New York State Teachers Retirement System Sells 879 Shares of Mettler-Toledo International Inc. (NYSE:MTD)

New York State Teachers Retirement System reduced its stake in Mettler-Toledo International Inc. (NYSE:MTD - Free Report) by 3.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 22,647 shares of the medical instruments supplier's stock after selling 879 shares during the period. New York State Teachers Retirement System owned about 0.10% of Mettler-Toledo International worth $27,470,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in MTD. Vanguard Group Inc. boosted its position in Mettler-Toledo International by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 2,534,104 shares of the medical instruments supplier's stock worth $3,479,806,000 after buying an additional 17,826 shares during the period. Geode Capital Management LLC boosted its position in Mettler-Toledo International by 0.6% during the 1st quarter. Geode Capital Management LLC now owns 500,127 shares of the medical instruments supplier's stock worth $763,880,000 after buying an additional 2,842 shares during the period. Alliancebernstein L.P. boosted its position in Mettler-Toledo International by 5.6% during the 2nd quarter. Alliancebernstein L.P. now owns 488,953 shares of the medical instruments supplier's stock worth $641,330,000 after buying an additional 25,877 shares during the period. Price T Rowe Associates Inc. MD boosted its position in Mettler-Toledo International by 26.2% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 326,105 shares of the medical instruments supplier's stock worth $471,369,000 after buying an additional 67,758 shares during the period. Finally, Norges Bank acquired a new stake in Mettler-Toledo International during the 4th quarter worth approximately $428,679,000. 95.07% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Mettler-Toledo International news, insider Christian Magloth sold 400 shares of Mettler-Toledo International stock in a transaction on Monday, March 4th. The shares were sold at an average price of $1,278.73, for a total transaction of $511,492.00. Following the transaction, the insider now directly owns 734 shares of the company's stock, valued at approximately $938,587.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Mettler-Toledo International news, insider Christian Magloth sold 400 shares of the stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $1,278.73, for a total transaction of $511,492.00. Following the transaction, the insider now directly owns 734 shares in the company, valued at $938,587.82. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Shawn Vadala sold 300 shares of the stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $1,210.83, for a total value of $363,249.00. Following the sale, the chief financial officer now directly owns 4,914 shares of the company's stock, valued at approximately $5,950,018.62. The disclosure for this sale can be found here. Insiders have sold 951 shares of company stock valued at $1,170,256 in the last three months. 1.94% of the stock is currently owned by insiders.

Mettler-Toledo International Price Performance

Shares of NYSE:MTD traded up $3.43 during mid-day trading on Monday, hitting $1,304.27. The company had a trading volume of 89,152 shares, compared to its average volume of 145,286. The firm has a fifty day moving average price of $1,261.89 and a 200 day moving average price of $1,162.53. The company has a market capitalization of $27.90 billion, a PE ratio of 36.34, a price-to-earnings-growth ratio of 3.55 and a beta of 1.15. Mettler-Toledo International Inc. has a one year low of $928.49 and a one year high of $1,615.97.

Mettler-Toledo International (NYSE:MTD - Get Free Report) last announced its quarterly earnings results on Friday, February 9th. The medical instruments supplier reported $9.40 EPS for the quarter, missing analysts' consensus estimates of $10.32 by ($0.92). The business had revenue of $934.90 million for the quarter, compared to the consensus estimate of $959.45 million. Mettler-Toledo International had a net margin of 20.82% and a negative return on equity of 904.59%. The business's revenue for the quarter was down 11.6% compared to the same quarter last year. During the same quarter last year, the firm posted $12.10 EPS. Research analysts expect that Mettler-Toledo International Inc. will post 39.9 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

MTD has been the topic of a number of recent analyst reports. Evercore ISI boosted their price target on shares of Mettler-Toledo International from $1,200.00 to $1,300.00 and gave the stock an "in-line" rating in a research report on Thursday. StockNews.com upgraded shares of Mettler-Toledo International from a "hold" rating to a "buy" rating in a research report on Sunday, March 31st. Finally, Citigroup restated a "sell" rating and issued a $975.00 price target (down previously from $1,050.00) on shares of Mettler-Toledo International in a research report on Monday, December 11th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $1,233.25.

Mettler-Toledo International Company 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.