State of Alaska Department of Revenue Sells 402 Shares of Mettler-Toledo International Inc. (NYSE:MTD)

State of Alaska Department of Revenue cut its holdings in shares of Mettler-Toledo International Inc. (NYSE:MTD - Free Report) by 14.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,409 shares of the medical instruments supplier's stock after selling 402 shares during the period. State of Alaska Department of Revenue's holdings in Mettler-Toledo International were worth $2,947,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. Sanctuary Advisors LLC purchased a new position in Mettler-Toledo International in the 2nd quarter valued at $500,000. Park Avenue Securities LLC lifted its holdings in Mettler-Toledo International by 13.7% in the third quarter. Park Avenue Securities LLC now owns 299 shares of the medical instruments supplier's stock valued at $448,000 after acquiring an additional 36 shares during the period. Mather Group LLC. raised its stake in shares of Mettler-Toledo International by 54.5% during the 3rd quarter. Mather Group LLC. now owns 68 shares of the medical instruments supplier's stock worth $102,000 after buying an additional 24 shares during the last quarter. Wedmont Private Capital acquired a new position in shares of Mettler-Toledo International during the 3rd quarter worth $246,000. Finally, UMB Bank n.a. raised its stake in shares of Mettler-Toledo International by 8.0% during the 3rd quarter. UMB Bank n.a. now owns 122 shares of the medical instruments supplier's stock worth $183,000 after buying an additional 9 shares during the last quarter. 95.07% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Mettler-Toledo International

In related news, insider Gerry Keller sold 600 shares of the business's stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $1,351.34, for a total transaction of $810,804.00. Following the transaction, the insider now directly owns 6 shares in the company, valued at $8,108.04. The trade was a 99.01 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 1.94% of the stock is currently owned by corporate insiders.

Mettler-Toledo International Price Performance

MTD traded down $14.77 during trading on Thursday, reaching $1,297.83. 138,660 shares of the stock traded hands, compared to its average volume of 138,968. The stock has a market cap of $27.15 billion, a price-to-earnings ratio of 32.02, a price-to-earnings-growth ratio of 4.80 and a beta of 1.13. Mettler-Toledo International Inc. has a fifty-two week low of $1,142.91 and a fifty-two week high of $1,546.93. The stock's 50-day simple moving average is $1,282.98 and its two-hundred day simple moving average is $1,341.42.

Mettler-Toledo International (NYSE:MTD - Get Free Report) last posted its earnings results 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 negative return on equity of 564.51% and a net margin of 22.29%. Research analysts anticipate that Mettler-Toledo International Inc. will post 41.94 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on MTD shares. Wolfe Research initiated coverage on shares of Mettler-Toledo International in a report on Friday, December 13th. They set a "peer perform" rating for the company. Citigroup upgraded Mettler-Toledo International from a "sell" rating to a "neutral" rating and boosted their target price for the stock from $1,200.00 to $1,300.00 in a report on Wednesday, December 11th. Robert W. Baird raised their price objective on Mettler-Toledo International from $1,362.00 to $1,369.00 and gave the company a "neutral" rating in a research report on Monday. Wells Fargo & Company boosted their target price 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 report on Monday. Finally, Stifel Nicolaus cut their price target on 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. One 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 company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $1,368.00.

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.