Mettler-Toledo International Inc. (NYSE:MTD) Shares Sold by National Pension Service

National Pension Service lessened its position in Mettler-Toledo International Inc. (NYSE:MTD – Get Rating) by 2.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 31,117 shares of the medical instruments supplier’s stock after selling 904 shares during the period. National Pension Service’s holdings in Mettler-Toledo International were worth $34,132,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of MTD. M&T Bank Corp grew its holdings in Mettler-Toledo International by 35.1% in the third quarter. M&T Bank Corp now owns 12,865 shares of the medical instruments supplier’s stock valued at $13,949,000 after purchasing an additional 3,340 shares during the period. Telemetry Investments L.L.C. purchased a new stake in Mettler-Toledo International in the third quarter valued at approximately $201,000. Kayne Anderson Rudnick Investment Management LLC grew its holdings in Mettler-Toledo International by 3.6% in the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 64,147 shares of the medical instruments supplier’s stock valued at $69,543,000 after purchasing an additional 2,208 shares during the period. Kentucky Retirement Systems Insurance Trust Fund grew its holdings in Mettler-Toledo International by 4.1% in the third quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 807 shares of the medical instruments supplier’s stock valued at $875,000 after purchasing an additional 32 shares during the period. Finally, Kentucky Retirement Systems grew its stake in Mettler-Toledo International by 4.7% during the third quarter. Kentucky Retirement Systems now owns 1,762 shares of the medical instruments supplier’s stock worth $1,910,000 after buying an additional 79 shares during the period. Institutional investors and hedge funds own 91.94% of the company’s stock.

Analysts Set New Price Targets

MTD has been the subject of several research reports. JPMorgan Chase & Co. upgraded shares of Mettler-Toledo International from an “underweight” rating to a “neutral” rating and boosted their price objective for the stock from $1,100.00 to $1,350.00 in a research note on Monday, December 19th. Citigroup boosted their price objective on shares of Mettler-Toledo International from $1,350.00 to $1,525.00 and gave the stock a “neutral” rating in a research note on Monday, February 13th. Robert W. Baird boosted their target price on shares of Mettler-Toledo International from $1,284.00 to $1,513.00 and gave the stock a “neutral” rating in a research report on Monday, February 13th. TheStreet raised shares of Mettler-Toledo International from a “c+” rating to a “b-” rating in a research report on Thursday, February 2nd. Finally, Wells Fargo & Company upped their price target on shares of Mettler-Toledo International from $1,650.00 to $1,675.00 and gave the company an “overweight” rating in a report on Monday, February 13th. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $1,450.71.

Mettler-Toledo International Stock Up 2.2 %

Shares of NYSE:MTD opened at $1,469.86 on Friday. The stock has a market capitalization of $32.49 billion, a price-to-earnings ratio of 38.22, a price-to-earnings-growth ratio of 2.36 and a beta of 1.18. Mettler-Toledo International Inc. has a 1-year low of $1,065.55 and a 1-year high of $1,609.25. The company’s fifty day moving average is $1,509.49 and its two-hundred day moving average is $1,378.37. The company has a debt-to-equity ratio of 76.98, a quick ratio of 0.81 and a current ratio of 1.20.

Mettler-Toledo International (NYSE:MTD – Get Rating) last released its quarterly earnings results on Friday, February 10th. The medical instruments supplier reported $12.10 EPS for the quarter, topping the consensus estimate of $11.63 by $0.47. The business had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.03 billion. Mettler-Toledo International had a net margin of 22.26% and a return on equity of 10,609.85%. The company’s quarterly revenue was up 2.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $10.53 earnings per share. Equities analysts anticipate that Mettler-Toledo International Inc. will post 44 EPS for the current year.

Insider Transactions at Mettler-Toledo International

In other news, Director Wah-Hui Chu sold 300 shares of the company’s stock in a transaction dated Thursday, March 2nd. The shares were sold at an average price of $1,450.00, for a total transaction of $435,000.00. Following the completion of the transaction, the director now owns 4,290 shares in the company, valued at $6,220,500. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Wah-Hui Chu sold 300 shares of the company’s stock in a transaction dated Thursday, March 2nd. The shares were sold at an average price of $1,450.00, for a total transaction of $435,000.00. Following the completion of the transaction, the director now owns 4,290 shares in the company, valued at $6,220,500. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Robert F. Spoerry sold 1,000 shares of the company’s stock in a transaction dated Tuesday, February 14th. The stock was sold at an average price of $1,565.00, for a total transaction of $1,565,000.00. Following the transaction, the director now owns 6,548 shares of the company’s stock, valued at approximately $10,247,620. The disclosure for this sale can be found here. Over the last quarter, insiders sold 18,022 shares of company stock worth $26,391,416. Insiders own 2.80% of the company’s stock.

Mettler-Toledo International Profile

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Mettler-Toledo International, Inc engages in the provision of precision instruments and services. The firm manufactures weighing instruments for use in laboratory, industrial, packaging, logistics, and food retailing applications. It also manufactures several related analytical instruments and provides automated chemistry solutions used in drug and chemical compound discovery and development, metal detection and other end-of-line inspection systems used in production and packaging and provides solutions for use in certain process analytics applications.