Teacher Retirement System of Texas Has $26.64 Million Holdings in Mettler-Toledo International, Inc. (NYSE:MTD)

Teacher Retirement System of Texas raised its stake in shares of Mettler-Toledo International, Inc. (NYSE:MTD - Free Report) by 76.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,557 shares of the medical instruments supplier's stock after buying an additional 9,764 shares during the period. Teacher Retirement System of Texas owned 0.11% of Mettler-Toledo International worth $26,638,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Alliancebernstein L.P. increased its holdings in shares of 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 acquiring an additional 52,726 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Mettler-Toledo International by 2.0% in the 4th quarter. Geode Capital Management LLC now owns 558,471 shares of the medical instruments supplier's stock worth $682,340,000 after purchasing an additional 11,032 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings 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 during the last quarter. GAMMA Investing LLC raised its position in shares of 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 purchasing an additional 385,864 shares during the period. Finally, T. Rowe Price Investment Management Inc. lifted its stake in shares of 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 buying an additional 96,300 shares during the last quarter. 95.07% of the stock is currently owned by institutional investors.

Insider Activity

In other Mettler-Toledo International news, Director Michael A. Kelly sold 1,062 shares of the business's stock in a transaction dated 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 transaction, the director directly owned 120 shares in the company, valued at $139,191.60. The trade was a 89.85% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.94% of the stock is owned by company insiders.

Mettler-Toledo International Trading Up 0.3%

MTD stock traded up $3.43 during midday trading on Friday, hitting $1,209.08. The stock had a trading volume of 41,859 shares, compared to its average volume of 150,220. Mettler-Toledo International, Inc. has a 52 week low of $946.69 and a 52 week high of $1,546.93. The stock has a 50-day simple moving average of $1,147.91 and a 200 day simple moving average of $1,196.27. The firm has a market capitalization of $25.13 billion, a price-to-earnings ratio of 30.15, a P/E/G ratio of 3.71 and a beta of 1.37.

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 for the quarter, beating analysts' consensus estimates 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 business had revenue of $883.74 million for the quarter, compared to analysts' expectations of $876.61 million. During the same quarter in the previous year, the firm posted $8.89 earnings per share. The firm's revenue for the quarter was down 4.6% on a year-over-year basis. On average, equities analysts forecast that Mettler-Toledo International, Inc. will post 42.71 EPS for the current year.

Analyst Ratings Changes

Several analysts recently issued reports on MTD shares. Robert W. Baird decreased their price objective on shares of Mettler-Toledo International from $1,369.00 to $1,034.00 and set a "neutral" rating for the company in a report on Tuesday, April 22nd. Jefferies Financial Group upgraded shares of Mettler-Toledo International from an "underperform" rating to a "hold" rating and decreased their price target for the company from $1,200.00 to $1,110.00 in a report on Monday, May 5th. Wells Fargo & Company lifted their price objective on 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 boosted their price objective on 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, Citigroup raised Mettler-Toledo International from a "neutral" rating to a "buy" rating and set a $1,400.00 target price on the stock in a report on Monday, April 7th. Eight investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $1,300.36.

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.