Kentucky Retirement Systems Sells 20 Shares of Mettler-Toledo International Inc. (NYSE:MTD)

Kentucky Retirement Systems lessened its stake in shares of Mettler-Toledo International Inc. (NYSE:MTD) by 1.4% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,458 shares of the medical instruments supplier’s stock after selling 20 shares during the quarter. Kentucky Retirement Systems’ holdings in Mettler-Toledo International were worth $1,784,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Huntington National Bank grew its stake in shares of Mettler-Toledo International by 20.0% during the third quarter. Huntington National Bank now owns 54 shares of the medical instruments supplier’s stock worth $81,000 after buying an additional 9 shares during the last quarter. Townsquare Capital LLC grew its stake in shares of Mettler-Toledo International by 2.0% in the third quarter. Townsquare Capital LLC now owns 462 shares of the medical instruments supplier’s stock worth $693,000 after purchasing an additional 9 shares during the last quarter. M3 Advisory Group LLC grew its stake in shares of Mettler-Toledo International by 5.8% in the fourth quarter. M3 Advisory Group LLC now owns 165 shares of the medical instruments supplier’s stock worth $202,000 after purchasing an additional 9 shares during the last quarter. Apollon Wealth Management LLC grew its stake in shares of Mettler-Toledo International by 2.5% in the fourth quarter. Apollon Wealth Management LLC now owns 368 shares of the medical instruments supplier’s stock worth $451,000 after purchasing an additional 9 shares during the last quarter. Finally, HM Payson & Co. grew its stake in shares of Mettler-Toledo International by 2.1% in the third quarter. HM Payson & Co. now owns 541 shares of the medical instruments supplier’s stock worth $811,000 after purchasing an additional 11 shares during the last quarter. Institutional investors own 95.07% of the company’s stock.

Insider Activity

In other news, insider Gerry Keller sold 600 shares of the company’s stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $1,351.34, for a total transaction of $810,804.00. Following the transaction, the insider now owns 6 shares in the company, valued at approximately $8,108.04. This represents a 99.01 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.94% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on MTD shares. Wolfe Research started coverage on shares of Mettler-Toledo International in a research note on Friday, December 13th. They issued a “peer perform” rating on the stock. Citigroup raised shares of Mettler-Toledo International from a “sell” rating to a “neutral” rating and boosted their price objective for the stock from $1,200.00 to $1,300.00 in a research note on Wednesday, December 11th. Wells Fargo & Company boosted their price objective on shares of Mettler-Toledo International from $1,350.00 to $1,400.00 and gave the stock an “equal weight” rating in a research note on Monday, February 10th. Stifel Nicolaus reduced their price objective on shares of Mettler-Toledo International from $1,550.00 to $1,450.00 and set a “buy” rating on the stock in a research note on Monday, November 11th. Finally, Evercore ISI boosted their price objective on shares of 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. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $1,368.00.

Mettler-Toledo International Stock Down 1.3 %

MTD stock opened at $1,285.67 on Friday. The firm has a market cap of $26.90 billion, a price-to-earnings ratio of 31.72, a PEG ratio of 3.30 and a beta of 1.13. Mettler-Toledo International Inc. has a 12-month low of $1,142.91 and a 12-month high of $1,546.93. The company’s fifty day simple moving average is $1,285.56 and its 200 day simple moving average is $1,333.50.

Mettler-Toledo International (NYSE:MTD) last announced its quarterly earnings data on Thursday, February 13th. The medical instruments supplier reported $12.41 earnings per share for the quarter, beating the consensus estimate of $11.76 by $0.65. Mettler-Toledo International had a net margin of 22.29% and a negative return on equity of 591.54%. Research analysts expect that Mettler-Toledo International Inc. will post 42.71 earnings per share for the current year.

Mettler-Toledo International 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.