Public Employees Retirement Association of Colorado lowered its stake in shares of Mettler-Toledo International Inc. (NYSE:MTD) by 0.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 63,988 shares of the company’s stock after selling 545 shares during the period. Public Employees Retirement Association of Colorado owned about 0.24% of Mettler-Toledo International worth $23,351,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. State Farm Mutual Automobile Insurance Co. boosted its stake in shares of Mettler-Toledo International by 77.0% in the first quarter. State Farm Mutual Automobile Insurance Co. now owns 21,210 shares of the company’s stock worth $7,312,000 after buying an additional 9,227 shares in the last quarter. State Street Corp boosted its stake in shares of Mettler-Toledo International by 0.7% in the first quarter. State Street Corp now owns 895,965 shares of the company’s stock worth $308,873,000 after buying an additional 6,360 shares during the period. Zebra Capital Management LLC boosted its stake in shares of Mettler-Toledo International by 22.2% in the first quarter. Zebra Capital Management LLC now owns 3,605 shares of the company’s stock worth $1,243,000 after buying an additional 655 shares during the period. Meiji Yasuda Asset Management Co Ltd. boosted its stake in shares of Mettler-Toledo International by 53.8% in the first quarter. Meiji Yasuda Asset Management Co Ltd. now owns 1,000 shares of the company’s stock worth $345,000 after buying an additional 350 shares during the period. Finally, Aviva PLC boosted its stake in shares of Mettler-Toledo International by 1.2% in the first quarter. Aviva PLC now owns 11,994 shares of the company’s stock worth $4,135,000 after buying an additional 144 shares during the period. 96.62% of the stock is owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for Mettler-Toledo International (NYSE:MTD)

Mettler-Toledo International Inc. (NYSE:MTD) traded down 3.17% during trading on Tuesday, reaching $410.05. 121,104 shares of the company’s stock traded hands. Mettler-Toledo International Inc. has a one year low of $282.05 and a one year high of $424.13. The firm has a market capitalization of $10.86 billion, a PE ratio of 31.67 and a beta of 1.16. The company has a 50-day moving average price of $407.01 and a 200 day moving average price of $381.73.

Mettler-Toledo International (NYSE:MTD) last announced its quarterly earnings data on Thursday, July 28th. The company reported $3.22 EPS for the quarter, beating the consensus estimate of $3.13 by $0.09. Mettler-Toledo International had a net margin of 14.74% and a return on equity of 68.23%. The business earned $608.28 million during the quarter, compared to analysts’ expectations of $598.20 million. During the same period in the previous year, the business posted $2.80 EPS. The business’s quarterly revenue was up 4.5% compared to the same quarter last year. On average, analysts anticipate that Mettler-Toledo International Inc. will post $14.45 earnings per share for the current fiscal year.

A number of analysts have recently issued reports on the stock. JPMorgan Chase & Co. increased their price objective on shares of Mettler-Toledo International from $350.00 to $400.00 and gave the stock a “neutral” rating in a research note on Friday, July 29th. Zacks Investment Research raised shares of Mettler-Toledo International from a “hold” rating to a “buy” rating and set a $425.00 price objective for the company in a research note on Thursday, July 14th. Bank of America Corp. raised shares of Mettler-Toledo International from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $404.33 to $470.00 in a research note on Wednesday, August 31st. Finally, Citigroup Inc. cut shares of Mettler-Toledo International from a “buy” rating to a “neutral” rating and increased their price objective for the stock from $382.00 to $400.00 in a research note on Thursday, June 23rd. One analyst has rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $378.38.

In other news, insider Oliver A. Filliol sold 10,800 shares of Mettler-Toledo International stock in a transaction that occurred on Monday, August 8th. The shares were sold at an average price of $398.42, for a total transaction of $4,302,936.00. Following the completion of the transaction, the insider now directly owns 20,988 shares of the company’s stock, valued at approximately $8,362,038.96. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Thomas P. Salice sold 460 shares of Mettler-Toledo International stock in a transaction that occurred on Monday, August 1st. The shares were sold at an average price of $414.03, for a total transaction of $190,453.80. Following the transaction, the director now directly owns 32,578 shares of the company’s stock, valued at $13,488,269.34. The disclosure for this sale can be found here. Company insiders own 5.60% of the company’s stock.

Mettler-Toledo International Company Profile

Mettler-Toledo International Inc is a supplier of precision instruments and services. The Company is a provider of weighing instruments for use in laboratory, industrial and food retailing applications. The Company is also a provider of analytical instruments for use in life science, reaction engineering and real-time analytic systems used in drug and chemical compound development and process analytics instruments used for in-line measurement in production processes.

5 Day Chart for NYSE:MTD

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