Mettler-Toledo International, Inc. $MTD Shares Bought by Handelsbanken Fonder AB

Handelsbanken Fonder AB grew its position in Mettler-Toledo International, Inc. (NYSE:MTD) by 11.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,165 shares of the medical instruments supplier’s stock after purchasing an additional 1,446 shares during the period. Handelsbanken Fonder AB’s holdings in Mettler-Toledo International were worth $18,096,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Reflection Asset Management acquired a new position in Mettler-Toledo International during the fourth quarter valued at approximately $26,000. Whipplewood Advisors LLC acquired a new stake in shares of Mettler-Toledo International in the first quarter worth $25,000. Elyxium Wealth LLC purchased a new position in shares of Mettler-Toledo International in the 4th quarter valued at $29,000. DV Equities LLC acquired a new position in shares of Mettler-Toledo International during the 4th quarter valued at $40,000. Finally, Root Financial Partners LLC boosted its position in Mettler-Toledo International by 45.5% during the 1st quarter. Root Financial Partners LLC now owns 32 shares of the medical instruments supplier’s stock worth $40,000 after purchasing an additional 10 shares during the period. Institutional investors and hedge funds own 95.07% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Citigroup lowered their price target on Mettler-Toledo International from $1,700.00 to $1,550.00 and set a “buy” rating for the company in a report on Friday, May 8th. Wall Street Zen downgraded Mettler-Toledo International from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. Weiss Ratings upgraded Mettler-Toledo International from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, August 4th. Stifel Nicolaus upped their price target on Mettler-Toledo International from $1,400.00 to $1,600.00 and gave the stock a “buy” rating in a report on Monday, August 3rd. Finally, Robert W. Baird dropped their price objective on shares of Mettler-Toledo International from $1,445.00 to $1,194.00 and set a “neutral” rating on the stock in a research note on Monday, May 11th. Six equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, Mettler-Toledo International has an average rating of “Hold” and an average price target of $1,461.27.

Insiders Place Their Bets

In other Mettler-Toledo International news, insider Gerry Keller sold 240 shares of the business’s stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $1,427.14, for a total transaction of $342,513.60. Following the completion of the sale, the insider owned 259 shares in the company, valued at $369,629.26. The trade was a 48.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Thomas P. Salice sold 417 shares of the firm’s stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $1,440.41, for a total transaction of $600,650.97. Following the completion of the transaction, the director owned 292 shares in the company, valued at approximately $420,599.72. The trade was a 58.82% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 3,312 shares of company stock valued at $4,750,362 over the last 90 days. 0.71% of the stock is owned by company insiders.

Mettler-Toledo International Stock Performance

Shares of MTD stock opened at $1,438.05 on Thursday. The stock has a market capitalization of $28.82 billion, a price-to-earnings ratio of 32.37, a PEG ratio of 2.96 and a beta of 1.23. Mettler-Toledo International, Inc. has a one year low of $1,023.05 and a one year high of $1,525.17. The company’s 50-day simple moving average is $1,282.90 and its 200-day simple moving average is $1,273.02. The company has a debt-to-equity ratio of 159.45, a quick ratio of 0.78 and a current ratio of 1.12.

Mettler-Toledo International (NYSE:MTD) last announced its quarterly earnings data on Friday, July 31st. The medical instruments supplier reported $11.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $10.78 by $0.68. The firm had revenue of $1.03 billion for the quarter, compared to analysts’ expectations of $1.03 billion. Mettler-Toledo International had a negative return on equity of 1,212.14% and a net margin of 21.91%.Mettler-Toledo International’s revenue for the quarter was up 4.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $10.09 earnings per share. Equities analysts anticipate that Mettler-Toledo International, Inc. will post 47.35 earnings per share for the current fiscal year.

Mettler-Toledo International Profile

Mettler-Toledo International Inc is a global manufacturer and distributor of precision instruments and services for laboratory, industrial and food retail applications. The company’s product portfolio includes laboratory balances and analytical instruments, industrial weighing systems, process analytics and sensors, metal detection and x-ray inspection equipment, checkweighers, and a range of automated inspection and data-management solutions. Mettler-Toledo also provides software, calibration and lifecycle services intended to support compliance, quality control and operational efficiency across customer facilities.

The company serves a broad set of end markets including pharmaceutical and biotech laboratories, chemical and food processors, logistics and manufacturing operations, and retail environments where accurate weighing and inspection are critical.