Texas Permanent School Fund Corp Has $5.91 Million Position in Mettler-Toledo International Inc. (NYSE:MTD)

Texas Permanent School Fund Corp increased its position in shares of Mettler-Toledo International Inc. (NYSE:MTD) by 0.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,440 shares of the medical instruments supplier’s stock after acquiring an additional 15 shares during the period. Texas Permanent School Fund Corp’s holdings in Mettler-Toledo International were worth $5,911,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in MTD. MV Capital Management Inc. increased its position in Mettler-Toledo International by 162.5% during the 4th quarter. MV Capital Management Inc. now owns 21 shares of the medical instruments supplier’s stock worth $25,000 after purchasing an additional 13 shares in the last quarter. Rise Advisors LLC acquired a new stake in shares of Mettler-Toledo International during the 1st quarter valued at $25,000. CVA Family Office LLC bought a new stake in Mettler-Toledo International during the 4th quarter worth $27,000. Spartan Planning & Wealth Management acquired a new position in shares of Mettler-Toledo International in the fourth quarter valued at approximately $27,000. Finally, Bellevue Group AG bought a new position in shares of Mettler-Toledo International during the fourth quarter valued at $30,000. 95.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have weighed in on MTD. Robert W. Baird increased their price target on Mettler-Toledo International from $1,212.00 to $1,360.00 and gave the stock a “neutral” rating in a report on Monday, May 13th. StockNews.com upgraded Mettler-Toledo International from a “hold” rating to a “buy” rating in a report on Thursday. Jefferies Financial Group restated an “underperform” rating and set a $1,250.00 price target (up previously from $1,230.00) on shares of Mettler-Toledo International in a research note on Monday, June 3rd. Stifel Nicolaus raised their price objective on shares of Mettler-Toledo International from $1,270.00 to $1,510.00 and gave the company a “buy” rating in a research note on Monday, May 13th. Finally, Evercore ISI boosted their target price on shares of Mettler-Toledo International from $1,375.00 to $1,390.00 and gave the stock an “in-line” rating in a research report on Tuesday, July 2nd. Two analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $1,301.25.

Mettler-Toledo International Stock Performance

NYSE:MTD traded up $10.59 on Friday, hitting $1,368.77. The stock had a trading volume of 2,689 shares, compared to its average volume of 144,551. Mettler-Toledo International Inc. has a 1 year low of $928.49 and a 1 year high of $1,535.86. The firm’s fifty day simple moving average is $1,418.97 and its two-hundred day simple moving average is $1,301.79. The stock has a market cap of $29.24 billion, a P/E ratio of 38.09, a price-to-earnings-growth ratio of 3.55 and a beta of 1.17.

Mettler-Toledo International (NYSE:MTD) last issued its quarterly earnings results on Thursday, May 9th. The medical instruments supplier reported $8.89 EPS for the quarter, beating analysts’ consensus estimates of $7.61 by $1.28. Mettler-Toledo International had a negative return on equity of 662.32% and a net margin of 20.55%. The company had revenue of $925.95 million during the quarter, compared to the consensus estimate of $879.72 million. During the same period last year, the business posted $8.69 earnings per share. Mettler-Toledo International’s revenue was down .3% on a year-over-year basis. Equities research analysts predict that Mettler-Toledo International Inc. will post 40.13 EPS for the current year.

Insider Buying and Selling

In other Mettler-Toledo International news, Director Thomas P. Salice sold 1,268 shares of Mettler-Toledo International stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $1,490.18, for a total value of $1,889,548.24. Following the sale, the director now owns 244 shares of the company’s stock, valued at $363,603.92. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, Director Thomas P. Salice sold 1,268 shares of the business’s stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $1,490.18, for a total value of $1,889,548.24. Following the sale, the director now owns 244 shares of the company’s stock, valued at $363,603.92. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Christian Magloth sold 1,100 shares of the firm’s stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $1,470.97, for a total transaction of $1,618,067.00. Following the completion of the transaction, the insider now directly owns 734 shares of the company’s stock, valued at $1,079,691.98. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 3,278 shares of company stock valued at $4,871,849. 1.94% of the stock is owned by insiders.

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.Its industrial instruments comprise industrial weighing instruments and related terminals, automatic dimensional measurement and data capture solutions, vehicle scale systems, industrial software, metal detection equipment, x-ray systems, check weighing equipment, camera-based imaging equipment, track-and-trace solutions, and product inspection systems.