New York State Teachers Retirement System Lowers Stock Holdings in Mettler-Toledo International, Inc. $MTD

Key Points

• New York State Teachers Retirement System trimmed its stake in Mettler‑Toledo by 9.4% in Q4, selling 1,678 shares and now holding 16,199 shares (0.08% of the company) worth about $22.58 million.
• Other institutions moved aggressively into the stock — notably M&T Bank boosted its holding by 2,813.6% to 124,205 shares (~$173.2 million) and Rakuten opened a ~$121 million position — leaving institutional ownership at roughly 95.07%.
• Mettler‑Toledo beat quarterly expectations (EPS $13.36 vs. $12.76 est.; revenue $1.13B vs. $1.10B est.), has a $25.72 billion market cap and an average analyst target near $1,459.58 (Moderate Buy).

New York State Teachers Retirement System trimmed its position in shares of Mettler-Toledo International, Inc. (NYSE:MTD - Free Report) by 9.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 16,199 shares of the medical instruments supplier's stock after selling 1,678 shares during the quarter. New York State Teachers Retirement System owned 0.08% of Mettler-Toledo International worth $22,584,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of MTD. M&T Bank Corp boosted its holdings in Mettler-Toledo International by 2,813.6% during the 4th quarter. M&T Bank Corp now owns 124,205 shares of the medical instruments supplier's stock valued at $173,165,000 after acquiring an additional 119,942 shares during the period. Rakuten Investment Management Inc. purchased a new position in Mettler-Toledo International during the 3rd quarter valued at about $121,021,000. Alliancebernstein L.P. boosted its holdings in Mettler-Toledo International by 10.7% during the 3rd quarter. Alliancebernstein L.P. now owns 793,927 shares of the medical instruments supplier's stock valued at $974,633,000 after acquiring an additional 76,478 shares during the period. Thrivent Financial for Lutherans boosted its holdings in Mettler-Toledo International by 752.2% during the 3rd quarter. Thrivent Financial for Lutherans now owns 73,586 shares of the medical instruments supplier's stock valued at $90,335,000 after acquiring an additional 64,951 shares during the period. Finally, Bank of America Corp DE boosted its holdings in Mettler-Toledo International by 56.8% during the 3rd quarter. Bank of America Corp DE now owns 128,116 shares of the medical instruments supplier's stock valued at $157,276,000 after acquiring an additional 46,402 shares during the period. 95.07% of the stock is currently owned by hedge funds and other institutional investors.

Mettler-Toledo International Stock Performance

Shares of MTD opened at $1,270.10 on Friday. The stock has a 50-day simple moving average of $1,280.49 and a 200-day simple moving average of $1,367.65. The stock has a market capitalization of $25.72 billion, a PE ratio of 30.15, a PEG ratio of 2.66 and a beta of 1.31. Mettler-Toledo International, Inc. has a 1 year low of $1,049.21 and a 1 year high of $1,525.17.

Mettler-Toledo International (NYSE:MTD - Get Free Report) last announced its quarterly earnings data on Friday, February 6th. The medical instruments supplier reported $13.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $12.76 by $0.60. The business had revenue of $1.13 billion during the quarter, compared to analysts' expectations of $1.10 billion. Mettler-Toledo International had a negative return on equity of 495.07% and a net margin of 21.59%.The business's quarterly revenue was up 8.1% compared to the same quarter last year. During the same quarter last year, the business posted $12.41 EPS. Analysts predict that Mettler-Toledo International, Inc. will post 46.51 EPS for the current year.

Insider Buying and Selling at Mettler-Toledo International

In other news, CFO Shawn Vadala sold 800 shares of the firm's stock in a transaction dated Tuesday, February 10th. The stock was sold at an average price of $1,410.12, for a total transaction of $1,128,096.00. Following the sale, the chief financial officer owned 5,288 shares of the company's stock, valued at approximately $7,456,714.56. This trade represents a 13.14% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.71% of the company's stock.

Analyst Ratings Changes

MTD has been the subject of a number of research analyst reports. Jefferies Financial Group upgraded Mettler-Toledo International from a "hold" rating to a "buy" rating and raised their target price for the company from $1,400.00 to $1,450.00 in a report on Friday, March 20th. Morgan Stanley decreased their price objective on Mettler-Toledo International from $1,550.00 to $1,475.00 and set an "equal weight" rating for the company in a research note on Tuesday, February 10th. Barclays decreased their price objective on Mettler-Toledo International from $1,550.00 to $1,500.00 and set an "overweight" rating for the company in a research note on Tuesday, April 14th. Finally, Wall Street Zen upgraded Mettler-Toledo International from a "hold" rating to a "buy" rating in a research note on Saturday, February 14th. Seven investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $1,459.58.

About Mettler-Toledo International

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.

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