Oregon Public Employees Retirement Fund Cuts Stake in Mettler-Toledo International Inc. (NYSE:MTD)

Oregon Public Employees Retirement Fund cut its stake in Mettler-Toledo International Inc. (NYSE:MTDGet Rating) by 65.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,852 shares of the medical instruments supplier’s stock after selling 3,571 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Mettler-Toledo International were worth $3,143,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in MTD. Torray LLC grew its position in Mettler-Toledo International by 0.5% during the 3rd quarter. Torray LLC now owns 1,331 shares of the medical instruments supplier’s stock worth $1,833,000 after purchasing an additional 7 shares in the last quarter. Penserra Capital Management LLC grew its position in Mettler-Toledo International by 9.3% during the 3rd quarter. Penserra Capital Management LLC now owns 82 shares of the medical instruments supplier’s stock worth $112,000 after purchasing an additional 7 shares in the last quarter. Quantinno Capital Management LP grew its position in Mettler-Toledo International by 1.5% during the 3rd quarter. Quantinno Capital Management LP now owns 489 shares of the medical instruments supplier’s stock worth $674,000 after purchasing an additional 7 shares in the last quarter. Kestra Advisory Services LLC grew its position in Mettler-Toledo International by 1.4% during the 3rd quarter. Kestra Advisory Services LLC now owns 592 shares of the medical instruments supplier’s stock worth $815,000 after purchasing an additional 8 shares in the last quarter. Finally, Eagle Bay Advisors LLC grew its position in Mettler-Toledo International by 44.4% during the 3rd quarter. Eagle Bay Advisors LLC now owns 26 shares of the medical instruments supplier’s stock worth $36,000 after purchasing an additional 8 shares in the last quarter. 92.56% of the stock is currently owned by institutional investors.

Several research firms have recently commented on MTD. StockNews.com began coverage on shares of Mettler-Toledo International in a report on Thursday, March 31st. They set a “buy” rating on the stock. Robert W. Baird boosted their price target on shares of Mettler-Toledo International from $1,531.00 to $1,595.00 in a report on Friday, February 11th. Finally, The Goldman Sachs Group cut shares of Mettler-Toledo International from a “neutral” rating to a “sell” rating and set a $1,240.00 price target on the stock. in a report on Thursday, March 10th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $1,471.75.

Shares of NYSE:MTD opened at $1,381.84 on Monday. The stock has a market capitalization of $31.42 billion, a PE ratio of 42.10, a P/E/G ratio of 1.89 and a beta of 1.08. Mettler-Toledo International Inc. has a 1 year low of $1,201.27 and a 1 year high of $1,714.75. The firm has a fifty day moving average price of $1,404.74 and a 200 day moving average price of $1,472.63. The company has a current ratio of 1.11, a quick ratio of 0.75 and a debt-to-equity ratio of 9.22.

Mettler-Toledo International (NYSE:MTDGet Rating) last issued its quarterly earnings data on Thursday, February 10th. The medical instruments supplier reported $10.53 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $10.07 by $0.46. The firm had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1.02 billion. Mettler-Toledo International had a net margin of 20.68% and a return on equity of 438.50%. Mettler-Toledo International’s revenue for the quarter was up 10.6% on a year-over-year basis. During the same period in the prior year, the company posted $9.26 earnings per share. On average, sell-side analysts forecast that Mettler-Toledo International Inc. will post 38.36 earnings per share for the current fiscal year.

In other Mettler-Toledo International news, insider Peter Aggersbjerg sold 694 shares of the business’s stock in a transaction on Tuesday, February 15th. The shares were sold at an average price of $1,424.29, for a total transaction of $988,457.26. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Olivier A. Filliol sold 12,500 shares of the business’s stock in a transaction on Wednesday, March 2nd. The stock was sold at an average price of $1,390.27, for a total transaction of $17,378,375.00. The disclosure for this sale can be found here. Insiders sold 17,540 shares of company stock valued at $24,552,512 over the last quarter. 2.80% of the stock is currently owned by corporate insiders.

About Mettler-Toledo International (Get Rating)

Mettler-Toledo International Inc engages in the manufacture and supply of precision instruments and services worldwide. It operates in 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, titrators, pH meters, process analytics sensors and analyzer technologies, physical value analyzers, thermal analysis systems, and other analytical instruments; and LabX, a laboratory software platform to manage and analyze data generated from its instruments.

Featured Stories

Institutional Ownership by Quarter for Mettler-Toledo International (NYSE:MTD)

Receive News & Ratings for Mettler-Toledo International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mettler-Toledo International and related companies with MarketBeat.com's FREE daily email newsletter.