Sumitomo Mitsui Trust Group Inc. increased its stake in shares of Mettler-Toledo International Inc. (NYSE:MTD – Free Report) by 1.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 48,216 shares of the medical instruments supplier’s stock after buying an additional 698 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Mettler-Toledo International were worth $72,310,000 at the end of the most recent quarter.
A number of other hedge funds have also recently added to or reduced their stakes in the stock. Capital International Investors lifted its position in shares of Mettler-Toledo International by 15.1% during the first quarter. Capital International Investors now owns 1,075,420 shares of the medical instruments supplier’s stock worth $1,431,696,000 after purchasing an additional 141,431 shares in the last quarter. PineStone Asset Management Inc. boosted its position in Mettler-Toledo International by 127.4% in the 2nd quarter. PineStone Asset Management Inc. now owns 259,629 shares of the medical instruments supplier’s stock valued at $362,855,000 after buying an additional 145,453 shares during the last quarter. TD Asset Management Inc increased its stake in shares of Mettler-Toledo International by 1.9% in the 2nd quarter. TD Asset Management Inc now owns 157,247 shares of the medical instruments supplier’s stock valued at $219,767,000 after buying an additional 2,866 shares during the period. Massachusetts Financial Services Co. MA raised its position in shares of Mettler-Toledo International by 32.5% during the second quarter. Massachusetts Financial Services Co. MA now owns 142,944 shares of the medical instruments supplier’s stock worth $199,777,000 after acquiring an additional 35,048 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD raised its position in shares of Mettler-Toledo International by 88.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 122,655 shares of the medical instruments supplier’s stock worth $163,290,000 after acquiring an additional 57,509 shares during the last quarter. Institutional investors own 95.07% of the company’s stock.
Insider Buying and Selling at Mettler-Toledo International
In other news, Director Elisha W. Finney sold 76 shares of the stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $1,311.75, for a total value of $99,693.00. Following the transaction, the director now directly owns 240 shares of the company’s stock, valued at $314,820. This represents a 24.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.94% of the company’s stock.
Wall Street Analyst Weigh In
View Our Latest Stock Analysis on Mettler-Toledo International
Mettler-Toledo International Stock Performance
Shares of NYSE:MTD opened at $1,239.13 on Friday. Mettler-Toledo International Inc. has a 52-week low of $1,039.01 and a 52-week high of $1,546.93. The company has a market capitalization of $26.15 billion, a P/E ratio of 33.94, a price-to-earnings-growth ratio of 4.16 and a beta of 1.16. The company has a 50-day simple moving average of $1,388.91 and a 200 day simple moving average of $1,401.80.
Mettler-Toledo International (NYSE:MTD – Get Free Report) last released its quarterly earnings data on Thursday, November 7th. The medical instruments supplier reported $10.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $10.00 by $0.21. Mettler-Toledo International had a negative return on equity of 531.78% and a net margin of 21.15%. The company had revenue of $954.54 million during the quarter, compared to analysts’ expectations of $941.93 million. As a group, equities analysts forecast that Mettler-Toledo International Inc. will post 40.37 earnings per share 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.
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