California State Teachers Retirement System Sells 3,071 Shares of Mettler-Toledo International, Inc. $MTD

California State Teachers Retirement System lessened its holdings in shares of Mettler-Toledo International, Inc. (NYSE:MTD - Free Report) by 10.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 27,476 shares of the medical instruments supplier's stock after selling 3,071 shares during the quarter. California State Teachers Retirement System owned approximately 0.14% of Mettler-Toledo International worth $35,100,865 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of MTD. Whipplewood Advisors LLC acquired a new stake in shares of Mettler-Toledo International during the 1st quarter worth about $25,000. Reflection Asset Management bought a new stake in Mettler-Toledo International during the 4th quarter valued at approximately $26,000. Edmond DE Rothschild Holding S.A. acquired a new stake in shares of Mettler-Toledo International during the 2nd quarter worth about $26,000. Elyxium Wealth LLC acquired a new position in shares of Mettler-Toledo International in the 4th quarter valued at $29,000. Finally, Transamerica Financial Advisors LLC bought a new position in Mettler-Toledo International in the second quarter valued at $32,000. 95.07% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Mettler-Toledo International news, CFO Shawn Vadala sold 2,240 shares of the company's stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $1,432.00, for a total value of $3,207,680.00. Following the completion of the sale, the chief financial officer directly owned 5,579 shares in the company, valued at $7,989,128. This represents a 28.65% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Gerry Keller sold 240 shares of the company's stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $1,427.14, for a total value of $342,513.60. Following the completion of the sale, the insider directly owned 259 shares of the company's stock, valued at approximately $369,629.26. This trade represents a 48.10% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 4,254 shares of company stock valued at $6,092,712. Insiders own 0.71% of the company's stock.

Mettler-Toledo International Stock Up 3.2%

Shares of NYSE:MTD traded up $41.60 during midday trading on Tuesday, reaching $1,327.36. 80,001 shares of the company were exchanged, compared to its average volume of 176,206. The firm has a market cap of $26.60 billion, a PE ratio of 29.88, a P/E/G ratio of 2.59 and a beta of 1.22. The stock has a fifty day simple moving average of $1,363.02 and a two-hundred day simple moving average of $1,271.05. Mettler-Toledo International, Inc. has a fifty-two week low of $1,023.05 and a fifty-two week high of $1,525.17. The company has a quick ratio of 0.78, a current ratio of 1.12 and a debt-to-equity ratio of 159.45.

Mettler-Toledo International (NYSE:MTD - Get Free Report) last issued its quarterly earnings results on Friday, July 31st. The medical instruments supplier reported $11.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $10.78 by $0.68. The firm had revenue of $1.03 billion for the quarter, compared to analyst estimates of $1.03 billion. Mettler-Toledo International had a negative return on equity of 1,212.14% and a net margin of 21.91%.The company's revenue was up 4.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $10.09 earnings per share. As a group, sell-side analysts forecast that Mettler-Toledo International, Inc. will post 47.35 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Jefferies Financial Group boosted their target price on Mettler-Toledo International from $1,400.00 to $1,580.00 and gave the company a "buy" rating in a research report on Friday, July 31st. UBS Group assumed coverage on shares of Mettler-Toledo International in a report on Wednesday, September 9th. They set a "neutral" rating and a $1,460.00 price objective for the company. Wolfe Research began coverage on shares of Mettler-Toledo International in a research report on Tuesday, June 2nd. They issued a "peer perform" rating on the stock. Barclays raised their target price on shares of Mettler-Toledo International from $1,300.00 to $1,575.00 and gave the stock an "overweight" rating in a research note on Monday, August 3rd. Finally, Royal Bank Of Canada initiated coverage on Mettler-Toledo International in a research report on Tuesday, September 1st. They set a "sector perform" rating and a $1,515.00 target price on the stock. Six investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $1,446.36.

Mettler-Toledo International Profile

Mettler-Toledo International Inc develops and manufactures precision instruments and related services for laboratory, industrial and retail applications. Its products include laboratory balances and scales, analytical instruments, pipettes, automated chemistry systems, titration and thermal analysis equipment, and process analytics solutions.

The company also provides industrial weighing and measurement systems, product inspection technologies such as metal detection, checkweighing and vision inspection, and software and services that support manufacturing, quality control and regulatory compliance.

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