Mettler-Toledo International Inc. (NYSE:MTD) Shares Sold by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund decreased its position in Mettler-Toledo International Inc. (NYSE:MTD) by 8.9% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 7,348 shares of the medical instruments supplier’s stock after selling 718 shares during the period. Illinois Municipal Retirement Fund’s holdings in Mettler-Toledo International were worth $8,992,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Blue Trust Inc. lifted its holdings in Mettler-Toledo International by 242.9% in the 3rd quarter. Blue Trust Inc. now owns 24 shares of the medical instruments supplier’s stock valued at $34,000 after acquiring an additional 17 shares during the last quarter. Ashton Thomas Securities LLC bought a new stake in shares of Mettler-Toledo International in the 3rd quarter worth approximately $37,000. Sound Income Strategies LLC raised its holdings in shares of Mettler-Toledo International by 4,500.0% in the 4th quarter. Sound Income Strategies LLC now owns 46 shares of the medical instruments supplier’s stock worth $56,000 after purchasing an additional 45 shares in the last quarter. Huntington National Bank boosted its holdings in Mettler-Toledo International by 20.0% during the third quarter. Huntington National Bank now owns 54 shares of the medical instruments supplier’s stock worth $81,000 after buying an additional 9 shares in the last quarter. Finally, Itau Unibanco Holding S.A. grew its position in Mettler-Toledo International by 80.0% in the third quarter. Itau Unibanco Holding S.A. now owns 54 shares of the medical instruments supplier’s stock worth $81,000 after buying an additional 24 shares during the last quarter. Institutional investors own 95.07% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on MTD. Stifel Nicolaus reduced their price objective on 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. Robert W. Baird increased their price target on Mettler-Toledo International from $1,362.00 to $1,369.00 and gave the company a “neutral” rating in a research report on Monday, February 10th. Citigroup upgraded Mettler-Toledo International from a “sell” rating to a “neutral” rating and boosted their price objective for the stock from $1,200.00 to $1,300.00 in a report on Wednesday, December 11th. Wells Fargo & Company raised their target price on shares of 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. Finally, Evercore ISI boosted their price target on shares of Mettler-Toledo International from $1,450.00 to $1,475.00 and gave the company an “outperform” rating in a report on Monday, February 10th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $1,368.00.

Mettler-Toledo International Price Performance

NYSE MTD opened at $1,310.50 on Wednesday. The firm has a market capitalization of $27.42 billion, a price-to-earnings ratio of 32.33, a price-to-earnings-growth ratio of 3.30 and a beta of 1.13. The company has a 50 day simple moving average of $1,287.86 and a 200-day simple moving average of $1,331.78. Mettler-Toledo International Inc. has a 52-week low of $1,142.91 and a 52-week high of $1,546.93.

Mettler-Toledo International (NYSE:MTD) last released its earnings results on Thursday, February 13th. The medical instruments supplier reported $12.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $11.76 by $0.65. Mettler-Toledo International had a net margin of 22.29% and a negative return on equity of 591.54%. On average, analysts predict that Mettler-Toledo International Inc. will post 42.71 EPS for the current year.

Insider Activity at Mettler-Toledo International

In other news, insider Gerry Keller sold 600 shares of the firm’s stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $1,351.34, for a total transaction of $810,804.00. Following the completion of the sale, the insider now directly owns 6 shares of the company’s stock, valued at $8,108.04. This trade represents a 99.01 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.94% of the company’s stock.

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.