Skandinaviska Enskilda Banken AB publ Has $12.79 Million Stake in Mettler-Toledo International Inc. (NYSE:MTD)

Skandinaviska Enskilda Banken AB publ lifted its position in shares of Mettler-Toledo International Inc. (NYSE:MTD - Free Report) by 77.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,485 shares of the medical instruments supplier's stock after buying an additional 4,581 shares during the period. Skandinaviska Enskilda Banken AB publ's holdings in Mettler-Toledo International were worth $12,791,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the company. SBI Securities Co. Ltd. acquired a new position in Mettler-Toledo International during the fourth quarter valued at approximately $33,000. Blue Trust Inc. boosted its position in Mettler-Toledo International by 70.8% during the fourth quarter. Blue Trust Inc. now owns 41 shares of the medical instruments supplier's stock valued at $50,000 after purchasing an additional 17 shares during the last quarter. Whipplewood Advisors LLC acquired a new position in Mettler-Toledo International during the fourth quarter valued at approximately $54,000. Sound Income Strategies LLC boosted its position in Mettler-Toledo International by 4,500.0% during the fourth quarter. Sound Income Strategies LLC now owns 46 shares of the medical instruments supplier's stock valued at $56,000 after purchasing an additional 45 shares during the last quarter. Finally, Farther Finance Advisors LLC raised its stake in Mettler-Toledo International by 14.3% in the fourth quarter. Farther Finance Advisors LLC now owns 64 shares of the medical instruments supplier's stock valued at $78,000 after buying an additional 8 shares during the period. 95.07% of the stock is owned by institutional investors and hedge funds.

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Analysts Set New Price Targets

Several research firms have issued reports on MTD. Wolfe Research began coverage on Mettler-Toledo International in a research note on Friday, December 13th. They issued a "peer perform" rating on the stock. Wells Fargo & Company upped their price objective on 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 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. 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. Finally, Citigroup lowered their target price on Mettler-Toledo International from $1,450.00 to $1,400.00 and set a "neutral" rating on the stock in a research note on Tuesday, March 4th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, Mettler-Toledo International presently has an average rating of "Hold" and a consensus price target of $1,380.50.

Insider Buying and Selling

In other Mettler-Toledo International news, insider Christian Magloth sold 790 shares of the firm'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 trade represents a 51.84 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Gerry Keller sold 600 shares of the firm's stock in a transaction on Monday, February 10th. The shares were sold at an average price of $1,351.34, for a total value 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. This represents a 99.01 % decrease in their position. The disclosure for this sale can be found here. 1.94% of the stock is currently owned by company insiders.

Mettler-Toledo International Price Performance

NYSE:MTD traded down $21.74 during trading hours on Wednesday, reaching $1,220.99. 113,907 shares of the company were exchanged, compared to its average volume of 138,423. The company has a market capitalization of $25.54 billion, a P/E ratio of 30.13, a P/E/G ratio of 3.30 and a beta of 1.15. Mettler-Toledo International Inc. has a 1-year low of $1,142.91 and a 1-year high of $1,546.93. The business has a 50 day moving average of $1,294.42 and a 200 day moving average of $1,313.94.

Mettler-Toledo International (NYSE:MTD - Get Free Report) last issued its quarterly earnings results on Thursday, February 13th. The medical instruments supplier reported $12.41 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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%. As a group, equities research analysts anticipate that Mettler-Toledo International Inc. will post 42.71 earnings per share for the current fiscal year.

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.