1,690 Mettler-Toledo International, Inc. $MTD Shares Bought by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al grew its stake in Mettler-Toledo International, Inc. (NYSE:MTD) by 13.2% during the third quarter, Holdings Channel reports. The firm owned 14,501 shares of the medical instruments supplier’s stock after purchasing an additional 1,690 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Mettler-Toledo International were worth $21,910,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. National Pension Service grew its stake in Mettler-Toledo International by 7.9% in the 2nd quarter. National Pension Service now owns 39,696 shares of the medical instruments supplier’s stock valued at $50,712,000 after purchasing an additional 2,916 shares during the period. Aware Super Pty Ltd as trustee of Aware Super purchased a new stake in Mettler-Toledo International during the 1st quarter worth about $26,372,000. Bank of America Corp DE bought a new position in Mettler-Toledo International in the 2nd quarter valued at $240,817,000. Corient Private Wealth LP raised its stake in Mettler-Toledo International by 421.7% in the second quarter. Corient Private Wealth LP now owns 26,147 shares of the medical instruments supplier’s stock valued at $33,402,000 after purchasing an additional 21,135 shares in the last quarter. Finally, Jefferies Financial Group Inc. bought a new position in shares of Mettler-Toledo International during the 2nd quarter valued at about $1,283,000. Institutional investors own 95.07% of the company’s stock.

Mettler-Toledo International Stock Down 2.5%

MTD stock opened at $1,676.02 on Friday. Mettler-Toledo International, Inc. has a twelve month low of $1,023.05 and a twelve month high of $1,728.66. The company has a quick ratio of 0.78, a current ratio of 1.12 and a debt-to-equity ratio of 159.45. The stock has a market cap of $33.59 billion, a P/E ratio of 37.72, a PEG ratio of 3.37 and a beta of 1.19. The business’s 50-day moving average price is $1,494.69 and its 200-day moving average price is $1,340.07.

Mettler-Toledo International (NYSE:MTD) last issued its quarterly earnings results on Friday, July 31st. The medical instruments supplier reported $11.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $10.78 by $0.68. Mettler-Toledo International had a negative return on equity of 1,212.14% and a net margin of 21.91%. The business had revenue of $1.03 billion during the quarter, compared to analyst estimates of $1.03 billion. During the same quarter in the prior year, the business posted $10.09 EPS. Mettler-Toledo International’s revenue for the quarter was up 4.5% compared to the same quarter last year. On average, equities research analysts forecast that Mettler-Toledo International, Inc. will post 47.38 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have recently weighed in on MTD shares. Rothschild & Co Redburn initiated coverage on Mettler-Toledo International in a research note on Wednesday, September 2nd. They set a “sell” rating and a $1,200.00 price objective for the company. Jefferies Financial Group upped their price target on Mettler-Toledo International from $1,400.00 to $1,580.00 and gave the stock a “buy” rating in a research note on Friday, July 31st. Morgan Stanley lifted their target price on shares of Mettler-Toledo International from $1,450.00 to $1,575.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 13th. Wells Fargo & Company upped their price target on Mettler-Toledo International from $1,225.00 to $1,450.00 and gave the company an “equal weight” rating in a report on Monday, August 3rd. Finally, Royal Bank Of Canada started coverage on shares of Mettler-Toledo International in a report on Tuesday, September 1st. They issued a “sector perform” rating and a $1,515.00 target price on the stock. Six research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $1,469.15.

Insider Transactions at Mettler-Toledo International

In other Mettler-Toledo International news, Director Thomas Salice sold 417 shares of Mettler-Toledo International stock in a transaction that occurred on 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. The trade was a 58.82% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Gerry Keller sold 240 shares of the stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $1,427.14, for a total transaction of $342,513.60. Following the transaction, the insider owned 259 shares of the company’s stock, valued at $369,629.26. This trade represents a 48.10% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 4,254 shares of company stock worth $6,092,712. 0.71% of the stock is currently owned by company insiders.

Mettler-Toledo International Company Profile

Mettler-Toledo International Inc (NYSE: MTD) develops and manufactures precision instruments and related services for laboratory, industrial, and retail applications. Its products help customers weigh, measure, analyze, inspect, and control materials and processes with high accuracy.

The company’s laboratory offerings include balances and scales, analytical instruments, titration and pH systems, thermal analysis equipment, spectroscopy products, laboratory automation solutions, and associated software.