New York State Teachers Retirement System Has $23.50 Million Stock Holdings in Mettler-Toledo International Inc. (NYSE:MTD)

New York State Teachers Retirement System cut its holdings in shares of Mettler-Toledo International Inc. (NYSE:MTD - Free Report) by 5.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,200 shares of the medical instruments supplier's stock after selling 1,146 shares during the quarter. New York State Teachers Retirement System owned approximately 0.09% of Mettler-Toledo International worth $23,495,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in MTD. Exchange Traded Concepts LLC raised its holdings in shares of Mettler-Toledo International by 2,300.0% in the 3rd quarter. Exchange Traded Concepts LLC now owns 144 shares of the medical instruments supplier's stock valued at $216,000 after purchasing an additional 138 shares during the period. Creative Planning raised its holdings in shares of Mettler-Toledo International by 2.3% in the 3rd quarter. Creative Planning now owns 2,761 shares of the medical instruments supplier's stock valued at $4,141,000 after purchasing an additional 63 shares during the period. Bleakley Financial Group LLC raised its holdings in shares of Mettler-Toledo International by 1.2% in the 3rd quarter. Bleakley Financial Group LLC now owns 757 shares of the medical instruments supplier's stock valued at $1,135,000 after purchasing an additional 9 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in shares of Mettler-Toledo International by 7.8% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 2,233 shares of the medical instruments supplier's stock valued at $3,349,000 after purchasing an additional 162 shares during the period. Finally, V Square Quantitative Management LLC raised its holdings in shares of Mettler-Toledo International by 4.1% in the 3rd quarter. V Square Quantitative Management LLC now owns 505 shares of the medical instruments supplier's stock valued at $757,000 after purchasing an additional 20 shares during the period. 95.07% of the stock is owned by institutional investors.

Mettler-Toledo International Trading Up 2.5 %

Shares of NYSE:MTD traded up $32.04 on Wednesday, reaching $1,305.22. 151,415 shares of the company's stock were exchanged, compared to its average volume of 137,718. The company has a fifty day moving average of $1,284.19 and a 200-day moving average of $1,334.52. Mettler-Toledo International Inc. has a twelve month low of $1,142.91 and a twelve month high of $1,546.93. The company has a market capitalization of $27.31 billion, a price-to-earnings ratio of 32.20, a PEG ratio of 3.22 and a beta of 1.13.

Mettler-Toledo International (NYSE:MTD - Get Free Report) last announced its earnings results on Thursday, February 13th. The medical instruments supplier reported $12.41 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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%. As a group, equities research analysts forecast that Mettler-Toledo International Inc. will post 42.71 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have recently issued reports on MTD. Evercore ISI upped their target price on shares of Mettler-Toledo International from $1,450.00 to $1,475.00 and gave the company an "outperform" rating in a report on Monday, February 10th. Wolfe Research assumed coverage on shares of Mettler-Toledo International in a report on Friday, December 13th. They issued a "peer perform" rating on the stock. Stifel Nicolaus decreased their price target 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. Citigroup upgraded shares of Mettler-Toledo International from a "sell" rating to a "neutral" rating and upped their price target for the company from $1,200.00 to $1,300.00 in a research note on Wednesday, December 11th. Finally, Robert W. Baird upped their price target on shares of Mettler-Toledo International from $1,362.00 to $1,369.00 and gave the company a "neutral" rating in a research note on Monday, February 10th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Mettler-Toledo International presently has an average rating of "Hold" and an average price target of $1,368.00.

Insiders Place Their Bets

In other Mettler-Toledo International news, insider Gerry Keller sold 140 shares of the stock in a transaction that occurred on 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 transaction, the insider now owns 6 shares in the company, valued at $7,524.54. This represents a 95.89 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 1.94% of the company's stock.

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.