VIRGINIA RETIREMENT SYSTEMS ET Al Invests $16.37 Million in Mettler-Toledo International, Inc. $MTD

VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of Mettler-Toledo International, Inc. (NYSE:MTD) during the 2nd quarter, HoldingsChannel reports. The institutional investor purchased 12,811 shares of the medical instruments supplier’s stock, valued at approximately $16,366,000.

A number of other large investors have also recently added to or reduced their stakes in the business. California State Teachers Retirement System grew its position in Mettler-Toledo International by 114,807.7% in the second quarter. California State Teachers Retirement System now owns 35,100,865 shares of the medical instruments supplier’s stock worth $44,841,706,000 after acquiring an additional 35,070,318 shares during the period. Saudi Central Bank raised its position in Mettler-Toledo International by 88.7% in the second quarter. Saudi Central Bank now owns 1,423 shares of the medical instruments supplier’s stock valued at $1,818,000 after purchasing an additional 669 shares during the period. Maloon Powers Pitre Higgins & Dennehy LLC acquired a new position in shares of Mettler-Toledo International in the 2nd quarter valued at $234,000. Plan A Wealth LLC lifted its stake in shares of Mettler-Toledo International by 10.6% in the 2nd quarter. Plan A Wealth LLC now owns 366 shares of the medical instruments supplier’s stock valued at $468,000 after purchasing an additional 35 shares during the last quarter. Finally, Syon Capital LLC grew its holdings in shares of Mettler-Toledo International by 8.1% during the 2nd quarter. Syon Capital LLC now owns 389 shares of the medical instruments supplier’s stock worth $497,000 after purchasing an additional 29 shares during the period. 95.07% of the stock is currently owned by institutional investors and hedge funds.

Mettler-Toledo International Stock Down 0.0%

Shares of MTD opened at $1,344.87 on Tuesday. The company’s 50-day simple moving average is $1,363.35 and its 200-day simple moving average is $1,274.05. The company has a debt-to-equity ratio of 159.45, a quick ratio of 0.78 and a current ratio of 1.12. Mettler-Toledo International, Inc. has a 1 year low of $1,023.05 and a 1 year high of $1,525.17. The stock has a market capitalization of $26.95 billion, a PE ratio of 30.27, a P/E/G ratio of 2.70 and a beta of 1.22.

Mettler-Toledo International (NYSE:MTD) last announced its quarterly earnings data on Friday, July 31st. The medical instruments supplier reported $11.46 earnings per share for the quarter, beating analysts’ consensus estimates of $10.78 by $0.68. Mettler-Toledo International had a net margin of 21.91% and a negative return on equity of 1,212.14%. The firm had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $1.03 billion. During the same quarter in the previous year, the business posted $10.09 earnings per share. The business’s quarterly revenue was up 4.5% compared to the same quarter last year. Analysts forecast that Mettler-Toledo International, Inc. will post 47.35 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Stifel Nicolaus boosted their price objective on shares of Mettler-Toledo International from $1,400.00 to $1,600.00 and gave the company a “buy” rating in a report on Monday, August 3rd. Robert W. Baird lowered their target price on shares of Mettler-Toledo International from $1,445.00 to $1,194.00 and set a “neutral” rating for the company in a research note on Monday, May 11th. Morgan Stanley lifted their price target on shares of Mettler-Toledo International from $1,275.00 to $1,450.00 and gave the company an “equal weight” rating in a research report on Tuesday, August 4th. JPMorgan Chase & Co. decreased their price objective on shares of Mettler-Toledo International from $1,413.00 to $1,200.00 and set a “neutral” rating on the stock in a report on Monday, May 11th. Finally, Wolfe Research initiated coverage on shares of Mettler-Toledo International in a report on Tuesday, June 2nd. They issued a “peer perform” rating for the company. Six analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $1,445.31.

Insider Buying and Selling at Mettler-Toledo International

In other Mettler-Toledo International news, Director Thomas Salice sold 417 shares of the business’s stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $1,440.41, for a total value of $600,650.97. Following the completion of the transaction, the director owned 292 shares in the company, valued at $420,599.72. The trade was a 58.82% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Patrick Kaltenbach sold 942 shares of the company’s stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $1,425.00, for a total value of $1,342,350.00. Following the sale, the chief executive officer directly owned 4,480 shares in the company, valued at $6,384,000. This represents a 17.37% 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 insiders.

Mettler-Toledo International Profile

Mettler-Toledo International Inc is a global manufacturer and distributor of precision instruments and services for laboratory, industrial and food retail applications. The company’s product portfolio includes laboratory balances and analytical instruments, industrial weighing systems, process analytics and sensors, metal detection and x-ray inspection equipment, checkweighers, and a range of automated inspection and data-management solutions. Mettler-Toledo also provides software, calibration and lifecycle services intended to support compliance, quality control and operational efficiency across customer facilities.

The company serves a broad set of end markets including pharmaceutical and biotech laboratories, chemical and food processors, logistics and manufacturing operations, and retail environments where accurate weighing and inspection are critical.