National Pension Service Purchases 3,873 Shares of Mettler-Toledo International, Inc. $MTD

Key Points

• The National Pension Service increased its holdings in Mettler-Toledo International by 11.6% in Q1, owning 37,241 shares valued at $43.98 million.
• Institutional investors and hedge funds own 95.07% of Mettler-Toledo's stock, indicating strong institutional interest in the company.
• Mettler-Toledo recently reported earnings of $10.09 per share, exceeding analyst expectations, with a revenue rise of 3.9% year-over-year.

National Pension Service increased its holdings in Mettler-Toledo International, Inc. (NYSE:MTD - Free Report) by 11.6% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 37,241 shares of the medical instruments supplier's stock after purchasing an additional 3,873 shares during the quarter. National Pension Service owned 0.18% of Mettler-Toledo International worth $43,978,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in MTD. GAMMA Investing LLC raised its position in Mettler-Toledo International by 131,246.3% in the 1st quarter. GAMMA Investing LLC now owns 386,158 shares of the medical instruments supplier's stock worth $456,018,000 after purchasing an additional 385,864 shares during the period. T. Rowe Price Investment Management Inc. increased its position in shares of Mettler-Toledo International by 36.1% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 363,107 shares of the medical instruments supplier's stock valued at $444,327,000 after acquiring an additional 96,300 shares during the period. Nuveen LLC purchased a new position in shares of Mettler-Toledo International in the first quarter valued at about $71,897,000. Northern Trust Corp increased its position in shares of Mettler-Toledo International by 23.6% in the fourth quarter. Northern Trust Corp now owns 251,705 shares of the medical instruments supplier's stock valued at $308,006,000 after acquiring an additional 48,027 shares during the period. Finally, AustralianSuper Pty Ltd increased its position in shares of Mettler-Toledo International by 60.4% in the first quarter. AustralianSuper Pty Ltd now owns 114,986 shares of the medical instruments supplier's stock valued at $135,788,000 after acquiring an additional 43,313 shares during the period. Hedge funds and other institutional investors own 95.07% of the company's stock.

Mettler-Toledo International Stock Performance

Shares of NYSE MTD traded up $3.11 during midday trading on Monday, hitting $1,315.45. 127,985 shares of the company traded hands, compared to its average volume of 174,532. Mettler-Toledo International, Inc. has a 12-month low of $946.69 and a 12-month high of $1,521.01. The stock has a 50-day moving average price of $1,215.67 and a 200 day moving average price of $1,188.24. The firm has a market cap of $27.10 billion, a P/E ratio of 33.31, a P/E/G ratio of 3.94 and a beta of 1.34.

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

Insider Buying and Selling at Mettler-Toledo International

In other news, insider Gerry Keller sold 165 shares of the stock in a transaction on Thursday, August 14th. The shares were sold at an average price of $1,308.64, for a total value of $215,925.60. Following the completion of the sale, the insider directly owned 94 shares of the company's stock, valued at $123,012.16. This represents a 63.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Michael A. Kelly sold 1,062 shares of the stock in a transaction on Wednesday, May 28th. The stock was sold at an average price of $1,159.93, for a total transaction of $1,231,845.66. Following the completion of the sale, the director directly owned 120 shares of the company's stock, valued at approximately $139,191.60. This trade represents a 89.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 2,589 shares of company stock valued at $3,205,554 in the last ninety days. Corporate insiders own 0.77% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. UBS Group upgraded shares of Mettler-Toledo International from a "neutral" rating to a "buy" rating and decreased their price objective for the company from $1,530.00 to $1,350.00 in a research report on Tuesday, May 20th. Bank of America boosted their price objective on shares of Mettler-Toledo International from $1,200.00 to $1,260.00 and gave the company a "neutral" rating in a research report on Thursday, June 26th. Robert W. Baird boosted their price objective on shares of Mettler-Toledo International from $1,210.00 to $1,230.00 and gave the company a "neutral" rating in a research report on Monday, August 4th. Wells Fargo & Company boosted their price objective on shares of Mettler-Toledo International from $1,125.00 to $1,200.00 and gave the company an "equal weight" rating in a research report on Monday, May 5th. Finally, Barclays assumed coverage on shares of Mettler-Toledo International in a research report on Tuesday, June 24th. They set an "overweight" rating and a $1,325.00 price target on the stock. Six equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $1,288.89.

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.