KLP Kapitalforvaltning AS Raises Stock Position in Mettler-Toledo International, Inc. $MTD

KLP Kapitalforvaltning AS raised its stake in Mettler-Toledo International, Inc. (NYSE:MTD) by 6.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,953 shares of the medical instruments supplier’s stock after buying an additional 470 shares during the period. KLP Kapitalforvaltning AS’s holdings in Mettler-Toledo International were worth $11,088,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Versant Capital Management Inc increased its holdings in Mettler-Toledo International by 42.1% in the third quarter. Versant Capital Management Inc now owns 27 shares of the medical instruments supplier’s stock valued at $33,000 after buying an additional 8 shares in the last quarter. SJS Investment Consulting Inc. grew its position in shares of Mettler-Toledo International by 2,700.0% in the third quarter. SJS Investment Consulting Inc. now owns 28 shares of the medical instruments supplier’s stock valued at $34,000 after purchasing an additional 27 shares during the last quarter. Salomon & Ludwin LLC acquired a new stake in shares of Mettler-Toledo International in the third quarter valued at approximately $43,000. Root Financial Partners LLC acquired a new stake in shares of Mettler-Toledo International in the third quarter valued at approximately $42,000. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Mettler-Toledo International in the fourth quarter valued at approximately $56,000. 95.07% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Mettler-Toledo International

In related news, CFO Shawn Vadala sold 800 shares of the firm’s stock in a transaction that occurred on Tuesday, February 10th. The shares were sold at an average price of $1,410.12, for a total transaction of $1,128,096.00. Following the sale, the chief financial officer owned 5,288 shares in the company, valued at approximately $7,456,714.56. This trade represents a 13.14% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.71% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently commented on MTD shares. Jefferies Financial Group upgraded shares of Mettler-Toledo International from a “hold” rating to a “buy” rating and increased their price target for the company from $1,400.00 to $1,450.00 in a research report on Friday, March 20th. Wall Street Zen upgraded shares of Mettler-Toledo International from a “hold” rating to a “buy” rating in a research report on Saturday, February 14th. Morgan Stanley lowered their price target on shares of Mettler-Toledo International from $1,550.00 to $1,475.00 and set an “equal weight” rating on the stock in a research report on Tuesday, February 10th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Mettler-Toledo International in a research report on Monday, December 29th. Finally, Barclays lowered their price target on shares of Mettler-Toledo International from $1,550.00 to $1,500.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 14th. Seven research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $1,459.58.

Mettler-Toledo International Stock Performance

Shares of NYSE MTD opened at $1,266.38 on Friday. Mettler-Toledo International, Inc. has a 1 year low of $1,029.23 and a 1 year high of $1,525.17. The firm’s 50 day moving average price is $1,290.27 and its 200 day moving average price is $1,368.63. The firm has a market cap of $25.64 billion, a P/E ratio of 30.07, a price-to-earnings-growth ratio of 2.75 and a beta of 1.43.

Mettler-Toledo International (NYSE:MTD) last announced its earnings results on Friday, February 6th. The medical instruments supplier reported $13.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $12.76 by $0.60. Mettler-Toledo International had a net margin of 21.59% and a negative return on equity of 495.07%. The firm had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.10 billion. During the same quarter last year, the business earned $12.41 earnings per share. Mettler-Toledo International’s revenue was up 8.1% compared to the same quarter last year. As a group, equities analysts predict that Mettler-Toledo International, Inc. will post 46.51 EPS for the current year.

Mettler-Toledo International Company 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.