Mettler-Toledo International Inc. (NYSE:MTD) Shares Purchased by Forsta AP Fonden

Forsta AP Fonden lifted its holdings in shares of Mettler-Toledo International Inc. (NYSE:MTD - Free Report) by 11.9% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 4,700 shares of the medical instruments supplier's stock after acquiring an additional 500 shares during the period. Forsta AP Fonden's holdings in Mettler-Toledo International were worth $7,049,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Daiwa Securities Group Inc. increased its position in Mettler-Toledo International by 36.6% during the first quarter. Daiwa Securities Group Inc. now owns 2,682 shares of the medical instruments supplier's stock worth $3,570,000 after buying an additional 719 shares during the period. Norden Group LLC increased its position in Mettler-Toledo International by 2,701.7% during the first quarter. Norden Group LLC now owns 6,640 shares of the medical instruments supplier's stock worth $8,840,000 after buying an additional 6,403 shares during the period. BNP Paribas Financial Markets increased its position in Mettler-Toledo International by 6.2% during the first quarter. BNP Paribas Financial Markets now owns 28,128 shares of the medical instruments supplier's stock worth $37,447,000 after buying an additional 1,636 shares during the period. Gateway Investment Advisers LLC acquired a new position in Mettler-Toledo International during the second quarter worth approximately $685,000. Finally, Mediolanum International Funds Ltd acquired a new position in Mettler-Toledo International during the first quarter worth approximately $2,169,000. Institutional investors and hedge funds own 95.07% of the company's stock.

Analyst Ratings Changes

Several research analysts have weighed in on MTD shares. Evercore ISI lifted their target price on Mettler-Toledo International from $1,375.00 to $1,450.00 and gave the company an "in-line" rating in a research note on Tuesday, October 1st. Stifel Nicolaus lifted their target price on Mettler-Toledo International from $1,510.00 to $1,550.00 and gave the company a "buy" rating in a research note on Monday, August 5th. JPMorgan Chase & Co. lifted their target price on Mettler-Toledo International from $1,300.00 to $1,400.00 and gave the company a "neutral" rating in a research note on Monday, August 5th. StockNews.com upgraded Mettler-Toledo International from a "hold" rating to a "buy" rating in a research note on Thursday, July 11th. Finally, The Goldman Sachs Group lifted their target price on Mettler-Toledo International from $1,150.00 to $1,300.00 and gave the company a "neutral" rating in a research note on Tuesday, July 9th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat.com, Mettler-Toledo International presently has a consensus rating of "Hold" and an average price target of $1,363.75.

Mettler-Toledo International Price Performance

Shares of MTD stock traded up $2.25 during midday trading on Tuesday, reaching $1,297.17. 92,350 shares of the company traded hands, compared to its average volume of 132,651. The firm's 50 day simple moving average is $1,413.22 and its two-hundred day simple moving average is $1,394.68. The firm has a market cap of $27.53 billion, a PE ratio of 35.62, a price-to-earnings-growth ratio of 3.78 and a beta of 1.14. Mettler-Toledo International Inc. has a 1-year low of $928.49 and a 1-year high of $1,546.93.

Mettler-Toledo International (NYSE:MTD - Get Free Report) last issued its quarterly earnings data on Thursday, August 1st. The medical instruments supplier reported $9.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $9.00 by $0.65. Mettler-Toledo International had a negative return on equity of 575.61% and a net margin of 20.95%. The firm had revenue of $946.75 million during the quarter, compared to analysts' expectations of $929.13 million. During the same period in the previous year, the firm posted $10.19 earnings per share. Mettler-Toledo International's revenue was down 3.6% on a year-over-year basis. As a group, research analysts anticipate that Mettler-Toledo International Inc. will post 40.34 earnings per share for the current fiscal year.

Insider Buying and Selling at Mettler-Toledo International

In other news, insider Christian Magloth sold 1,000 shares of the stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $1,422.97, for a total value of $1,422,970.00. Following the sale, the insider now directly owns 734 shares in the company, valued at $1,044,459.98. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Mettler-Toledo International news, CFO Shawn Vadala sold 250 shares of the company's stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $1,401.00, for a total value of $350,250.00. Following the transaction, the chief financial officer now directly owns 4,914 shares in the company, valued at approximately $6,884,514. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Christian Magloth sold 1,000 shares of Mettler-Toledo International stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $1,422.97, for a total transaction of $1,422,970.00. Following the sale, the insider now owns 734 shares of the company's stock, valued at approximately $1,044,459.98. This trade represents a 0.00 % 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.

Mettler-Toledo International Company 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.