold 400 shares of Mettler-Toledo International stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $1,278.73, for a total transaction of $511,492.00. Following the transaction, the insider now directly owns 734 shares of the company's stock, valued at $938,587.82. The disclosure for this sale can be found here. Insiders have sold a total of 951 shares of company stock valued at $1,170,256 in the last quarter. Insiders own 1.94% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the stock. StockNews.com downgraded shares of Mettler-Toledo International from a "buy" rating to a "hold" rating in a research report on Thursday. Evercore ISI increased their target price on shares of Mettler-Toledo International from $1,200.00 to $1,300.00 and gave the stock an "in-line" rating in a research note on Thursday, April 4th. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, Mettler-Toledo International currently has a consensus rating of "Hold" and an average target price of $1,233.25.

Mettler-Toledo International Trading Down 0.3 %

Shares of Mettler-Toledo International stock traded down $4.02 on Friday, hitting $1,188.54. 100,804 shares of the company traded hands, compared to its average volume of 141,415. Mettler-Toledo International Inc. has a 12-month low of $928.49 and a 12-month high of $1,577.91. The firm's 50-day simple moving average is $1,269.34 and its 200 day simple moving average is $1,170.18. The company has a market cap of $25.42 billion, a P/E ratio of 33.12, a P/E/G ratio of 3.27 and a beta of 1.15.

Mettler-Toledo International (NYSE:MTD - Get Free Report) last released its earnings results on Friday, February 9th. The medical instruments supplier reported $9.40 EPS for the quarter, missing the consensus estimate of $10.32 by ($0.92). The business had revenue of $934.90 million for the quarter, compared to the consensus estimate of $959.45 million. Mettler-Toledo International had a net margin of 20.82% and a negative return on equity of 904.59%. Mettler-Toledo International's revenue for the quarter was down 11.6% on a year-over-year basis. During the same period in the prior year, the business posted $12.10 EPS. Analysts predict that Mettler-Toledo International Inc. will post 39.9 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.Its industrial instruments comprise industrial weighing instruments and related terminals, automatic dimensional measurement and data capture solutions, vehicle scale systems, industrial software, metal detection equipment, x-ray systems, check weighing equipment, camera-based imaging equipment, track-and-trace solutions, and product inspection systems.