Public Employees Retirement Association of Colorado Sells 142 Shares of Mettler-Toledo International Inc. (NYSE:MTD)

Public Employees Retirement Association of Colorado trimmed its holdings in shares of Mettler-Toledo International Inc. (NYSE:MTD) by 6.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,045 shares of the medical instruments supplier’s stock after selling 142 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Mettler-Toledo International were worth $2,502,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of MTD. Norges Bank bought a new position in shares of Mettler-Toledo International during the 4th quarter worth approximately $372,954,000. Proficio Capital Partners LLC bought a new position in shares of Mettler-Toledo International in the 4th quarter worth $163,216,000. T. Rowe Price Investment Management Inc. lifted its holdings in shares of Mettler-Toledo International by 36.1% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 363,107 shares of the medical instruments supplier’s stock worth $444,327,000 after purchasing an additional 96,300 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in shares of Mettler-Toledo International by 53.0% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 214,281 shares of the medical instruments supplier’s stock worth $262,211,000 after purchasing an additional 74,187 shares in the last quarter. Finally, Seilern Investment Management Ltd bought a new position in shares of Mettler-Toledo International in the 4th quarter worth $89,221,000. 95.07% of the stock is currently owned by institutional investors.

Insider Activity

In related news, insider Christian Magloth sold 790 shares of Mettler-Toledo International stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $1,313.69, for a total value of $1,037,815.10. Following the completion of the sale, the insider now owns 734 shares of the company’s stock, valued at approximately $964,248.46. This trade represents a 51.84 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Gerry Keller sold 600 shares of Mettler-Toledo International stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $1,351.34, for a total value of $810,804.00. Following the completion of the sale, the insider now directly owns 6 shares of the company’s stock, valued at approximately $8,108.04. This trade represents a 99.01 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.94% of the company’s stock.

Analyst Upgrades and Downgrades

MTD has been the topic of a number of recent research reports. Wells Fargo & Company cut their target price on Mettler-Toledo International from $1,400.00 to $1,125.00 and set an “equal weight” rating on the stock in a report on Thursday, April 17th. Citigroup upgraded Mettler-Toledo International from a “neutral” rating to a “buy” rating and set a $1,400.00 target price on the stock in a report on Monday, April 7th. Evercore ISI increased their target price on Mettler-Toledo International from $1,450.00 to $1,475.00 and gave the stock an “outperform” rating in a report on Monday, February 10th. Finally, Robert W. Baird cut their target price on Mettler-Toledo International from $1,369.00 to $1,034.00 and set a “neutral” rating on the stock in a report on Tuesday, April 22nd. One research analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, Mettler-Toledo International currently has an average rating of “Hold” and a consensus target price of $1,304.25.

Mettler-Toledo International Price Performance

Shares of Mettler-Toledo International stock opened at $1,065.28 on Wednesday. Mettler-Toledo International Inc. has a 1 year low of $946.69 and a 1 year high of $1,546.93. The firm has a market cap of $22.20 billion, a PE ratio of 26.28, a P/E/G ratio of 3.30 and a beta of 1.28. The stock has a fifty day moving average price of $1,150.43 and a 200-day moving average price of $1,239.91.

Mettler-Toledo International (NYSE:MTD) last announced its earnings results on Thursday, February 13th. The medical instruments supplier reported $12.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $11.76 by $0.65. Mettler-Toledo International had a negative return on equity of 591.54% and a net margin of 22.29%. As a group, equities analysts anticipate that Mettler-Toledo International Inc. will post 42.71 EPS for the current fiscal year.

Mettler-Toledo International Company Profile

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.