Kentucky Retirement Systems Sells 104 Shares of Mettler-Toledo International Inc. (NYSE:MTD)

Kentucky Retirement Systems lessened its holdings in shares of Mettler-Toledo International Inc. (NYSE:MTD) by 6.0% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,631 shares of the medical instruments supplier’s stock after selling 104 shares during the quarter. Kentucky Retirement Systems’ holdings in Mettler-Toledo International were worth $2,171,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of MTD. CVA Family Office LLC bought a new position in shares of Mettler-Toledo International in the fourth quarter valued at approximately $27,000. Raymond James Financial Services Advisors Inc. boosted its position in shares of Mettler-Toledo International by 25.4% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 1,676 shares of the medical instruments supplier’s stock valued at $2,033,000 after acquiring an additional 340 shares during the period. Caprock Group LLC boosted its position in shares of Mettler-Toledo International by 450.2% in the fourth quarter. Caprock Group LLC now owns 1,733 shares of the medical instruments supplier’s stock valued at $2,102,000 after acquiring an additional 1,418 shares during the period. Atlantic Union Bankshares Corp boosted its position in shares of Mettler-Toledo International by 7.1% in the fourth quarter. Atlantic Union Bankshares Corp now owns 1,247 shares of the medical instruments supplier’s stock valued at $1,513,000 after acquiring an additional 83 shares during the period. Finally, Fifth Third Bancorp boosted its position in shares of Mettler-Toledo International by 31.7% in the fourth quarter. Fifth Third Bancorp now owns 752 shares of the medical instruments supplier’s stock valued at $912,000 after acquiring an additional 181 shares during the period. 95.07% of the stock is currently owned by institutional investors.

Insider Transactions at Mettler-Toledo International

In related news, CFO Shawn Vadala sold 300 shares of Mettler-Toledo International stock in a transaction on Monday, May 13th. The shares were sold at an average price of $1,457.07, for a total value of $437,121.00. Following the sale, the chief financial officer now owns 4,914 shares in the company, valued at $7,160,041.98. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, CFO Shawn Vadala sold 300 shares of Mettler-Toledo International stock in a transaction on Monday, May 13th. The shares were sold at an average price of $1,457.07, for a total value of $437,121.00. Following the sale, the chief financial officer now owns 4,914 shares in the company, valued at $7,160,041.98. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Christian Magloth sold 1,100 shares of Mettler-Toledo International stock in a transaction on Monday, May 13th. The shares were sold at an average price of $1,470.97, for a total transaction of $1,618,067.00. Following the completion of the sale, the insider now owns 734 shares in the company, valued at approximately $1,079,691.98. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 3,278 shares of company stock worth $4,871,849. Insiders own 1.94% of the company’s stock.

Wall Street Analyst Weigh In

MTD has been the topic of a number of recent analyst reports. StockNews.com raised shares of Mettler-Toledo International from a “hold” rating to a “buy” rating in a research note on Thursday, July 11th. Evercore ISI raised their target price on shares of Mettler-Toledo International from $1,375.00 to $1,390.00 and gave the company an “in-line” rating in a research note on Tuesday, July 2nd. The Goldman Sachs Group raised their target price on shares of Mettler-Toledo International from $1,150.00 to $1,300.00 and gave the company a “neutral” rating in a research note on Tuesday, July 9th. Stifel Nicolaus raised their target price on shares of Mettler-Toledo International from $1,270.00 to $1,510.00 and gave the company a “buy” rating in a research note on Monday, May 13th. Finally, Citigroup raised their target price on shares of Mettler-Toledo International from $975.00 to $1,200.00 and gave the company a “sell” rating in a research note on Monday, May 13th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $1,301.25.

Mettler-Toledo International Stock Down 0.7 %

Shares of Mettler-Toledo International stock traded down $10.40 on Monday, hitting $1,439.68. The stock had a trading volume of 26,363 shares, compared to its average volume of 143,543. Mettler-Toledo International Inc. has a one year low of $928.49 and a one year high of $1,535.86. The stock has a market cap of $30.75 billion, a price-to-earnings ratio of 40.66, a PEG ratio of 3.89 and a beta of 1.17. The stock’s 50-day simple moving average is $1,415.40 and its two-hundred day simple moving average is $1,318.15.

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 firm had revenue of $925.95 million for the quarter, compared to analysts’ expectations of $879.72 million. During the same quarter last year, the business earned $8.69 earnings per share. The business’s revenue was down .3% on a year-over-year basis. As a group, equities analysts predict that Mettler-Toledo International Inc. will post 40.13 EPS for the current fiscal year.

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.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.