Mettler-Toledo International Inc. (NYSE:MTD) Shares Sold by Retirement Systems of Alabama

Retirement Systems of Alabama lowered its stake in Mettler-Toledo International Inc. (NYSE:MTD) by 3.3% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 4,779 shares of the medical instruments supplier’s stock after selling 165 shares during the period. Retirement Systems of Alabama’s holdings in Mettler-Toledo International were worth $5,797,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Personal CFO Solutions LLC increased its position in shares of Mettler-Toledo International by 2.2% in the 3rd quarter. Personal CFO Solutions LLC now owns 472 shares of the medical instruments supplier’s stock worth $523,000 after purchasing an additional 10 shares during the last quarter. Wealthspire Advisors LLC increased its position in shares of Mettler-Toledo International by 1.7% in the 3rd quarter. Wealthspire Advisors LLC now owns 647 shares of the medical instruments supplier’s stock worth $717,000 after purchasing an additional 11 shares during the last quarter. Legacy Wealth Asset Management LLC increased its position in shares of Mettler-Toledo International by 2.0% in the 4th quarter. Legacy Wealth Asset Management LLC now owns 568 shares of the medical instruments supplier’s stock worth $689,000 after purchasing an additional 11 shares during the last quarter. Clarius Group LLC increased its position in shares of Mettler-Toledo International by 4.4% in the 4th quarter. Clarius Group LLC now owns 263 shares of the medical instruments supplier’s stock worth $319,000 after purchasing an additional 11 shares during the last quarter. Finally, Sequoia Financial Advisors LLC increased its position in shares of Mettler-Toledo International by 3.7% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 340 shares of the medical instruments supplier’s stock worth $377,000 after purchasing an additional 12 shares during the last quarter. Institutional investors own 95.07% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on MTD shares. Evercore ISI boosted their target price on shares of Mettler-Toledo International from $1,200.00 to $1,300.00 and gave the stock an “in-line” rating in a research report on Thursday, April 4th. StockNews.com raised shares of Mettler-Toledo International from a “hold” rating to a “buy” rating in a research report on Monday, April 29th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $1,233.25.

Insider Buying and Selling at Mettler-Toledo International

In other Mettler-Toledo International news, insider Christian Magloth sold 400 shares of the business’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $1,278.73, for a total transaction of $511,492.00. Following the completion of the transaction, the insider now directly owns 734 shares of the company’s stock, valued at approximately $938,587.82. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, insider Christian Magloth sold 400 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $1,278.73, for a total value of $511,492.00. Following the completion of the sale, the insider now directly owns 734 shares of the company’s stock, valued at approximately $938,587.82. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, 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 transaction of $363,249.00. Following the completion of the sale, the chief financial officer now directly owns 4,914 shares of the company’s stock, valued at $5,950,018.62. The disclosure for this sale can be found here. Insiders sold 951 shares of company stock valued at $1,170,256 in the last ninety days. Company insiders own 1.94% of the company’s stock.

Mettler-Toledo International Stock Up 0.2 %

Mettler-Toledo International stock opened at $1,251.95 on Monday. The firm has a 50-day moving average price of $1,279.84 and a two-hundred day moving average price of $1,184.44. The firm has a market capitalization of $26.78 billion, a price-to-earnings ratio of 34.88, a PEG ratio of 3.42 and a beta of 1.16. Mettler-Toledo International Inc. has a 52-week low of $928.49 and a 52-week high of $1,496.86.

Mettler-Toledo International (NYSE:MTD) last posted its earnings results on Friday, February 9th. The medical instruments supplier reported $9.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $10.32 by ($0.92). The firm had revenue of $934.90 million for the quarter, compared to analyst estimates of $959.45 million. Mettler-Toledo International had a net margin of 20.82% and a negative return on equity of 904.59%. The company’s revenue for the quarter was down 11.6% on a year-over-year basis. During the same period in the previous year, the firm earned $12.10 earnings per share. Research analysts expect that Mettler-Toledo International Inc. will post 39.9 earnings per share for the current year.

Mettler-Toledo International Company 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.