Mettler-Toledo International, Inc. $MTD Shares Acquired by PensionDanmark Pensionsforsikringsaktieselskab

Key Points

• PensionDanmark increased its Mettler-Toledo stake by 27.4% in the second quarter, bringing its holdings to 7,342 shares valued at approximately $9.4 million. Institutional investors collectively own 95.07% of the company.
• Mettler-Toledo reported quarterly earnings of $11.46 per share, beating estimates of $10.78, while revenue reached $1.03 billion and rose 4.5% year over year.
• Analyst sentiment remains mixed: the stock has a consensus “Hold” rating and an average price target of $1,461.27, while several firms recently raised their targets. Shares opened at $1,429.14, near the upper end of their 12-month range.

PensionDanmark Pensionsforsikringsaktieselskab lifted its stake in shares of Mettler-Toledo International, Inc. (NYSE:MTD - Free Report) by 27.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,342 shares of the medical instruments supplier's stock after buying an additional 1,577 shares during the quarter. 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 hedge funds have also recently modified their holdings of the stock. Capital International Investors boosted its stake in Mettler-Toledo International by 12.7% in the fourth quarter. Capital International Investors now owns 969,067 shares of the medical instruments supplier's stock valued at $1,351,064,000 after acquiring an additional 109,508 shares in the last quarter. T. Rowe Price Investment Management Inc. lifted its holdings in shares of Mettler-Toledo International by 0.5% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 691,565 shares of the medical instruments supplier's stock valued at $964,174,000 after purchasing an additional 3,157 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Mettler-Toledo International by 2.4% in the 4th quarter. Geode Capital Management LLC now owns 597,448 shares of the medical instruments supplier's stock valued at $830,879,000 after purchasing an additional 14,106 shares during the period. Norges Bank purchased a new position in Mettler-Toledo International during the 4th quarter worth approximately $520,989,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Mettler-Toledo International by 0.4% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 272,829 shares of the medical instruments supplier's stock worth $380,375,000 after buying an additional 1,052 shares during the period. 95.07% of the stock is owned by hedge funds and other institutional investors.

Mettler-Toledo International Trading Up 0.6%

NYSE: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 company has a current ratio of 1.12, a quick ratio of 0.78 and a debt-to-equity ratio of 159.45. The stock's 50 day simple moving average is $1,267.38 and its 200-day simple moving average is $1,274.21. The firm 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.

Mettler-Toledo International (NYSE:MTD - Get Free Report) last issued its quarterly earnings results on Friday, July 31st. The medical instruments supplier reported $11.46 earnings per share for the quarter, topping the consensus estimate of $10.78 by $0.68. The firm had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $1.03 billion. Mettler-Toledo International had a negative return on equity of 1,212.14% and a net margin of 21.91%.The company's revenue for the quarter was up 4.5% on a year-over-year basis. During the same period last year, the company earned $10.09 earnings per share. Equities analysts anticipate that Mettler-Toledo International, Inc. will post 47.35 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on MTD. Wells Fargo & Company raised their target price on shares of Mettler-Toledo International from $1,225.00 to $1,450.00 and gave the stock an "equal weight" rating in a research report on Monday, August 3rd. Stifel Nicolaus upped their price target on shares of Mettler-Toledo International from $1,400.00 to $1,600.00 and gave the company a "buy" rating in a research report on Monday, August 3rd. Barclays raised their price objective on shares of Mettler-Toledo International from $1,300.00 to $1,575.00 and gave the stock an "overweight" rating in a research report on Monday, August 3rd. JPMorgan Chase & Co. dropped their price objective on shares of Mettler-Toledo International from $1,413.00 to $1,200.00 and set a "neutral" rating on the stock in a research note on Monday, May 11th. Finally, Morgan Stanley upped their target price on shares of Mettler-Toledo International from $1,275.00 to $1,450.00 and gave the company an "equal weight" rating in a report on Tuesday, August 4th. Six analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $1,461.27.

Insider Transactions at Mettler-Toledo International

In other news, Director Thomas P. Salice sold 417 shares of Mettler-Toledo International stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $1,440.41, for a total value of $600,650.97. Following the sale, the director owned 292 shares of the company's stock, valued at $420,599.72. The trade was a 58.82% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Shawn Vadala sold 2,240 shares of the business's stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $1,432.00, for a total transaction of $3,207,680.00. Following the transaction, the chief financial officer owned 5,579 shares in the company, valued at approximately $7,989,128. This trade represents a 28.65% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 3,312 shares of company stock worth $4,750,362. Company insiders own 0.71% of the company's stock.

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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