Tredje AP fonden Has $2.09 Million Stock Position in Mettler-Toledo International Inc. (NYSE:MTD)

Tredje AP fonden reduced its holdings in shares of Mettler-Toledo International Inc. (NYSE:MTD - Free Report) by 50.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,705 shares of the medical instruments supplier's stock after selling 1,704 shares during the quarter. Tredje AP fonden's holdings in Mettler-Toledo International were worth $2,086,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of MTD. SBI Securities Co. Ltd. purchased a new stake in Mettler-Toledo International during the fourth quarter worth approximately $33,000. Ashton Thomas Securities LLC purchased a new stake in Mettler-Toledo International during the third quarter worth approximately $37,000. Blue Trust Inc. boosted its stake in shares of Mettler-Toledo International by 70.8% in 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 period. Whipplewood Advisors LLC purchased a new position in shares of Mettler-Toledo International in the fourth quarter valued at $54,000. Finally, Sound Income Strategies LLC boosted its stake in shares of Mettler-Toledo International by 4,500.0% in 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 period. 95.07% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, insider Christian Magloth sold 790 shares of the firm's stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $1,313.69, for a total transaction of $1,037,815.10. Following the completion of the transaction, the insider now owns 734 shares in the company, valued at approximately $964,248.46. This trade represents a 51.84 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Gerry Keller sold 600 shares of the firm's 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 transaction, the insider now owns 6 shares of the company's stock, valued at approximately $8,108.04. This trade represents a 99.01 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.94% of the company's stock.

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Analyst Upgrades and Downgrades

MTD has been the subject of several analyst reports. Wells Fargo & Company upped their target price 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 started coverage on shares of Mettler-Toledo International in a report on Friday, December 13th. They issued a "peer perform" rating on the stock. Citigroup cut their price target on shares of 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. 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 report on Monday, February 10th. Finally, Evercore ISI increased 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. One research analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $1,380.50.

Mettler-Toledo International Trading Up 0.5 %

MTD traded up $6.55 on Tuesday, reaching $1,241.57. The company had a trading volume of 113,278 shares, compared to its average volume of 127,471. The company has a fifty day moving average of $1,294.68 and a 200-day moving average of $1,315.34. The company has a market capitalization of $25.97 billion, a P/E ratio of 30.63, a PEG ratio of 3.30 and a beta of 1.15. Mettler-Toledo International Inc. has a one year low of $1,142.91 and a one year high of $1,546.93.

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