Handelsbanken Fonder AB Has $13.69 Million Holdings in Mettler-Toledo International Inc. (NYSE:MTD)

Handelsbanken Fonder AB cut its stake in Mettler-Toledo International Inc. (NYSE:MTD) by 9.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,290 shares of the medical instruments supplier’s stock after selling 1,110 shares during the period. Handelsbanken Fonder AB owned about 0.05% of Mettler-Toledo International worth $13,694,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of MTD. MV Capital Management Inc. raised its holdings in shares of Mettler-Toledo International by 162.5% in the 4th quarter. MV Capital Management Inc. now owns 21 shares of the medical instruments supplier’s stock worth $25,000 after buying an additional 13 shares in the last quarter. CVA Family Office LLC bought a new stake in Mettler-Toledo International during the 4th quarter worth approximately $27,000. Allworth Financial LP grew its position in Mettler-Toledo International by 100.0% during the 4th quarter. Allworth Financial LP now owns 32 shares of the medical instruments supplier’s stock worth $39,000 after acquiring an additional 16 shares during the last quarter. Operose Advisors LLC bought a new stake in Mettler-Toledo International during the 3rd quarter worth approximately $43,000. Finally, EverSource Wealth Advisors LLC grew its position in Mettler-Toledo International by 51.5% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 50 shares of the medical instruments supplier’s stock worth $55,000 after acquiring an additional 17 shares during the last quarter. 95.07% of the stock is owned by institutional investors and hedge funds.

Mettler-Toledo International Stock Performance

Shares of MTD opened at $1,243.29 on Wednesday. The firm has a market capitalization of $26.59 billion, a price-to-earnings ratio of 34.64, a PEG ratio of 3.28 and a beta of 1.15. The business’s fifty day moving average price is $1,271.52 and its two-hundred day moving average price is $1,174.10. Mettler-Toledo International Inc. has a 52 week low of $928.49 and a 52 week high of $1,574.26.

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

Wall Street Analyst Weigh In

MTD has been the topic of a number of research analyst reports. Evercore ISI increased their price target on Mettler-Toledo International from $1,200.00 to $1,300.00 and gave the stock an “in-line” rating in a research report on Thursday, April 4th. StockNews.com lowered Mettler-Toledo International from a “buy” rating to a “hold” rating in a research report on Thursday, April 18th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average 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 on 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 transaction, the insider now owns 734 shares of the company’s stock, valued at approximately $938,587.82. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, CFO Shawn Vadala sold 300 shares of the stock in a transaction on 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 transaction, the chief financial officer now owns 4,914 shares of the company’s stock, valued at approximately $5,950,018.62. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Christian Magloth sold 400 shares of the stock in a transaction on 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 in the company, valued at approximately $938,587.82. The disclosure for this sale can be found here. Insiders have sold a total of 951 shares of company stock valued at $1,170,256 in the last 90 days. 1.94% of the stock is owned by company insiders.

Mettler-Toledo International Company 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.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.