New York State Common Retirement Fund Has $18.48 Million Stock Holdings in Mettler-Toledo International, Inc. (NYSE:MTD)

New York State Common Retirement Fund reduced its position in Mettler-Toledo International, Inc. (NYSE:MTD - Free Report) by 13.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 15,645 shares of the medical instruments supplier's stock after selling 2,445 shares during the period. New York State Common Retirement Fund owned about 0.08% of Mettler-Toledo International worth $18,475,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Alliancebernstein L.P. grew its position in Mettler-Toledo International by 9.9% during the fourth 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 in the last quarter. Geode Capital Management LLC grew its position in 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 purchasing an additional 11,032 shares in the last quarter. Price T Rowe Associates Inc. MD grew 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 purchasing an additional 25,873 shares in the last quarter. GAMMA Investing LLC lifted its stake in Mettler-Toledo International by 131,246.3% in the first quarter. GAMMA Investing LLC now owns 386,158 shares of the medical instruments supplier's stock valued at $456,018,000 after acquiring an additional 385,864 shares during the last quarter. Finally, T. Rowe Price Investment Management Inc. grew its position in Mettler-Toledo International by 36.1% in the fourth 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 in the last quarter. 95.07% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Michael A. Kelly sold 1,062 shares of the company's stock in a transaction on Wednesday, May 28th. The shares were sold at an average price of $1,159.93, for a total transaction of $1,231,845.66. Following the completion of the transaction, the director directly owned 120 shares in the company, valued at $139,191.60. This represents a 89.85% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.94% of the stock is currently owned by insiders.

Analyst Ratings Changes

MTD has been the subject of several recent research reports. Robert W. Baird decreased their target price on shares of Mettler-Toledo International from $1,369.00 to $1,034.00 and set a "neutral" rating for the company in a research report on Tuesday, April 22nd. Wall Street Zen downgraded shares of Mettler-Toledo International from a "buy" rating to a "hold" rating in a research report on Monday, May 5th. Citigroup raised shares of Mettler-Toledo International from a "neutral" rating to a "buy" rating and set a $1,400.00 target price for the company in a research report on Monday, April 7th. Bank of America boosted their target price on shares of Mettler-Toledo International from $1,200.00 to $1,260.00 and gave the stock a "neutral" rating in a research report on Thursday, June 26th. Finally, Evercore ISI boosted their target price on shares of Mettler-Toledo International from $1,200.00 to $1,280.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 8th. Seven investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $1,280.90.

Mettler-Toledo International Stock Performance

Shares of Mettler-Toledo International stock traded down $8.44 on Friday, reaching $1,197.24. The stock had a trading volume of 93,362 shares, compared to its average volume of 151,031. The stock has a market cap of $24.88 billion, a P/E ratio of 29.86, a price-to-earnings-growth ratio of 3.64 and a beta of 1.37. Mettler-Toledo International, Inc. has a fifty-two week low of $946.69 and a fifty-two week high of $1,546.93. The business's 50-day moving average price is $1,173.50 and its two-hundred day moving average price is $1,194.29.

Mettler-Toledo International (NYSE:MTD - Get Free Report) last released its earnings results on Thursday, May 1st. The medical instruments supplier reported $8.19 EPS for the quarter, beating the consensus estimate of $7.90 by $0.29. The firm 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%. The business's quarterly revenue was down 4.6% compared to the same quarter last year. During the same period in the prior year, the company earned $8.89 EPS. As a group, equities analysts forecast that Mettler-Toledo International, Inc. will post 42.71 earnings per share for the current fiscal year.

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.