Pensionfund Sabic Has $2.05 Million Stock Holdings in Mettler-Toledo International Inc. (NYSE:MTD)


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Pensionfund Sabic decreased its holdings in shares of Mettler-Toledo International Inc. (NYSE:MTD) by 25.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,770 shares of the medical instruments supplier’s stock after selling 600 shares during the period. Pensionfund Sabic’s holdings in Mettler-Toledo International were worth $2,046,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Balasa Dinverno & Foltz LLC acquired a new position in Mettler-Toledo International during the fourth quarter worth $264,000. IndexIQ Advisors LLC raised its holdings in Mettler-Toledo International by 88.1% during the fourth quarter. IndexIQ Advisors LLC now owns 331 shares of the medical instruments supplier’s stock worth $377,000 after buying an additional 155 shares during the last quarter. Barclays PLC raised its holdings in Mettler-Toledo International by 12.3% during the fourth quarter. Barclays PLC now owns 139,299 shares of the medical instruments supplier’s stock worth $158,757,000 after buying an additional 15,288 shares during the last quarter. Concord Wealth Partners acquired a new position in Mettler-Toledo International during the fourth quarter worth $105,000. Finally, UBS Asset Management Americas Inc. raised its holdings in shares of Mettler-Toledo International by 9.8% in the fourth quarter. UBS Asset Management Americas Inc. now owns 134,577 shares of the medical instruments supplier’s stock valued at $153,375,000 after purchasing an additional 11,980 shares during the last quarter. Hedge funds and other institutional investors own 93.18% of the company’s stock.

MTD opened at $1,199.84 on Thursday. The firm has a market cap of $27.98 billion, a P/E ratio of 50.48, a PEG ratio of 3.58 and a beta of 1.04. The firm has a 50-day moving average of $1,122.71 and a 200 day moving average of $1,121.71. The company has a debt-to-equity ratio of 2.64, a quick ratio of 0.99 and a current ratio of 1.37. Mettler-Toledo International Inc. has a fifty-two week low of $661.32 and a fifty-two week high of $1,271.67.

Mettler-Toledo International (NYSE:MTD) last posted its quarterly earnings results on Thursday, February 4th. The medical instruments supplier reported $9.26 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $8.72 by $0.54. The company had revenue of $937.99 million during the quarter, compared to analyst estimates of $903.92 million. Mettler-Toledo International had a net margin of 19.36% and a return on equity of 144.89%. During the same quarter in the prior year, the business earned $7.78 earnings per share. Equities research analysts predict that Mettler-Toledo International Inc. will post 25 earnings per share for the current fiscal year.

Several brokerages have recently commented on MTD. Smith Barney Citigroup increased their target price on shares of Mettler-Toledo International from $1,150.00 to $1,200.00 in a report on Wednesday, December 16th. Cleveland Research upgraded shares of Mettler-Toledo International from a “neutral” rating to a “buy” rating in a report on Thursday, December 17th. Zacks Investment Research upgraded shares of Mettler-Toledo International from a “hold” rating to a “buy” rating and set a $1,255.00 target price for the company in a report on Tuesday, February 9th. Wells Fargo & Company increased their target price on shares of Mettler-Toledo International from $1,100.00 to $1,300.00 and gave the company an “equal weight” rating in a report on Friday, February 5th. Finally, Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell increased their target price on shares of Mettler-Toledo International from $1,150.00 to $1,200.00 in a report on Wednesday, December 16th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $968.10.

In other Mettler-Toledo International news, CEO Patrick Kaltenbach bought 50 shares of the business’s stock in a transaction on Wednesday, February 17th. The stock was purchased at an average price of $1,170.00 per share, for a total transaction of $58,500.00. Following the completion of the transaction, the chief executive officer now directly owns 1,266 shares of the company’s stock, valued at $1,481,220. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, insider La Guerroniere Marc De sold 6,000 shares of the stock in a transaction dated Thursday, February 11th. The stock was sold at an average price of $1,202.28, for a total transaction of $7,213,680.00. Following the transaction, the insider now owns 10,796 shares of the company’s stock, valued at approximately $12,979,814.88. The disclosure for this sale can be found here. Insiders have sold 15,700 shares of company stock valued at $18,886,523 in the last quarter. Company insiders own 3.20% of the company’s stock.

Mettler-Toledo International Company Profile

Mettler-Toledo International Inc manufactures and supplies precision instruments and services worldwide. It operates in five segments: U.S. Operations, Swiss Operations, Western European Operations, Chinese Operations, and Other. The company offers weighing instruments for laboratory, industrial, packaging, logistics, and food retailing applications; various related analytical instruments and automated chemistry solutions used in drug and chemical compound discovery and development; metal detection and other end-of-line product inspection systems used in production and packaging for food processing and packaging, pharmaceutical, packaged consumer goods, and other industries; and solutions that are used in various process analytics applications.

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Institutional Ownership by Quarter for Mettler-Toledo International (NYSE:MTD)

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