PGGM Investments Has $15.27 Million Holdings in Mettler-Toledo International Inc. (NYSE:MTD)

PGGM Investments trimmed its holdings in shares of Mettler-Toledo International Inc. (NYSE:MTD) by 2.2% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 12,589 shares of the medical instruments supplier’s stock after selling 286 shares during the period. PGGM Investments’ holdings in Mettler-Toledo International were worth $15,270,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. International Assets Investment Management LLC lifted its stake in Mettler-Toledo International by 109,458.1% in the 4th quarter. International Assets Investment Management LLC now owns 67,926 shares of the medical instruments supplier’s stock valued at $82,392,000 after purchasing an additional 67,864 shares during the last quarter. Comgest Global Investors S.A.S. lifted its stake in Mettler-Toledo International by 2,689.3% in the 3rd quarter. Comgest Global Investors S.A.S. now owns 52,579 shares of the medical instruments supplier’s stock valued at $58,261,000 after purchasing an additional 50,694 shares during the last quarter. iA Global Asset Management Inc. lifted its stake in Mettler-Toledo International by 6,844.3% in the 3rd quarter. iA Global Asset Management Inc. now owns 48,957 shares of the medical instruments supplier’s stock valued at $54,248,000 after purchasing an additional 48,252 shares during the last quarter. Martin Currie Ltd. lifted its stake in Mettler-Toledo International by 108.5% in the 3rd quarter. Martin Currie Ltd. now owns 90,903 shares of the medical instruments supplier’s stock valued at $100,727,000 after purchasing an additional 47,306 shares during the last quarter. Finally, Impax Asset Management Group plc lifted its stake in Mettler-Toledo International by 30.3% in the 3rd quarter. Impax Asset Management Group plc now owns 180,977 shares of the medical instruments supplier’s stock valued at $200,535,000 after purchasing an additional 42,120 shares during the last quarter. 95.07% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Mettler-Toledo International

In related news, Director Elisha W. Finney sold 251 shares of Mettler-Toledo International stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $1,177.35, for a total value of $295,514.85. Following the transaction, the director now directly owns 316 shares of the company’s stock, valued at $372,042.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Elisha W. Finney sold 251 shares of Mettler-Toledo International stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $1,177.35, for a total value of $295,514.85. Following the transaction, the director now directly owns 316 shares of the company’s stock, valued at $372,042.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Shawn Vadala sold 300 shares of Mettler-Toledo International stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $1,210.83, for a total transaction of $363,249.00. Following the completion of the transaction, the chief financial officer now directly owns 4,914 shares in the company, valued at $5,950,018.62. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 951 shares of company stock valued at $1,170,256. 1.94% of the stock is currently owned by company insiders.

Mettler-Toledo International Stock Up 0.4 %

Shares of MTD traded up $5.18 during mid-day trading on Friday, hitting $1,238.09. 94,952 shares of the company’s stock were exchanged, compared to its average volume of 107,112. Mettler-Toledo International Inc. has a 52 week low of $928.49 and a 52 week high of $1,525.14. The stock’s 50-day simple moving average is $1,274.38 and its 200-day simple moving average is $1,176.53. The firm has a market cap of $26.48 billion, a price-to-earnings ratio of 34.50, a price-to-earnings-growth ratio of 3.38 and a beta of 1.15.

Mettler-Toledo International (NYSE:MTD) last announced its 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 business had revenue of $934.90 million for the quarter, compared to the consensus estimate of $959.45 million. During the same period in the prior year, the business posted $12.10 earnings per share. The firm’s revenue for the quarter was down 11.6% compared to the same quarter last year. Analysts forecast that Mettler-Toledo International Inc. will post 39.9 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on MTD. StockNews.com downgraded shares of Mettler-Toledo International from a “buy” rating to a “hold” rating in a research note on Thursday, April 18th. Evercore ISI increased their price target on shares of Mettler-Toledo International from $1,200.00 to $1,300.00 and gave the company an “in-line” rating in a report on Thursday, April 4th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $1,233.25.

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.