California State Teachers Retirement System Buys 305 Shares of Mettler-Toledo International Inc. (NYSE:MTD)

California State Teachers Retirement System increased its stake in shares of Mettler-Toledo International Inc. (NYSE:MTD) by 0.9% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 35,950 shares of the medical instruments supplier’s stock after buying an additional 305 shares during the period. California State Teachers Retirement System owned 0.17% of Mettler-Toledo International worth $47,860,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. Bank of New York Mellon Corp lifted its holdings in shares of Mettler-Toledo International by 169.4% during the 1st quarter. Bank of New York Mellon Corp now owns 573,702 shares of the medical instruments supplier’s stock worth $763,764,000 after acquiring an additional 360,786 shares during the period. Norges Bank acquired a new position in Mettler-Toledo International during the 4th quarter worth approximately $320,847,000. Capital International Investors increased its position in Mettler-Toledo International by 15.1% during the 1st quarter. Capital International Investors now owns 1,075,420 shares of the medical instruments supplier’s stock worth $1,431,696,000 after purchasing an additional 141,431 shares in the last quarter. Principal Financial Group Inc. increased its position in Mettler-Toledo International by 65.4% during the 4th quarter. Principal Financial Group Inc. now owns 241,219 shares of the medical instruments supplier’s stock worth $292,589,000 after purchasing an additional 95,421 shares in the last quarter. Finally, International Assets Investment Management LLC increased its position in Mettler-Toledo International by 109,458.1% during the 4th quarter. International Assets Investment Management LLC now owns 67,926 shares of the medical instruments supplier’s stock worth $82,392,000 after purchasing an additional 67,864 shares in the last quarter. Institutional investors own 95.07% of the company’s stock.

Mettler-Toledo International Trading Up 1.5 %

NYSE MTD traded up $22.50 on Thursday, hitting $1,543.53. 2,043 shares of the company were exchanged, compared to its average volume of 143,451. The company has a market cap of $32.97 billion, a PE ratio of 42.66, a PEG ratio of 4.05 and a beta of 1.17. Mettler-Toledo International Inc. has a 12 month low of $928.49 and a 12 month high of $1,545.88. The stock has a fifty day moving average of $1,414.21 and a 200-day moving average of $1,323.71.

Mettler-Toledo International (NYSE:MTD) last issued its earnings results on Thursday, May 9th. The medical instruments supplier reported $8.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.61 by $1.28. Mettler-Toledo International had a net margin of 20.55% and a negative return on equity of 662.32%. The business had revenue of $925.95 million for the quarter, compared to analyst estimates of $879.72 million. During the same period in the prior year, the firm earned $8.69 earnings per share. Mettler-Toledo International’s revenue was down .3% on a year-over-year basis. On average, analysts expect that Mettler-Toledo International Inc. will post 40.13 earnings per share for the current year.

Insider Buying and Selling at Mettler-Toledo International

In other Mettler-Toledo International news, insider Christian Magloth sold 1,100 shares of the firm’s stock in a transaction on Monday, May 13th. The shares were sold at an average price of $1,470.97, for a total value of $1,618,067.00. Following the transaction, the insider now directly owns 734 shares of the company’s stock, valued at $1,079,691.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Christian Magloth sold 1,100 shares of the stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $1,470.97, for a total value of $1,618,067.00. Following the completion of the sale, the insider now owns 734 shares in the company, valued at $1,079,691.98. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Thomas P. Salice sold 1,268 shares of the stock in a transaction dated 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 completion of the sale, the director now owns 244 shares of the company’s stock, valued at approximately $363,603.92. The disclosure for this sale can be found here. Over the last three months, insiders have sold 3,278 shares of company stock valued at $4,871,849. Corporate insiders own 1.94% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. StockNews.com upgraded shares of Mettler-Toledo International from a “hold” rating to a “buy” rating in a research report on Thursday, July 11th. Stifel Nicolaus upped their price target on shares of Mettler-Toledo International from $1,270.00 to $1,510.00 and gave the company a “buy” rating in a research report on Monday, May 13th. Jefferies Financial Group reiterated an “underperform” rating and set 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. Citigroup increased their price objective on shares of Mettler-Toledo International from $975.00 to $1,200.00 and gave the stock a “sell” rating in a research report on Monday, May 13th. Finally, The Goldman Sachs Group increased their price objective on shares of Mettler-Toledo International from $1,150.00 to $1,300.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 9th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $1,301.25.

About Mettler-Toledo International

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.