Handelsbanken Fonder AB Increases Position in Mettler-Toledo International Inc. (NYSE:MTD)

Handelsbanken Fonder AB lifted its holdings in Mettler-Toledo International Inc. (NYSE:MTD) by 14.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,913 shares of the medical instruments supplier’s stock after purchasing an additional 1,618 shares during the period. Handelsbanken Fonder AB owned about 0.06% of Mettler-Toledo International worth $15,801,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Blue Trust Inc. increased its stake in Mettler-Toledo International by 242.9% during the 3rd quarter. Blue Trust Inc. now owns 24 shares of the medical instruments supplier’s stock worth $34,000 after buying an additional 17 shares in the last quarter. Ashton Thomas Securities LLC purchased a new stake in Mettler-Toledo International during the 3rd quarter worth approximately $37,000. Sound Income Strategies LLC increased its stake in Mettler-Toledo International by 4,500.0% during the 4th quarter. Sound Income Strategies LLC now owns 46 shares of the medical instruments supplier’s stock worth $56,000 after buying an additional 45 shares in the last quarter. Whittier Trust Co. of Nevada Inc. increased its stake in Mettler-Toledo International by 60.0% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 48 shares of the medical instruments supplier’s stock worth $72,000 after buying an additional 18 shares in the last quarter. Finally, Huntington National Bank increased its stake in Mettler-Toledo International by 20.0% during the 3rd quarter. Huntington National Bank now owns 54 shares of the medical instruments supplier’s stock worth $81,000 after buying an additional 9 shares in the last quarter. Hedge funds and other institutional investors own 95.07% of the company’s stock.

Mettler-Toledo International Trading Down 1.3 %

Mettler-Toledo International stock opened at $1,285.67 on Friday. Mettler-Toledo International Inc. has a twelve month low of $1,142.91 and a twelve month high of $1,546.93. The stock’s fifty day simple moving average is $1,285.38 and its 200-day simple moving average is $1,334.09. The firm has a market capitalization of $26.90 billion, a P/E ratio of 31.72, a P/E/G ratio of 3.30 and a beta of 1.13.

Mettler-Toledo International (NYSE:MTD) last posted its earnings results on Thursday, February 13th. The medical instruments supplier reported $12.41 EPS for the quarter, beating 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%. Sell-side analysts predict that Mettler-Toledo International Inc. will post 42.71 earnings per share for the current year.

Insider Activity at Mettler-Toledo International

In related news, insider Gerry Keller sold 600 shares of the stock in a transaction on Monday, February 10th. The stock was sold at an average price of $1,351.34, for a total value of $810,804.00. Following the transaction, the insider now owns 6 shares of the company’s stock, valued at $8,108.04. This represents a 99.01 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 1.94% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. Citigroup upgraded Mettler-Toledo International from a “sell” rating to a “neutral” rating and boosted their target price for the stock from $1,200.00 to $1,300.00 in a report on Wednesday, December 11th. Wells Fargo & Company boosted their target price 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. Wolfe Research assumed coverage on Mettler-Toledo International in a report on Friday, December 13th. They set a “peer perform” rating on the stock. Robert W. Baird boosted their target price on Mettler-Toledo International from $1,362.00 to $1,369.00 and gave the stock a “neutral” rating in a report on Monday, February 10th. Finally, Evercore ISI boosted their target price on Mettler-Toledo International from $1,450.00 to $1,475.00 and gave the stock an “outperform” rating in a report on Monday, February 10th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average 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.