Sumitomo Mitsui Trust Group Inc. Buys 791 Shares of Mettler-Toledo International Inc. (NYSE:MTD)

Sumitomo Mitsui Trust Group Inc. increased its stake in shares of Mettler-Toledo International Inc. (NYSE:MTD) by 1.6% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 49,007 shares of the medical instruments supplier’s stock after acquiring an additional 791 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Mettler-Toledo International were worth $59,969,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Blue Trust Inc. grew its stake in shares of Mettler-Toledo International by 242.9% in the 3rd quarter. Blue Trust Inc. now owns 24 shares of the medical instruments supplier’s stock worth $34,000 after acquiring an additional 17 shares in the last quarter. Ashton Thomas Securities LLC purchased a new position in Mettler-Toledo International during the third quarter worth about $37,000. Sound Income Strategies LLC grew its position in Mettler-Toledo International by 4,500.0% in the 4th quarter. Sound Income Strategies LLC now owns 46 shares of the medical instruments supplier’s stock worth $56,000 after purchasing an additional 45 shares in the last quarter. Raleigh Capital Management Inc. increased its stake in Mettler-Toledo International by 272.7% in the 3rd quarter. Raleigh Capital Management Inc. now owns 41 shares of the medical instruments supplier’s stock valued at $61,000 after buying an additional 30 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. lifted its position in shares of Mettler-Toledo International by 60.0% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 48 shares of the medical instruments supplier’s stock worth $72,000 after buying an additional 18 shares in the last quarter. 95.07% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Mettler-Toledo International

In other Mettler-Toledo International news, insider Gerry Keller sold 140 shares of Mettler-Toledo International stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $1,254.09, for a total transaction of $175,572.60. Following the completion of the transaction, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.94% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on MTD. Robert W. Baird decreased their price target on Mettler-Toledo International from $1,375.00 to $1,310.00 and set a “neutral” rating for the company in a research report on Monday, November 11th. Citigroup raised Mettler-Toledo International from a “sell” rating to a “neutral” rating and raised their target price for the company from $1,200.00 to $1,300.00 in a research report on Wednesday, December 11th. Wolfe Research began coverage on shares of Mettler-Toledo International in a report on Friday, December 13th. They issued a “peer perform” rating on the stock. Wells Fargo & Company decreased their price objective on shares of Mettler-Toledo International from $1,400.00 to $1,350.00 and set an “equal weight” rating for the company in a report on Monday, November 11th. Finally, Evercore ISI upgraded shares of Mettler-Toledo International from an “in-line” rating to an “outperform” rating and boosted their target price for the company from $1,375.00 to $1,450.00 in a research note on Thursday, January 2nd. One investment analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $1,351.25.

Mettler-Toledo International Stock Up 2.4 %

Shares of NYSE:MTD opened at $1,390.00 on Monday. The firm has a market capitalization of $29.33 billion, a PE ratio of 34.30, a P/E/G ratio of 4.80 and a beta of 1.13. The company has a 50-day moving average price of $1,278.92 and a two-hundred day moving average price of $1,343.25. Mettler-Toledo International Inc. has a twelve month low of $1,133.46 and a twelve month high of $1,546.93.

Mettler-Toledo International (NYSE:MTD) last released its quarterly earnings data on Thursday, February 13th. The medical instruments supplier reported $12.41 earnings per share for the quarter, beating analysts’ consensus estimates of $11.76 by $0.65. Mettler-Toledo International had a net margin of 22.29% and a negative return on equity of 564.51%. Analysts anticipate that Mettler-Toledo International Inc. will post 41.94 earnings per share for the current fiscal year.

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.