California Public Employees Retirement System Sells 2,847 Shares of Mettler-Toledo International Inc. (NYSE:MTD)

California Public Employees Retirement System trimmed its stake in Mettler-Toledo International Inc. (NYSE:MTD - Free Report) by 6.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 40,514 shares of the medical instruments supplier's stock after selling 2,847 shares during the period. California Public Employees Retirement System owned about 0.19% of Mettler-Toledo International worth $49,142,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Personal CFO Solutions LLC increased its holdings in Mettler-Toledo International by 2.2% in the third quarter. Personal CFO Solutions LLC now owns 472 shares of the medical instruments supplier's stock valued at $523,000 after purchasing an additional 10 shares during the period. Wealthspire Advisors LLC increased its holdings in Mettler-Toledo International by 1.7% in the third quarter. Wealthspire Advisors LLC now owns 647 shares of the medical instruments supplier's stock valued at $717,000 after purchasing an additional 11 shares during the period. Legacy Wealth Asset Management LLC increased its holdings in Mettler-Toledo International by 2.0% in the fourth quarter. Legacy Wealth Asset Management LLC now owns 568 shares of the medical instruments supplier's stock valued at $689,000 after purchasing an additional 11 shares during the period. Clarius Group LLC increased its holdings in Mettler-Toledo International by 4.4% in the fourth quarter. Clarius Group LLC now owns 263 shares of the medical instruments supplier's stock valued at $319,000 after purchasing an additional 11 shares during the period. Finally, Sequoia Financial Advisors LLC increased its holdings in Mettler-Toledo International by 3.7% in the third quarter. Sequoia Financial Advisors LLC now owns 340 shares of the medical instruments supplier's stock valued at $377,000 after purchasing an additional 12 shares during the period. 95.07% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Mettler-Toledo International

In related news, insider Christian Magloth sold 400 shares of the firm's stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $1,278.73, for a total value of $511,492.00. Following the transaction, the insider now owns 734 shares of the company's stock, valued at approximately $938,587.82. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, insider Christian Magloth sold 400 shares of the firm's stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $1,278.73, for a total value of $511,492.00. Following the transaction, the insider now owns 734 shares of the company's stock, valued at approximately $938,587.82. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Shawn Vadala sold 300 shares of the firm's stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $1,210.83, for a total transaction of $363,249.00. Following the completion of the transaction, the chief financial officer now directly owns 4,914 shares in the company, 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 90 days. 1.94% of the stock is currently owned by corporate insiders.

Mettler-Toledo International Price Performance

Shares of MTD stock traded up $5.18 on Friday, reaching $1,238.09. 94,948 shares of the company were exchanged, compared to its average volume of 139,477. The company has a market cap of $26.48 billion, a price-to-earnings ratio of 34.50, a PEG ratio of 3.37 and a beta of 1.15. The company has a 50-day moving average of $1,274.38 and a 200-day moving average of $1,175.98. Mettler-Toledo International Inc. has a one year low of $928.49 and a one year high of $1,525.14.

Mettler-Toledo International (NYSE:MTD - Get Free Report) last released its quarterly earnings data 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). The company had revenue of $934.90 million for the quarter, compared to the consensus estimate of $959.45 million. Mettler-Toledo International had a negative return on equity of 904.59% and a net margin of 20.82%. Mettler-Toledo International's revenue for the quarter was down 11.6% compared to the same quarter last year. During the same period last year, the company earned $12.10 EPS. As a group, sell-side analysts predict that Mettler-Toledo International Inc. will post 39.9 EPS for the current year.

Wall Street Analysts Forecast Growth

MTD has been the subject of a number of recent analyst reports. Evercore ISI increased their price target on Mettler-Toledo International from $1,200.00 to $1,300.00 and gave the stock an "in-line" rating in a report on Thursday, April 4th. StockNews.com downgraded Mettler-Toledo International from a "buy" rating to a "hold" rating in a report on Thursday, April 18th. One analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $1,233.25.

Mettler-Toledo International 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.