New York State Teachers Retirement System Has $23.50 Million Stock Position in Mettler-Toledo International Inc. (NYSE:MTD)

New York State Teachers Retirement System cut its holdings in Mettler-Toledo International Inc. (NYSE:MTD) by 5.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 19,200 shares of the medical instruments supplier’s stock after selling 1,146 shares during the quarter. New York State Teachers Retirement System’s holdings in Mettler-Toledo International were worth $23,495,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. DT Investment Partners LLC lifted its position in shares of Mettler-Toledo International by 13.3% during the 3rd quarter. DT Investment Partners LLC now owns 68 shares of the medical instruments supplier’s stock valued at $102,000 after acquiring an additional 8 shares during the period. Bleakley Financial Group LLC increased its stake in Mettler-Toledo International by 1.2% in the third quarter. Bleakley Financial Group LLC now owns 757 shares of the medical instruments supplier’s stock valued at $1,135,000 after purchasing an additional 9 shares in the last quarter. Suncoast Equity Management raised its holdings in shares of Mettler-Toledo International by 2.0% during the third quarter. Suncoast Equity Management now owns 460 shares of the medical instruments supplier’s stock valued at $690,000 after purchasing an additional 9 shares during the period. Huntington National Bank boosted its position in shares of Mettler-Toledo International by 20.0% during the 3rd quarter. Huntington National Bank now owns 54 shares of the medical instruments supplier’s stock worth $81,000 after purchasing an additional 9 shares in the last quarter. Finally, Townsquare Capital LLC grew its stake in shares of Mettler-Toledo International by 2.0% in the 3rd quarter. Townsquare Capital LLC now owns 462 shares of the medical instruments supplier’s stock valued at $693,000 after buying an additional 9 shares during the period. 95.07% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

MTD has been the topic of a number of research reports. Citigroup raised Mettler-Toledo International from a “sell” rating to a “neutral” rating and upped their price target for the stock from $1,200.00 to $1,300.00 in a research note on Wednesday, December 11th. Wells Fargo & Company increased their target price on Mettler-Toledo International from $1,350.00 to $1,400.00 and gave the stock an “equal weight” rating in a report on Monday, February 10th. Stifel Nicolaus decreased their price target on shares of Mettler-Toledo International from $1,550.00 to $1,450.00 and set a “buy” rating for the company in a research note on Monday, November 11th. Wolfe Research started coverage on shares of Mettler-Toledo International in a report on Friday, December 13th. They set a “peer perform” rating on the stock. Finally, Robert W. Baird lifted their price objective on shares of Mettler-Toledo International from $1,362.00 to $1,369.00 and gave the company a “neutral” rating in a report on Monday, February 10th. One analyst has rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $1,368.00.

Mettler-Toledo International Stock Down 1.8 %

Mettler-Toledo International stock opened at $1,273.44 on Friday. Mettler-Toledo International Inc. has a 52 week low of $1,142.91 and a 52 week high of $1,546.93. The company’s 50 day moving average price is $1,284.29 and its two-hundred day moving average price is $1,339.88. The stock has a market cap of $26.87 billion, a P/E ratio of 31.42, a P/E/G ratio of 4.80 and a beta of 1.13.

Mettler-Toledo International (NYSE:MTD) last issued its quarterly earnings results on Thursday, February 13th. The medical instruments supplier reported $12.41 EPS for the quarter, topping analysts’ consensus estimates of $11.76 by $0.65. Mettler-Toledo International had a negative return on equity of 564.51% and a net margin of 22.29%. On average, equities analysts anticipate that Mettler-Toledo International Inc. will post 41.94 EPS for the current year.

Insider Activity at Mettler-Toledo International

In related news, insider Gerry Keller sold 600 shares of Mettler-Toledo International stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $1,351.34, for a total value of $810,804.00. Following the sale, the insider now owns 6 shares of the company’s stock, valued at approximately $8,108.04. The trade was a 99.01 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.94% of the stock is owned by company insiders.

Mettler-Toledo International 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.