PFA Pension Forsikringsaktieselskab Invests $37.62 Million in Mettler-Toledo International, Inc. $MTD

PFA Pension Forsikringsaktieselskab bought a new position in shares of Mettler-Toledo International, Inc. (NYSE:MTD) in the 4th quarter, Holdings Channel reports. The fund bought 26,600 shares of the medical instruments supplier’s stock, valued at approximately $37,621,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Principal Financial Group Inc. lifted its position in Mettler-Toledo International by 2.9% in the third quarter. Principal Financial Group Inc. now owns 298,429 shares of the medical instruments supplier’s stock valued at $366,354,000 after purchasing an additional 8,360 shares during the period. Nordea Investment Management AB lifted its position in Mettler-Toledo International by 11.9% in the fourth quarter. Nordea Investment Management AB now owns 157,457 shares of the medical instruments supplier’s stock valued at $220,718,000 after purchasing an additional 16,777 shares during the period. Campbell & CO Investment Adviser LLC acquired a new stake in Mettler-Toledo International in the third quarter valued at about $2,210,000. Rakuten Investment Management Inc. acquired a new stake in Mettler-Toledo International in the third quarter valued at about $121,021,000. Finally, Machina Capital S.A.S. acquired a new stake in Mettler-Toledo International in the third quarter valued at about $1,186,000. Institutional investors and hedge funds own 95.07% of the company’s stock.

Mettler-Toledo International Trading Up 0.2%

MTD stock opened at $1,270.10 on Monday. The firm has a 50 day moving average of $1,280.49 and a 200-day moving average of $1,368.11. Mettler-Toledo International, Inc. has a 12-month low of $1,049.21 and a 12-month high of $1,525.17. The company has a market cap of $25.72 billion, a price-to-earnings ratio of 30.15, a PEG ratio of 2.66 and a beta of 1.31.

Mettler-Toledo International (NYSE:MTD) last posted its quarterly earnings results on Friday, February 6th. The medical instruments supplier reported $13.36 earnings per share (EPS) for the quarter, beating 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 company had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.10 billion. During the same period last year, the firm earned $12.41 EPS. The company’s revenue for the quarter was up 8.1% on a year-over-year basis. Sell-side analysts forecast that Mettler-Toledo International, Inc. will post 46.51 earnings per share for the current fiscal year.

Insider Activity

In other news, CFO Shawn Vadala sold 800 shares of Mettler-Toledo International 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 completion of the sale, the chief financial officer directly owned 5,288 shares in the company, valued at approximately $7,456,714.56. This trade represents a 13.14% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.71% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently commented on MTD. Jefferies Financial Group upgraded shares of Mettler-Toledo International from a “hold” rating to a “buy” rating and raised their price objective for the company from $1,400.00 to $1,450.00 in a research report on Friday, March 20th. Morgan Stanley reduced their price objective on shares of Mettler-Toledo International from $1,550.00 to $1,475.00 and set an “equal weight” rating for the company in a research report on Tuesday, February 10th. 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. Finally, Barclays reduced their price target on shares of Mettler-Toledo International from $1,550.00 to $1,500.00 and set an “overweight” rating for the company in a research report on Tuesday, April 14th. Seven analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $1,459.58.

About Mettler-Toledo International

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.