Principal Financial Group Inc. Sells 2,472 Shares of Mettler-Toledo International Inc. (NYSE:MTD)

Principal Financial Group Inc. lowered its position in shares of Mettler-Toledo International Inc. (NYSE:MTD) by 1.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 241,107 shares of the medical instruments supplier’s stock after selling 2,472 shares during the period. Principal Financial Group Inc.’s holdings in Mettler-Toledo International were worth $361,588,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in the company. PDS Planning Inc bought a new position in shares of Mettler-Toledo International during the third quarter worth approximately $211,000. QRG Capital Management Inc. increased its stake in Mettler-Toledo International by 9.1% during the 3rd quarter. QRG Capital Management Inc. now owns 382 shares of the medical instruments supplier’s stock worth $573,000 after acquiring an additional 32 shares during the period. Asset Management One Co. Ltd. increased its stake in shares of Mettler-Toledo International by 4.6% in the 3rd quarter. Asset Management One Co. Ltd. now owns 18,545 shares of the medical instruments supplier’s stock valued at $27,812,000 after purchasing an additional 813 shares during the last quarter. National Pension Service increased its stake in shares of Mettler-Toledo International by 8.0% in the 3rd quarter. National Pension Service now owns 34,039 shares of the medical instruments supplier’s stock valued at $51,048,000 after purchasing an additional 2,521 shares during the last quarter. Finally, Donaldson Capital Management LLC increased its stake in shares of Mettler-Toledo International by 2.2% in the 3rd quarter. Donaldson Capital Management LLC now owns 3,182 shares of the medical instruments supplier’s stock valued at $4,772,000 after purchasing an additional 68 shares during the last quarter. Institutional investors own 95.07% of the company’s stock.

Insider Transactions at Mettler-Toledo International

In other news, insider Christian Magloth sold 1,000 shares of Mettler-Toledo International stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $1,422.97, for a total value of $1,422,970.00. Following the completion of the transaction, the insider now directly owns 734 shares of the company’s stock, valued at approximately $1,044,459.98. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 1.94% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on MTD shares. JPMorgan Chase & Co. raised their price objective 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. StockNews.com raised Mettler-Toledo International from a “hold” rating to a “buy” rating in a report on Thursday, July 11th. Stifel Nicolaus lifted their target price on 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. Evercore ISI lifted their target price on Mettler-Toledo International from $1,375.00 to $1,450.00 and gave the stock an “in-line” rating in a report on Tuesday, October 1st. Finally, Wells Fargo & Company initiated coverage on 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 analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, Mettler-Toledo International has an average rating of “Hold” and an average target price of $1,363.75.

Mettler-Toledo International Trading Up 0.9 %

MTD stock opened at $1,398.19 on Thursday. The stock has a 50-day moving average price of $1,400.98 and a 200-day moving average price of $1,399.40. Mettler-Toledo International Inc. has a 1-year low of $953.28 and a 1-year high of $1,546.93. The firm has a market cap of $29.67 billion, a PE ratio of 38.48, a price-to-earnings-growth ratio of 3.99 and a beta of 1.16.

Mettler-Toledo International 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.