Nykredit A S Invests $6.55 Million in Mettler-Toledo International, Inc. $MTD

Key Points

• Nykredit A/S purchased a new $6.55 million stake in Mettler-Toledo International during the second quarter, while institutional investors and hedge funds collectively own 95.07% of the company.
• Mettler-Toledo reported quarterly earnings of $11.46 per share, exceeding estimates of $10.78, while revenue reached $1.03 billion and rose 4.5% year over year.
• Analyst sentiment is mixed: the stock has a consensus “Hold” rating and a $1,446.36 average price target. Shares opened at $1,435.52, up 3.1%, while company insiders have sold more than $6.09 million of stock over the past 90 days.

Nykredit A S purchased a new stake in shares of Mettler-Toledo International, Inc. (NYSE:MTD - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 5,124 shares of the medical instruments supplier's stock, valued at approximately $6,546,000.

Other institutional investors and hedge funds have also modified their holdings of the company. BlackRock Inc. bought a new stake in Mettler-Toledo International during the second quarter valued at about $2,404,713,000. Capital International Investors increased its stake in shares of 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 worth $1,351,064,000 after purchasing an additional 109,508 shares during the period. T. Rowe Price Investment Management Inc. increased its stake in shares of Mettler-Toledo International by 0.5% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 691,565 shares of the medical instruments supplier's stock worth $964,174,000 after purchasing an additional 3,157 shares during the period. Geode Capital Management LLC lifted its position in shares of Mettler-Toledo International by 2.4% during the 4th quarter. Geode Capital Management LLC now owns 597,448 shares of the medical instruments supplier's stock worth $830,879,000 after purchasing an additional 14,106 shares during the last quarter. Finally, Bank of New York Mellon Corp acquired a new position in shares of Mettler-Toledo International during the 2nd quarter worth about $762,553,000. Institutional investors and hedge funds own 95.07% of the company's stock.

Mettler-Toledo International Stock Up 3.1%

NYSE:MTD opened at $1,435.52 on Tuesday. Mettler-Toledo International, Inc. has a 1 year low of $1,023.05 and a 1 year 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 has a market cap of $28.77 billion, a price-to-earnings ratio of 32.31, a PEG ratio of 2.79 and a beta of 1.22. The stock has a 50-day moving average price of $1,373.52 and a two-hundred day moving average price of $1,272.36.

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

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Barclays raised their target price on Mettler-Toledo International from $1,300.00 to $1,575.00 and gave the company an "overweight" rating in a report on Monday, August 3rd. UBS Group started coverage on Mettler-Toledo International in a research report on Wednesday, September 9th. They issued a "neutral" rating and a $1,460.00 price objective for the company. Jefferies Financial Group raised their price objective on shares of Mettler-Toledo International from $1,400.00 to $1,580.00 and gave the stock a "buy" rating in a research note on Friday, July 31st. Royal Bank Of Canada initiated coverage on shares of Mettler-Toledo International in a research report on Tuesday, September 1st. They set a "sector perform" rating and a $1,515.00 target price on the stock. Finally, Stifel Nicolaus raised their price target on shares of Mettler-Toledo International from $1,400.00 to $1,600.00 and gave the stock a "buy" rating in a research report on Monday, August 3rd. Six equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, Mettler-Toledo International has a consensus rating of "Hold" and a consensus target price of $1,446.36.

Insider Buying and Selling at Mettler-Toledo International

In related news, CFO Shawn Vadala sold 2,240 shares of the stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $1,432.00, for a total transaction of $3,207,680.00. Following the completion of the transaction, the chief financial officer owned 5,579 shares in the company, valued at approximately $7,989,128. This represents a 28.65% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Gerry Keller sold 240 shares of Mettler-Toledo International stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $1,427.14, for a total transaction of $342,513.60. Following the completion of the sale, the insider owned 259 shares in the company, valued at $369,629.26. The trade was a 48.10% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 4,254 shares of company stock worth $6,092,712. Company insiders own 0.71% of the company's stock.

About Mettler-Toledo International

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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