Swiss National Bank Has $82.97 Million Holdings in Mettler-Toledo International Inc. (NYSE:MTD)

Swiss National Bank lowered its position in Mettler-Toledo International Inc. (NYSE:MTD) by 3.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 68,400 shares of the medical instruments supplier’s stock after selling 2,400 shares during the period. Swiss National Bank owned 0.32% of Mettler-Toledo International worth $82,966,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. MV Capital Management Inc. raised its position in Mettler-Toledo International by 162.5% in the 4th quarter. MV Capital Management Inc. now owns 21 shares of the medical instruments supplier’s stock valued at $25,000 after purchasing an additional 13 shares during the last quarter. CVA Family Office LLC bought a new position in shares of Mettler-Toledo International in the fourth quarter valued at about $27,000. MCF Advisors LLC lifted its position in Mettler-Toledo International by 285.7% during the 4th quarter. MCF Advisors LLC now owns 27 shares of the medical instruments supplier’s stock worth $33,000 after buying an additional 20 shares in the last quarter. Allworth Financial LP grew its holdings in Mettler-Toledo International by 100.0% during the 4th quarter. Allworth Financial LP now owns 32 shares of the medical instruments supplier’s stock worth $39,000 after acquiring an additional 16 shares during the last quarter. Finally, Operose Advisors LLC acquired a new stake in Mettler-Toledo International in the 3rd quarter valued at about $43,000. 95.07% of the stock is owned by institutional investors and hedge funds.

Mettler-Toledo International Stock Performance

Shares of MTD stock opened at $1,251.95 on Friday. The firm’s 50 day moving average price is $1,279.84 and its two-hundred day moving average price is $1,182.26. Mettler-Toledo International Inc. has a 52-week low of $928.49 and a 52-week high of $1,496.86. The stock has a market cap of $26.78 billion, a PE ratio of 34.88, a PEG ratio of 3.42 and a beta of 1.16.

Mettler-Toledo International (NYSE:MTD) last posted its quarterly earnings results on Friday, February 9th. The medical instruments supplier reported $9.40 earnings per share for the quarter, missing analysts’ consensus estimates of $10.32 by ($0.92). The company had revenue of $934.90 million during the quarter, compared to analyst estimates of $959.45 million. Mettler-Toledo International had a net margin of 20.82% and a negative return on equity of 904.59%. The business’s revenue for the quarter was down 11.6% compared to the same quarter last year. During the same period last year, the company earned $12.10 EPS. As a group, sell-side analysts predict that Mettler-Toledo International Inc. will post 39.9 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on MTD shares. StockNews.com upgraded shares of Mettler-Toledo International from a “hold” rating to a “buy” rating in a research report on Monday, April 29th. Evercore ISI upped their price objective on Mettler-Toledo International from $1,200.00 to $1,300.00 and gave the stock an “in-line” rating in a report on Thursday, April 4th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $1,233.25.

Insider Transactions at Mettler-Toledo International

In related news, insider Christian Magloth sold 400 shares of the stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $1,278.73, for a total value of $511,492.00. Following the sale, the insider now directly owns 734 shares in the company, valued at approximately $938,587.82. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, insider Christian Magloth sold 400 shares of the firm’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $1,278.73, for a total transaction of $511,492.00. Following the sale, the insider now owns 734 shares of the company’s stock, valued at approximately $938,587.82. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Elisha W. Finney sold 251 shares of the business’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $1,177.35, for a total value of $295,514.85. Following the completion of the transaction, the director now directly owns 316 shares of the company’s stock, valued at $372,042.60. The disclosure for this sale can be found here. In the last ninety days, insiders sold 951 shares of company stock worth $1,170,256. 1.94% of the stock is currently owned by company insiders.

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.Its industrial instruments comprise industrial weighing instruments and related terminals, automatic dimensional measurement and data capture solutions, vehicle scale systems, industrial software, metal detection equipment, x-ray systems, check weighing equipment, camera-based imaging equipment, track-and-trace solutions, and product inspection systems.