Canada Post Corp Registered Pension Plan Makes New Investment in Mettler-Toledo International Inc. (NYSE:MTD)

Canada Post Corp Registered Pension Plan bought a new stake in Mettler-Toledo International Inc. (NYSE:MTD - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 2,482 shares of the medical instruments supplier's stock, valued at approximately $3,037,000.

Several other institutional investors and hedge funds have also bought and sold shares of MTD. Alliancebernstein L.P. lifted its stake in shares of Mettler-Toledo International by 9.9% in the 4th quarter. Alliancebernstein L.P. now owns 583,181 shares of the medical instruments supplier's stock worth $713,627,000 after purchasing an additional 52,726 shares during the period. Geode Capital Management LLC raised its position in Mettler-Toledo International by 2.0% in the fourth quarter. Geode Capital Management LLC now owns 558,471 shares of the medical instruments supplier's stock worth $682,340,000 after acquiring an additional 11,032 shares during the period. Norges Bank purchased a new position in shares of Mettler-Toledo International during the 4th quarter worth $372,954,000. Principal Financial Group Inc. grew its position in shares of Mettler-Toledo International by 13.9% during the 4th quarter. Principal Financial Group Inc. now owns 274,563 shares of the medical instruments supplier's stock valued at $335,977,000 after acquiring an additional 33,456 shares during the period. Finally, Barclays PLC increased its stake in shares of Mettler-Toledo International by 8.3% in the 3rd quarter. Barclays PLC now owns 256,602 shares of the medical instruments supplier's stock worth $384,822,000 after purchasing an additional 19,609 shares in the last quarter. 95.07% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, insider Gerry Keller sold 600 shares of the firm's stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $1,351.34, for a total value of $810,804.00. Following the completion of the sale, the insider now directly owns 6 shares of the company's stock, valued at $8,108.04. This trade represents a 99.01 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Christian Magloth sold 790 shares of the stock in a transaction on Monday, February 24th. The shares were sold at an average price of $1,313.69, for a total value of $1,037,815.10. Following the sale, the insider now owns 734 shares in the company, valued at $964,248.46. The trade was a 51.84 % decrease in their position. The disclosure for this sale can be found here. 1.94% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on MTD shares. Robert W. Baird lifted their target price on Mettler-Toledo International from $1,362.00 to $1,369.00 and gave the company a "neutral" rating in a research report on Monday, February 10th. Citigroup upgraded Mettler-Toledo International from a "neutral" rating to a "buy" rating and set a $1,400.00 price objective for the company in a research note on Monday, April 7th. Wells Fargo & Company decreased their target price on shares of Mettler-Toledo International from $1,400.00 to $1,125.00 and set an "equal weight" rating on the stock in a research note on Thursday. Finally, Evercore ISI upped their price target on shares of Mettler-Toledo International from $1,450.00 to $1,475.00 and gave the stock an "outperform" rating in a research report on Monday, February 10th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $1,346.13.

Mettler-Toledo International Trading Down 1.2 %

Shares of NYSE:MTD traded down $11.93 during midday trading on Friday, reaching $1,004.72. 212,078 shares of the company were exchanged, compared to its average volume of 140,607. The stock has a market cap of $20.94 billion, a PE ratio of 24.79, a price-to-earnings-growth ratio of 3.30 and a beta of 1.28. The business's fifty day moving average is $1,185.43 and its two-hundred day moving average is $1,258.53. Mettler-Toledo International Inc. has a one year low of $946.69 and a one year high of $1,546.93.

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

Mettler-Toledo International 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.