Kentucky Retirement Systems Insurance Trust Fund Sells 64 Shares of Mettler-Toledo International Inc. (NYSE:MTD)

Kentucky Retirement Systems Insurance Trust Fund decreased its position in shares of Mettler-Toledo International Inc. (NYSE:MTD) by 8.3% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 709 shares of the medical instruments supplier’s stock after selling 64 shares during the period. Kentucky Retirement Systems Insurance Trust Fund’s holdings in Mettler-Toledo International were worth $944,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the stock. Gulf International Bank UK Ltd grew its holdings in shares of Mettler-Toledo International by 0.4% in the first quarter. Gulf International Bank UK Ltd now owns 1,813 shares of the medical instruments supplier’s stock worth $2,413,000 after purchasing an additional 8 shares during the last quarter. Wealthspire Advisors LLC grew its holdings in shares of Mettler-Toledo International by 1.2% in the first quarter. Wealthspire Advisors LLC now owns 757 shares of the medical instruments supplier’s stock worth $1,008,000 after purchasing an additional 9 shares during the last quarter. Massmutual Trust Co. FSB ADV grew its holdings in shares of Mettler-Toledo International by 9.9% in the first quarter. Massmutual Trust Co. FSB ADV now owns 111 shares of the medical instruments supplier’s stock worth $148,000 after purchasing an additional 10 shares during the last quarter. Clarius Group LLC grew its holdings in shares of Mettler-Toledo International by 4.4% in the fourth quarter. Clarius Group LLC now owns 263 shares of the medical instruments supplier’s stock worth $319,000 after purchasing an additional 11 shares during the last quarter. Finally, Conestoga Capital Advisors LLC grew its holdings in shares of Mettler-Toledo International by 3.5% in the first quarter. Conestoga Capital Advisors LLC now owns 325 shares of the medical instruments supplier’s stock worth $433,000 after purchasing an additional 11 shares during the last quarter. 95.07% of the stock is currently owned by institutional investors.

Mettler-Toledo International Price Performance

Shares of MTD stock traded down $10.40 during mid-day trading on Monday, hitting $1,439.68. 26,363 shares of the stock traded hands, compared to its average volume of 143,543. Mettler-Toledo International Inc. has a 52-week low of $928.49 and a 52-week high of $1,535.86. The stock has a market cap of $30.75 billion, a P/E ratio of 40.66, a P/E/G ratio of 3.89 and a beta of 1.17. The stock’s fifty day moving average is $1,415.40 and its two-hundred day moving average is $1,318.15.

Mettler-Toledo International (NYSE:MTD) last posted its quarterly earnings data on Thursday, May 9th. The medical instruments supplier reported $8.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.61 by $1.28. Mettler-Toledo International had a net margin of 20.55% and a negative return on equity of 662.32%. The firm had revenue of $925.95 million for the quarter, compared to the consensus estimate of $879.72 million. During the same quarter in the prior year, the company posted $8.69 earnings per share. The company’s revenue for the quarter was down .3% compared to the same quarter last year. As a group, equities analysts forecast that Mettler-Toledo International Inc. will post 40.13 EPS for the current fiscal year.

Analysts Set New Price Targets

MTD has been the subject of a number of research reports. StockNews.com raised shares of Mettler-Toledo International from a “hold” rating to a “buy” rating in a research note on Thursday, July 11th. Evercore ISI upped their price objective on shares of Mettler-Toledo International from $1,375.00 to $1,390.00 and gave the stock an “in-line” rating in a research note on Tuesday, July 2nd. Stifel Nicolaus upped their price objective on shares of Mettler-Toledo International from $1,270.00 to $1,510.00 and gave the stock a “buy” rating in a research note on Monday, May 13th. Citigroup upped their price objective on shares of Mettler-Toledo International from $975.00 to $1,200.00 and gave the stock a “sell” rating in a research note on Monday, May 13th. Finally, Jefferies Financial Group reaffirmed an “underperform” rating and issued a $1,250.00 price objective (up from $1,230.00) on shares of Mettler-Toledo International in a research note on Monday, June 3rd. Two research analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $1,301.25.

Insiders Place Their Bets

In other Mettler-Toledo International news, CFO Shawn Vadala sold 300 shares of the firm’s stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $1,528.43, for a total transaction of $458,529.00. Following the completion of the transaction, the chief financial officer now directly owns 4,914 shares of the company’s stock, valued at approximately $7,510,705.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Mettler-Toledo International news, CFO Shawn Vadala sold 300 shares of the firm’s stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $1,528.43, for a total transaction of $458,529.00. Following the completion of the transaction, the chief financial officer now directly owns 4,914 shares of the company’s stock, valued at approximately $7,510,705.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Gerry Keller sold 310 shares of the firm’s stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $1,511.56, for a total transaction of $468,583.60. Following the transaction, the insider now directly owns 6 shares of the company’s stock, valued at $9,069.36. The disclosure for this sale can be found here. In the last ninety days, insiders sold 3,278 shares of company stock valued at $4,871,849. 1.94% of the stock is owned by insiders.

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.