California Public Employees Retirement System Grows Position in Mettler-Toledo International Inc. (MTD)

California Public Employees Retirement System lifted its stake in Mettler-Toledo International Inc. (NYSE:MTD) by 4.8% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 55,695 shares of the medical instruments supplier’s stock after acquiring an additional 2,535 shares during the period. California Public Employees Retirement System’s holdings in Mettler-Toledo International were worth $40,267,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in MTD. Norges Bank bought a new stake in shares of Mettler-Toledo International in the fourth quarter valued at about $117,351,000. FMR LLC lifted its stake in shares of Mettler-Toledo International by 4.8% in the fourth quarter. FMR LLC now owns 2,314,447 shares of the medical instruments supplier’s stock valued at $1,309,005,000 after buying an additional 107,049 shares during the period. Barclays PLC lifted its stake in shares of Mettler-Toledo International by 214.4% in the fourth quarter. Barclays PLC now owns 139,279 shares of the medical instruments supplier’s stock valued at $78,775,000 after buying an additional 94,981 shares during the period. WCM Investment Management LLC lifted its stake in shares of Mettler-Toledo International by 5.6% in the fourth quarter. WCM Investment Management LLC now owns 1,497,423 shares of the medical instruments supplier’s stock valued at $846,912,000 after buying an additional 79,567 shares during the period. Finally, BlackRock Inc. lifted its stake in shares of Mettler-Toledo International by 2.2% in the fourth quarter. BlackRock Inc. now owns 1,709,674 shares of the medical instruments supplier’s stock valued at $966,960,000 after buying an additional 36,558 shares during the period. Institutional investors and hedge funds own 96.04% of the company’s stock.

NYSE:MTD opened at $722.67 on Wednesday. Mettler-Toledo International Inc. has a 1 year low of $500.74 and a 1 year high of $762.90. The company has a debt-to-equity ratio of 1.80, a current ratio of 1.37 and a quick ratio of 0.97. The company has a market capitalization of $17.41 billion, a PE ratio of 35.56, a PEG ratio of 2.26 and a beta of 1.33.

Mettler-Toledo International (NYSE:MTD) last posted its earnings results on Thursday, May 9th. The medical instruments supplier reported $4.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.06 by $0.04. Mettler-Toledo International had a net margin of 17.98% and a return on equity of 95.67%. The company had revenue of $679.50 million during the quarter, compared to analysts’ expectations of $673.55 million. During the same quarter in the previous year, the company posted $3.74 earnings per share. Mettler-Toledo International’s quarterly revenue was up 2.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that Mettler-Toledo International Inc. will post 22.7 EPS for the current year.

MTD has been the subject of a number of research analyst reports. Bank of America reiterated a “neutral” rating and issued a $755.00 target price (up previously from $725.00) on shares of Mettler-Toledo International in a research note on Tuesday, April 16th. ValuEngine cut shares of Mettler-Toledo International from a “buy” rating to a “hold” rating in a research note on Monday. Finally, Zacks Investment Research upgraded shares of Mettler-Toledo International from a “hold” rating to a “buy” rating and set a $742.00 target price for the company in a research note on Tuesday, February 12th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company’s stock. Mettler-Toledo International presently has a consensus rating of “Hold” and an average target price of $658.80.

In related news, Director Thomas P. Salice sold 1,300 shares of the firm’s stock in a transaction that occurred on Monday, February 25th. The shares were sold at an average price of $685.50, for a total value of $891,150.00. Following the completion of the sale, the director now owns 5,894 shares of the company’s stock, valued at $4,040,337. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Wah-Hui Chu sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $692.50, for a total transaction of $692,500.00. Following the completion of the sale, the director now directly owns 3,854 shares of the company’s stock, valued at approximately $2,668,895. The disclosure for this sale can be found here. Insiders sold 108,400 shares of company stock valued at $72,634,560 in the last quarter. 3.50% of the stock is currently owned by corporate insiders.

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About Mettler-Toledo International

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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