Illinois Municipal Retirement Fund Purchases 848 Shares of Mettler-Toledo International, Inc. (NYSE:MTD)

Illinois Municipal Retirement Fund boosted its stake in shares of Mettler-Toledo International, Inc. (NYSE:MTD - Free Report) by 11.5% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 8,196 shares of the medical instruments supplier's stock after buying an additional 848 shares during the period. Illinois Municipal Retirement Fund's holdings in Mettler-Toledo International were worth $9,679,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of MTD. Alliancebernstein L.P. raised its stake in Mettler-Toledo International by 9.9% during the 4th quarter. Alliancebernstein L.P. now owns 583,181 shares of the medical instruments supplier's stock valued at $713,627,000 after purchasing an additional 52,726 shares during the period. Geode Capital Management LLC grew its holdings in shares of Mettler-Toledo International by 2.0% during the fourth quarter. Geode Capital Management LLC now owns 558,471 shares of the medical instruments supplier's stock valued at $682,340,000 after buying an additional 11,032 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in Mettler-Toledo International by 6.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 455,739 shares of the medical instruments supplier's stock valued at $557,680,000 after buying an additional 25,873 shares during the period. GAMMA Investing LLC lifted its stake in Mettler-Toledo International by 131,246.3% in the 1st quarter. GAMMA Investing LLC now owns 386,158 shares of the medical instruments supplier's stock worth $456,018,000 after acquiring an additional 385,864 shares in the last quarter. Finally, T. Rowe Price Investment Management Inc. boosted its position in Mettler-Toledo International by 36.1% during 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 acquiring an additional 96,300 shares during the period. 95.07% of the stock is owned by hedge funds and other institutional investors.

Mettler-Toledo International Stock Up 2.5%

NYSE:MTD traded up $29.90 during trading hours on Tuesday, reaching $1,204.62. The company had a trading volume of 80,843 shares, compared to its average volume of 150,197. The stock has a 50-day moving average of $1,138.07 and a two-hundred day moving average of $1,196.50. Mettler-Toledo International, Inc. has a one year low of $946.69 and a one year high of $1,546.93. The firm has a market capitalization of $25.03 billion, a PE ratio of 30.02, a PEG ratio of 3.64 and a beta of 1.38.

Mettler-Toledo International (NYSE:MTD - Get Free Report) last posted its earnings results on Thursday, May 1st. The medical instruments supplier reported $8.19 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $7.90 by $0.29. The company had revenue of $883.74 million during the quarter, compared to analysts' expectations of $876.61 million. Mettler-Toledo International had a net margin of 22.17% and a negative return on equity of 556.22%. Mettler-Toledo International's quarterly revenue was down 4.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $8.89 earnings per share. As a group, sell-side analysts expect that Mettler-Toledo International, Inc. will post 42.71 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Jefferies Financial Group upgraded shares of Mettler-Toledo International from an "underperform" rating to a "hold" rating and decreased their price target for the stock from $1,200.00 to $1,110.00 in a report on Monday, May 5th. UBS Group raised shares of Mettler-Toledo International from a "neutral" rating to a "buy" rating and decreased their target price for the company from $1,530.00 to $1,350.00 in a research note on Tuesday, May 20th. Wells Fargo & Company upped their price target on shares of Mettler-Toledo International from $1,125.00 to $1,200.00 and gave the stock an "equal weight" rating in a research note on Monday, May 5th. Bank of America lifted their price objective on Mettler-Toledo International from $1,200.00 to $1,260.00 and gave the company a "neutral" rating in a research report on Thursday, June 26th. Finally, Wall Street Zen lowered Mettler-Toledo International from a "buy" rating to a "hold" rating in a research report on Monday, May 5th. Eight research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, Mettler-Toledo International presently has a consensus rating of "Hold" and a consensus price target of $1,300.36.

Insiders Place Their Bets

In other news, Director Michael A. Kelly sold 1,062 shares of Mettler-Toledo International stock in a transaction on Wednesday, May 28th. The stock was sold at an average price of $1,159.93, for a total value of $1,231,845.66. Following the completion of the sale, the director directly owned 120 shares of the company's stock, valued at approximately $139,191.60. This trade represents a 89.85% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.77% of the stock is owned by company insiders.

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.