Public Employees Retirement System of Ohio Has $11.06 Million Holdings in Mettler-Toledo International Inc. (NYSE:MTD)

Public Employees Retirement System of Ohio trimmed its holdings in Mettler-Toledo International Inc. (NYSE:MTD) by 10.1% during the first quarter, Holdings Channel reports. The firm owned 8,307 shares of the medical instruments supplier’s stock after selling 931 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Mettler-Toledo International were worth $11,059,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Gulf International Bank UK Ltd lifted 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 valued at $2,413,000 after buying an additional 8 shares during the period. Bellevue Group AG lifted its position in shares of Mettler-Toledo International by 32.0% during the 1st quarter. Bellevue Group AG now owns 33 shares of the medical instruments supplier’s stock valued at $44,000 after acquiring an additional 8 shares during the period. Wealthspire Advisors LLC boosted its stake in Mettler-Toledo International by 1.2% during the first quarter. Wealthspire Advisors LLC now owns 757 shares of the medical instruments supplier’s stock worth $1,008,000 after acquiring an additional 9 shares in the last quarter. Massmutual Trust Co. FSB ADV increased 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 valued at $148,000 after purchasing an additional 10 shares in the last quarter. Finally, Clarius Group LLC increased its stake in Mettler-Toledo International by 4.4% in the fourth quarter. Clarius Group LLC now owns 263 shares of the medical instruments supplier’s stock valued at $319,000 after purchasing an additional 11 shares in the last quarter. Institutional investors own 95.07% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have commented on MTD shares. Evercore ISI raised their price objective on Mettler-Toledo International from $1,375.00 to $1,390.00 and gave the company an “in-line” rating in a research note on Tuesday, July 2nd. Jefferies Financial Group reissued an “underperform” rating and set a $1,250.00 target price (up from $1,230.00) on shares of Mettler-Toledo International in a research report on Monday, June 3rd. The Goldman Sachs Group raised their price target 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, July 9th. Robert W. Baird lifted their price target on Mettler-Toledo International from $1,212.00 to $1,360.00 and gave the company a “neutral” rating in a research note on Monday, May 13th. Finally, StockNews.com raised Mettler-Toledo International from a “hold” rating to a “buy” rating in a research note on Thursday, July 11th. Two equities 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. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $1,301.25.

Insider Activity at Mettler-Toledo International

In other Mettler-Toledo International news, CFO Shawn Vadala sold 300 shares of the business’s stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $1,528.43, for a total value of $458,529.00. Following the transaction, the chief financial officer now directly owns 4,914 shares in the company, valued at $7,510,705.02. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Mettler-Toledo International news, CFO Shawn Vadala sold 300 shares of the business’s stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $1,528.43, for a total value of $458,529.00. Following the sale, the chief financial officer now directly owns 4,914 shares in the company, valued at $7,510,705.02. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Thomas P. Salice sold 1,268 shares of the business’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 completion of the sale, the director now owns 244 shares in the company, valued at $363,603.92. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 3,278 shares of company stock worth $4,871,849. 1.94% of the stock is owned by company insiders.

Mettler-Toledo International Stock Performance

NYSE:MTD traded up $1.92 on Monday, hitting $1,452.00. The stock had a trading volume of 92,562 shares, compared to its average volume of 143,893. Mettler-Toledo International Inc. has a 1 year low of $928.49 and a 1 year high of $1,535.86. The firm’s fifty day simple moving average is $1,415.40 and its two-hundred day simple moving average is $1,318.15. The stock has a market cap of $31.01 billion, a P/E ratio of 40.66, a price-to-earnings-growth ratio of 3.89 and a beta of 1.17.

Mettler-Toledo International (NYSE:MTD) last posted its quarterly earnings data on Thursday, May 9th. The medical instruments supplier reported $8.89 earnings per share for the quarter, topping the consensus estimate 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 business had revenue of $925.95 million for the quarter, compared to analysts’ expectations of $879.72 million. During the same quarter in the previous year, the firm earned $8.69 earnings per share. The business’s revenue was down .3% on a year-over-year basis. Equities research analysts predict that Mettler-Toledo International Inc. will post 40.13 EPS 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.