Mettler-Toledo International Inc. (NYSE:MTD) Shares Sold by PGGM Investments

PGGM Investments decreased its position in shares of Mettler-Toledo International Inc. (NYSE:MTD) by 2.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,589 shares of the medical instruments supplier’s stock after selling 286 shares during the period. PGGM Investments owned about 0.06% of Mettler-Toledo International worth $15,270,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Northern Trust Corp raised its position in Mettler-Toledo International by 1.2% in the 3rd quarter. Northern Trust Corp now owns 279,146 shares of the medical instruments supplier’s stock valued at $309,313,000 after purchasing an additional 3,371 shares in the last quarter. Morgan Stanley raised its position in Mettler-Toledo International by 9.6% in the 3rd quarter. Morgan Stanley now owns 267,167 shares of the medical instruments supplier’s stock valued at $296,041,000 after purchasing an additional 23,305 shares in the last quarter. Barclays PLC raised its position in Mettler-Toledo International by 4.1% in the 3rd quarter. Barclays PLC now owns 225,239 shares of the medical instruments supplier’s stock valued at $249,580,000 after purchasing an additional 8,933 shares in the last quarter. Impax Asset Management Group plc raised its position in Mettler-Toledo International by 6.6% in the 4th quarter. Impax Asset Management Group plc now owns 192,857 shares of the medical instruments supplier’s stock valued at $233,928,000 after purchasing an additional 11,880 shares in the last quarter. Finally, American Century Companies Inc. raised its position in Mettler-Toledo International by 38.6% in the 3rd quarter. American Century Companies Inc. now owns 145,911 shares of the medical instruments supplier’s stock valued at $161,680,000 after purchasing an additional 40,599 shares in the last quarter. Institutional investors and hedge funds own 95.07% of the company’s stock.

Wall Street Analysts Forecast Growth

MTD has been the topic of a number of research reports. StockNews.com downgraded Mettler-Toledo International from a “buy” rating to a “hold” rating in a research note on Thursday, April 18th. Evercore ISI lifted their target price on Mettler-Toledo International from $1,200.00 to $1,300.00 and gave the company an “in-line” rating in a research note on Thursday, April 4th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, Mettler-Toledo International presently has a consensus rating of “Hold” and an average target price of $1,233.25.

Insider Activity

In other news, insider Christian Magloth sold 400 shares of the stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $1,278.73, for a total value of $511,492.00. Following the completion of the sale, the insider now owns 734 shares in the company, valued at $938,587.82. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In related news, CFO Shawn Vadala sold 300 shares of the stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $1,210.83, for a total value of $363,249.00. Following the completion of the transaction, the chief financial officer now owns 4,914 shares of the company’s stock, valued at $5,950,018.62. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Christian Magloth sold 400 shares of the stock in a transaction dated 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 completion of the transaction, the insider now directly owns 734 shares of the company’s stock, valued at approximately $938,587.82. The disclosure for this sale can be found here. Over the last quarter, insiders sold 951 shares of company stock worth $1,170,256. 1.94% of the stock is currently owned by corporate insiders.

Mettler-Toledo International Stock Performance

MTD stock traded up $5.18 during midday trading on Friday, hitting $1,238.09. 94,952 shares of the stock were exchanged, compared to its average volume of 107,112. The stock has a market cap of $26.48 billion, a price-to-earnings ratio of 34.50, a PEG ratio of 3.38 and a beta of 1.15. The stock’s 50-day moving average price is $1,274.38 and its 200-day moving average price is $1,176.53. Mettler-Toledo International Inc. has a fifty-two week low of $928.49 and a fifty-two week high of $1,525.14.

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

About Mettler-Toledo International

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.