Mettler-Toledo International Inc. (NYSE:MTD) Shares Sold by Swiss National Bank

Swiss National Bank reduced its stake in shares of Mettler-Toledo International Inc. (NYSE:MTD) by 4.9% during the 4th quarter, HoldingsChannel reports. The firm owned 60,300 shares of the medical instruments supplier’s stock after selling 3,100 shares during the quarter. Swiss National Bank’s holdings in Mettler-Toledo International were worth $73,788,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. SBI Securities Co. Ltd. acquired a new stake in Mettler-Toledo International during the fourth quarter worth about $33,000. Blue Trust Inc. raised its position in shares of Mettler-Toledo International by 70.8% during the 4th quarter. Blue Trust Inc. now owns 41 shares of the medical instruments supplier’s stock valued at $50,000 after buying an additional 17 shares during the period. Whipplewood Advisors LLC purchased a new stake in shares of Mettler-Toledo International during the 4th quarter valued at approximately $54,000. Sound Income Strategies LLC lifted its holdings in Mettler-Toledo International by 4,500.0% in the fourth quarter. Sound Income Strategies LLC now owns 46 shares of the medical instruments supplier’s stock valued at $56,000 after acquiring an additional 45 shares during the last quarter. Finally, Farther Finance Advisors LLC grew its position in Mettler-Toledo International by 14.3% in the fourth quarter. Farther Finance Advisors LLC now owns 64 shares of the medical instruments supplier’s stock worth $78,000 after acquiring an additional 8 shares during the period. 95.07% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Mettler-Toledo International

In related news, insider Gerry Keller sold 600 shares of the business’s stock in a transaction on Monday, February 10th. The shares were sold at an average price of $1,351.34, for a total transaction of $810,804.00. Following the completion of the transaction, the insider now owns 6 shares in the company, valued at approximately $8,108.04. The trade was a 99.01 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Christian Magloth sold 790 shares of the stock in a transaction on Monday, February 24th. The shares were sold at an average price of $1,313.69, for a total value of $1,037,815.10. Following the completion of the transaction, the insider now directly owns 734 shares in the company, valued at $964,248.46. This trade represents a 51.84 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.94% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on MTD. Evercore ISI upped their price target on Mettler-Toledo International from $1,450.00 to $1,475.00 and gave the company an “outperform” rating in a research note on Monday, February 10th. 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 research report on Monday, February 10th. Wolfe Research initiated coverage on shares of Mettler-Toledo International in a research report on Friday, December 13th. They set a “peer perform” rating for the company. Wells Fargo & Company upped their price objective on shares of Mettler-Toledo International from $1,350.00 to $1,400.00 and gave the stock an “equal weight” rating in a report on Monday, February 10th. Finally, Citigroup cut their target price on Mettler-Toledo International from $1,450.00 to $1,400.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 4th. One analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $1,380.50.

Mettler-Toledo International Stock Up 2.4 %

Shares of MTD stock opened at $1,231.32 on Friday. The firm has a 50 day moving average of $1,295.03 and a two-hundred day moving average of $1,317.46. The stock has a market capitalization of $25.75 billion, a PE ratio of 30.38, a P/E/G ratio of 3.30 and a beta of 1.15. Mettler-Toledo International Inc. has a 52 week low of $1,142.91 and a 52 week high of $1,546.93.

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

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.