Mettler-Toledo International, Inc. $MTD Shares Purchased by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al raised its holdings in Mettler-Toledo International, Inc. (NYSE:MTD) by 13.2% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 14,501 shares of the medical instruments supplier’s stock after acquiring an additional 1,690 shares during the quarter. VIRGINIA RETIREMENT SYSTEMS ET Al owned approximately 0.07% of Mettler-Toledo International worth $21,910,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of MTD. XXEC Inc. acquired a new stake in Mettler-Toledo International in the second quarter valued at $77,044,000. BlackRock Inc. bought a new position in Mettler-Toledo International during the 2nd quarter worth $2,404,713,000. Bank of New York Mellon Corp acquired a new position in Mettler-Toledo International during the 2nd quarter worth about $762,553,000. Wellington Management Group LLP lifted its holdings in Mettler-Toledo International by 908.6% during the 2nd quarter. Wellington Management Group LLP now owns 459,064 shares of the medical instruments supplier’s stock worth $586,459,000 after buying an additional 413,547 shares during the period. Finally, Amundi grew its position in shares of Mettler-Toledo International by 40.7% in the 2nd quarter. Amundi now owns 240,640 shares of the medical instruments supplier’s stock valued at $307,420,000 after buying an additional 69,620 shares during the last quarter. Institutional investors own 95.07% of the company’s stock.

Insider Activity at Mettler-Toledo International

In other news, Director Thomas P. Salice sold 417 shares of the company’s stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $1,440.41, for a total transaction of $600,650.97. Following the transaction, the director owned 292 shares in the company, valued at approximately $420,599.72. This represents a 58.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Gerry Keller sold 240 shares of the stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $1,427.14, for a total transaction of $342,513.60. Following the transaction, the insider directly owned 259 shares in the company, valued at $369,629.26. This trade represents a 48.10% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 4,254 shares of company stock valued at $6,092,712. Company insiders own 0.71% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Morgan Stanley increased their price target on Mettler-Toledo International from $1,450.00 to $1,575.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 13th. Royal Bank Of Canada began coverage on Mettler-Toledo International in a research note on Tuesday, September 1st. They issued a “sector perform” rating and a $1,515.00 price objective on the stock. UBS Group assumed coverage on Mettler-Toledo International in a report on Wednesday, September 9th. They issued a “neutral” rating and a $1,460.00 target price on the stock. Barclays increased their target price on shares of Mettler-Toledo International from $1,575.00 to $1,700.00 and gave the company an “overweight” rating in a research report on Wednesday, October 7th. Finally, Wells Fargo & Company raised their price target on shares of Mettler-Toledo International from $1,225.00 to $1,450.00 and gave the stock an “equal weight” rating in a report on Monday, August 3rd. Six analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $1,469.15.

Mettler-Toledo International Stock Performance

Shares of MTD opened at $1,676.02 on Friday. The company has a current ratio of 1.12, a quick ratio of 0.78 and a debt-to-equity ratio of 159.45. The stock has a market capitalization of $33.59 billion, a P/E ratio of 37.72, a price-to-earnings-growth ratio of 3.37 and a beta of 1.19. The firm’s fifty day simple moving average is $1,494.69 and its two-hundred day simple moving average is $1,340.07. Mettler-Toledo International, Inc. has a 12 month low of $1,023.05 and a 12 month high of $1,728.66.

Mettler-Toledo International (NYSE:MTD) last posted its quarterly earnings data on Friday, July 31st. The medical instruments supplier reported $11.46 earnings per share for the quarter, topping the consensus estimate of $10.78 by $0.68. The firm had revenue of $1.03 billion during the quarter, compared to analyst estimates of $1.03 billion. Mettler-Toledo International had a negative return on equity of 1,212.14% and a net margin of 21.91%. The business’s quarterly revenue was up 4.5% on a year-over-year basis. During the same period last year, the company posted $10.09 EPS. As a group, analysts predict that Mettler-Toledo International, Inc. will post 47.38 EPS for the current year.

Mettler-Toledo International Profile

Mettler-Toledo International Inc (NYSE: MTD) develops and manufactures precision instruments and related services for laboratory, industrial, and retail applications. Its products help customers weigh, measure, analyze, inspect, and control materials and processes with high accuracy.

The company’s laboratory offerings include balances and scales, analytical instruments, titration and pH systems, thermal analysis equipment, spectroscopy products, laboratory automation solutions, and associated software.