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

Teachers Retirement System of The State of Kentucky lowered its holdings in Mettler-Toledo International Inc. (NYSE:MTD) by 6.5% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,609 shares of the medical instruments supplier’s stock after selling 111 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Mettler-Toledo International were worth $2,413,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the business. Family Firm Inc. purchased a new stake in shares of Mettler-Toledo International during the second quarter worth $25,000. Blue Trust Inc. boosted its stake in shares of Mettler-Toledo International by 242.9% in the 3rd quarter. Blue Trust Inc. now owns 24 shares of the medical instruments supplier’s stock valued at $34,000 after buying an additional 17 shares during the period. Ashton Thomas Securities LLC acquired a new position in shares of Mettler-Toledo International during the third quarter worth about $37,000. Rothschild Investment LLC purchased a new stake in shares of Mettler-Toledo International during the second quarter worth approximately $42,000. Finally, Itau Unibanco Holding S.A. acquired a new stake in Mettler-Toledo International in the second quarter valued at approximately $42,000. 95.07% of the stock is currently owned by institutional investors and hedge funds.

Mettler-Toledo International Stock Up 0.0 %

Shares of NYSE MTD opened at $1,276.98 on Monday. The business has a 50-day moving average price of $1,305.85 and a 200 day moving average price of $1,376.41. The stock has a market cap of $26.95 billion, a PE ratio of 34.43, a price-to-earnings-growth ratio of 4.19 and a beta of 1.13. Mettler-Toledo International Inc. has a 52-week low of $1,115.64 and a 52-week high of $1,546.93.

Mettler-Toledo International (NYSE:MTD) last announced its earnings results on Thursday, November 7th. The medical instruments supplier reported $10.21 earnings per share for the quarter, topping the consensus estimate of $10.00 by $0.21. The business had revenue of $954.54 million during the quarter, compared to the consensus estimate of $941.93 million. Mettler-Toledo International had a net margin of 21.15% and a negative return on equity of 531.78%. Sell-side analysts anticipate that Mettler-Toledo International Inc. will post 40.42 earnings per share for the current year.

Insider Activity

In other Mettler-Toledo International news, Director Elisha W. Finney sold 76 shares of the company’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $1,311.75, for a total transaction of $99,693.00. Following the completion of the transaction, the director now owns 240 shares in the company, valued at approximately $314,820. This represents a 24.05 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Gerry Keller sold 140 shares of Mettler-Toledo International stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $1,254.09, for a total transaction of $175,572.60. Following the completion of the sale, the insider now directly owns 6 shares in the company, valued at approximately $7,524.54. The trade was a 95.89 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.94% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on MTD shares. Wolfe Research assumed coverage on shares of Mettler-Toledo International in a report on Friday. They set a “peer perform” rating for the company. Citigroup upgraded shares of Mettler-Toledo International from a “sell” rating to a “neutral” rating and boosted their target price for the stock from $1,200.00 to $1,300.00 in a research note on Wednesday, December 11th. Stifel Nicolaus cut their price target on Mettler-Toledo International from $1,550.00 to $1,450.00 and set a “buy” rating on the stock in a research note on Monday, November 11th. Wells Fargo & Company decreased their price target on Mettler-Toledo International from $1,400.00 to $1,350.00 and set an “equal weight” rating for the company in a report on Monday, November 11th. Finally, Evercore ISI increased their price objective on Mettler-Toledo International from $1,375.00 to $1,450.00 and gave the company an “in-line” rating in a report on Tuesday, October 1st. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $1,351.25.

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.