Public Employees Retirement System of Ohio Has $4.87 Million Position in Mettler-Toledo International Inc. (MTD)

Public Employees Retirement System of Ohio lessened its holdings in shares of Mettler-Toledo International Inc. (NYSE:MTD) by 7.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,608 shares of the medical instruments supplier’s stock after selling 644 shares during the period. Public Employees Retirement System of Ohio’s holdings in Mettler-Toledo International were worth $4,869,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. BlackRock Inc. grew its holdings in shares of Mettler-Toledo International by 2.2% during the 4th quarter. BlackRock Inc. now owns 1,709,674 shares of the medical instruments supplier’s stock valued at $966,960,000 after acquiring an additional 36,558 shares in the last quarter. WCM Investment Management LLC lifted its position in Mettler-Toledo International by 5.6% during the 4th quarter. WCM Investment Management LLC now owns 1,497,423 shares of the medical instruments supplier’s stock worth $846,912,000 after acquiring an additional 79,567 shares during the last quarter. Fiera Capital Corp lifted its position in Mettler-Toledo International by 4.2% during the 4th quarter. Fiera Capital Corp now owns 704,726 shares of the medical instruments supplier’s stock worth $398,579,000 after acquiring an additional 28,271 shares during the last quarter. Baillie Gifford & Co. lifted its position in Mettler-Toledo International by 5.3% during the 4th quarter. Baillie Gifford & Co. now owns 627,108 shares of the medical instruments supplier’s stock worth $354,680,000 after acquiring an additional 31,282 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its position in Mettler-Toledo International by 0.5% during the 4th quarter. Principal Financial Group Inc. now owns 472,776 shares of the medical instruments supplier’s stock worth $267,392,000 after acquiring an additional 2,466 shares during the last quarter. 95.72% of the stock is currently owned by institutional investors.

In other news, Director Wah-Hui Chu sold 1,000 shares of Mettler-Toledo International stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $692.50, for a total transaction of $692,500.00. Following the sale, the director now owns 3,854 shares of the company’s stock, valued at $2,668,895. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Gerry Keller sold 250 shares of the business’s stock in a transaction that occurred on Monday, February 11th. The stock was sold at an average price of $664.50, for a total value of $166,125.00. Following the sale, the insider now directly owns 404 shares in the company, valued at approximately $268,458. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 150,995 shares of company stock valued at $100,997,450. 3.50% of the stock is currently owned by insiders.

A number of research analysts have recently commented on MTD shares. Bank of America lowered shares of Mettler-Toledo International from a “buy” rating to a “neutral” rating and set a $546.04 price objective for the company. in a research report on Thursday, January 3rd. Evercore ISI cut shares of Mettler-Toledo International from an “in-line” rating to an “underperform” rating in a research note on Thursday, January 3rd. ValuEngine cut shares of Mettler-Toledo International from a “buy” rating to a “hold” rating in a research note on Friday, January 4th. Finally, Zacks Investment Research cut shares of Mettler-Toledo International from a “hold” rating to a “sell” rating in a research note on Tuesday, January 15th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $650.67.

Shares of NYSE MTD opened at $736.95 on Friday. The company has a market cap of $18.30 billion, a price-to-earnings ratio of 36.27, a price-to-earnings-growth ratio of 2.54 and a beta of 1.35. Mettler-Toledo International Inc. has a one year low of $500.74 and a one year high of $750.00. The company has a current ratio of 1.42, a quick ratio of 1.06 and a debt-to-equity ratio of 1.67.

Mettler-Toledo International (NYSE:MTD) last announced its quarterly earnings data on Thursday, February 7th. The medical instruments supplier reported $6.85 EPS for the quarter, beating the consensus estimate of $6.74 by $0.11. The business had revenue of $817.92 million during the quarter, compared to analyst estimates of $807.58 million. Mettler-Toledo International had a return on equity of 94.57% and a net margin of 17.46%. The company’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same quarter last year, the firm posted $5.97 earnings per share. As a group, sell-side analysts predict that Mettler-Toledo International Inc. will post 22.67 EPS for the current fiscal year.

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Mettler-Toledo International Company Profile

Mettler-Toledo International Inc manufactures and supplies precision instruments and services worldwide. The company operates in five segments: U.S. Operations, Swiss Operations, Western European Operations, Chinese Operations, and Other. It offers weighing instruments for laboratory, industrial, packaging, logistics, and food retailing applications; various related analytical instruments and provides automated chemistry solutions used in drug and chemical compound discovery and development; metal detection and other end-of-line product inspection systems used in production and packaging for food processing and packaging, pharmaceutical, packaged consumer goods, and other industries; and solutions that are used in various process analytics applications.

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

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