Oregon Public Employees Retirement Fund increased its position in shares of Mettler-Toledo International, Inc. (NYSE:MTD) by 11.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund 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 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. FMR LLC increased its stake in shares of Mettler-Toledo International by 0.4% in the first quarter. FMR LLC now owns 2,765,423 shares of the medical instruments supplier’s stock worth $1,324,389,000 after buying an additional 9,729 shares during the period. Vanguard Group Inc. increased its stake in shares of Mettler-Toledo International by 0.7% in the first quarter. Vanguard Group Inc. now owns 2,547,233 shares of the medical instruments supplier’s stock worth $1,219,895,000 after buying an additional 17,242 shares during the period. BlackRock Inc. increased its stake in shares of Mettler-Toledo International by 1,735.6% in the first quarter. BlackRock Inc. now owns 1,748,149 shares of the medical instruments supplier’s stock worth $837,207,000 after buying an additional 1,652,915 shares during the period. State Street Corp increased its stake in shares of Mettler-Toledo International by 2.4% in the first quarter. State Street Corp now owns 1,155,191 shares of the medical instruments supplier’s stock worth $553,237,000 after buying an additional 26,930 shares during the period. Finally, Baillie Gifford & Co. increased its stake in shares of Mettler-Toledo International by 1.5% in the first quarter. Baillie Gifford & Co. now owns 639,613 shares of the medical instruments supplier’s stock worth $306,317,000 after buying an additional 9,219 shares during the period. Hedge funds and other institutional investors own 95.42% of the company’s stock.
Mettler-Toledo International, Inc. (NYSE:MTD) traded down 2.88% during trading on Friday, reaching $578.06. The company’s stock had a trading volume of 304,856 shares. The stock has a market capitalization of $14.89 billion, a price-to-earnings ratio of 35.55 and a beta of 1.14. Mettler-Toledo International, Inc. has a 52 week low of $386.01 and a 52 week high of $618.13. The firm has a 50 day moving average of $595.03 and a 200 day moving average of $518.73.
Mettler-Toledo International (NYSE:MTD) last released its quarterly earnings results on Thursday, July 27th. The medical instruments supplier reported $3.92 EPS for the quarter, beating the Zacks’ consensus estimate of $3.89 by $0.03. The firm had revenue of $653.70 million for the quarter, compared to analyst estimates of $646.68 million. Mettler-Toledo International had a net margin of 16.60% and a return on equity of 95.46%. The company’s revenue for the quarter was up 7.5% compared to the same quarter last year. During the same period in the previous year, the business earned $3.22 earnings per share. Analysts expect that Mettler-Toledo International, Inc. will post $17.27 EPS for the current year.
A number of analysts have issued reports on the company. Zacks Investment Research raised Mettler-Toledo International from a “hold” rating to a “buy” rating and set a $665.00 price target for the company in a report on Wednesday, June 7th. Cleveland Research upgraded Mettler-Toledo International from a “neutral” rating to a “buy” rating in a research report on Wednesday, April 19th. BidaskClub upgraded Mettler-Toledo International from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, July 12th. Jefferies Group LLC reiterated a “hold” rating and set a $550.00 target price on shares of Mettler-Toledo International in a research report on Thursday. Finally, Wells Fargo & Company upgraded Mettler-Toledo International from a “market perform” rating to an “outperform” rating in a research report on Wednesday, July 12th. Four investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $544.00.
In other news, insider Simon Kirk sold 811 shares of the company’s stock in a transaction that occurred on Thursday, June 1st. The shares were sold at an average price of $586.03, for a total transaction of $475,270.33. Following the transaction, the insider now directly owns 1,971 shares in the company, valued at $1,155,065.13. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Waldemar Rauch sold 1,100 shares of the company’s stock in a transaction that occurred on Tuesday, June 6th. The stock was sold at an average price of $595.91, for a total transaction of $655,501.00. Following the transaction, the insider now owns 3,065 shares in the company, valued at $1,826,464.15. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 52,046 shares of company stock worth $28,826,702. Company insiders own 5.20% of the company’s stock.
Mettler-Toledo International Company Profile
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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