6,255 Shares in Mettler-Toledo International, Inc. $MTD Bought by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio bought a new stake in Mettler-Toledo International, Inc. (NYSE:MTD) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 6,255 shares of the medical instruments supplier’s stock, valued at approximately $7,991,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. XXEC Inc. purchased a new stake in Mettler-Toledo International during the second quarter worth approximately $77,044,000. BlackRock Inc. acquired a new position in Mettler-Toledo International in the second quarter valued at $2,404,713,000. Capital International Investors grew its holdings in shares of Mettler-Toledo International by 12.7% during the fourth quarter. Capital International Investors now owns 969,067 shares of the medical instruments supplier’s stock worth $1,351,064,000 after purchasing an additional 109,508 shares during the last quarter. T. Rowe Price Investment Management Inc. grew its holdings in shares of Mettler-Toledo International by 0.5% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 691,565 shares of the medical instruments supplier’s stock worth $964,174,000 after purchasing an additional 3,157 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in shares of Mettler-Toledo International by 2.4% during the fourth quarter. Geode Capital Management LLC now owns 597,448 shares of the medical instruments supplier’s stock worth $830,879,000 after purchasing an additional 14,106 shares in the last quarter. 95.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on MTD. Stifel Nicolaus upped their target price on Mettler-Toledo International from $1,400.00 to $1,600.00 and gave the company a “buy” rating in a research report on Monday, August 3rd. Wall Street Zen lowered Mettler-Toledo International from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. Citigroup reduced their price objective on Mettler-Toledo International from $1,700.00 to $1,550.00 and set a “buy” rating for the company in a research note on Friday, May 8th. Royal Bank Of Canada started coverage on Mettler-Toledo International in a report on Tuesday. They issued a “sector perform” rating and a $1,515.00 price objective for the company. Finally, Wells Fargo & Company lifted their target price on shares of Mettler-Toledo International from $1,225.00 to $1,450.00 and gave the company an “equal weight” rating in a report on Monday, August 3rd. Six research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $1,465.75.

Mettler-Toledo International Stock Performance

NYSE MTD opened at $1,374.47 on Wednesday. The company has a quick ratio of 0.78, a current ratio of 1.12 and a debt-to-equity ratio of 159.45. Mettler-Toledo International, Inc. has a 52-week low of $1,023.05 and a 52-week high of $1,525.17. The business’s 50-day moving average price is $1,354.48 and its 200 day moving average price is $1,274.20. The firm has a market cap of $27.54 billion, a P/E ratio of 30.94, a P/E/G ratio of 2.89 and a beta of 1.22.

Mettler-Toledo International (NYSE:MTD) last posted its quarterly earnings data on Friday, July 31st. The medical instruments supplier reported $11.46 EPS for the quarter, beating the consensus estimate of $10.78 by $0.68. Mettler-Toledo International had a negative return on equity of 1,212.14% and a net margin of 21.91%.The firm had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $1.03 billion. During the same period in the prior year, the business earned $10.09 EPS. The firm’s revenue was up 4.5% compared to the same quarter last year. On average, equities research analysts expect that Mettler-Toledo International, Inc. will post 47.35 earnings per share for the current year.

Insider Buying and Selling

In related news, CEO Patrick Kaltenbach sold 942 shares of Mettler-Toledo International stock in a transaction on Thursday, August 27th. The shares were sold at an average price of $1,425.00, for a total value of $1,342,350.00. Following the transaction, the chief executive officer directly owned 4,480 shares in the company, valued at $6,384,000. This trade represents a 17.37% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Gerry Keller sold 240 shares of the business’s stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $1,427.14, for a total transaction of $342,513.60. Following the completion of the transaction, the insider directly owned 259 shares in the company, valued at $369,629.26. This represents a 48.10% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 4,254 shares of company stock worth $6,092,712. 0.71% of the stock is currently owned by company insiders.

Mettler-Toledo International Company Profile

Mettler-Toledo International Inc is a global manufacturer and distributor of precision instruments and services for laboratory, industrial and food retail applications. The company’s product portfolio includes laboratory balances and analytical instruments, industrial weighing systems, process analytics and sensors, metal detection and x-ray inspection equipment, checkweighers, and a range of automated inspection and data-management solutions. Mettler-Toledo also provides software, calibration and lifecycle services intended to support compliance, quality control and operational efficiency across customer facilities.

The company serves a broad set of end markets including pharmaceutical and biotech laboratories, chemical and food processors, logistics and manufacturing operations, and retail environments where accurate weighing and inspection are critical.