Andra AP fonden lifted its holdings in shares of Mettler-Toledo International Inc. (NYSE:MTD - Free Report) by 15.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 15,600 shares of the medical instruments supplier's stock after acquiring an additional 2,100 shares during the period. Andra AP fonden owned 0.07% of Mettler-Toledo International worth $19,089,000 at the end of the most recent reporting period.
Other institutional investors have also recently added to or reduced their stakes in the company. State Street Corp increased its position in shares of Mettler-Toledo International by 1.0% during the third quarter. State Street Corp now owns 954,653 shares of the medical instruments supplier's stock worth $1,431,693,000 after purchasing an additional 9,009 shares in the last quarter. Geode Capital Management LLC increased its position in Mettler-Toledo International by 0.8% during the third quarter. Geode Capital Management LLC now owns 547,439 shares of the medical instruments supplier's stock worth $818,906,000 after buying an additional 4,166 shares during the period. Principal Financial Group Inc. lifted its stake in Mettler-Toledo International by 13.9% in the fourth quarter. Principal Financial Group Inc. now owns 274,563 shares of the medical instruments supplier's stock valued at $335,977,000 after buying an additional 33,456 shares during the last quarter. Barclays PLC lifted its stake in Mettler-Toledo International by 8.3% in the third quarter. Barclays PLC now owns 256,602 shares of the medical instruments supplier's stock valued at $384,822,000 after buying an additional 19,609 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in shares of Mettler-Toledo International by 14.7% in the third quarter. JPMorgan Chase & Co. now owns 221,799 shares of the medical instruments supplier's stock valued at $332,634,000 after acquiring an additional 28,478 shares during the period. Hedge funds and other institutional investors own 95.07% of the company's stock.
Wall Street Analysts Forecast Growth
MTD has been the subject of several research reports. Robert W. Baird upped their price target on shares of Mettler-Toledo International from $1,362.00 to $1,369.00 and gave the company a "neutral" rating in a research report on Monday, February 10th. Wells Fargo & Company lifted their price objective 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. Wolfe Research began coverage on shares of Mettler-Toledo International in a research note on Friday, December 13th. They set a "peer perform" rating for the company. Citigroup lowered their price target on Mettler-Toledo International from $1,450.00 to $1,400.00 and set a "neutral" rating on the stock in a report on Tuesday, March 4th. Finally, Evercore ISI upped their price objective on Mettler-Toledo International from $1,450.00 to $1,475.00 and gave the company an "outperform" rating in a research note on Monday, February 10th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, Mettler-Toledo International has a consensus rating of "Hold" and an average price target of $1,380.50.
Check Out Our Latest Report on Mettler-Toledo International
Mettler-Toledo International Price Performance
NYSE MTD traded down $26.25 on Wednesday, hitting $1,216.92. 100,011 shares of the company's stock were exchanged, compared to its average volume of 140,378. The firm has a market cap of $25.45 billion, a price-to-earnings ratio of 30.03, a P/E/G ratio of 3.30 and a beta of 1.15. The firm's 50-day moving average price is $1,295.68 and its two-hundred day moving average price is $1,321.07. 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 released its quarterly earnings data 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, research analysts predict that Mettler-Toledo International Inc. will post 42.71 earnings per share for the current fiscal year.
Insiders Place Their Bets
In other Mettler-Toledo International news, insider Christian Magloth sold 790 shares of the company's stock in a transaction 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 sale, the insider now owns 734 shares of the company's stock, valued at approximately $964,248.46. This represents a 51.84 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Gerry Keller sold 600 shares of the stock in a transaction dated Monday, February 10th. The shares were 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 in the company, valued at approximately $8,108.04. The trade was a 99.01 % 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 company insiders.
About Mettler-Toledo International
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Free Report)
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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