Mettler-Toledo International, Inc. $MTD Shares Purchased by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS increased its position in shares of Mettler-Toledo International, Inc. (NYSE:MTD) by 6.3% during the fourth quarter, Holdings Channel reports. The fund owned 7,953 shares of the medical instruments supplier’s stock after acquiring an additional 470 shares during the quarter. KLP Kapitalforvaltning AS’s holdings in Mettler-Toledo International were worth $11,088,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. M&T Bank Corp boosted its holdings in shares of Mettler-Toledo International by 2,813.6% in the 4th quarter. M&T Bank Corp now owns 124,205 shares of the medical instruments supplier’s stock valued at $173,165,000 after purchasing an additional 119,942 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH boosted its holdings in shares of Mettler-Toledo International by 2.1% in the 4th quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 16,231 shares of the medical instruments supplier’s stock valued at $22,719,000 after purchasing an additional 340 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of Mettler-Toledo International in the 4th quarter valued at $56,000. Optas LLC acquired a new position in shares of Mettler-Toledo International in the 4th quarter valued at $233,000. Finally, SageGuard Financial Group LLC acquired a new position in shares of Mettler-Toledo International in the 4th quarter valued at $290,000. Institutional investors and hedge funds own 95.07% of the company’s stock.

Insider Buying and Selling at Mettler-Toledo International

In related news, CFO Shawn Vadala sold 800 shares of Mettler-Toledo International stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $1,410.12, for a total transaction of $1,128,096.00. Following the transaction, the chief financial officer owned 5,288 shares in the company, valued at approximately $7,456,714.56. The trade was a 13.14% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.71% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on MTD. Wall Street Zen upgraded shares of Mettler-Toledo International from a “hold” rating to a “buy” rating in a report on Saturday, February 14th. Jefferies Financial Group upgraded shares of Mettler-Toledo International from a “hold” rating to a “buy” rating and lifted their price target for the company from $1,400.00 to $1,450.00 in a report on Friday, March 20th. Barclays decreased their price target on shares of Mettler-Toledo International from $1,550.00 to $1,500.00 and set an “overweight” rating on the stock in a report on Tuesday, April 14th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Mettler-Toledo International in a report on Monday, December 29th. Finally, Morgan Stanley decreased their price target on shares of Mettler-Toledo International from $1,550.00 to $1,475.00 and set an “equal weight” rating on the stock in a report on Tuesday, February 10th. Seven equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, Mettler-Toledo International has an average rating of “Moderate Buy” and an average target price of $1,459.58.

Mettler-Toledo International Trading Down 3.3%

NYSE:MTD opened at $1,266.38 on Friday. The firm has a market capitalization of $25.64 billion, a price-to-earnings ratio of 30.07, a PEG ratio of 2.75 and a beta of 1.43. The firm’s fifty day simple moving average is $1,290.27 and its 200 day simple moving average is $1,368.63. Mettler-Toledo International, Inc. has a twelve month low of $1,029.23 and a twelve month high of $1,525.17.

Mettler-Toledo International (NYSE:MTD) last posted its earnings results on Friday, February 6th. The medical instruments supplier reported $13.36 earnings per share for the quarter, beating the consensus estimate of $12.76 by $0.60. The business had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.10 billion. Mettler-Toledo International had a net margin of 21.59% and a negative return on equity of 495.07%. The business’s quarterly revenue was up 8.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $12.41 EPS. On average, analysts predict that Mettler-Toledo International, Inc. will post 46.51 earnings per share for the current year.

About Mettler-Toledo International

Mettler-Toledo International Inc is a global manufacturer and distributor of precision instruments and services for laboratory, industrial and food retail applications. The company’s product portfolio includes laboratory balances and analytical instruments, industrial weighing systems, process analytics and sensors, metal detection and x-ray inspection equipment, checkweighers, and a range of automated inspection and data-management solutions. Mettler-Toledo also provides software, calibration and lifecycle services intended to support compliance, quality control and operational efficiency across customer facilities.

The company serves a broad set of end markets including pharmaceutical and biotech laboratories, chemical and food processors, logistics and manufacturing operations, and retail environments where accurate weighing and inspection are critical.