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

Sumitomo Mitsui Trust Holdings Inc. reduced its holdings in Mettler-Toledo International Inc. (NYSE:MTD) by 2.4% during the 4th quarter, Holdings Channel reports. 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.’s holdings in Mettler-Toledo International were worth $62,634,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in the business. CIBC Private Wealth Group LLC boosted its holdings in shares of Mettler-Toledo International by 1.9% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 435 shares of the medical instruments supplier’s stock valued at $472,000 after acquiring an additional 8 shares during the last quarter. Maverick Capital Ltd. boosted its holdings in shares of Mettler-Toledo International by 3.9% in the 4th quarter. Maverick Capital Ltd. now owns 241 shares of the medical instruments supplier’s stock valued at $348,000 after acquiring an additional 9 shares during the last quarter. Personal CFO Solutions LLC boosted its holdings in shares of Mettler-Toledo International by 2.2% in the 3rd quarter. Personal CFO Solutions LLC now owns 472 shares of the medical instruments supplier’s stock valued at $523,000 after acquiring an additional 10 shares during the last quarter. Ancora Advisors LLC lifted its stake in shares of Mettler-Toledo International by 100.0% in the 1st quarter. Ancora Advisors LLC now owns 20 shares of the medical instruments supplier’s stock valued at $31,000 after purchasing an additional 10 shares during the period. Finally, Penserra Capital Management LLC lifted its stake in shares of Mettler-Toledo International by 9.3% in the 4th quarter. Penserra Capital Management LLC now owns 118 shares of the medical instruments supplier’s stock valued at $169,000 after purchasing an additional 10 shares during the period. 95.07% of the stock is owned by hedge funds and other institutional investors.

Mettler-Toledo International Stock Performance

NYSE:MTD opened at $1,192.56 on Friday. The company has a fifty day moving average of $1,269.34 and a two-hundred day moving average of $1,170.18. The stock has a market capitalization of $25.51 billion, a PE ratio of 33.23, a P/E/G ratio of 3.35 and a beta of 1.15. Mettler-Toledo International Inc. has a fifty-two week low of $928.49 and a fifty-two week high of $1,601.66.

Mettler-Toledo International (NYSE:MTD) last posted its quarterly earnings data on Friday, February 9th. The medical instruments supplier reported $9.40 earnings per share for the quarter, missing analysts’ consensus estimates of $10.32 by ($0.92). The company had revenue of $934.90 million for the quarter, compared to analyst estimates of $959.45 million. Mettler-Toledo International had a negative return on equity of 904.59% and a net margin of 20.82%. The business’s revenue was down 11.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $12.10 earnings per share. Research analysts forecast that Mettler-Toledo International Inc. will post 39.9 earnings per share for the current year.

Insider Activity

In other news, Director Elisha W. Finney sold 251 shares of the stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $1,177.35, for a total value of $295,514.85. Following the completion of the sale, the director now directly owns 316 shares in the company, valued at $372,042.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, insider Christian Magloth sold 400 shares of the stock in a transaction dated 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 completion of the sale, the insider now directly owns 734 shares in the company, valued at $938,587.82. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Elisha W. Finney sold 251 shares of the company’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $1,177.35, for a total transaction of $295,514.85. Following the completion of the sale, the director now directly owns 316 shares of the company’s stock, valued at approximately $372,042.60. The disclosure for this sale can be found here. Insiders sold 951 shares of company stock worth $1,170,256 over the last three months. Insiders own 1.94% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on MTD. Evercore ISI boosted their target price on shares of Mettler-Toledo International from $1,200.00 to $1,300.00 and gave the company an “in-line” rating in a research note on Thursday, April 4th. StockNews.com cut shares of Mettler-Toledo International from a “buy” rating to a “hold” rating in a research note on Thursday. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, Mettler-Toledo International currently has a consensus rating of “Hold” and a consensus target price of $1,233.25.

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.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.