PensionDanmark Pensionsforsikringsaktieselskab Grows Position in Mettler-Toledo International, Inc. $MTD

PensionDanmark Pensionsforsikringsaktieselskab grew its stake in shares of Mettler-Toledo International, Inc. (NYSE:MTD) by 27.4% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 7,342 shares of the medical instruments supplier’s stock after purchasing an additional 1,577 shares during the period. PensionDanmark Pensionsforsikringsaktieselskab’s holdings in Mettler-Toledo International were worth $9,379,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in MTD. Norges Bank purchased a new position in shares of Mettler-Toledo International in the 4th quarter valued at about $520,989,000. M&T Bank Corp boosted its holdings in Mettler-Toledo International by 2,813.6% during the fourth quarter. M&T Bank Corp now owns 124,205 shares of the medical instruments supplier’s stock worth $173,165,000 after buying an additional 119,942 shares in the last quarter. Capital International Investors grew its position in Mettler-Toledo International by 12.7% during the fourth quarter. Capital International Investors now owns 969,067 shares of the medical instruments supplier’s stock worth $1,351,064,000 after buying an additional 109,508 shares during the period. Bank of America Corp DE increased its holdings in Mettler-Toledo International by 60.9% in the first quarter. Bank of America Corp DE now owns 207,286 shares of the medical instruments supplier’s stock valued at $261,429,000 after buying an additional 78,487 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its holdings in Mettler-Toledo International by 39,107.6% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 61,556 shares of the medical instruments supplier’s stock valued at $85,821,000 after buying an additional 61,399 shares in the last quarter. 95.07% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Mettler-Toledo International

In other Mettler-Toledo International news, Director Thomas P. Salice sold 417 shares of the stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $1,440.41, for a total transaction of $600,650.97. Following the sale, the director owned 292 shares in the company, valued at approximately $420,599.72. This represents a 58.82% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Shawn Vadala sold 2,240 shares of the firm’s stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $1,432.00, for a total value of $3,207,680.00. Following the transaction, the chief financial officer directly owned 5,579 shares of the company’s stock, valued at $7,989,128. The trade was a 28.65% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 3,312 shares of company stock valued at $4,750,362. 0.71% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on MTD shares. Wells Fargo & Company boosted their price target on Mettler-Toledo International from $1,225.00 to $1,450.00 and gave the stock an “equal weight” rating in a research note on Monday, August 3rd. Citigroup dropped their price objective on Mettler-Toledo International from $1,700.00 to $1,550.00 and set a “buy” rating for the company in a research note on Friday, May 8th. Morgan Stanley lifted their price objective on Mettler-Toledo International from $1,275.00 to $1,450.00 and gave the stock an “equal weight” rating in a report on Tuesday, August 4th. Wolfe Research initiated coverage on Mettler-Toledo International in a research report on Tuesday, June 2nd. They set a “peer perform” rating on the stock. Finally, Robert W. Baird lowered their target price on Mettler-Toledo International from $1,445.00 to $1,194.00 and set a “neutral” rating on the stock in a report on Monday, May 11th. Six investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $1,461.27.

Mettler-Toledo International Stock Performance

Shares of MTD opened at $1,429.14 on Friday. Mettler-Toledo International, Inc. has a 12-month low of $1,023.05 and a 12-month high of $1,525.17. The stock has a market cap of $28.64 billion, a P/E ratio of 32.17, a PEG ratio of 2.94 and a beta of 1.23. The company has a current ratio of 1.12, a quick ratio of 0.78 and a debt-to-equity ratio of 159.45. The company has a 50-day moving average of $1,267.38 and a two-hundred day moving average of $1,274.21.

Mettler-Toledo International (NYSE:MTD) last released its quarterly earnings results on Friday, July 31st. The medical instruments supplier reported $11.46 EPS for the quarter, beating the consensus estimate of $10.78 by $0.68. Mettler-Toledo International had a net margin of 21.91% and a negative return on equity of 1,212.14%. The business had revenue of $1.03 billion for the quarter, compared to analyst estimates of $1.03 billion. During the same period in the prior year, the business earned $10.09 earnings per share. The company’s quarterly revenue was up 4.5% on a year-over-year basis. As a group, research analysts predict that Mettler-Toledo International, Inc. will post 47.35 EPS for the current fiscal year.

Mettler-Toledo International Profile

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.