26,600 Shares in Mettler-Toledo International, Inc. $MTD Bought by PFA Pension Forsikringsaktieselskab

Key Points

• PFA Pension bought a new position of 26,600 Mettler-Toledo shares worth about $37.62 million, representing roughly a 0.13% stake at quarter-end.
• Analysts are generally constructive—Jefferies and Wall Street Zen upgraded MTD and the stock has a consensus “Moderate Buy” with an average price target of about $1,459.58—while the company recently beat quarterly EPS ($13.36 vs. $12.76) and saw revenue rise 8.1% year-over-year.
• CFO Shawn Vadala sold 800 shares at an average $1,410.12 for roughly $1.13 million, trimming his holding by 13.14% to 5,288 shares; company insiders collectively own 0.71% of the stock.

PFA Pension Forsikringsaktieselskab bought a new position in shares of Mettler-Toledo International, Inc. (NYSE:MTD - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 26,600 shares of the medical instruments supplier's stock, valued at approximately $37,621,000. PFA Pension Forsikringsaktieselskab owned approximately 0.13% of Mettler-Toledo International at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. EverSource Wealth Advisors LLC grew its stake in shares of Mettler-Toledo International by 2.4% during the third quarter. EverSource Wealth Advisors LLC now owns 294 shares of the medical instruments supplier's stock worth $361,000 after purchasing an additional 7 shares in the last quarter. Allworth Financial LP boosted its stake in Mettler-Toledo International by 6.1% in the third quarter. Allworth Financial LP now owns 121 shares of the medical instruments supplier's stock valued at $149,000 after acquiring an additional 7 shares in the last quarter. Versant Capital Management Inc boosted its stake in Mettler-Toledo International by 42.1% in the third quarter. Versant Capital Management Inc now owns 27 shares of the medical instruments supplier's stock valued at $33,000 after acquiring an additional 8 shares in the last quarter. Valeo Financial Advisors LLC boosted its stake in Mettler-Toledo International by 4.0% in the third quarter. Valeo Financial Advisors LLC now owns 207 shares of the medical instruments supplier's stock valued at $254,000 after acquiring an additional 8 shares in the last quarter. Finally, Meridian Wealth Management LLC boosted its stake in Mettler-Toledo International by 1.7% in the third quarter. Meridian Wealth Management LLC now owns 480 shares of the medical instruments supplier's stock valued at $589,000 after acquiring an additional 8 shares in the last quarter. Institutional investors and hedge funds own 95.07% of the company's stock.

Insider Buying and Selling at Mettler-Toledo International

In other news, CFO Shawn Vadala sold 800 shares of the stock in a transaction dated 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 completion of the sale, the chief financial officer owned 5,288 shares in the company, valued at approximately $7,456,714.56. This represents a 13.14% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.71% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on MTD. Jefferies Financial Group upgraded shares of Mettler-Toledo International from a "hold" rating to a "buy" rating and upped their price objective for the company from $1,400.00 to $1,450.00 in a research note on Friday, March 20th. Wall Street Zen upgraded shares of Mettler-Toledo International from a "hold" rating to a "buy" rating in a research note on Saturday, February 14th. Barclays decreased their price objective on shares of Mettler-Toledo International from $1,550.00 to $1,500.00 and set an "overweight" rating for the company in a research note on Tuesday, April 14th. Finally, Morgan Stanley cut their target price 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 company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $1,459.58.

Mettler-Toledo International Stock Performance

Shares of MTD opened at $1,270.10 on Monday. Mettler-Toledo International, Inc. has a fifty-two week low of $1,049.21 and a fifty-two week high of $1,525.17. The company has a market capitalization of $25.72 billion, a price-to-earnings ratio of 30.15, a price-to-earnings-growth ratio of 2.66 and a beta of 1.31. The firm has a 50-day simple moving average of $1,280.49 and a 200-day simple moving average of $1,368.11.

Mettler-Toledo International (NYSE:MTD - Get Free Report) last announced its earnings results on Friday, February 6th. The medical instruments supplier reported $13.36 earnings per share for the quarter, topping the consensus estimate of $12.76 by $0.60. Mettler-Toledo International had a net margin of 21.59% and a negative return on equity of 495.07%. The business had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.10 billion. During the same quarter in the prior year, the firm earned $12.41 earnings per share. The business's quarterly revenue was up 8.1% compared to the same quarter last year. Equities research analysts forecast that Mettler-Toledo International, Inc. will post 46.51 EPS 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.

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