Mettler-Toledo International Inc. (NYSE:MTD) Shares Sold by National Pension Service

National Pension Service decreased its stake in Mettler-Toledo International Inc. (NYSE:MTD) by 2.0% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 33,368 shares of the medical instruments supplier’s stock after selling 671 shares during the period. National Pension Service’s holdings in Mettler-Toledo International were worth $40,832,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. Impax Asset Management Group plc boosted its holdings in shares of Mettler-Toledo International by 5.8% in the 4th quarter. Impax Asset Management Group plc now owns 198,852 shares of the medical instruments supplier’s stock valued at $243,331,000 after buying an additional 10,830 shares in the last quarter. Y Intercept Hong Kong Ltd acquired a new position in shares of Mettler-Toledo International in the 4th quarter valued at $825,000. Union Bancaire Privee UBP SA acquired a new position in shares of Mettler-Toledo International in the 4th quarter valued at $1,616,000. Suncoast Equity Management boosted its holdings in shares of Mettler-Toledo International by 10.7% in the 4th quarter. Suncoast Equity Management now owns 509 shares of the medical instruments supplier’s stock valued at $623,000 after buying an additional 49 shares in the last quarter. Finally, Boston Financial Mangement LLC boosted its holdings in shares of Mettler-Toledo International by 12.8% in the 4th quarter. Boston Financial Mangement LLC now owns 7,429 shares of the medical instruments supplier’s stock valued at $9,091,000 after buying an additional 843 shares in the last quarter. Institutional investors and hedge funds own 95.07% of the company’s stock.

Insider Activity at Mettler-Toledo International

In related news, insider Gerry Keller sold 140 shares of the stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $1,254.09, for a total value of $175,572.60. Following the sale, the insider now directly owns 6 shares of the company’s stock, valued at approximately $7,524.54. This represents a 95.89 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Christian Magloth sold 790 shares of the stock in a transaction dated Monday, February 24th. The shares were sold at an average price of $1,313.69, for a total transaction of $1,037,815.10. Following the completion of the sale, the insider now directly owns 734 shares in the company, valued at approximately $964,248.46. The trade was a 51.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,530 shares of company stock valued at $2,024,192. Insiders own 1.94% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on MTD. Robert W. Baird upped their target price on shares of Mettler-Toledo International from $1,362.00 to $1,369.00 and gave the company a “neutral” rating in a report on Monday, February 10th. Wells Fargo & Company increased their price target on shares of Mettler-Toledo International from $1,350.00 to $1,400.00 and gave the stock an “equal weight” rating in a research note on Monday, February 10th. Citigroup upgraded shares of Mettler-Toledo International from a “sell” rating to a “neutral” rating and increased their price target for the stock from $1,200.00 to $1,300.00 in a research note on Wednesday, December 11th. Evercore ISI increased their price target on shares of Mettler-Toledo International from $1,450.00 to $1,475.00 and gave the stock an “outperform” rating in a research note on Monday, February 10th. Finally, Wolfe Research started coverage on shares of Mettler-Toledo International in a research note on Friday, December 13th. They set a “peer perform” rating for the company. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $1,368.00.

Mettler-Toledo International Stock Performance

Shares of Mettler-Toledo International stock opened at $1,271.44 on Friday. The company has a market cap of $26.59 billion, a P/E ratio of 31.37, a PEG ratio of 3.30 and a beta of 1.13. Mettler-Toledo International Inc. has a one year low of $1,142.91 and a one year high of $1,546.93. The firm has a fifty day moving average of $1,291.19 and a two-hundred day moving average of $1,330.22.

Mettler-Toledo International (NYSE:MTD) last announced its quarterly earnings data on Thursday, February 13th. The medical instruments supplier reported $12.41 EPS for the quarter, topping analysts’ consensus estimates of $11.76 by $0.65. Mettler-Toledo International had a net margin of 22.29% and a negative return on equity of 591.54%. As a group, equities analysts predict that Mettler-Toledo International Inc. will post 42.71 earnings per share for the current year.

Mettler-Toledo International Profile

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.