Mettler-Toledo International Inc. (NYSE:MTD) Shares Bought by Retirement Systems of Alabama

Retirement Systems of Alabama increased its stake in shares of Mettler-Toledo International Inc. (NYSE:MTD - Free Report) by 610.4% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 33,462 shares of the medical instruments supplier's stock after buying an additional 28,752 shares during the quarter. Retirement Systems of Alabama owned about 0.16% of Mettler-Toledo International worth $50,183,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Wealth Enhancement Advisory Services LLC raised its position in Mettler-Toledo International by 1.2% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 1,158 shares of the medical instruments supplier's stock valued at $1,619,000 after purchasing an additional 14 shares during the period. OFI Invest Asset Management purchased a new stake in Mettler-Toledo International in the second quarter valued at approximately $802,000. Parsons Capital Management Inc. RI lifted its stake in Mettler-Toledo International by 7.2% during the second quarter. Parsons Capital Management Inc. RI now owns 2,681 shares of the medical instruments supplier's stock worth $3,747,000 after purchasing an additional 180 shares in the last quarter. Carnegie Investment Counsel boosted its position in shares of Mettler-Toledo International by 0.8% during the second quarter. Carnegie Investment Counsel now owns 13,963 shares of the medical instruments supplier's stock worth $19,514,000 after buying an additional 109 shares during the period. Finally, Walter Public Investments Inc. grew its stake in shares of Mettler-Toledo International by 26.6% in the second quarter. Walter Public Investments Inc. now owns 10,453 shares of the medical instruments supplier's stock valued at $14,609,000 after buying an additional 2,194 shares in the last quarter. Institutional investors and hedge funds own 95.07% of the company's stock.

Insiders Place Their Bets

In other Mettler-Toledo International news, Director Elisha W. Finney sold 76 shares of the business's stock in a transaction on Monday, November 11th. The shares were sold at an average price of $1,311.75, for a total transaction of $99,693.00. Following the sale, the director now directly owns 240 shares in the company, valued at approximately $314,820. The trade was a 24.05 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Gerry Keller sold 140 shares of the stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $1,254.09, for a total transaction of $175,572.60. Following the completion of the transaction, the insider now owns 6 shares of the company's stock, valued at $7,524.54. This represents a 95.89 % decrease in their position. The disclosure for this sale can be found here. 1.94% of the stock is currently owned by corporate insiders.

Mettler-Toledo International Stock Performance

Shares of NYSE:MTD traded up $0.06 on Friday, hitting $1,276.98. 118,953 shares of the company's stock were exchanged, compared to its average volume of 135,506. The firm's 50-day moving average is $1,305.85 and its 200 day moving average is $1,377.40. The company has a market capitalization of $26.95 billion, a PE ratio of 34.43, a P/E/G ratio of 4.19 and a beta of 1.13. Mettler-Toledo International Inc. has a 1-year low of $1,115.64 and a 1-year high of $1,546.93.

Mettler-Toledo International (NYSE:MTD - Get Free Report) last issued its quarterly earnings data on Thursday, November 7th. The medical instruments supplier reported $10.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $10.00 by $0.21. Mettler-Toledo International had a negative return on equity of 531.78% and a net margin of 21.15%. The company had revenue of $954.54 million for the quarter, compared to analyst estimates of $941.93 million. On average, analysts anticipate that Mettler-Toledo International Inc. will post 40.42 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on MTD. Robert W. Baird dropped their price objective on shares of Mettler-Toledo International from $1,375.00 to $1,310.00 and set a "neutral" rating for the company in a report on Monday, November 11th. Stifel Nicolaus dropped their price target on shares of Mettler-Toledo International from $1,550.00 to $1,450.00 and set a "buy" rating for the company in a research note on Monday, November 11th. Wolfe Research initiated coverage on Mettler-Toledo International in a research note on Friday. They issued a "peer perform" rating on the stock. Wells Fargo & Company decreased their target price on Mettler-Toledo International from $1,400.00 to $1,350.00 and set an "equal weight" rating for the company in a report on Monday, November 11th. Finally, Citigroup upgraded Mettler-Toledo International from a "sell" rating to a "neutral" rating and upped their price target for the stock from $1,200.00 to $1,300.00 in a report on Wednesday. One research analyst has rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $1,351.25.

About Mettler-Toledo International

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.