Mettler-Toledo International Inc. (NYSE:MTD) Shares Bought by Swiss National Bank

Swiss National Bank boosted its stake in shares of Mettler-Toledo International Inc. (NYSE:MTD) by 0.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 63,400 shares of the medical instruments supplier’s stock after acquiring an additional 100 shares during the quarter. Swiss National Bank’s holdings in Mettler-Toledo International were worth $95,081,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in MTD. PineStone Asset Management Inc. lifted its position in Mettler-Toledo International by 127.4% during the 2nd quarter. PineStone Asset Management Inc. now owns 259,629 shares of the medical instruments supplier’s stock worth $362,855,000 after acquiring an additional 145,453 shares during the period. Capital International Investors lifted its holdings in shares of Mettler-Toledo International by 15.1% in the 1st quarter. Capital International Investors now owns 1,075,420 shares of the medical instruments supplier’s stock valued at $1,431,696,000 after buying an additional 141,431 shares during the period. International Assets Investment Management LLC lifted its holdings in shares of Mettler-Toledo International by 149,870.0% in the 3rd quarter. International Assets Investment Management LLC now owns 89,982 shares of the medical instruments supplier’s stock valued at $134,946,000 after buying an additional 89,922 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in shares of Mettler-Toledo International by 88.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 122,655 shares of the medical instruments supplier’s stock valued at $163,290,000 after buying an additional 57,509 shares during the period. Finally, Massachusetts Financial Services Co. MA lifted its holdings in shares of Mettler-Toledo International by 32.5% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 142,944 shares of the medical instruments supplier’s stock valued at $199,777,000 after buying an additional 35,048 shares during the period. 95.07% of the stock is owned by institutional investors and hedge funds.

Mettler-Toledo International Stock Performance

Mettler-Toledo International stock opened at $1,174.56 on Tuesday. The stock has a fifty day moving average of $1,377.82 and a two-hundred day moving average of $1,401.85. The company has a market capitalization of $24.78 billion, a price-to-earnings ratio of 31.67, a PEG ratio of 3.89 and a beta of 1.16. Mettler-Toledo International Inc. has a fifty-two week low of $1,041.49 and a fifty-two week high of $1,546.93.

Mettler-Toledo International (NYSE:MTD) last announced its quarterly earnings data on Thursday, November 7th. The medical instruments supplier reported $10.21 EPS for the quarter, beating analysts’ consensus estimates of $10.00 by $0.21. The business had revenue of $954.54 million during the quarter, compared to the consensus estimate of $941.93 million. Mettler-Toledo International had a negative return on equity of 531.78% and a net margin of 21.15%. On average, analysts forecast that Mettler-Toledo International Inc. will post 40.39 EPS for the current fiscal year.

Analysts Set New Price Targets

MTD has been the subject of several recent analyst reports. Wells Fargo & Company reduced their price target on Mettler-Toledo International from $1,400.00 to $1,350.00 and set an “equal weight” rating for the company in a report on Monday, November 11th. JPMorgan Chase & Co. raised their price target on Mettler-Toledo International from $1,300.00 to $1,400.00 and gave the company a “neutral” rating in a report on Monday, August 5th. Robert W. Baird reduced their price target on Mettler-Toledo International from $1,375.00 to $1,310.00 and set a “neutral” rating for the company in a report on Monday, November 11th. Stifel Nicolaus dropped their price objective on Mettler-Toledo International from $1,550.00 to $1,450.00 and set a “buy” rating for the company in a research note on Monday, November 11th. Finally, Evercore ISI raised their price objective on Mettler-Toledo International from $1,375.00 to $1,450.00 and gave the company an “in-line” rating in a research note on Tuesday, October 1st. Two analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, Mettler-Toledo International has an average rating of “Hold” and an average target price of $1,338.75.

Insider Activity at Mettler-Toledo International

In other Mettler-Toledo International news, Director Elisha W. Finney sold 76 shares of the business’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $1,311.75, for a total transaction of $99,693.00. Following the transaction, the director now owns 240 shares in the company, valued at $314,820. The trade was a 24.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.94% of the stock is owned by 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.