Teacher Retirement System of Texas Buys 1,662 Shares of Mettler-Toledo International Inc. (NYSE:MTD)

Teacher Retirement System of Texas raised its stake in shares of Mettler-Toledo International Inc. (NYSE:MTD) by 14.9% in the 4th quarter, HoldingsChannel.com reports. The firm owned 12,793 shares of the medical instruments supplier’s stock after purchasing an additional 1,662 shares during the period. Teacher Retirement System of Texas’ holdings in Mettler-Toledo International were worth $15,655,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of the stock. Royal London Asset Management Ltd. grew its holdings in Mettler-Toledo International by 3.2% during the fourth quarter. Royal London Asset Management Ltd. now owns 33,774 shares of the medical instruments supplier’s stock valued at $41,329,000 after purchasing an additional 1,045 shares during the period. Generali Asset Management SPA SGR bought a new stake in Mettler-Toledo International during the fourth quarter valued at about $1,512,000. Axxcess Wealth Management LLC grew its holdings in Mettler-Toledo International by 6.7% during the fourth quarter. Axxcess Wealth Management LLC now owns 870 shares of the medical instruments supplier’s stock valued at $1,065,000 after purchasing an additional 55 shares during the period. Cibc World Markets Corp grew its holdings in Mettler-Toledo International by 13.0% during the fourth quarter. Cibc World Markets Corp now owns 3,315 shares of the medical instruments supplier’s stock valued at $4,056,000 after purchasing an additional 382 shares during the period. Finally, Envestnet Portfolio Solutions Inc. grew its holdings in Mettler-Toledo International by 5.8% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 513 shares of the medical instruments supplier’s stock valued at $628,000 after purchasing an additional 28 shares during the period. Institutional investors own 95.07% of the company’s stock.

Insider Buying and Selling

In other Mettler-Toledo International news, insider Christian Magloth sold 790 shares of the company’s stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $1,313.69, for a total transaction of $1,037,815.10. Following the sale, the insider now directly owns 734 shares in the company, valued at $964,248.46. This represents a 51.84 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Gerry Keller sold 600 shares of the company’s stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $1,351.34, for a total value of $810,804.00. Following the sale, the insider now owns 6 shares in the company, valued at approximately $8,108.04. This trade represents a 99.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.94% of the stock is owned by company insiders.

Mettler-Toledo International Trading Down 0.2 %

NYSE:MTD opened at $1,198.09 on Friday. The company has a market capitalization of $24.97 billion, a P/E ratio of 29.56, a P/E/G ratio of 3.30 and a beta of 1.15. Mettler-Toledo International Inc. has a 12 month low of $1,142.91 and a 12 month high of $1,546.93. The business’s 50-day moving average is $1,292.72 and its 200 day moving average is $1,310.84.

Mettler-Toledo International (NYSE:MTD) last posted its earnings results on Thursday, February 13th. The medical instruments supplier reported $12.41 EPS for the quarter, topping analysts’ consensus estimates of $11.76 by $0.65. Mettler-Toledo International had a negative return on equity of 591.54% and a net margin of 22.29%. On average, research analysts forecast that Mettler-Toledo International Inc. will post 42.71 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on MTD shares. Wells Fargo & Company boosted their price target on Mettler-Toledo International from $1,350.00 to $1,400.00 and gave the company an “equal weight” rating in a report on Monday, February 10th. Robert W. Baird upped their price objective on Mettler-Toledo International from $1,362.00 to $1,369.00 and gave the stock a “neutral” rating in a research note on Monday, February 10th. Wolfe Research assumed coverage on Mettler-Toledo International in a research note on Friday, December 13th. They issued a “peer perform” rating for the company. Evercore ISI upped their price objective on Mettler-Toledo International from $1,450.00 to $1,475.00 and gave the stock an “outperform” rating in a research note on Monday, February 10th. Finally, Citigroup dropped their price objective on Mettler-Toledo International from $1,450.00 to $1,400.00 and set a “neutral” rating for the company in a research note on Tuesday, March 4th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $1,380.50.

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.