Public Employees Retirement System of Ohio Has $9.16 Million Position in Mettler-Toledo International Inc. (NYSE:MTD)

Public Employees Retirement System of Ohio lowered its holdings in Mettler-Toledo International Inc. (NYSE:MTD - Free Report) by 4.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,482 shares of the medical instruments supplier's stock after selling 312 shares during the period. Public Employees Retirement System of Ohio's holdings in Mettler-Toledo International were worth $9,156,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. SBI Securities Co. Ltd. bought a new position in Mettler-Toledo International in the fourth quarter valued at $33,000. Edmond DE Rothschild Holding S.A. bought a new position in shares of Mettler-Toledo International in the 4th quarter valued at about $44,000. Blue Trust Inc. grew its position in shares of Mettler-Toledo International by 70.8% in the 4th quarter. Blue Trust Inc. now owns 41 shares of the medical instruments supplier's stock valued at $50,000 after acquiring an additional 17 shares during the period. Whipplewood Advisors LLC bought a new position in shares of Mettler-Toledo International in the 4th quarter valued at about $54,000. Finally, Farther Finance Advisors LLC grew its position in shares of Mettler-Toledo International by 14.3% in the 4th quarter. Farther Finance Advisors LLC now owns 64 shares of the medical instruments supplier's stock valued at $78,000 after acquiring an additional 8 shares during the period. Institutional investors own 95.07% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Jefferies Financial Group raised shares of Mettler-Toledo International from an "underperform" rating to a "hold" rating and decreased their price objective for the company from $1,200.00 to $1,110.00 in a research report on Monday, May 5th. Evercore ISI lifted their price objective on shares of Mettler-Toledo International from $1,450.00 to $1,475.00 and gave the company an "outperform" rating in a research report on Monday, February 10th. Citigroup raised shares of Mettler-Toledo International from a "neutral" rating to a "buy" rating and set a $1,400.00 price objective for the company in a research report on Monday, April 7th. UBS Group raised shares of Mettler-Toledo International from a "neutral" rating to a "buy" rating and decreased their price objective for the company from $1,530.00 to $1,350.00 in a research report on Tuesday, May 20th. Finally, Wall Street Zen cut shares of Mettler-Toledo International from a "buy" rating to a "hold" rating in a research note on Monday, May 5th. Seven equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $1,302.11.

Mettler-Toledo International Stock Down 1.4%

Shares of NYSE MTD traded down $16.85 during mid-day trading on Friday, reaching $1,156.33. 317,154 shares of the company were exchanged, compared to its average volume of 150,673. The company's 50-day simple moving average is $1,093.82 and its 200-day simple moving average is $1,206.12. The stock has a market capitalization of $24.03 billion, a P/E ratio of 28.53, a P/E/G ratio of 3.30 and a beta of 1.40. Mettler-Toledo International Inc. has a twelve month low of $946.69 and a twelve month high of $1,546.93.

Mettler-Toledo International (NYSE:MTD - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The medical instruments supplier reported $8.19 earnings per share for the quarter, topping the consensus estimate of $7.90 by $0.29. Mettler-Toledo International had a net margin of 22.29% and a negative return on equity of 591.54%. The business had revenue of $883.74 million during the quarter, compared to analysts' expectations of $876.61 million. During the same quarter in the previous year, the company earned $8.89 EPS. The business's revenue was down 4.6% on a year-over-year basis. As a group, equities research analysts expect that Mettler-Toledo International Inc. will post 42.71 EPS for the current year.

Insiders Place Their Bets

In other news, Director Michael A. Kelly sold 1,062 shares of the business's stock in a transaction that occurred on Wednesday, May 28th. The shares were sold at an average price of $1,159.93, for a total value of $1,231,845.66. Following the completion of the transaction, the director now directly owns 120 shares in the company, valued at approximately $139,191.60. The trade was a 89.85% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.94% of the company's stock.

Mettler-Toledo International 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.