Louisiana State Employees Retirement System Purchases Shares of 1,300 Mettler-Toledo International Inc. (NYSE:MTD)

Louisiana State Employees Retirement System acquired a new stake in Mettler-Toledo International Inc. (NYSE:MTD) during the fourth quarter, Holdings Channel.com reports. The firm acquired 1,300 shares of the medical instruments supplier’s stock, valued at approximately $1,577,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in MTD. Norges Bank acquired a new position in shares of Mettler-Toledo International in the 4th quarter valued at about $428,679,000. International Assets Investment Management LLC lifted its stake in shares of 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 period. Price T Rowe Associates Inc. MD lifted its stake in shares of Mettler-Toledo International by 26.2% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 326,105 shares of the medical instruments supplier’s stock valued at $471,369,000 after purchasing an additional 67,758 shares during the period. Comgest Global Investors S.A.S. lifted its stake in shares of 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 period. Finally, iA Global Asset Management Inc. lifted its stake in shares of 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 period. 95.07% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

MTD has been the topic of a number of recent analyst reports. Evercore ISI boosted their price objective on Mettler-Toledo International from $1,200.00 to $1,300.00 and gave the company an “in-line” rating in a research note on Thursday, April 4th. StockNews.com downgraded Mettler-Toledo International from a “buy” rating to a “hold” rating in a research note on Thursday. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $1,233.25.

Mettler-Toledo International Stock Down 0.3 %

Shares of Mettler-Toledo International stock opened at $1,188.54 on Friday. The company has a market cap of $25.42 billion, a PE ratio of 33.12, a price-to-earnings-growth ratio of 3.26 and a beta of 1.15. Mettler-Toledo International Inc. has a 52 week low of $928.49 and a 52 week high of $1,577.91. The business has a 50 day moving average price of $1,269.63 and a 200-day moving average price of $1,170.88.

Mettler-Toledo International (NYSE:MTD) last issued its quarterly earnings data 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). The company had revenue of $934.90 million during the quarter, compared to analysts’ expectations of $959.45 million. Mettler-Toledo International had a negative return on equity of 904.59% and a net margin of 20.82%. The business’s revenue for the quarter was down 11.6% compared to the same quarter last year. During the same period last year, the company earned $12.10 earnings per share. As a group, research analysts anticipate that Mettler-Toledo International Inc. will post 39.9 EPS for the current year.

Insider Transactions at Mettler-Toledo International

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

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.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.