National Pension Service Purchases 2,521 Shares of Mettler-Toledo International Inc. (NYSE:MTD)

National Pension Service raised its stake in Mettler-Toledo International Inc. (NYSE:MTD) by 8.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 34,039 shares of the medical instruments supplier’s stock after purchasing an additional 2,521 shares during the period. National Pension Service owned approximately 0.16% of Mettler-Toledo International worth $51,048,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in MTD. Family Firm Inc. acquired a new position in shares of Mettler-Toledo International in the 2nd quarter worth approximately $25,000. Blue Trust Inc. raised its position in shares of Mettler-Toledo International by 242.9% during the third quarter. Blue Trust Inc. now owns 24 shares of the medical instruments supplier’s stock worth $34,000 after acquiring an additional 17 shares during the last quarter. Rothschild Investment LLC acquired a new position in Mettler-Toledo International in the second quarter valued at approximately $42,000. Itau Unibanco Holding S.A. bought a new position in shares of Mettler-Toledo International in the 2nd quarter worth $42,000. Finally, Crewe Advisors LLC grew its position in shares of Mettler-Toledo International by 244.4% during the 2nd quarter. Crewe Advisors LLC now owns 31 shares of the medical instruments supplier’s stock worth $43,000 after buying an additional 22 shares during the period. 95.07% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts recently commented on the stock. Evercore ISI upped their price objective on shares of Mettler-Toledo International from $1,375.00 to $1,450.00 and gave the company an “in-line” rating in a research report on Tuesday, October 1st. JPMorgan Chase & Co. raised their price target on Mettler-Toledo International from $1,300.00 to $1,400.00 and gave the company a “neutral” rating in a research note on Monday, August 5th. The Goldman Sachs Group upped their target price on shares of Mettler-Toledo International from $1,150.00 to $1,300.00 and gave the company a “neutral” rating in a report on Tuesday, July 9th. Wells Fargo & Company initiated coverage on Mettler-Toledo International in a report on Tuesday, August 27th. They set an “equal weight” rating and a $1,400.00 price target for the company. Finally, StockNews.com upgraded Mettler-Toledo International from a “hold” rating to a “buy” rating in a report on Thursday, July 11th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $1,363.75.

Mettler-Toledo International Trading Up 1.6 %

NYSE MTD opened at $1,385.79 on Wednesday. The firm’s 50 day simple moving average is $1,401.48 and its 200 day simple moving average is $1,399.41. Mettler-Toledo International Inc. has a 1 year low of $953.28 and a 1 year high of $1,546.93. The firm has a market capitalization of $29.41 billion, a price-to-earnings ratio of 38.13, a P/E/G ratio of 3.92 and a beta of 1.16.

Insider Activity

In related news, insider Christian Magloth sold 1,000 shares of the firm’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $1,422.97, for a total value of $1,422,970.00. Following the sale, the insider now directly owns 734 shares of the company’s stock, valued at $1,044,459.98. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 1.94% of the company’s stock.

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.