National Pension Service Buys 2,521 Shares of Mettler-Toledo International Inc. (NYSE:MTD)

National Pension Service lifted its position in shares of Mettler-Toledo International Inc. (NYSE:MTD) by 8.0% during the 3rd quarter, HoldingsChannel reports. The fund owned 34,039 shares of the medical instruments supplier’s stock after purchasing an additional 2,521 shares during the period. National Pension Service’s holdings in Mettler-Toledo International were worth $51,048,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Family Firm Inc. acquired a new stake in shares of Mettler-Toledo International during the second quarter valued at about $25,000. Blue Trust Inc. raised its holdings in Mettler-Toledo International by 242.9% in the 3rd quarter. Blue Trust Inc. now owns 24 shares of the medical instruments supplier’s stock valued at $34,000 after buying an additional 17 shares during the last quarter. Rothschild Investment LLC acquired a new stake in Mettler-Toledo International during the 2nd quarter worth approximately $42,000. Itau Unibanco Holding S.A. bought a new stake in Mettler-Toledo International during the 2nd quarter worth approximately $42,000. Finally, Crewe Advisors LLC increased its position in Mettler-Toledo International by 244.4% in the 2nd quarter. Crewe Advisors LLC now owns 31 shares of the medical instruments supplier’s stock valued at $43,000 after acquiring an additional 22 shares during the period. Institutional investors own 95.07% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. JPMorgan Chase & Co. upped their target price on Mettler-Toledo International from $1,300.00 to $1,400.00 and gave the company a “neutral” rating in a report on Monday, August 5th. The Goldman Sachs Group lifted their target price on Mettler-Toledo International from $1,150.00 to $1,300.00 and gave the company a “neutral” rating in a research report on Tuesday, July 9th. Stifel Nicolaus boosted their price target on shares of Mettler-Toledo International from $1,510.00 to $1,550.00 and gave the stock a “buy” rating in a report on Monday, August 5th. StockNews.com raised Mettler-Toledo International from a “hold” rating to a “buy” rating in a report on Thursday, July 11th. Finally, Wells Fargo & Company began coverage on shares of Mettler-Toledo International in a report on Tuesday, August 27th. They set an “equal weight” rating and a $1,400.00 target price on the stock. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $1,363.75.

Mettler-Toledo International Stock Up 1.6 %

Shares of NYSE MTD opened at $1,385.79 on Wednesday. Mettler-Toledo International Inc. has a twelve month low of $953.28 and a twelve month high of $1,546.93. The company has a 50 day moving average of $1,401.48 and a 200 day moving average of $1,399.41. The firm has a market cap of $29.41 billion, a P/E ratio of 38.13, a PEG ratio of 3.92 and a beta of 1.16.

Insider Transactions at Mettler-Toledo International

In other Mettler-Toledo International news, insider Christian Magloth sold 1,000 shares of the business’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $1,422.97, for a total value of $1,422,970.00. Following the sale, the insider now owns 734 shares in the company, valued at $1,044,459.98. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.94% of the company’s stock.

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.