Mettler-Toledo International Inc. (NYSE:MTD) Shares Sold by Retirement Systems of Alabama

Retirement Systems of Alabama trimmed its position in shares of Mettler-Toledo International Inc. (NYSE:MTD) by 3.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,779 shares of the medical instruments supplier’s stock after selling 165 shares during the period. Retirement Systems of Alabama’s holdings in Mettler-Toledo International were worth $5,797,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of MTD. Commonwealth Equity Services LLC increased its position in shares of Mettler-Toledo International by 32.4% during the third quarter. Commonwealth Equity Services LLC now owns 984 shares of the medical instruments supplier’s stock worth $1,090,000 after acquiring an additional 241 shares during the period. Cambridge Investment Research Advisors Inc. increased its position in shares of Mettler-Toledo International by 154.8% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 856 shares of the medical instruments supplier’s stock worth $949,000 after acquiring an additional 520 shares during the period. Raymond James & Associates increased its position in shares of Mettler-Toledo International by 2.4% during the third quarter. Raymond James & Associates now owns 4,262 shares of the medical instruments supplier’s stock worth $4,723,000 after acquiring an additional 101 shares during the period. Raymond James Financial Services Advisors Inc. increased its position in shares of Mettler-Toledo International by 8.1% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 1,336 shares of the medical instruments supplier’s stock worth $1,480,000 after acquiring an additional 100 shares during the period. Finally, Bailard Inc. increased its position in shares of Mettler-Toledo International by 143.2% during the third quarter. Bailard Inc. now owns 394 shares of the medical instruments supplier’s stock worth $437,000 after acquiring an additional 232 shares during the period. Hedge funds and other institutional investors own 95.07% of the company’s stock.

Mettler-Toledo International Price Performance

NYSE MTD opened at $1,251.95 on Monday. Mettler-Toledo International Inc. has a 1 year low of $928.49 and a 1 year high of $1,496.86. The company has a market capitalization of $26.78 billion, a PE ratio of 34.88, a P/E/G ratio of 3.42 and a beta of 1.16. The company has a fifty day moving average of $1,279.84 and a two-hundred day moving average of $1,184.44.

Mettler-Toledo International (NYSE:MTD) last released its quarterly earnings data on Friday, February 9th. The medical instruments supplier reported $9.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $10.32 by ($0.92). Mettler-Toledo International had a net margin of 20.82% and a negative return on equity of 904.59%. The company had revenue of $934.90 million during the quarter, compared to analyst estimates of $959.45 million. During the same quarter in the prior year, the company earned $12.10 EPS. The business’s revenue was down 11.6% on a year-over-year basis. On average, research analysts expect that Mettler-Toledo International Inc. will post 39.9 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Evercore ISI increased their target price on Mettler-Toledo International from $1,200.00 to $1,300.00 and gave the company an “in-line” rating in a report on Thursday, April 4th. StockNews.com raised Mettler-Toledo International from a “hold” rating to a “buy” rating in a report on Monday, April 29th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $1,233.25.

Insider Transactions at Mettler-Toledo International

In other news, Director Elisha W. Finney sold 251 shares of the stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $1,177.35, for a total transaction of $295,514.85. Following the completion of the sale, the director now owns 316 shares in the company, valued at $372,042.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, Director Elisha W. Finney sold 251 shares of the firm’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $1,177.35, for a total value of $295,514.85. Following the completion of the sale, the director now owns 316 shares in the company, valued at $372,042.60. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Shawn Vadala sold 300 shares of the firm’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $1,210.83, for a total transaction of $363,249.00. Following the completion of the sale, the chief financial officer now owns 4,914 shares of the company’s stock, valued at approximately $5,950,018.62. The disclosure for this sale can be found here. Over the last quarter, insiders sold 951 shares of company stock worth $1,170,256. Company insiders own 1.94% of the company’s stock.

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.