Mettler-Toledo International, Inc. $MTD Stock Holdings Decreased by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. lowered its stake in shares of Mettler-Toledo International, Inc. (NYSE:MTD – Free Report) by 3.6% during the third quarter, Holdings Channel.com reports. The firm owned 42,027 shares of the medical instruments supplier’s stock after selling 1,579 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Mettler-Toledo International were worth $63,501,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Mettler-Toledo International during the third quarter valued at about $8,878,000. Vise Technologies Inc. boosted its holdings in shares of Mettler-Toledo International by 116.2% in the 3rd quarter. Vise Technologies Inc. now owns 387 shares of the medical instruments supplier’s stock valued at $584,000 after buying an additional 208 shares in the last quarter. Grandfield & Dodd LLC boosted its holdings in shares of Mettler-Toledo International by 3.0% in the 3rd quarter. Grandfield & Dodd LLC now owns 14,149 shares of the medical instruments supplier’s stock valued at $21,378,000 after buying an additional 413 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al grew its position in shares of Mettler-Toledo International by 13.2% in the 3rd quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 14,501 shares of the medical instruments supplier’s stock worth $21,910,000 after buying an additional 1,690 shares during the last quarter. Finally, BOKF NA grew its position in shares of Mettler-Toledo International by 1.0% in the 3rd quarter. BOKF NA now owns 837 shares of the medical instruments supplier’s stock worth $1,265,000 after buying an additional 8 shares during the last quarter. Hedge funds and other institutional investors own 95.07% of the company’s stock.

Mettler-Toledo International Trading Up 1.1%

NYSE MTD opened at $1,696.42 on Wednesday. Mettler-Toledo International, Inc. has a 12-month low of $1,023.05 and a 12-month high of $1,728.66. The company has a fifty day simple moving average of $1,506.39 and a two-hundred day simple moving average of $1,342.11. The company has a current ratio of 1.12, a quick ratio of 0.78 and a debt-to-equity ratio of 159.45. The stock has a market cap of $34.00 billion, a P/E ratio of 38.18, a P/E/G ratio of 3.38 and a beta of 1.16.

Analyst Upgrades and Downgrades

Several research analysts recently commented on MTD shares. Weiss Ratings raised shares of Mettler-Toledo International from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, October 19th. UBS Group assumed coverage on shares of Mettler-Toledo International in a research note on Wednesday, September 9th. They issued a “neutral” rating and a $1,460.00 target price for the company. Jefferies Financial Group lifted their price target on shares of Mettler-Toledo International from $1,400.00 to $1,580.00 and gave the stock a “buy” rating in a report on Friday, July 31st. Royal Bank Of Canada began coverage on Mettler-Toledo International in a research report on Tuesday, September 1st. They set a “sector perform” rating and a $1,515.00 price target on the stock. Finally, Stifel Nicolaus upped their price target on Mettler-Toledo International from $1,400.00 to $1,600.00 and gave the stock a “buy” rating in a research report on Monday, August 3rd. Six research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $1,469.15.

Get Our Latest Research Report on MTD

Insider Activity

In related news, CEO Patrick Kaltenbach sold 942 shares of the firm’s stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $1,425.00, for a total value of $1,342,350.00. Following the completion of the transaction, the chief executive officer owned 4,480 shares in the company, valued at $6,384,000. This trade represents a 17.37% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.71% of the stock is currently owned by insiders.

About Mettler-Toledo International

(Free Report)

Mettler-Toledo International Inc (NYSE: MTD) develops and manufactures precision instruments and related services for laboratory, industrial, and retail applications. Its products help customers weigh, measure, analyze, inspect, and control materials and processes with high accuracy.

The company’s laboratory offerings include balances and scales, analytical instruments, titration and pH systems, thermal analysis equipment, spectroscopy products, laboratory automation solutions, and associated software.

Further Reading

Want to see what other hedge funds are holding MTD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mettler-Toledo International, Inc. (NYSE:MTD – Free Report).

Institutional Ownership by Quarter for Mettler-Toledo International (NYSE:MTD)

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