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

Kentucky Retirement Systems Insurance Trust Fund cut its stake in shares of Mettler-Toledo International Inc. (NYSE:MTD) by 8.9% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 628 shares of the medical instruments supplier’s stock after selling 61 shares during the period. Kentucky Retirement Systems Insurance Trust Fund’s holdings in Mettler-Toledo International were worth $942,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Gateway Investment Advisers LLC bought a new position in shares of Mettler-Toledo International in the second quarter valued at $685,000. Swedbank AB acquired a new position in shares of Mettler-Toledo International during the 1st quarter worth about $26,867,000. SG Americas Securities LLC raised its holdings in shares of Mettler-Toledo International by 52.9% in the 2nd quarter. SG Americas Securities LLC now owns 4,516 shares of the medical instruments supplier’s stock valued at $6,312,000 after purchasing an additional 1,562 shares during the period. Allspring Global Investments Holdings LLC lifted its stake in Mettler-Toledo International by 14.0% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,240 shares of the medical instruments supplier’s stock valued at $1,860,000 after purchasing an additional 152 shares during the last quarter. Finally, Linden Thomas Advisory Services LLC lifted its stake in Mettler-Toledo International by 212.2% in the 2nd quarter. Linden Thomas Advisory Services LLC now owns 1,308 shares of the medical instruments supplier’s stock valued at $1,828,000 after purchasing an additional 889 shares during the last quarter. 95.07% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, Director Elisha W. Finney sold 76 shares of the stock in a transaction on Monday, November 11th. The stock was sold at an average price of $1,311.75, for a total transaction of $99,693.00. Following the sale, the director now directly owns 240 shares of the company’s stock, valued at approximately $314,820. This represents a 24.05 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.94% of the stock is currently owned by company insiders.

Mettler-Toledo International Stock Performance

MTD opened at $1,179.58 on Monday. The stock has a fifty day moving average of $1,382.02 and a 200-day moving average of $1,402.37. Mettler-Toledo International Inc. has a fifty-two week low of $1,041.49 and a fifty-two week high of $1,546.93. The company has a market capitalization of $24.89 billion, a P/E ratio of 31.80, a P/E/G ratio of 3.89 and a beta of 1.16.

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

Analysts Set New Price Targets

MTD has been the topic of several research analyst reports. Robert W. Baird dropped 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 note on Monday, November 11th. 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 on the stock in a research note on Monday, November 11th. Evercore ISI raised their price target on Mettler-Toledo International from $1,375.00 to $1,450.00 and gave the company an “in-line” rating in a report on Tuesday, October 1st. JPMorgan Chase & Co. upped their price objective on shares of Mettler-Toledo International from $1,300.00 to $1,400.00 and gave the company a “neutral” rating in a report on Monday, August 5th. Finally, Stifel Nicolaus cut their target price on shares of Mettler-Toledo International from $1,550.00 to $1,450.00 and set a “buy” rating for the company in a research note on Monday, November 11th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $1,338.75.

Mettler-Toledo International 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.