Mettler-Toledo International Inc. (NYSE:MTD) Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund trimmed its stake in Mettler-Toledo International Inc. (NYSE:MTD - Free Report) by 5.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 49,803 shares of the medical instruments supplier's stock after selling 2,907 shares during the period. New York State Common Retirement Fund owned about 0.23% of Mettler-Toledo International worth $60,409,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in MTD. CWM LLC lifted its position in shares of Mettler-Toledo International by 4.7% in the 3rd quarter. CWM LLC now owns 600 shares of the medical instruments supplier's stock worth $665,000 after purchasing an additional 27 shares during the period. AE Wealth Management LLC lifted its position in shares of Mettler-Toledo International by 13.3% in the 3rd quarter. AE Wealth Management LLC now owns 187 shares of the medical instruments supplier's stock worth $207,000 after purchasing an additional 22 shares during the period. HB Wealth Management LLC purchased a new stake in shares of Mettler-Toledo International in the 3rd quarter worth approximately $243,000. Meridian Wealth Management LLC lifted its position in shares of Mettler-Toledo International by 146.7% in the 3rd quarter. Meridian Wealth Management LLC now owns 962 shares of the medical instruments supplier's stock worth $1,066,000 after purchasing an additional 572 shares during the period. Finally, KFG Wealth Management LLC lifted its position in shares of Mettler-Toledo International by 77.5% in the 3rd quarter. KFG Wealth Management LLC now owns 410 shares of the medical instruments supplier's stock worth $454,000 after purchasing an additional 179 shares during the period. 95.07% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Mettler-Toledo International

In other Mettler-Toledo International news, Director Elisha W. Finney sold 251 shares of the company's stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $1,177.35, for a total transaction of $295,514.85. Following the transaction, the director now owns 316 shares in the company, valued at approximately $372,042.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director Elisha W. Finney sold 251 shares of the company's stock in a transaction on Monday, February 12th. The shares were sold at an average price of $1,177.35, for a total value of $295,514.85. Following the sale, the director now directly owns 316 shares of the company's stock, valued at approximately $372,042.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Christian Magloth sold 400 shares of the company's 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 completion of the sale, the insider now directly owns 734 shares in the company, valued at $938,587.82. The disclosure for this sale can be found here. In the last quarter, insiders have sold 951 shares of company stock worth $1,170,256. 1.94% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on MTD shares. Evercore ISI upped 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, April 4th. StockNews.com lowered shares of Mettler-Toledo International from a "buy" rating to a "hold" rating in a research note on Thursday, April 18th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $1,233.25.

Mettler-Toledo International Stock Down 0.5 %

Shares of NYSE MTD traded down $5.95 during trading hours on Wednesday, hitting $1,235.37. 120,102 shares of the stock were exchanged, compared to its average volume of 140,558. Mettler-Toledo International Inc. has a 12 month low of $928.49 and a 12 month high of $1,565.00. The company has a market cap of $26.42 billion, a PE ratio of 34.42, a PEG ratio of 3.28 and a beta of 1.15. The firm has a fifty day moving average price of $1,271.52 and a 200-day moving average price of $1,174.10.

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

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.Its industrial instruments comprise industrial weighing instruments and related terminals, automatic dimensional measurement and data capture solutions, vehicle scale systems, industrial software, metal detection equipment, x-ray systems, check weighing equipment, camera-based imaging equipment, track-and-trace solutions, and product inspection systems.