Fjarde AP Fonden Fourth Swedish National Pension Fund Has $4.35 Million Position in Mettler-Toledo International, Inc. $MTD

Fjarde AP Fonden Fourth Swedish National Pension Fund raised its stake in shares of Mettler-Toledo International, Inc. (NYSE:MTD) by 12.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,706 shares of the medical instruments supplier’s stock after buying an additional 400 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Mettler-Toledo International were worth $4,354,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. grew its position in shares of Mettler-Toledo International by 13.3% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,488 shares of the medical instruments supplier’s stock worth $2,929,000 after buying an additional 292 shares during the period. Russell Investments Group Ltd. increased its holdings in shares of Mettler-Toledo International by 29.0% in the first quarter. Russell Investments Group Ltd. now owns 116,502 shares of the medical instruments supplier’s stock worth $137,548,000 after acquiring an additional 26,171 shares in the last quarter. IFM Investors Pty Ltd increased its holdings in shares of Mettler-Toledo International by 7.0% in the first quarter. IFM Investors Pty Ltd now owns 4,274 shares of the medical instruments supplier’s stock worth $5,047,000 after acquiring an additional 280 shares in the last quarter. Legato Capital Management LLC increased its holdings in shares of Mettler-Toledo International by 107.7% in the first quarter. Legato Capital Management LLC now owns 2,050 shares of the medical instruments supplier’s stock worth $2,421,000 after acquiring an additional 1,063 shares in the last quarter. Finally, Tokio Marine Asset Management Co. Ltd. increased its holdings in shares of Mettler-Toledo International by 46.7% in the first quarter. Tokio Marine Asset Management Co. Ltd. now owns 7,829 shares of the medical instruments supplier’s stock worth $9,245,000 after acquiring an additional 2,493 shares in the last quarter. 95.07% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Mettler-Toledo International

In related news, insider Gerry Keller sold 165 shares of the stock in a transaction that occurred on Thursday, August 14th. The stock was sold at an average price of $1,308.64, for a total transaction of $215,925.60. Following the completion of the transaction, the insider directly owned 94 shares of the company’s stock, valued at approximately $123,012.16. This represents a 63.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Thomas P. Salice sold 1,062 shares of the stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $1,300.90, for a total value of $1,381,555.80. Following the transaction, the director directly owned 283 shares of the company’s stock, valued at $368,154.70. This trade represents a 78.96% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 1,827 shares of company stock worth $2,371,208. Corporate insiders own 1.94% of the company’s stock.

Mettler-Toledo International Stock Performance

NYSE MTD opened at $1,373.40 on Friday. The stock has a market capitalization of $28.29 billion, a price-to-earnings ratio of 34.78, a PEG ratio of 4.19 and a beta of 1.37. The stock’s 50 day moving average price is $1,304.55 and its two-hundred day moving average price is $1,218.30. Mettler-Toledo International, Inc. has a 52 week low of $946.69 and a 52 week high of $1,454.68.

Mettler-Toledo International (NYSE:MTD) last released its earnings results on Thursday, July 31st. The medical instruments supplier reported $10.09 EPS for the quarter, beating the consensus estimate of $9.58 by $0.51. The firm had revenue of $983.22 million for the quarter, compared to analysts’ expectations of $957.41 million. Mettler-Toledo International had a negative return on equity of 476.07% and a net margin of 21.46%.The business’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $9.65 EPS. On average, equities research analysts forecast that Mettler-Toledo International, Inc. will post 42.71 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages have issued reports on MTD. Robert W. Baird increased their price target on Mettler-Toledo International from $1,210.00 to $1,230.00 and gave the stock a “neutral” rating in a report on Monday, August 4th. Evercore ISI increased their price target on Mettler-Toledo International from $1,275.00 to $1,400.00 and gave the stock an “outperform” rating in a report on Tuesday, October 7th. JPMorgan Chase & Co. increased their price target on Mettler-Toledo International from $1,200.00 to $1,285.00 and gave the stock a “neutral” rating in a report on Thursday, October 9th. Barclays increased their price target on Mettler-Toledo International from $1,325.00 to $1,350.00 and gave the stock an “overweight” rating in a report on Thursday, October 2nd. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Mettler-Toledo International in a report on Wednesday, October 8th. Five analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $1,336.50.

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.