Kentucky Retirement Systems Sells 22 Shares of Mettler-Toledo International Inc. (NYSE:MTD)

Kentucky Retirement Systems lessened its position in Mettler-Toledo International Inc. (NYSE:MTD) by 1.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,609 shares of the medical instruments supplier’s stock after selling 22 shares during the period. Kentucky Retirement Systems’ holdings in Mettler-Toledo International were worth $2,249,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in MTD. Family Firm Inc. purchased a new position in Mettler-Toledo International in the 2nd quarter worth approximately $25,000. Rise Advisors LLC purchased a new position in shares of Mettler-Toledo International in the first quarter worth $25,000. Spartan Planning & Wealth Management bought a new position in shares of Mettler-Toledo International during the fourth quarter valued at $27,000. Bellevue Group AG purchased a new stake in shares of Mettler-Toledo International during the fourth quarter valued at $30,000. Finally, Mather Group LLC. bought a new stake in Mettler-Toledo International in the 1st quarter worth about $32,000. Hedge funds and other institutional investors own 95.07% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on MTD shares. The Goldman Sachs Group upped 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. Jefferies Financial Group restated an “underperform” rating and issued a $1,250.00 target price (up previously from $1,230.00) on shares of Mettler-Toledo International in a report on Monday, June 3rd. Wells Fargo & Company assumed coverage on shares of Mettler-Toledo International in a research note on Tuesday, August 27th. They set an “equal weight” rating and a $1,400.00 target price for the company. Evercore ISI increased their target price on Mettler-Toledo International from $1,375.00 to $1,390.00 and gave the company an “in-line” rating in a report on Tuesday, July 2nd. Finally, Stifel Nicolaus boosted their target price on shares of Mettler-Toledo International from $1,510.00 to $1,550.00 and gave the company a “buy” rating in a research report on Monday, August 5th. 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, Mettler-Toledo International currently has a consensus rating of “Hold” and a consensus price target of $1,356.25.

Mettler-Toledo International Price Performance

Shares of NYSE MTD opened at $1,406.11 on Friday. Mettler-Toledo International Inc. has a 1 year low of $928.49 and a 1 year high of $1,546.93. The firm has a fifty day moving average price of $1,408.63 and a 200-day moving average price of $1,375.15. The stock has a market cap of $30.03 billion, a PE ratio of 39.43, a price-to-earnings-growth ratio of 3.70 and a beta of 1.14.

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

Insider Buying and Selling

In other 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 transaction of $1,422,970.00. Following the sale, the insider now owns 734 shares in the company, valued at $1,044,459.98. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other Mettler-Toledo International news, CFO Shawn Vadala sold 250 shares of the stock in a transaction dated 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 completion of the transaction, the chief financial officer now owns 4,914 shares of the company’s stock, valued at approximately $6,884,514. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Christian Magloth sold 1,000 shares of Mettler-Toledo International stock in a transaction dated Thursday, August 15th. The stock was 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 $1,044,459.98. The disclosure for this sale can be found here. 1.94% of the stock is owned by insiders.

Mettler-Toledo International Company 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.