Mettler-Toledo International, Inc. $MTD Shares Purchased by National Pension Service

Key Points

• National Pension Service increased its Mettler-Toledo stake by 7.9% in the second quarter, adding 2,916 shares for a total position valued at approximately $50.7 million. Institutional investors collectively own 95.07% of the company.
• Mettler-Toledo reported quarterly earnings of $11.46 per share, beating estimates by $0.68, while revenue rose 4.5% year over year to $1.03 billion.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and an average price target of $1,446.36; meanwhile, company insiders sold 4,254 shares worth about $6.1 million in the latest quarter.

National Pension Service grew its position in shares of Mettler-Toledo International, Inc. (NYSE:MTD - Free Report) by 7.9% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 39,696 shares of the medical instruments supplier's stock after purchasing an additional 2,916 shares during the quarter. National Pension Service owned approximately 0.20% of Mettler-Toledo International worth $50,712,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in MTD. Whipplewood Advisors LLC acquired a new stake in shares of Mettler-Toledo International in the 1st quarter valued at about $25,000. Reflection Asset Management acquired a new position in Mettler-Toledo International during the fourth quarter worth approximately $26,000. Edmond DE Rothschild Holding S.A. acquired a new position in Mettler-Toledo International during the second quarter worth approximately $26,000. Elyxium Wealth LLC purchased a new stake in Mettler-Toledo International in the fourth quarter valued at approximately $29,000. Finally, Transamerica Financial Advisors LLC acquired a new stake in shares of Mettler-Toledo International in the second quarter valued at approximately $32,000. Institutional investors and hedge funds own 95.07% of the company's stock.

Mettler-Toledo International Stock Up 1.0%

MTD opened at $1,293.95 on Friday. The company has a debt-to-equity ratio of 159.45, a current ratio of 1.12 and a quick ratio of 0.78. 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 capitalization of $25.93 billion, a P/E ratio of 29.12, a P/E/G ratio of 2.59 and a beta of 1.22. The business has a 50 day simple moving average of $1,363.24 and a 200-day simple moving average of $1,272.57.

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

Analysts Set New Price Targets

Several analysts recently commented on MTD shares. Wells Fargo & Company upped their price target on shares of Mettler-Toledo International from $1,225.00 to $1,450.00 and gave the company an "equal weight" rating in a research report on Monday, August 3rd. Rothschild & Co Redburn started coverage on shares of Mettler-Toledo International in a report on Wednesday, September 2nd. They issued a "sell" rating and a $1,200.00 target price for the company. Morgan Stanley raised their price target 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 started coverage on Mettler-Toledo International in a research note on Tuesday, June 2nd. They set a "peer perform" rating for the company. Finally, UBS Group assumed coverage on Mettler-Toledo International in a research note on Wednesday. They issued a "neutral" rating and a $1,460.00 target price on the stock. Six equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $1,446.36.

Insider Activity at Mettler-Toledo International

In other news, CEO Patrick Kaltenbach sold 942 shares of Mettler-Toledo International stock in a transaction that occurred on Thursday, August 27th. The shares were sold at an average price of $1,425.00, for a total transaction of $1,342,350.00. Following the completion of the sale, the chief executive officer directly owned 4,480 shares in the company, valued at approximately $6,384,000. This trade represents a 17.37% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Gerry Keller sold 240 shares of the business's stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $1,427.14, for a total value of $342,513.60. Following the sale, the insider directly owned 259 shares in the company, valued at $369,629.26. This trade represents a 48.10% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 4,254 shares of company stock valued at $6,092,712. Company insiders own 0.71% of the company's stock.

Mettler-Toledo International Profile

Mettler-Toledo International Inc develops and manufactures precision instruments and related services for laboratory, industrial and retail applications. Its products include laboratory balances and scales, analytical instruments, pipettes, automated chemistry systems, titration and thermal analysis equipment, and process analytics solutions.

The company also provides industrial weighing and measurement systems, product inspection technologies such as metal detection, checkweighing and vision inspection, and software and services that support manufacturing, quality control and regulatory compliance.

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