Retirement Systems of Alabama Decreases Stock Holdings in Mettler-Toledo International, Inc. (NYSE:MTD)

Retirement Systems of Alabama trimmed its holdings in Mettler-Toledo International, Inc. (NYSE:MTD - Free Report) by 1.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 33,007 shares of the medical instruments supplier's stock after selling 398 shares during the quarter. Retirement Systems of Alabama owned approximately 0.16% of Mettler-Toledo International worth $38,978,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the business. Blue Trust Inc. increased its holdings in shares of Mettler-Toledo International by 520.0% in the first quarter. Blue Trust Inc. now owns 62 shares of the medical instruments supplier's stock valued at $73,000 after purchasing an additional 52 shares during the period. Boston Trust Walden Corp raised its position in Mettler-Toledo International by 7.1% during the 1st quarter. Boston Trust Walden Corp now owns 34,610 shares of the medical instruments supplier's stock worth $40,871,000 after buying an additional 2,296 shares during the last quarter. State of Alaska Department of Revenue lifted its stake in shares of Mettler-Toledo International by 1.7% in the 1st quarter. State of Alaska Department of Revenue now owns 2,449 shares of the medical instruments supplier's stock worth $2,892,000 after acquiring an additional 40 shares during the period. Crown Oak Advisors LLC boosted its holdings in shares of Mettler-Toledo International by 5.3% in the first quarter. Crown Oak Advisors LLC now owns 5,942 shares of the medical instruments supplier's stock valued at $7,017,000 after acquiring an additional 298 shares in the last quarter. Finally, QRG Capital Management Inc. increased its stake in shares of Mettler-Toledo International by 29.4% during the first quarter. QRG Capital Management Inc. now owns 489 shares of the medical instruments supplier's stock worth $577,000 after acquiring an additional 111 shares during the period. 95.07% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have weighed in on MTD. Wall Street Zen lowered Mettler-Toledo International from a "buy" rating to a "hold" rating in a report on Monday, May 5th. Citigroup upgraded Mettler-Toledo International from a "neutral" rating to a "buy" rating and set a $1,400.00 price target on the stock in a research note on Monday, April 7th. UBS Group upgraded Mettler-Toledo International from a "neutral" rating to a "buy" rating and cut their price objective for the stock from $1,530.00 to $1,350.00 in a research report on Tuesday, May 20th. 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 on the stock in a research report on Tuesday, April 22nd. Finally, Barclays assumed coverage on shares of Mettler-Toledo International in a report on Tuesday. They issued an "overweight" rating and a $1,325.00 price target for the company. Seven equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, Mettler-Toledo International currently has a consensus rating of "Hold" and an average target price of $1,304.40.

Mettler-Toledo International Stock Up 2.0%

Shares of Mettler-Toledo International stock traded up $22.99 during trading on Tuesday, hitting $1,186.60. 129,637 shares of the company were exchanged, compared to its average volume of 152,015. Mettler-Toledo International, Inc. has a fifty-two week low of $946.69 and a fifty-two week high of $1,546.93. The firm has a 50 day moving average price of $1,120.21 and a 200 day moving average price of $1,199.56. The stock has a market capitalization of $24.66 billion, a price-to-earnings ratio of 29.59, a P/E/G ratio of 3.42 and a beta of 1.38.

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

Insider Buying and Selling at Mettler-Toledo International

In other Mettler-Toledo International news, Director Michael A. Kelly sold 1,062 shares of the 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 transaction of $1,231,845.66. Following the transaction, the director now owns 120 shares of the company's stock, valued at $139,191.60. This trade represents a 89.85% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.77% of the stock is currently owned by insiders.

About Mettler-Toledo International

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.