Oregon Public Employees Retirement Fund increased its stake in shares of Mettler-Toledo International, Inc. (NYSE:MTD) by 11.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,772 shares of the medical instruments supplier’s stock after buying an additional 1,300 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Mettler-Toledo International were worth $7,517,000 at the end of the most recent reporting period.
A number of other institutional investors also recently bought and sold shares of MTD. Israel Discount Bank of New York bought a new position in Mettler-Toledo International during the first quarter valued at $102,000. YorkBridge Wealth Partners LLC raised its position in Mettler-Toledo International by 11.0% in the first quarter. YorkBridge Wealth Partners LLC now owns 222 shares of the medical instruments supplier’s stock valued at $115,000 after buying an additional 22 shares during the period. TLP Group LLC bought a new position in Mettler-Toledo International during the first quarter valued at $144,000. Penserra Capital Management LLC raised its position in Mettler-Toledo International by 9.5% in the first quarter. Penserra Capital Management LLC now owns 414 shares of the medical instruments supplier’s stock valued at $198,000 after buying an additional 36 shares during the period. Finally, Fernwood Investment Management LLC bought a new position in Mettler-Toledo International during the first quarter valued at $204,000. Institutional investors own 95.31% of the company’s stock.
Mettler-Toledo International, Inc. (NYSE MTD) opened at 608.76 on Thursday. The stock has a 50 day moving average price of $593.58 and a 200-day moving average price of $511.12. The company has a market capitalization of $15.72 billion, a price-to-earnings ratio of 39.72 and a beta of 1.14. Mettler-Toledo International, Inc. has a 1-year low of $380.35 and a 1-year high of $612.94.
Mettler-Toledo International (NYSE:MTD) last issued its earnings results on Thursday, May 4th. The medical instruments supplier reported $3.34 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $3.08 by $0.26. The company had revenue of $594.57 million for the quarter, compared to analysts’ expectations of $571.30 million. Mettler-Toledo International had a net margin of 16.04% and a return on equity of 90.28%. Mettler-Toledo International’s quarterly revenue was up 10.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.46 EPS. Equities analysts predict that Mettler-Toledo International, Inc. will post $17.22 earnings per share for the current year.
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Several equities analysts have weighed in on the company. Zacks Investment Research upgraded Mettler-Toledo International from a “hold” rating to a “buy” rating and set a $665.00 target price on the stock in a report on Wednesday, June 7th. Cleveland Research upgraded Mettler-Toledo International from a “neutral” rating to a “buy” rating in a report on Wednesday, April 19th. BidaskClub upgraded Mettler-Toledo International from a “buy” rating to a “strong-buy” rating in a report on Wednesday, July 12th. Finally, Wells Fargo & Company upgraded Mettler-Toledo International from a “market perform” rating to an “outperform” rating in a report on Wednesday, July 12th. Five investment analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. Mettler-Toledo International currently has a consensus rating of “Buy” and an average target price of $513.17.
In other Mettler-Toledo International news, insider Waldemar Rauch sold 1,100 shares of the stock in a transaction dated Tuesday, June 6th. The shares were sold at an average price of $595.91, for a total value of $655,501.00. Following the transaction, the insider now directly owns 3,065 shares of the company’s stock, valued at approximately $1,826,464.15. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Shawn Vadala sold 700 shares of the stock in a transaction dated Monday, May 8th. The shares were sold at an average price of $543.64, for a total transaction of $380,548.00. Following the completion of the transaction, the chief financial officer now directly owns 6,225 shares in the company, valued at $3,384,159. The disclosure for this sale can be found here. Over the last three months, insiders sold 52,046 shares of company stock worth $28,826,702. Insiders own 5.20% of the company’s stock.
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.
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