Illinois Municipal Retirement Fund Has $12.55 Million Position in Mettler-Toledo International Inc. (NYSE:MTD)

Illinois Municipal Retirement Fund raised its stake in shares of Mettler-Toledo International Inc. (NYSE:MTD) by 10.4% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,349 shares of the medical instruments supplier’s stock after buying an additional 977 shares during the period. Illinois Municipal Retirement Fund’s holdings in Mettler-Toledo International were worth $12,553,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the stock. International Assets Investment Management LLC raised its holdings in Mettler-Toledo International by 109,458.1% in the 4th quarter. International Assets Investment Management LLC now owns 67,926 shares of the medical instruments supplier’s stock worth $82,392,000 after acquiring an additional 67,864 shares during the period. Comgest Global Investors S.A.S. raised its holdings in Mettler-Toledo International by 2,689.3% in the 3rd quarter. Comgest Global Investors S.A.S. now owns 52,579 shares of the medical instruments supplier’s stock worth $58,261,000 after acquiring an additional 50,694 shares during the period. iA Global Asset Management Inc. raised its holdings in Mettler-Toledo International by 6,844.3% in the 3rd quarter. iA Global Asset Management Inc. now owns 48,957 shares of the medical instruments supplier’s stock worth $54,248,000 after acquiring an additional 48,252 shares during the period. Martin Currie Ltd. raised its holdings in Mettler-Toledo International by 108.5% in the 3rd quarter. Martin Currie Ltd. now owns 90,903 shares of the medical instruments supplier’s stock worth $100,727,000 after acquiring an additional 47,306 shares during the period. Finally, Impax Asset Management Group plc raised its holdings in Mettler-Toledo International by 30.3% in the 3rd quarter. Impax Asset Management Group plc now owns 180,977 shares of the medical instruments supplier’s stock worth $200,535,000 after acquiring an additional 42,120 shares during the period. Institutional investors and hedge funds own 95.07% of the company’s stock.

Mettler-Toledo International Stock Up 4.0 %

NYSE:MTD traded up $48.07 on Tuesday, reaching $1,247.53. The stock had a trading volume of 65,219 shares, compared to its average volume of 139,575. The company has a market capitalization of $26.68 billion, a P/E ratio of 33.42, a price-to-earnings-growth ratio of 3.25 and a beta of 1.15. Mettler-Toledo International Inc. has a 1-year low of $928.49 and a 1-year high of $1,574.26. The stock has a fifty day moving average price of $1,269.81 and a 200-day moving average price of $1,172.97.

Mettler-Toledo International (NYSE:MTD) last released its quarterly earnings results on Friday, February 9th. The medical instruments supplier reported $9.40 EPS for the quarter, missing analysts’ consensus estimates of $10.32 by ($0.92). The firm had revenue of $934.90 million during the quarter, compared to analyst estimates of $959.45 million. Mettler-Toledo International had a net margin of 20.82% and a negative return on equity of 904.59%. Mettler-Toledo International’s quarterly revenue was down 11.6% on a year-over-year basis. During the same quarter last year, the firm earned $12.10 earnings per share. Sell-side analysts predict that Mettler-Toledo International Inc. will post 39.9 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on MTD shares. StockNews.com downgraded shares of Mettler-Toledo International from a “buy” rating to a “hold” rating in a report on Thursday, April 18th. Evercore ISI boosted their price objective on shares of Mettler-Toledo International from $1,200.00 to $1,300.00 and gave the stock an “in-line” rating in a report on Thursday, April 4th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $1,233.25.

Insiders Place Their Bets

In other Mettler-Toledo International news, Director Elisha W. Finney sold 251 shares of the business’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $1,177.35, for a total value of $295,514.85. Following the completion of the transaction, the director now directly owns 316 shares of the company’s stock, valued at $372,042.60. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Mettler-Toledo International news, Director Elisha W. Finney sold 251 shares of the business’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $1,177.35, for a total value of $295,514.85. Following the completion of the transaction, the director now directly owns 316 shares of the company’s stock, valued at $372,042.60. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Christian Magloth sold 400 shares of the business’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $1,278.73, for a total transaction of $511,492.00. Following the completion of the transaction, the insider now directly owns 734 shares of the company’s stock, valued at $938,587.82. The disclosure for this sale can be found here. Over the last three months, insiders sold 951 shares of company stock valued at $1,170,256. Insiders own 1.94% of the company’s stock.

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.