Texas Permanent School Fund Corp Buys 15 Shares of Mettler-Toledo International Inc. (NYSE:MTD)

Texas Permanent School Fund Corp grew its stake in Mettler-Toledo International Inc. (NYSE:MTD) by 0.3% during the first quarter, Holdings Channel.com reports. The fund owned 4,440 shares of the medical instruments supplier’s stock after purchasing an additional 15 shares during the quarter. Texas Permanent School Fund Corp’s holdings in Mettler-Toledo International were worth $5,911,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Gulf International Bank UK Ltd grew its stake in Mettler-Toledo International by 0.4% in the first quarter. Gulf International Bank UK Ltd now owns 1,813 shares of the medical instruments supplier’s stock worth $2,413,000 after purchasing an additional 8 shares in the last quarter. Massmutual Trust Co. FSB ADV lifted its stake in Mettler-Toledo International by 9.9% in the first quarter. Massmutual Trust Co. FSB ADV now owns 111 shares of the medical instruments supplier’s stock worth $148,000 after acquiring an additional 10 shares during the period. Legacy Wealth Asset Management LLC raised its holdings 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 valued at $689,000 after purchasing an additional 11 shares in the last quarter. Clarius Group LLC lifted 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 period. Finally, Conestoga Capital Advisors LLC boosted its stake in shares of Mettler-Toledo International by 3.5% during the first quarter. Conestoga Capital Advisors LLC now owns 325 shares of the medical instruments supplier’s stock valued at $433,000 after purchasing an additional 11 shares in the last quarter. 95.07% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Mettler-Toledo International

In related news, CFO Shawn Vadala sold 300 shares of Mettler-Toledo International stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $1,528.43, for a total transaction of $458,529.00. Following the transaction, the chief financial officer now owns 4,914 shares in the company, valued at $7,510,705.02. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other Mettler-Toledo International news, Director Thomas P. Salice sold 1,268 shares of the company’s stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $1,490.18, for a total value of $1,889,548.24. Following the transaction, the director now owns 244 shares of the company’s stock, valued at $363,603.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Shawn Vadala sold 300 shares of the company’s stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $1,528.43, for a total transaction of $458,529.00. Following the completion of the transaction, the chief financial officer now owns 4,914 shares in the company, valued at $7,510,705.02. The disclosure for this sale can be found here. Insiders sold 3,278 shares of company stock valued at $4,871,849 over the last 90 days. 1.94% of the stock is currently owned by corporate insiders.

Mettler-Toledo International Stock Up 0.8 %

Shares of MTD traded up $10.59 during trading hours on Friday, reaching $1,368.77. 2,689 shares of the company traded hands, compared to its average volume of 144,551. Mettler-Toledo International Inc. has a 12-month low of $928.49 and a 12-month high of $1,535.86. The stock has a market capitalization of $29.24 billion, a P/E ratio of 38.09, a P/E/G ratio of 3.55 and a beta of 1.17. The business has a fifty day moving average price of $1,418.97 and a 200-day moving average price of $1,301.79.

Mettler-Toledo International (NYSE:MTD) last announced its quarterly earnings results on Thursday, May 9th. The medical instruments supplier reported $8.89 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to the consensus estimate of $879.72 million. During the same period in the previous year, the company posted $8.69 earnings per share. Mettler-Toledo International’s revenue for the quarter was down .3% on a year-over-year basis. As a group, research analysts predict that Mettler-Toledo International Inc. will post 40.13 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have weighed in on MTD. Robert W. Baird upped their target price on Mettler-Toledo International from $1,212.00 to $1,360.00 and gave the stock a “neutral” rating in a report on Monday, May 13th. Evercore ISI boosted their target price on shares of Mettler-Toledo International from $1,375.00 to $1,390.00 and gave the stock an “in-line” rating in a report on Tuesday, July 2nd. Citigroup raised their price target on shares of Mettler-Toledo International from $975.00 to $1,200.00 and gave the company a “sell” rating in a report on Monday, May 13th. The Goldman Sachs Group increased their target price on shares of Mettler-Toledo International from $1,150.00 to $1,300.00 and gave the company a “neutral” rating in a research report on Tuesday. Finally, Jefferies Financial Group reaffirmed an “underperform” rating and issued a $1,250.00 price target (up from $1,230.00) on shares of Mettler-Toledo International in a report on Monday, June 3rd. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $1,301.25.

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.