Public Employees Retirement Association of Colorado Sells 56 Shares of Mettler-Toledo International Inc. (NYSE:MTD)

Public Employees Retirement Association of Colorado lessened its position in Mettler-Toledo International Inc. (NYSE:MTD) by 2.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,187 shares of the medical instruments supplier’s stock after selling 56 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in Mettler-Toledo International were worth $3,057,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in MTD. Capital International Investors lifted its holdings 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 valued at $1,431,696,000 after buying an additional 141,431 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in 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 valued at $763,764,000 after buying an additional 360,786 shares in the last quarter. PineStone Asset Management Inc. lifted its holdings in Mettler-Toledo International by 127.4% during the 2nd quarter. PineStone Asset Management Inc. now owns 259,629 shares of the medical instruments supplier’s stock valued at $362,855,000 after buying an additional 145,453 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in Mettler-Toledo International by 2.8% during the 1st quarter. Principal Financial Group Inc. now owns 248,007 shares of the medical instruments supplier’s stock valued at $330,169,000 after buying an additional 6,788 shares in the last quarter. Finally, TD Asset Management Inc lifted its holdings in Mettler-Toledo International by 1.9% during the 2nd quarter. TD Asset Management Inc now owns 157,247 shares of the medical instruments supplier’s stock valued at $219,767,000 after buying an additional 2,866 shares in the last quarter. Institutional investors own 95.07% of the company’s stock.

Mettler-Toledo International Stock Down 2.6 %

Shares of Mettler-Toledo International stock opened at $1,406.11 on Monday. The firm’s 50 day moving average price is $1,408.63 and its 200-day moving average price is $1,376.20. Mettler-Toledo International Inc. has a 52-week low of $928.49 and a 52-week high of $1,546.93. The company has a market cap of $30.03 billion, a P/E ratio of 39.43, a PEG ratio of 3.70 and a beta of 1.14.

Mettler-Toledo International (NYSE:MTD) last issued its quarterly earnings data on Thursday, August 1st. The medical instruments supplier reported $9.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $9.00 by $0.65. The firm had revenue of $946.75 million for the quarter, compared to the consensus estimate of $929.13 million. Mettler-Toledo International had a net margin of 20.95% and a negative return on equity of 575.61%. The company’s quarterly revenue was down 3.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $10.19 EPS. As a group, equities research analysts forecast that Mettler-Toledo International Inc. will post 40.35 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Christian Magloth sold 1,000 shares of Mettler-Toledo International stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $1,422.97, for a total value of $1,422,970.00. Following the completion of the sale, the insider now directly owns 734 shares in the company, valued at approximately $1,044,459.98. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Christian Magloth sold 1,000 shares of Mettler-Toledo International stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $1,422.97, for a total value of $1,422,970.00. Following the completion of the sale, the insider now directly owns 734 shares in the company, valued at approximately $1,044,459.98. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Shawn Vadala sold 250 shares of Mettler-Toledo International stock in a transaction that occurred on Wednesday, August 7th. The shares were sold at an average price of $1,401.00, for a total transaction of $350,250.00. Following the sale, the chief financial officer now owns 4,914 shares of the company’s stock, valued at $6,884,514. The disclosure for this sale can be found here. 1.94% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms have commented on MTD. Wells Fargo & Company began coverage on shares of Mettler-Toledo International in a research report on Tuesday, August 27th. They set an “equal weight” rating and a $1,400.00 target price on the stock. JPMorgan Chase & Co. raised their target price on shares of Mettler-Toledo International from $1,300.00 to $1,400.00 and gave the company a “neutral” rating in a research report on Monday, August 5th. 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 report 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 report on Tuesday, July 9th. Finally, Jefferies Financial Group reissued an “underperform” rating and set a $1,250.00 target price (up previously from $1,230.00) on shares of Mettler-Toledo International in a research report on Monday, June 3rd. Two analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $1,356.25.

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.