Forsta AP Fonden Cuts Position in Mettler-Toledo International, Inc. (MTD)

Forsta AP Fonden cut its position in shares of Mettler-Toledo International, Inc. (NYSE:MTD) by 12.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,791 shares of the medical instruments supplier’s stock after selling 700 shares during the period. Forsta AP Fonden’s holdings in Mettler-Toledo International were worth $2,820,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the stock. Dimensional Fund Advisors LP boosted its stake in shares of Mettler-Toledo International by 1.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 87,081 shares of the medical instruments supplier’s stock worth $36,450,000 after buying an additional 1,250 shares in the last quarter. Quadrature Capital Ltd boosted its stake in shares of Mettler-Toledo International by 167.1% in the fourth quarter. Quadrature Capital Ltd now owns 3,400 shares of the medical instruments supplier’s stock worth $1,424,000 after buying an additional 2,127 shares in the last quarter. Teachers Advisors LLC boosted its stake in shares of Mettler-Toledo International by 7.6% in the fourth quarter. Teachers Advisors LLC now owns 37,697 shares of the medical instruments supplier’s stock worth $15,778,000 after buying an additional 2,672 shares in the last quarter. Kentucky Retirement Systems purchased a new stake in shares of Mettler-Toledo International during the fourth quarter worth $797,000. Finally, Kentucky Retirement Systems Insurance Trust Fund purchased a new stake in shares of Mettler-Toledo International during the fourth quarter worth $356,000. Institutional investors own 95.42% of the company’s stock.

Mettler-Toledo International, Inc. (NYSE MTD) opened at 600.90 on Wednesday. The stock has a 50 day moving average price of $595.58 and a 200-day moving average price of $515.26. Mettler-Toledo International, Inc. has a 12-month low of $383.71 and a 12-month high of $618.13. The firm has a market cap of $15.52 billion, a price-to-earnings ratio of 39.21 and a beta of 1.14.

Mettler-Toledo International (NYSE:MTD) last posted its earnings results on Thursday, May 4th. The medical instruments supplier reported $3.34 EPS for the quarter, beating the consensus estimate of $3.08 by $0.26. Mettler-Toledo International had a return on equity of 90.28% and a net margin of 16.04%. The firm had revenue of $594.57 million for the quarter, compared to analysts’ expectations of $571.30 million. During the same period last year, the firm earned $2.46 EPS. The firm’s revenue was up 10.2% compared to the same quarter last year. Equities analysts forecast that Mettler-Toledo International, Inc. will post $17.26 earnings per share for the current year.

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A number of equities research analysts have weighed in on MTD shares. Zacks Investment Research upgraded Mettler-Toledo International from a “hold” rating to a “buy” rating and set a $538.00 price objective for the company in a research note on Wednesday, April 12th. Cleveland Research upgraded Mettler-Toledo International from a “neutral” rating to a “buy” rating in a research note on Wednesday, April 19th. Bank of America Corporation boosted their price objective on Mettler-Toledo International from $590.00 to $630.00 and gave the company a “buy” rating in a research note on Wednesday, May 31st. BidaskClub cut Mettler-Toledo International from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, June 13th. Finally, Jefferies Group LLC reiterated a “hold” rating and issued a $550.00 price objective on shares of Mettler-Toledo International in a research note on Tuesday, June 20th. Five research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. Mettler-Toledo International presently has an average rating of “Buy” and a consensus target price of $523.43.

In other news, CFO Shawn Vadala sold 700 shares of Mettler-Toledo International stock in a transaction on Monday, May 8th. The stock was sold at an average price of $543.64, for a total transaction of $380,548.00. Following the transaction, the chief financial officer now directly owns 6,225 shares in the company, valued at approximately $3,384,159. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Waldemar Rauch sold 1,100 shares of Mettler-Toledo International stock in a transaction on Tuesday, June 6th. The shares were sold at an average price of $595.91, for a total value of $655,501.00. Following the transaction, the insider now owns 3,065 shares in the company, valued at $1,826,464.15. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 52,046 shares of company stock worth $28,826,702. 5.20% of the stock is owned by insiders.

Mettler-Toledo International Company Profile

Mettler-Toledo International Inc is a supplier of precision instruments and services. The Company operates through five segments: U.S. Operations, Swiss Operations, Western European Operations, Chinese Operations and Other. The Company manufactures weighing instruments for use in laboratory, industrial, packaging, logistics and food retailing applications.

Institutional Ownership by Quarter for Mettler-Toledo International (NYSE:MTD)

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