Louisiana State Employees Retirement System Sells 400 Shares of Mettler-Toledo International Inc. (MTD)
Louisiana State Employees Retirement System decreased its position in Mettler-Toledo International Inc. (NYSE:MTD) by 5.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,100 shares of the company’s stock after selling 400 shares during the period. Louisiana State Employees Retirement System’s holdings in Mettler-Toledo International were worth $2,591,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently added to or reduced their stakes in MTD. Ladenburg Thalmann Financial Services Inc. increased its position in Mettler-Toledo International by 1.7% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 292 shares of the company’s stock worth $100,000 after buying an additional 5 shares during the period. Checchi Capital Advisers LLC increased its position in Mettler-Toledo International by 3.3% in the second quarter. Checchi Capital Advisers LLC now owns 316 shares of the company’s stock worth $115,000 after buying an additional 10 shares during the period. Meeder Asset Management Inc. purchased a new position in Mettler-Toledo International during the second quarter worth $138,000. LPL Financial LLC increased its position in Mettler-Toledo International by 1.4% in the first quarter. LPL Financial LLC now owns 843 shares of the company’s stock worth $292,000 after buying an additional 12 shares during the period. Finally, Private Trust Co. NA increased its position in Mettler-Toledo International by 53.7% in the second quarter. Private Trust Co. NA now owns 899 shares of the company’s stock worth $328,000 after buying an additional 314 shares during the period. 95.82% of the stock is owned by hedge funds and other institutional investors.
Shares of Mettler-Toledo International Inc. (NYSE:MTD) traded up 0.12% during midday trading on Monday, reaching $400.26. The company’s stock had a trading volume of 291,844 shares. The stock has a market cap of $10.60 billion, a PE ratio of 30.91 and a beta of 1.22. The firm has a 50-day moving average of $402.08 and a 200-day moving average of $373.16. Mettler-Toledo International Inc. has a one year low of $275.30 and a one year high of $416.75.
Mettler-Toledo International (NYSE:MTD) last issued its earnings results on Thursday, July 28th. The company reported $3.22 earnings per share for the quarter, topping the Zacks’ consensus estimate of $3.13 by $0.09. The business earned $608.28 million during the quarter, compared to the consensus estimate of $598.20 million. Mettler-Toledo International had a return on equity of 68.23% and a net margin of 14.74%. The firm’s revenue for the quarter was up 4.5% on a year-over-year basis. During the same period in the previous year, the company posted $2.80 earnings per share. On average, analysts forecast that Mettler-Toledo International Inc. will post $14.45 EPS for the current year.
A number of research firms have weighed in on MTD. Zacks Investment Research downgraded Mettler-Toledo International from a “buy” rating to a “hold” rating in a research report on Saturday, August 6th. JPMorgan Chase & Co. upped their price target on Mettler-Toledo International from $350.00 to $400.00 and gave the stock a “neutral” rating in a research report on Friday, July 29th. Citigroup Inc. downgraded Mettler-Toledo International from a “buy” rating to a “neutral” rating and upped their price target for the stock from $382.00 to $400.00 in a research report on Thursday, June 23rd. Finally, Bank of America Corp. raised Mettler-Toledo International from a “neutral” rating to a “buy” rating and upped their price target for the stock from $404.33 to $470.00 in a research report on Wednesday, August 31st. Eight research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $378.38.
In other news, insider Waldemar Rauch sold 3,042 shares of the business’s stock in a transaction that occurred on Monday, August 1st. The stock was sold at an average price of $410.56, for a total transaction of $1,248,923.52. Following the completion of the sale, the insider now owns 14,938 shares in the company, valued at $6,132,945.28. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Oliver A. Filliol sold 10,800 shares of the business’s stock in a transaction that occurred on Monday, August 8th. The shares were sold at an average price of $398.42, for a total value of $4,302,936.00. Following the sale, the insider now owns 20,988 shares of the company’s stock, valued at approximately $8,362,038.96. The disclosure for this sale can be found here. Insiders own 5.60% of the company’s stock.
Mettler-Toledo International Company Profile
Mettler-Toledo International Inc is a supplier of precision instruments and services. The Company is a provider of weighing instruments for use in laboratory, industrial and food retailing applications. The Company is also a provider of analytical instruments for use in life science, reaction engineering and real-time analytic systems used in drug and chemical compound development and process analytics instruments used for in-line measurement in production processes.
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