California Public Employees Retirement System lifted its position in shares of Mettler-Toledo International Inc. (NYSE:MTD) by 3.0% during the 4th quarter, HoldingsChannel reports. The fund owned 77,724 shares of the medical instruments supplier’s stock after purchasing an additional 2,279 shares during the period. California Public Employees Retirement System’s holdings in Mettler-Toledo International were worth $48,152,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Coastline Trust Co boosted its stake in shares of Mettler-Toledo International by 16.2% during the 3rd quarter. Coastline Trust Co now owns 575 shares of the medical instruments supplier’s stock worth $360,000 after acquiring an additional 80 shares in the last quarter. Chartwell Investment Partners LLC lifted its stake in Mettler-Toledo International by 4.1% in the 3rd quarter. Chartwell Investment Partners LLC now owns 2,104 shares of the medical instruments supplier’s stock valued at $1,317,000 after buying an additional 83 shares in the last quarter. Conning Inc. lifted its stake in Mettler-Toledo International by 25.7% in the 4th quarter. Conning Inc. now owns 440 shares of the medical instruments supplier’s stock valued at $273,000 after buying an additional 90 shares in the last quarter. Candriam Luxembourg S.C.A. lifted its stake in Mettler-Toledo International by 2.5% in the 3rd quarter. Candriam Luxembourg S.C.A. now owns 4,137 shares of the medical instruments supplier’s stock valued at $2,590,000 after buying an additional 100 shares in the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec lifted its stake in Mettler-Toledo International by 2.9% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 3,600 shares of the medical instruments supplier’s stock valued at $2,264,000 after buying an additional 100 shares in the last quarter. 91.79% of the stock is currently owned by institutional investors and hedge funds.

A number of research analysts recently weighed in on the stock. Jefferies Group reaffirmed a “hold” rating and issued a $600.00 price target on shares of Mettler-Toledo International in a research note on Friday, October 20th. Morgan Stanley raised their price target on shares of Mettler-Toledo International from $535.00 to $545.00 and gave the company an “equal weight” rating in a research note on Friday, November 3rd. Robert W. Baird raised their price target on shares of Mettler-Toledo International from $605.00 to $675.00 and gave the company a “neutral” rating in a research note on Friday, November 3rd. Barclays assumed coverage on shares of Mettler-Toledo International in a research note on Thursday, January 4th. They issued an “equal weight” rating and a $625.00 price target on the stock. Finally, Evercore ISI assumed coverage on shares of Mettler-Toledo International in a research note on Wednesday, January 3rd. They issued an “in-line” rating and a $625.00 price target on the stock. Six investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $651.44.

Shares of Mettler-Toledo International Inc. (NYSE:MTD) opened at $613.69 on Wednesday. The company has a market cap of $15,700.00, a PE ratio of 43.10, a price-to-earnings-growth ratio of 2.38 and a beta of 1.08. The company has a quick ratio of 1.09, a current ratio of 1.46 and a debt-to-equity ratio of 1.75. Mettler-Toledo International Inc. has a 1-year low of $460.00 and a 1-year high of $697.26.

Mettler-Toledo International (NYSE:MTD) last released its quarterly earnings data on Thursday, February 8th. The medical instruments supplier reported $5.97 EPS for the quarter, beating the Zacks’ consensus estimate of $5.93 by $0.04. The company had revenue of $778.03 million during the quarter, compared to the consensus estimate of $764.26 million. Mettler-Toledo International had a net margin of 13.80% and a return on equity of 94.54%. Mettler-Toledo International’s quarterly revenue was up 9.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $5.28 EPS. equities research analysts expect that Mettler-Toledo International Inc. will post 20.1 earnings per share for the current year.

In other Mettler-Toledo International news, insider Thomas Caratsch sold 1,333 shares of the stock in a transaction dated Monday, November 27th. The shares were sold at an average price of $634.44, for a total value of $845,708.52. Following the completion of the sale, the insider now owns 1,270 shares in the company, valued at approximately $805,738.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Oliver A. Filliol sold 15,000 shares of the stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $631.51, for a total transaction of $9,472,650.00. Following the completion of the sale, the insider now owns 31,279 shares of the company’s stock, valued at approximately $19,753,001.29. The disclosure for this sale can be found here. In the last quarter, insiders sold 26,359 shares of company stock valued at $16,640,760. 5.20% of the stock is owned by insiders.

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Mettler-Toledo International Company Profile

Mettler-Toledo International Inc is a supplier of precision instruments and services. The Company operates through five segments: U.S. Operations, Swiss Operations, Western European Operations, Chinese Operations and Other. The Company manufactures weighing instruments for use in laboratory, industrial, packaging, logistics and food retailing applications.

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

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