Teachers Retirement System of The State of Kentucky Sells 158 Shares of Mettler-Toledo International Inc. (NYSE:MTD)

Teachers Retirement System of The State of Kentucky decreased its position in shares of Mettler-Toledo International Inc. (NYSE:MTD) by 7.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,833 shares of the medical instruments supplier’s stock after selling 158 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Mettler-Toledo International were worth $2,440,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Raymond James Financial Services Advisors Inc. lifted its stake in shares of Mettler-Toledo International by 25.4% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 1,676 shares of the medical instruments supplier’s stock valued at $2,033,000 after buying an additional 340 shares in the last quarter. Fifth Third Bancorp boosted its stake in Mettler-Toledo International by 31.7% during the 4th quarter. Fifth Third Bancorp now owns 752 shares of the medical instruments supplier’s stock valued at $912,000 after purchasing an additional 181 shares during the last quarter. DAVENPORT & Co LLC bought a new stake in Mettler-Toledo International during the 4th quarter worth approximately $997,000. Trust Point Inc. purchased a new stake in shares of Mettler-Toledo International in the fourth quarter worth approximately $224,000. Finally, International Assets Investment Management LLC lifted its holdings in shares of Mettler-Toledo International by 109,458.1% in the fourth quarter. International Assets Investment Management LLC now owns 67,926 shares of the medical instruments supplier’s stock valued at $82,392,000 after purchasing an additional 67,864 shares in the last quarter. 95.07% of the stock is owned by institutional investors and hedge funds.

Mettler-Toledo International Stock Down 4.9 %

Shares of MTD stock traded down $73.92 on Friday, reaching $1,441.43. The company’s stock had a trading volume of 327,034 shares, compared to its average volume of 136,241. Mettler-Toledo International Inc. has a 12-month low of $928.49 and a 12-month high of $1,546.93. The stock’s 50 day simple moving average is $1,414.17 and its 200-day simple moving average is $1,327.84. The company has a market capitalization of $30.79 billion, a P/E ratio of 40.42, a PEG ratio of 4.06 and a beta of 1.17.

Mettler-Toledo International (NYSE:MTD) last issued its quarterly earnings results on Thursday, August 1st. The medical instruments supplier reported $9.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $9.00 by $0.65. The firm had revenue of $946.75 million during the quarter, compared to the consensus estimate of $929.13 million. Mettler-Toledo International had a negative return on equity of 590.80% and a net margin of 20.95%. The company’s revenue for the quarter was down 3.6% on a year-over-year basis. During the same quarter last year, the company posted $10.19 EPS. Research analysts expect that Mettler-Toledo International Inc. will post 40.13 EPS for the current year.

Insider Activity

In other Mettler-Toledo International news, Director Thomas P. Salice sold 1,268 shares of Mettler-Toledo International stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $1,490.18, for a total transaction of $1,889,548.24. Following the completion of the sale, the director now owns 244 shares of the company’s stock, valued at $363,603.92. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Mettler-Toledo International news, Director Thomas P. Salice sold 1,268 shares of Mettler-Toledo International stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $1,490.18, for a total transaction of $1,889,548.24. Following the transaction, the director now directly owns 244 shares of the company’s stock, valued at $363,603.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Shawn Vadala sold 300 shares of the company’s stock in a transaction on Monday, May 13th. The shares were sold at an average price of $1,457.07, for a total transaction of $437,121.00. Following the completion of the sale, the chief financial officer now directly 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 quarter, insiders have sold 3,278 shares of company stock worth $4,871,849. 1.94% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms recently commented on MTD. 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 research report on Monday, May 13th. Robert W. Baird raised their price target on shares of Mettler-Toledo International from $1,212.00 to $1,360.00 and gave the company a “neutral” rating in a research report on Monday, May 13th. Jefferies Financial Group reaffirmed an “underperform” rating and issued a $1,250.00 price objective (up from $1,230.00) on shares of Mettler-Toledo International in a research 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 Thursday, July 11th. Finally, Stifel Nicolaus boosted their target price on Mettler-Toledo International from $1,270.00 to $1,510.00 and gave the stock a “buy” rating in a research note on Monday, May 13th. Two analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $1,301.25.

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.