Public Employees Retirement Association of Colorado Sells 4,825 Shares of Mettler-Toledo International Inc. (NYSE:MTD)

Public Employees Retirement Association of Colorado decreased its position in shares of Mettler-Toledo International Inc. (NYSE:MTDFree Report) by 66.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,415 shares of the medical instruments supplier’s stock after selling 4,825 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in Mettler-Toledo International were worth $2,929,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Oppenheimer & Co. Inc. increased its holdings in shares of Mettler-Toledo International by 8.8% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 346 shares of the medical instruments supplier’s stock worth $383,000 after purchasing an additional 28 shares in the last quarter. Atria Wealth Solutions Inc. increased its holdings in Mettler-Toledo International by 4.4% in the 3rd quarter. Atria Wealth Solutions Inc. now owns 1,589 shares of the medical instruments supplier’s stock worth $1,761,000 after buying an additional 67 shares in the last quarter. D.A. Davidson & CO. raised its position in Mettler-Toledo International by 4.8% in the 3rd quarter. D.A. Davidson & CO. now owns 304 shares of the medical instruments supplier’s stock worth $337,000 after buying an additional 14 shares during the last quarter. Sequoia Financial Advisors LLC lifted its stake in Mettler-Toledo International by 3.7% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 340 shares of the medical instruments supplier’s stock valued at $377,000 after acquiring an additional 12 shares during the period. Finally, Pathstone Family Office LLC boosted its holdings in shares of Mettler-Toledo International by 151.4% during the 3rd quarter. Pathstone Family Office LLC now owns 1,365 shares of the medical instruments supplier’s stock valued at $1,512,000 after acquiring an additional 822 shares during the last quarter. Institutional investors own 95.07% of the company’s stock.

Insider Buying and Selling

In related news, CFO Shawn Vadala sold 300 shares of the firm’s stock in a transaction on Monday, May 13th. The stock was sold at an average price of $1,457.07, for a total value of $437,121.00. Following the transaction, the chief financial officer now directly owns 4,914 shares of the company’s stock, valued at approximately $7,160,041.98. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Mettler-Toledo International news, insider Gerry Keller sold 310 shares of the stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $1,511.56, for a total value of $468,583.60. Following the completion of the sale, the insider now owns 6 shares in the company, valued at approximately $9,069.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Shawn Vadala sold 300 shares of the stock in a transaction on Monday, May 13th. The stock was sold at an average price of $1,457.07, for a total value of $437,121.00. Following the completion of the sale, the chief financial officer now owns 4,914 shares of the company’s stock, valued at approximately $7,160,041.98. The disclosure for this sale can be found here. In the last three months, insiders have sold 3,278 shares of company stock valued at $4,871,849. 1.94% of the stock is owned by company insiders.

Mettler-Toledo International Stock Performance

Shares of Mettler-Toledo International stock opened at $1,438.58 on Friday. Mettler-Toledo International Inc. has a one year low of $928.49 and a one year high of $1,535.86. The stock’s fifty day moving average is $1,348.46 and its 200 day moving average is $1,256.11. The stock has a market cap of $30.73 billion, a P/E ratio of 40.34, a P/E/G ratio of 3.86 and a beta of 1.20.

Mettler-Toledo International (NYSE:MTDGet Free Report) last announced its earnings results on Thursday, May 9th. The medical instruments supplier reported $8.89 EPS for the quarter, topping analysts’ consensus estimates of $7.61 by $1.28. Mettler-Toledo International had a negative return on equity of 662.32% and a net margin of 20.55%. The company had revenue of $925.95 million for the quarter, compared to analysts’ expectations of $879.72 million. During the same period last year, the firm earned $8.69 EPS. Mettler-Toledo International’s revenue for the quarter was down .3% compared to the same quarter last year. Analysts predict that Mettler-Toledo International Inc. will post 40.11 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on MTD. Jefferies Financial Group reissued an “underperform” rating and set a $1,250.00 price objective (up from $1,230.00) on shares of Mettler-Toledo International in a report on Monday, June 3rd. StockNews.com upgraded shares of Mettler-Toledo International from a “hold” rating to a “buy” rating in a research note on Monday, April 29th. Citigroup increased their price target on Mettler-Toledo International from $975.00 to $1,200.00 and gave the company a “sell” rating in a report on Monday, May 13th. Evercore ISI increased their price target on Mettler-Toledo International from $1,200.00 to $1,300.00 and gave the company an “in-line” rating in a report on Thursday, April 4th. Finally, Stifel Nicolaus increased their price target on Mettler-Toledo International from $1,270.00 to $1,510.00 and gave the company a “buy” rating in a report on Monday, May 13th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $1,256.25.

Check Out Our Latest Stock Report on Mettler-Toledo International

About Mettler-Toledo International

(Free Report)

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.

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

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