Fjarde AP Fonden Fourth Swedish National Pension Fund Has $3.90 Million Stock Position in Mettler-Toledo International, Inc. (NYSE:MTD)

Key Points

• The Fjarde AP Fonden Fourth Swedish National Pension Fund reduced its stake in Mettler-Toledo International by 19.5%, holding 3,306 shares valued at approximately $3.90 million as of the end of the most recent quarter.
• Institutional investors own approximately 95.07% of Mettler-Toledo International's stock, with several hedge funds significantly increasing their holdings during the first quarter of this year.
• Barclays and other analysts have given Mettler-Toledo International an "overweight" rating with a price target of $1,325.00, while the stock currently has a consensus rating of "Hold" and a target price of $1,288.89.

Fjarde AP Fonden Fourth Swedish National Pension Fund lowered its holdings in Mettler-Toledo International, Inc. (NYSE:MTD - Free Report) by 19.5% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,306 shares of the medical instruments supplier's stock after selling 800 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund's holdings in Mettler-Toledo International were worth $3,904,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Zions Bancorporation National Association UT acquired a new stake in Mettler-Toledo International in the 1st quarter valued at approximately $43,000. Golden State Wealth Management LLC grew its holdings in Mettler-Toledo International by 583.3% in the 1st quarter. Golden State Wealth Management LLC now owns 41 shares of the medical instruments supplier's stock valued at $48,000 after buying an additional 35 shares during the last quarter. Menard Financial Group LLC acquired a new stake in Mettler-Toledo International in the 4th quarter valued at approximately $67,000. Blue Trust Inc. grew its holdings in shares of Mettler-Toledo International by 520.0% during the 1st quarter. Blue Trust Inc. now owns 62 shares of the medical instruments supplier's stock worth $73,000 after purchasing an additional 52 shares in the last quarter. Finally, Farther Finance Advisors LLC grew its holdings in shares of Mettler-Toledo International by 39.1% during the 1st quarter. Farther Finance Advisors LLC now owns 89 shares of the medical instruments supplier's stock worth $103,000 after purchasing an additional 25 shares in the last quarter. Institutional investors and hedge funds own 95.07% of the company's stock.

Wall Street Analysts Forecast Growth

MTD has been the topic of several recent research reports. Barclays initiated coverage on Mettler-Toledo International in a report on Tuesday, June 24th. They set an "overweight" rating and a $1,325.00 price objective on the stock. Jefferies Financial Group raised Mettler-Toledo International from an "underperform" rating to a "hold" rating and decreased their price objective for the stock from $1,200.00 to $1,110.00 in a report on Monday, May 5th. Evercore ISI decreased their price objective on Mettler-Toledo International from $1,280.00 to $1,275.00 and set an "outperform" rating on the stock in a report on Monday, August 4th. UBS Group raised Mettler-Toledo International from a "neutral" rating to a "buy" rating and decreased their price objective for the stock from $1,530.00 to $1,350.00 in a report on Tuesday, May 20th. Finally, Wall Street Zen lowered Mettler-Toledo International from a "buy" rating to a "hold" rating in a report on Monday, May 5th. Six equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $1,288.89.

Insider Buying and Selling at Mettler-Toledo International

In other Mettler-Toledo International news, Director Thomas P. Salice sold 1,062 shares of Mettler-Toledo International stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $1,300.90, for a total value of $1,381,555.80. Following the completion of the transaction, the director owned 283 shares in the company, valued at approximately $368,154.70. The trade was a 78.96% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Shawn Vadala sold 300 shares of Mettler-Toledo International stock in a transaction on Friday, August 8th. The shares were sold at an average price of $1,254.09, for a total value of $376,227.00. Following the completion of the transaction, the chief financial officer owned 5,095 shares of the company's stock, valued at approximately $6,389,588.55. The trade was a 5.56% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 2,424 shares of company stock worth $2,989,628. 1.94% of the stock is currently owned by insiders.

Mettler-Toledo International Price Performance

Mettler-Toledo International stock opened at $1,315.67 on Friday. The company has a market capitalization of $27.10 billion, a PE ratio of 33.32, a price-to-earnings-growth ratio of 3.94 and a beta of 1.34. Mettler-Toledo International, Inc. has a one year low of $946.69 and a one year high of $1,521.01. The business has a 50 day simple moving average of $1,215.67 and a 200 day simple moving average of $1,189.45.

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

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.

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