California Public Employees Retirement System Cuts Stake in Mettler-Toledo International Inc. (NYSE:MTD)

California Public Employees Retirement System reduced its stake in shares of Mettler-Toledo International Inc. (NYSE:MTD) by 6.6% during the 4th quarter, HoldingsChannel reports. The fund owned 40,514 shares of the medical instruments supplier’s stock after selling 2,847 shares during the period. California Public Employees Retirement System’s holdings in Mettler-Toledo International were worth $49,142,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Duality Advisers LP increased its position in Mettler-Toledo International by 14.4% during the 4th quarter. Duality Advisers LP now owns 1,345 shares of the medical instruments supplier’s stock worth $1,631,000 after purchasing an additional 169 shares in the last quarter. MCF Advisors LLC increased its position in Mettler-Toledo International by 285.7% during the 4th quarter. MCF Advisors LLC now owns 27 shares of the medical instruments supplier’s stock worth $33,000 after purchasing an additional 20 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd increased its position in Mettler-Toledo International by 1.4% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 2,037 shares of the medical instruments supplier’s stock worth $2,471,000 after purchasing an additional 28 shares in the last quarter. Signaturefd LLC increased its position in Mettler-Toledo International by 18.5% during the 4th quarter. Signaturefd LLC now owns 391 shares of the medical instruments supplier’s stock worth $474,000 after purchasing an additional 61 shares in the last quarter. Finally, Lindbrook Capital LLC increased its position in Mettler-Toledo International by 138.1% during the 4th quarter. Lindbrook Capital LLC now owns 100 shares of the medical instruments supplier’s stock worth $121,000 after purchasing an additional 58 shares in the last quarter. 95.07% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Mettler-Toledo International

In other news, CFO Shawn Vadala sold 300 shares of the firm’s 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 transaction of $363,249.00. Following the completion of the sale, the chief financial officer now owns 4,914 shares of the company’s stock, valued at $5,950,018.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CFO Shawn Vadala sold 300 shares of the firm’s 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 transaction of $363,249.00. Following the completion of the sale, the chief financial officer now owns 4,914 shares of the company’s stock, valued at $5,950,018.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Christian Magloth sold 400 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $1,278.73, for a total transaction of $511,492.00. Following the sale, the insider now directly owns 734 shares of the company’s stock, valued at approximately $938,587.82. The disclosure for this sale can be found here. Over the last quarter, insiders sold 951 shares of company stock valued at $1,170,256. 1.94% of the stock is currently owned by corporate insiders.

Mettler-Toledo International Stock Down 0.2 %

Shares of NYSE:MTD opened at $1,232.91 on Friday. Mettler-Toledo International Inc. has a 52-week low of $928.49 and a 52-week high of $1,525.14. The company has a 50 day moving average of $1,273.39 and a two-hundred day moving average of $1,174.94. The company has a market capitalization of $26.37 billion, a price-to-earnings ratio of 34.35, a price-to-earnings-growth ratio of 3.37 and a beta of 1.15.

Mettler-Toledo International (NYSE:MTD) last issued its quarterly earnings data on Friday, February 9th. The medical instruments supplier reported $9.40 earnings per share (EPS) for the quarter, missing the consensus estimate 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 firm had revenue of $934.90 million during the quarter, compared to analyst estimates of $959.45 million. During the same period last year, the business earned $12.10 EPS. The firm’s revenue was down 11.6% compared to the same quarter last year. On average, equities analysts anticipate that Mettler-Toledo International Inc. will post 39.9 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. StockNews.com downgraded shares of Mettler-Toledo International from a “buy” rating to a “hold” rating in a research report on Thursday, April 18th. Evercore ISI increased their target price 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. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target 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.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.