KLP Kapitalforvaltning AS Invests $19.07 Million in Mettler-Toledo International Inc. (NYSE:MTD)

KLP Kapitalforvaltning AS bought a new stake in Mettler-Toledo International Inc. (NYSE:MTD - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 15,583 shares of the medical instruments supplier's stock, valued at approximately $19,069,000. KLP Kapitalforvaltning AS owned about 0.07% of Mettler-Toledo International as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Proficio Capital Partners LLC bought a new stake in shares of Mettler-Toledo International during the 4th quarter valued at approximately $163,216,000. Seilern Investment Management Ltd bought a new stake in shares of Mettler-Toledo International during the fourth quarter worth $89,221,000. AustralianSuper Pty Ltd increased its holdings in shares of Mettler-Toledo International by 3,183.2% during the fourth quarter. AustralianSuper Pty Ltd now owns 71,673 shares of the medical instruments supplier's stock worth $87,705,000 after buying an additional 69,490 shares in the last quarter. Canoe Financial LP lifted its stake in shares of Mettler-Toledo International by 576.5% in the 4th quarter. Canoe Financial LP now owns 55,518 shares of the medical instruments supplier's stock valued at $67,936,000 after acquiring an additional 47,311 shares during the last quarter. Finally, Wealthfront Advisers LLC boosted its holdings in shares of Mettler-Toledo International by 4,357.4% during the 4th quarter. Wealthfront Advisers LLC now owns 35,258 shares of the medical instruments supplier's stock valued at $43,145,000 after acquiring an additional 34,467 shares in the last quarter. Institutional investors and hedge funds own 95.07% of the company's stock.

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Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. Wolfe Research started coverage on Mettler-Toledo International in a research report on Friday, December 13th. They issued a "peer perform" rating for the company. Evercore ISI boosted their target price on shares of Mettler-Toledo International from $1,450.00 to $1,475.00 and gave the stock an "outperform" rating in a report on Monday, February 10th. Wells Fargo & Company raised their price target on shares of Mettler-Toledo International from $1,350.00 to $1,400.00 and gave the company an "equal weight" rating in a research note on Monday, February 10th. Robert W. Baird upped their price objective on shares of Mettler-Toledo International from $1,362.00 to $1,369.00 and gave the company a "neutral" rating in a research note on Monday, February 10th. Finally, Citigroup lowered their target price on shares of Mettler-Toledo International from $1,450.00 to $1,400.00 and set a "neutral" rating for the company in a research note on Tuesday, March 4th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, Mettler-Toledo International currently has a consensus rating of "Hold" and an average price target of $1,380.50.

Mettler-Toledo International Stock Performance

Shares of NYSE MTD traded down $17.29 during trading on Friday, hitting $1,176.04. 117,497 shares of the company traded hands, compared to its average volume of 131,530. The firm has a market capitalization of $24.51 billion, a price-to-earnings ratio of 29.02, a P/E/G ratio of 3.30 and a beta of 1.15. The business's fifty day moving average is $1,283.84 and its 200 day moving average is $1,304.14. Mettler-Toledo International Inc. has a fifty-two week low of $1,142.91 and a fifty-two week high of $1,546.93.

Mettler-Toledo International (NYSE:MTD - Get Free Report) last announced its quarterly earnings results on Thursday, February 13th. The medical instruments supplier reported $12.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $11.76 by $0.65. Mettler-Toledo International had a negative return on equity of 591.54% and a net margin of 22.29%. On average, analysts predict that Mettler-Toledo International Inc. will post 42.71 EPS for the current year.

Insider Activity at Mettler-Toledo International

In other Mettler-Toledo International news, insider Gerry Keller sold 600 shares of the business's stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $1,351.34, for a total transaction of $810,804.00. Following the completion of the sale, the insider now directly owns 6 shares of the company's stock, valued at approximately $8,108.04. The trade was a 99.01 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Christian Magloth sold 790 shares of the stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $1,313.69, for a total value of $1,037,815.10. Following the completion of the sale, the insider now directly owns 734 shares of the company's stock, valued at approximately $964,248.46. This trade represents a 51.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.94% of the stock is currently owned by insiders.

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.