Pensionfund Sabic Has $1.41 Million Stake in Mettler-Toledo International Inc. (NYSE:MTD)

Pensionfund Sabic increased its holdings in shares of Mettler-Toledo International Inc. (NYSE:MTD - Free Report) by 53.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,150 shares of the medical instruments supplier's stock after acquiring an additional 400 shares during the quarter. Pensionfund Sabic's holdings in Mettler-Toledo International were worth $1,407,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of MTD. Blue Trust Inc. grew its position in Mettler-Toledo International by 242.9% in the 3rd quarter. Blue Trust Inc. now owns 24 shares of the medical instruments supplier's stock worth $34,000 after purchasing an additional 17 shares during the last quarter. Ashton Thomas Securities LLC bought a new position in Mettler-Toledo International in the 3rd quarter worth about $37,000. Itau Unibanco Holding S.A. bought a new position in shares of Mettler-Toledo International in the second quarter valued at approximately $42,000. Raleigh Capital Management Inc. boosted its holdings in shares of Mettler-Toledo International by 272.7% in the third quarter. Raleigh Capital Management Inc. now owns 41 shares of the medical instruments supplier's stock valued at $61,000 after acquiring an additional 30 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. boosted its holdings in shares of Mettler-Toledo International by 60.0% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 48 shares of the medical instruments supplier's stock valued at $72,000 after acquiring an additional 18 shares in the last quarter. Institutional investors and hedge funds own 95.07% of the company's stock.

Mettler-Toledo International Trading Up 0.2 %

MTD stock traded up $2.68 during midday trading on Tuesday, reaching $1,254.93. The company had a trading volume of 130,046 shares, compared to its average volume of 112,362. Mettler-Toledo International Inc. has a 1 year low of $1,122.21 and a 1 year high of $1,546.93. The company has a market capitalization of $26.48 billion, a P/E ratio of 33.83, a PEG ratio of 4.21 and a beta of 1.12. The company has a 50 day moving average of $1,256.13 and a two-hundred day moving average of $1,353.00.

Mettler-Toledo International (NYSE:MTD - Get Free Report) last released its earnings results on Thursday, November 7th. The medical instruments supplier reported $10.21 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $10.00 by $0.21. Mettler-Toledo International had a net margin of 21.15% and a negative return on equity of 531.78%. The company had revenue of $954.54 million during the quarter, compared to the consensus estimate of $941.93 million. On average, sell-side analysts anticipate that Mettler-Toledo International Inc. will post 40.42 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on MTD shares. Stifel Nicolaus decreased their price objective on shares of Mettler-Toledo International from $1,550.00 to $1,450.00 and set a "buy" rating for the company in a report on Monday, November 11th. Robert W. Baird cut their target price on shares of Mettler-Toledo International from $1,375.00 to $1,310.00 and set a "neutral" rating for the company in a research note on Monday, November 11th. Wells Fargo & Company cut their target price on shares of Mettler-Toledo International from $1,400.00 to $1,350.00 and set an "equal weight" rating for the company in a research note on Monday, November 11th. Evercore ISI raised shares of Mettler-Toledo International from an "in-line" rating to an "outperform" rating and increased their target price for the company from $1,375.00 to $1,450.00 in a research note on Thursday, January 2nd. Finally, Wolfe Research assumed coverage on shares of Mettler-Toledo International in a research note on Friday, December 13th. They set a "peer perform" rating for the company. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $1,351.25.

Insiders Place Their Bets

In related news, Director Elisha W. Finney sold 76 shares of the firm's stock in a transaction on Monday, November 11th. The shares were sold at an average price of $1,311.75, for a total value of $99,693.00. Following the transaction, the director now directly owns 240 shares in the company, valued at approximately $314,820. This trade represents a 24.05 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Gerry Keller sold 140 shares of the firm's stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $1,254.09, for a total transaction of $175,572.60. Following the completion of the transaction, the insider now owns 6 shares in the company, valued at $7,524.54. The trade was a 95.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.94% of the company's stock.

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.