Fjarde AP Fonden Fourth Swedish National Pension Fund Sells 200 Shares of Mettler-Toledo International Inc. (NYSE:MTD)

Fjarde AP Fonden Fourth Swedish National Pension Fund reduced its holdings in shares of Mettler-Toledo International Inc. (NYSE:MTD) by 4.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,106 shares of the medical instruments supplier’s stock after selling 200 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Mettler-Toledo International were worth $5,024,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in MTD. Huntington National Bank lifted its position in Mettler-Toledo International by 20.0% in the 3rd quarter. Huntington National Bank now owns 54 shares of the medical instruments supplier’s stock valued at $81,000 after acquiring an additional 9 shares in the last quarter. Townsquare Capital LLC lifted its stake in Mettler-Toledo International by 2.0% during the 3rd quarter. Townsquare Capital LLC now owns 462 shares of the medical instruments supplier’s stock valued at $693,000 after acquiring an additional 9 shares in the last quarter. M3 Advisory Group LLC lifted its stake in Mettler-Toledo International by 5.8% during the 4th quarter. M3 Advisory Group LLC now owns 165 shares of the medical instruments supplier’s stock valued at $202,000 after acquiring an additional 9 shares in the last quarter. Apollon Wealth Management LLC boosted its position in Mettler-Toledo International by 2.5% in the fourth quarter. Apollon Wealth Management LLC now owns 368 shares of the medical instruments supplier’s stock worth $451,000 after purchasing an additional 9 shares during the last quarter. Finally, HM Payson & Co. boosted its holdings in shares of Mettler-Toledo International by 2.1% in the 3rd quarter. HM Payson & Co. now owns 541 shares of the medical instruments supplier’s stock worth $811,000 after buying an additional 11 shares during the last quarter. 95.07% of the stock is owned by institutional investors.

Insider Activity

In other Mettler-Toledo International news, insider Gerry Keller sold 600 shares of the firm’s stock in a transaction on Monday, February 10th. The shares were sold at an average price of $1,351.34, for a total value of $810,804.00. Following the sale, the insider now owns 6 shares of the company’s stock, valued at $8,108.04. This trade represents a 99.01 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.94% of the company’s stock.

Mettler-Toledo International Stock Up 0.0 %

NYSE:MTD opened at $1,310.50 on Wednesday. The business’s 50-day moving average price is $1,287.86 and its two-hundred day moving average price is $1,331.78. The stock has a market cap of $27.42 billion, a P/E ratio of 32.33, a PEG ratio of 3.30 and a beta of 1.13. Mettler-Toledo International Inc. has a twelve month low of $1,142.91 and a twelve month high of $1,546.93.

Mettler-Toledo International (NYSE:MTD) last issued its quarterly earnings results on Thursday, February 13th. The medical instruments supplier reported $12.41 earnings per share (EPS) for the quarter, topping the consensus estimate 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%. On average, equities research analysts expect that Mettler-Toledo International Inc. will post 42.71 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on MTD shares. Wolfe Research started coverage on Mettler-Toledo International in a research note on Friday, December 13th. They set a “peer perform” rating for the company. Wells Fargo & Company raised their price target on 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. Robert W. Baird boosted their price objective on Mettler-Toledo International from $1,362.00 to $1,369.00 and gave the company a “neutral” rating in a research note on Monday, February 10th. Citigroup raised Mettler-Toledo International from a “sell” rating to a “neutral” rating and increased their price objective for the stock from $1,200.00 to $1,300.00 in a report on Wednesday, December 11th. Finally, Evercore ISI lifted their target price on Mettler-Toledo International from $1,450.00 to $1,475.00 and gave the company an “outperform” rating in a report on Monday, February 10th. One 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 data from MarketBeat.com, Mettler-Toledo International currently has a consensus rating of “Hold” and a consensus price target of $1,368.00.

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.