Kentucky Retirement Systems Insurance Trust Fund Has $942,000 Stock Position in Mettler-Toledo International Inc. (NYSE:MTD)

Kentucky Retirement Systems Insurance Trust Fund lessened its holdings in Mettler-Toledo International Inc. (NYSE:MTD) by 8.9% during the third quarter, HoldingsChannel reports. The firm owned 628 shares of the medical instruments supplier’s stock after selling 61 shares during the quarter. Kentucky Retirement Systems Insurance Trust Fund’s holdings in Mettler-Toledo International were worth $942,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of MTD. Family Firm Inc. bought a new stake in shares of Mettler-Toledo International during the 2nd quarter worth $25,000. Blue Trust Inc. grew its position in Mettler-Toledo International by 242.9% in the third quarter. Blue Trust Inc. now owns 24 shares of the medical instruments supplier’s stock valued at $34,000 after acquiring an additional 17 shares during the last quarter. Ashton Thomas Securities LLC acquired a new position in Mettler-Toledo International during the third quarter worth about $37,000. Rothschild Investment LLC bought a new position in shares of Mettler-Toledo International in the second quarter worth about $42,000. Finally, Itau Unibanco Holding S.A. acquired a new stake in shares of Mettler-Toledo International in the 2nd quarter valued at approximately $42,000. Institutional investors and hedge funds own 95.07% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently issued reports on MTD. Evercore ISI upped their price objective on shares of Mettler-Toledo International from $1,375.00 to $1,450.00 and gave the stock an “in-line” rating in a research report on Tuesday, October 1st. Wells Fargo & Company dropped their price target on Mettler-Toledo International from $1,400.00 to $1,350.00 and set an “equal weight” rating for the company in a research note on Monday, November 11th. Robert W. Baird reduced their price objective on Mettler-Toledo International from $1,375.00 to $1,310.00 and set a “neutral” rating on the stock in a research report on Monday, November 11th. Stifel Nicolaus lowered their target price on Mettler-Toledo International from $1,550.00 to $1,450.00 and set a “buy” rating for the company in a report on Monday, November 11th. Finally, JPMorgan Chase & Co. lifted their price target on Mettler-Toledo International from $1,300.00 to $1,400.00 and gave the company a “neutral” rating in a research note on Monday, August 5th. Two analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $1,338.75.

Mettler-Toledo International Trading Down 4.7 %

NYSE MTD opened at $1,179.58 on Monday. Mettler-Toledo International Inc. has a 12 month low of $1,041.49 and a 12 month high of $1,546.93. The firm has a market capitalization of $24.89 billion, a PE ratio of 31.80, a price-to-earnings-growth ratio of 3.89 and a beta of 1.16. The business’s 50-day moving average price is $1,382.02 and its two-hundred day moving average price is $1,402.37.

Mettler-Toledo International (NYSE:MTD) last released its earnings results on Thursday, November 7th. The medical instruments supplier reported $10.21 earnings per share for the quarter, beating analysts’ consensus estimates of $10.00 by $0.21. The business had revenue of $954.54 million during the quarter, compared to the consensus estimate of $941.93 million. Mettler-Toledo International had a net margin of 21.15% and a negative return on equity of 531.78%. As a group, analysts forecast that Mettler-Toledo International Inc. will post 40.39 earnings per share for the current fiscal year.

Insider Transactions at Mettler-Toledo International

In other Mettler-Toledo International news, Director Elisha W. Finney sold 76 shares of the company’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 owns 240 shares of the company’s stock, valued at approximately $314,820. This represents a 24.05 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.94% of the stock is currently owned by corporate 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.