Illinois Municipal Retirement Fund Boosts Stock Position in Mettler-Toledo International Inc. (NYSE:MTD)

Illinois Municipal Retirement Fund raised its position in shares of Mettler-Toledo International Inc. (NYSE:MTD) by 10.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 10,349 shares of the medical instruments supplier’s stock after purchasing an additional 977 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Mettler-Toledo International were worth $12,553,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. MV Capital Management Inc. grew its stake in Mettler-Toledo International by 162.5% during the 4th quarter. MV Capital Management Inc. now owns 21 shares of the medical instruments supplier’s stock valued at $25,000 after purchasing an additional 13 shares during the last quarter. CVA Family Office LLC acquired a new position in shares of Mettler-Toledo International in the 4th quarter valued at about $27,000. MCF Advisors LLC lifted its holdings in shares of Mettler-Toledo International by 285.7% in the 4th quarter. MCF Advisors LLC now owns 27 shares of the medical instruments supplier’s stock valued at $33,000 after buying an additional 20 shares during the period. Allworth Financial LP lifted its holdings in shares of Mettler-Toledo International by 100.0% in the 4th quarter. Allworth Financial LP now owns 32 shares of the medical instruments supplier’s stock valued at $39,000 after buying an additional 16 shares during the period. Finally, Operose Advisors LLC acquired a new position in shares of Mettler-Toledo International in the 3rd quarter valued at about $43,000. Hedge funds and other institutional investors own 95.07% of the company’s stock.

Mettler-Toledo International Stock Performance

Shares of MTD stock traded up $48.07 during trading hours on Tuesday, reaching $1,247.53. The company had a trading volume of 65,219 shares, compared to its average volume of 139,575. The stock has a fifty day moving average of $1,269.81 and a 200-day moving average of $1,172.97. The company has a market capitalization of $26.68 billion, a price-to-earnings ratio of 33.42, a PEG ratio of 3.25 and a beta of 1.15. Mettler-Toledo International Inc. has a 12-month low of $928.49 and a 12-month high of $1,574.26.

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

Insider Buying and Selling

In related news, CFO Shawn Vadala sold 300 shares of the 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 in the company, valued at $5,950,018.62. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Mettler-Toledo International news, Director Elisha W. Finney sold 251 shares of the company’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $1,177.35, for a total transaction of $295,514.85. Following the transaction, the director now directly owns 316 shares in the company, valued at $372,042.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Shawn Vadala sold 300 shares of the company’s stock in a transaction 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 transaction, the chief financial officer now owns 4,914 shares in the company, valued at $5,950,018.62. The disclosure for this sale can be found here. Over the last three months, insiders sold 951 shares of company stock worth $1,170,256. Company insiders own 1.94% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on MTD. 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 report on Thursday, April 4th. StockNews.com cut Mettler-Toledo International from a “buy” rating to a “hold” rating in a report on Thursday, April 18th. One equities research 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. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $1,233.25.

About Mettler-Toledo International

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.