Teachers Retirement System of The State of Kentucky Has $2.40 Million Position in Mettler-Toledo International Inc. (NYSE:MTD)

Teachers Retirement System of The State of Kentucky lessened its position in Mettler-Toledo International Inc. (NYSE:MTD) by 6.2% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,720 shares of the medical instruments supplier’s stock after selling 113 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Mettler-Toledo International were worth $2,404,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Capital International Investors raised its holdings in shares of Mettler-Toledo International by 15.1% in the first quarter. Capital International Investors now owns 1,075,420 shares of the medical instruments supplier’s stock valued at $1,431,696,000 after purchasing an additional 141,431 shares during the last quarter. PineStone Asset Management Inc. increased its stake in Mettler-Toledo International by 127.4% in 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 during the last quarter. Principal Financial Group Inc. lifted its position 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 worth $330,169,000 after buying an additional 6,788 shares in the last quarter. TD Asset Management Inc boosted its stake in shares of 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 worth $219,767,000 after buying an additional 2,866 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA grew its holdings in shares of Mettler-Toledo International by 32.5% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 142,944 shares of the medical instruments supplier’s stock valued at $199,777,000 after acquiring an additional 35,048 shares in the last quarter. Institutional investors own 95.07% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on MTD shares. Evercore ISI upped their target price on Mettler-Toledo International from $1,375.00 to $1,450.00 and gave the stock an “in-line” rating in a report on Tuesday. The Goldman Sachs Group increased their price objective on Mettler-Toledo International from $1,150.00 to $1,300.00 and gave the company a “neutral” rating in a report on Tuesday, July 9th. Stifel Nicolaus boosted their target price on shares of Mettler-Toledo International from $1,510.00 to $1,550.00 and gave the stock a “buy” rating in a report on Monday, August 5th. StockNews.com raised shares of Mettler-Toledo International from a “hold” rating to a “buy” rating in a research report on Thursday, July 11th. Finally, JPMorgan Chase & Co. lifted their price objective 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. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, Mettler-Toledo International has an average rating of “Hold” and an average price target of $1,363.75.

Mettler-Toledo International Price Performance

NYSE:MTD opened at $1,452.82 on Friday. The company has a market cap of $31.03 billion, a P/E ratio of 40.74, a P/E/G ratio of 3.75 and a beta of 1.14. The firm’s fifty day moving average price is $1,425.28 and its two-hundred day moving average price is $1,385.84. Mettler-Toledo International Inc. has a one year low of $928.49 and a one year high of $1,546.93.

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

Insider Activity at Mettler-Toledo International

In other news, CFO Shawn Vadala sold 250 shares of Mettler-Toledo International stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $1,401.00, for a total transaction of $350,250.00. Following the completion of the sale, the chief financial officer now owns 4,914 shares of the company’s stock, valued at approximately $6,884,514. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Mettler-Toledo International news, CFO Shawn Vadala sold 250 shares of the 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 transaction, the chief financial officer now owns 4,914 shares in the company, valued at $6,884,514. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Christian Magloth sold 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $1,422.97, for a total transaction of $1,422,970.00. Following the transaction, the insider now directly owns 734 shares in the company, valued at $1,044,459.98. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.94% of the stock is currently owned by corporate insiders.

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.