6,255 Shares in Mettler-Toledo International, Inc. $MTD Acquired by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio bought a new position in shares of Mettler-Toledo International, Inc. (NYSE:MTD) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 6,255 shares of the medical instruments supplier’s stock, valued at approximately $7,991,000.

Other large investors have also modified their holdings of the company. Meridian Wealth Management LLC increased its position in shares of Mettler-Toledo International by 1.7% during the 4th quarter. Meridian Wealth Management LLC now owns 488 shares of the medical instruments supplier’s stock worth $680,000 after purchasing an additional 8 shares during the last quarter. EverSource Wealth Advisors LLC boosted its stake in Mettler-Toledo International by 2.7% during the fourth quarter. EverSource Wealth Advisors LLC now owns 302 shares of the medical instruments supplier’s stock worth $421,000 after buying an additional 8 shares during the period. Values First Advisors Inc. increased its position in shares of Mettler-Toledo International by 1.3% during the first quarter. Values First Advisors Inc. now owns 625 shares of the medical instruments supplier’s stock valued at $789,000 after acquiring an additional 8 shares during the last quarter. Torray Investment Partners LLC increased its position in shares of Mettler-Toledo International by 0.5% during the first quarter. Torray Investment Partners LLC now owns 1,677 shares of the medical instruments supplier’s stock valued at $2,115,000 after acquiring an additional 8 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC raised its stake in shares of Mettler-Toledo International by 1.0% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 927 shares of the medical instruments supplier’s stock valued at $1,181,000 after acquiring an additional 9 shares during the period. Institutional investors and hedge funds own 95.07% of the company’s stock.

Insider Buying and Selling

In other Mettler-Toledo International news, Director Thomas P. Salice sold 417 shares of the stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $1,440.41, for a total value of $600,650.97. Following the sale, the director owned 292 shares of the company’s stock, valued at $420,599.72. This trade represents a 58.82% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Gerry Keller sold 240 shares of Mettler-Toledo International stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $1,427.14, for a total value of $342,513.60. Following the completion of the transaction, the insider owned 259 shares of the company’s stock, valued at $369,629.26. The trade was a 48.10% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 4,254 shares of company stock valued at $6,092,712. 0.71% of the stock is currently owned by company insiders.

Mettler-Toledo International Price Performance

Mettler-Toledo International stock opened at $1,374.47 on Wednesday. The company has a quick ratio of 0.78, a current ratio of 1.12 and a debt-to-equity ratio of 159.45. Mettler-Toledo International, Inc. has a 52-week low of $1,023.05 and a 52-week high of $1,525.17. The firm has a market cap of $27.54 billion, a PE ratio of 30.94, a price-to-earnings-growth ratio of 2.89 and a beta of 1.22. The company’s 50 day moving average is $1,354.48 and its two-hundred day moving average is $1,274.20.

Mettler-Toledo International (NYSE:MTD) last posted its quarterly earnings results on Friday, July 31st. The medical instruments supplier reported $11.46 EPS for the quarter, topping the consensus estimate of $10.78 by $0.68. Mettler-Toledo International had a net margin of 21.91% and a negative return on equity of 1,212.14%. The business had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $1.03 billion. During the same quarter in the previous year, the firm posted $10.09 earnings per share. The company’s quarterly revenue was up 4.5% compared to the same quarter last year. On average, research analysts expect that Mettler-Toledo International, Inc. will post 47.35 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts recently weighed in on MTD shares. Wells Fargo & Company increased their price objective on shares of Mettler-Toledo International from $1,225.00 to $1,450.00 and gave the stock an “equal weight” rating in a research report on Monday, August 3rd. JPMorgan Chase & Co. lowered their price target on Mettler-Toledo International from $1,413.00 to $1,200.00 and set a “neutral” rating for the company in a research report on Monday, May 11th. Weiss Ratings raised Mettler-Toledo International from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, August 4th. Royal Bank Of Canada started coverage on Mettler-Toledo International in a report on Tuesday. They issued a “sector perform” rating and a $1,515.00 price objective on the stock. Finally, Jefferies Financial Group raised their target price on Mettler-Toledo International from $1,400.00 to $1,580.00 and gave the company a “buy” rating in a report on Friday, July 31st. Six investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat, Mettler-Toledo International has an average rating of “Hold” and a consensus price target of $1,465.75.

Mettler-Toledo International Company Profile

Mettler-Toledo International Inc is a global manufacturer and distributor of precision instruments and services for laboratory, industrial and food retail applications. The company’s product portfolio includes laboratory balances and analytical instruments, industrial weighing systems, process analytics and sensors, metal detection and x-ray inspection equipment, checkweighers, and a range of automated inspection and data-management solutions. Mettler-Toledo also provides software, calibration and lifecycle services intended to support compliance, quality control and operational efficiency across customer facilities.

The company serves a broad set of end markets including pharmaceutical and biotech laboratories, chemical and food processors, logistics and manufacturing operations, and retail environments where accurate weighing and inspection are critical.