Mettler-Toledo International Inc. (NYSE:MTD) Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund lessened its holdings in shares of Mettler-Toledo International Inc. (NYSE:MTD) by 5.5% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 49,803 shares of the medical instruments supplier’s stock after selling 2,907 shares during the quarter. New York State Common Retirement Fund owned 0.23% of Mettler-Toledo International worth $60,409,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of 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 in the last quarter. CVA Family Office LLC acquired a new position in shares of Mettler-Toledo International in the 4th quarter worth approximately $27,000. MCF Advisors LLC grew its position 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 worth $33,000 after acquiring an additional 20 shares in the last quarter. Allworth Financial LP grew its position 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 worth $39,000 after acquiring an additional 16 shares in the last quarter. Finally, Operose Advisors LLC acquired a new position in shares of Mettler-Toledo International in the 3rd quarter worth approximately $43,000. Institutional investors and hedge funds own 95.07% of the company’s stock.

Insider Transactions at Mettler-Toledo International

In other news, Director Elisha W. Finney sold 251 shares of the business’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 sale, the director now directly owns 316 shares of the company’s stock, valued at $372,042.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Elisha W. Finney sold 251 shares of Mettler-Toledo International 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 owns 316 shares in the company, valued at $372,042.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Shawn Vadala sold 300 shares of Mettler-Toledo International stock in a transaction on Friday, February 23rd. The shares were 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 approximately $5,950,018.62. The disclosure for this sale can be found here. Insiders have sold 951 shares of company stock valued at $1,170,256 over the last three months. Company insiders own 1.94% of the company’s stock.

Mettler-Toledo International Stock Up 3.7 %

Shares of Mettler-Toledo International stock opened at $1,243.29 on Wednesday. The stock’s fifty day moving average is $1,271.52 and its 200-day moving average is $1,174.10. The firm has a market capitalization of $26.59 billion, a PE ratio of 34.64, a price-to-earnings-growth ratio of 3.28 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 announced 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 company had revenue of $934.90 million for the quarter, compared to analyst estimates of $959.45 million. Mettler-Toledo International had a negative return on equity of 904.59% and a net margin of 20.82%. The firm’s revenue for the quarter was down 11.6% on a year-over-year basis. During the same period last year, the firm earned $12.10 earnings per share. Analysts expect that Mettler-Toledo International Inc. will post 39.9 EPS for the current year.

Analysts Set New Price Targets

Several brokerages have recently commented on MTD. Evercore ISI lifted their target price on 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 downgraded Mettler-Toledo International from a “buy” rating to a “hold” rating in a research note 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 MarketBeat.com, Mettler-Toledo International currently has an average rating of “Hold” and a consensus price target of $1,233.25.

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.