Louisiana State Employees Retirement System Purchases Shares of 1,300 Mettler-Toledo International Inc. (NYSE:MTD)

Louisiana State Employees Retirement System purchased a new stake in Mettler-Toledo International Inc. (NYSE:MTD) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 1,300 shares of the medical instruments supplier’s stock, valued at approximately $1,577,000.

A number of other large investors have also recently bought and sold shares of the stock. CIBC Private Wealth Group LLC grew its position in Mettler-Toledo International by 1.9% in the third quarter. CIBC Private Wealth Group LLC now owns 435 shares of the medical instruments supplier’s stock valued at $472,000 after acquiring an additional 8 shares during the period. Maverick Capital Ltd. grew its position in Mettler-Toledo International by 3.9% in the fourth quarter. Maverick Capital Ltd. now owns 241 shares of the medical instruments supplier’s stock valued at $348,000 after acquiring an additional 9 shares during the period. Personal CFO Solutions LLC grew its position in Mettler-Toledo International by 2.2% in the third quarter. Personal CFO Solutions LLC now owns 472 shares of the medical instruments supplier’s stock valued at $523,000 after acquiring an additional 10 shares during the period. Ancora Advisors LLC grew its position in Mettler-Toledo International by 100.0% in the first quarter. Ancora Advisors LLC now owns 20 shares of the medical instruments supplier’s stock valued at $31,000 after acquiring an additional 10 shares during the period. Finally, Penserra Capital Management LLC grew its position in Mettler-Toledo International by 9.3% in the fourth quarter. Penserra Capital Management LLC now owns 118 shares of the medical instruments supplier’s stock valued at $169,000 after acquiring an additional 10 shares during the period. 95.07% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Mettler-Toledo International

In other Mettler-Toledo International news, insider Christian Magloth sold 400 shares of the stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $1,278.73, for a total value of $511,492.00. Following the transaction, the insider now owns 734 shares of the company’s stock, valued at $938,587.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Mettler-Toledo International news, insider Christian Magloth sold 400 shares of the stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $1,278.73, for a total value of $511,492.00. Following the transaction, the insider now owns 734 shares of the company’s stock, valued at $938,587.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Shawn Vadala sold 300 shares of the stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $1,210.83, for a total value of $363,249.00. Following the completion of the transaction, the chief financial officer now directly owns 4,914 shares in the company, valued at approximately $5,950,018.62. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 951 shares of company stock valued at $1,170,256. 1.94% of the stock is currently owned by company insiders.

Mettler-Toledo International Stock Down 0.3 %

Mettler-Toledo International stock opened at $1,188.54 on Friday. The business’s 50-day simple moving average is $1,269.63 and its 200 day simple moving average is $1,170.88. The stock has a market cap of $25.42 billion, a price-to-earnings ratio of 33.12, a P/E/G ratio of 3.26 and a beta of 1.15. Mettler-Toledo International Inc. has a 12-month low of $928.49 and a 12-month high of $1,577.91.

Mettler-Toledo International (NYSE:MTD) last posted its quarterly earnings results 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). The firm had revenue of $934.90 million during the quarter, compared to the consensus estimate of $959.45 million. Mettler-Toledo International had a net margin of 20.82% and a negative return on equity of 904.59%. Mettler-Toledo International’s revenue was down 11.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $12.10 EPS. As a group, sell-side analysts expect that Mettler-Toledo International Inc. will post 39.9 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on MTD. Evercore ISI upped their price target on Mettler-Toledo International from $1,200.00 to $1,300.00 and gave the company an “in-line” rating in a research report on Thursday, April 4th. StockNews.com cut Mettler-Toledo International from a “buy” rating to a “hold” rating in a report on Thursday. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price 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.