Public Employees Retirement System of Ohio Grows Holdings in Mettler-Toledo International Inc. (MTD)

Public Employees Retirement System of Ohio raised its holdings in shares of Mettler-Toledo International Inc. (NYSE:MTD) by 349.8% during the fourth quarter, HoldingsChannel.com reports. The firm owned 56,728 shares of the medical instruments supplier’s stock after acquiring an additional 44,115 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Mettler-Toledo International were worth $35,144,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Dimensional Fund Advisors LP raised its position in shares of Mettler-Toledo International by 6.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 96,295 shares of the medical instruments supplier’s stock valued at $56,671,000 after acquiring an additional 5,659 shares during the period. Macquarie Group Ltd. raised its position in shares of Mettler-Toledo International by 8.1% in the 2nd quarter. Macquarie Group Ltd. now owns 10,146 shares of the medical instruments supplier’s stock valued at $5,971,000 after acquiring an additional 764 shares during the period. Cornerstone Capital Management Holdings LLC. raised its position in shares of Mettler-Toledo International by 17.7% in the 2nd quarter. Cornerstone Capital Management Holdings LLC. now owns 5,279 shares of the medical instruments supplier’s stock valued at $3,106,000 after acquiring an additional 793 shares during the period. Cubist Systematic Strategies LLC raised its position in shares of Mettler-Toledo International by 151.8% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 1,229 shares of the medical instruments supplier’s stock valued at $723,000 after acquiring an additional 741 shares during the period. Finally, Nomura Holdings Inc. raised its position in shares of Mettler-Toledo International by 375.4% in the 2nd quarter. Nomura Holdings Inc. now owns 2,510 shares of the medical instruments supplier’s stock valued at $1,477,000 after acquiring an additional 1,982 shares during the period. Institutional investors own 91.79% of the company’s stock.

A number of analysts recently weighed in on MTD shares. Morgan Stanley increased their price target on shares of Mettler-Toledo International from $535.00 to $545.00 and gave the company an “equal weight” rating in a research report on Friday, November 3rd. Robert W. Baird increased their price target on shares of Mettler-Toledo International from $605.00 to $675.00 and gave the company a “neutral” rating in a research report on Friday, November 3rd. Jefferies Group reiterated a “hold” rating and issued a $600.00 price target on shares of Mettler-Toledo International in a research report on Friday, October 20th. Barclays started coverage on shares of Mettler-Toledo International in a research report on Thursday, January 4th. They issued an “equal weight” rating and a $625.00 price target on the stock. Finally, Evercore ISI started coverage on shares of Mettler-Toledo International in a research report on Wednesday, January 3rd. They issued an “in-line” rating and a $625.00 price target on the stock. Six investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Mettler-Toledo International has a consensus rating of “Buy” and an average price target of $651.44.

In other news, insider Thomas Caratsch sold 1,333 shares of the firm’s stock in a transaction that occurred on Monday, November 27th. The shares were sold at an average price of $634.44, for a total transaction of $845,708.52. Following the completion of the transaction, the insider now directly owns 1,270 shares of the company’s stock, valued at approximately $805,738.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Simon Kirk sold 4,726 shares of the firm’s stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $629.01, for a total transaction of $2,972,701.26. The disclosure for this sale can be found here. Over the last three months, insiders have sold 26,359 shares of company stock valued at $16,640,760. 5.20% of the stock is owned by company insiders.

Shares of Mettler-Toledo International Inc. (NYSE:MTD) opened at $613.87 on Tuesday. Mettler-Toledo International Inc. has a 52 week low of $460.00 and a 52 week high of $697.26. The company has a debt-to-equity ratio of 1.75, a quick ratio of 1.09 and a current ratio of 1.46. The stock has a market capitalization of $15,293.13, a P/E ratio of 43.11, a P/E/G ratio of 2.38 and a beta of 1.08.

Mettler-Toledo International (NYSE:MTD) last posted its earnings results on Thursday, February 8th. The medical instruments supplier reported $5.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.93 by $0.04. Mettler-Toledo International had a return on equity of 94.54% and a net margin of 13.80%. The business had revenue of $778.03 million during the quarter, compared to analysts’ expectations of $764.26 million. During the same period in the prior year, the business earned $5.28 EPS. Mettler-Toledo International’s revenue for the quarter was up 9.6% compared to the same quarter last year. analysts anticipate that Mettler-Toledo International Inc. will post 20.1 earnings per share for the current year.

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About Mettler-Toledo International

Mettler-Toledo International Inc is a supplier of precision instruments and services. The Company operates through five segments: U.S. Operations, Swiss Operations, Western European Operations, Chinese Operations and Other. The Company manufactures weighing instruments for use in laboratory, industrial, packaging, logistics and food retailing applications.

Want to see what other hedge funds are holding MTD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mettler-Toledo International Inc. (NYSE:MTD).

Institutional Ownership by Quarter for Mettler-Toledo International (NYSE:MTD)

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