Fjarde AP Fonden Fourth Swedish National Pension Fund Buys 400 Shares of Mettler-Toledo International, Inc. $MTD

Fjarde AP Fonden Fourth Swedish National Pension Fund increased 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 (SEC). 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 hedge funds and other institutional investors have also modified their holdings of the company. WPG Advisers LLC bought a new position in shares of Mettler-Toledo International during the 1st quarter worth approximately $41,000. Zions Bancorporation National Association UT bought a new position in shares of Mettler-Toledo International during the 1st quarter worth approximately $43,000. Sound Income Strategies LLC raised its position in Mettler-Toledo International by 477.8% in the 2nd quarter. Sound Income Strategies LLC now owns 52 shares of the medical instruments supplier’s stock valued at $61,000 after purchasing an additional 43 shares during the last quarter. Caitong International Asset Management Co. Ltd bought a new position in Mettler-Toledo International in the 2nd quarter valued at $63,000. Finally, Geneos Wealth Management Inc. raised its position in Mettler-Toledo International by 83.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 66 shares of the medical instruments supplier’s stock valued at $78,000 after purchasing an additional 30 shares during the last quarter. Institutional investors own 95.07% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on MTD shares. Robert W. Baird lifted their price objective on Mettler-Toledo International from $1,210.00 to $1,230.00 and gave the company a “neutral” rating in a research report on Monday, August 4th. Bank of America lifted their price target on Mettler-Toledo International from $1,260.00 to $1,390.00 and gave the company a “neutral” rating in a report on Monday, September 22nd. Evercore ISI lifted their price target on Mettler-Toledo International from $1,275.00 to $1,400.00 and gave the company an “outperform” rating in a report on Tuesday, October 7th. Citigroup lifted their price target on Mettler-Toledo International from $1,400.00 to $1,600.00 and gave the company a “buy” rating in a report on Thursday, August 21st. Finally, Barclays lifted their price target on Mettler-Toledo International from $1,325.00 to $1,350.00 and gave the company an “overweight” rating in a report on Thursday, October 2nd. Five research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $1,336.50.

Mettler-Toledo International Stock Down 1.5%

MTD stock opened at $1,373.40 on Friday. The company has a market cap of $28.29 billion, a P/E ratio of 34.78, a PEG ratio of 4.19 and a beta of 1.37. Mettler-Toledo International, Inc. has a twelve month low of $946.69 and a twelve month high of $1,454.68. The business has a fifty day moving average of $1,304.55 and a 200-day moving average of $1,218.30.

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

Insider Transactions at Mettler-Toledo International

In other news, insider Gerry Keller sold 165 shares of the business’s stock in a transaction 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 sale, the insider owned 94 shares in the company, valued at $123,012.16. The trade was a 63.71% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Shawn Vadala sold 300 shares of the company’s stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $1,325.00, for a total value of $397,500.00. Following the completion of the sale, the chief financial officer owned 5,095 shares of the company’s stock, valued at $6,750,875. This represents a 5.56% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 1,827 shares of company stock worth $2,371,208 over the last 90 days. 1.94% of the stock is owned by insiders.

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.