Mettler-Toledo International, Inc. (MTD) Shares Bought by Oregon Public Employees Retirement Fund

Oregon Public Employees Retirement Fund increased its stake in shares of Mettler-Toledo International, Inc. (NYSE:MTD) by 11.3% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 12,772 shares of the medical instruments supplier’s stock after buying an additional 1,300 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Mettler-Toledo International were worth $7,517,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Israel Discount Bank of New York acquired a new position in shares of Mettler-Toledo International during the first quarter valued at approximately $102,000. YorkBridge Wealth Partners LLC boosted its position in shares of Mettler-Toledo International by 11.0% in the first quarter. YorkBridge Wealth Partners LLC now owns 222 shares of the medical instruments supplier’s stock valued at $115,000 after buying an additional 22 shares in the last quarter. TLP Group LLC acquired a new position in shares of Mettler-Toledo International during the first quarter valued at approximately $144,000. Penserra Capital Management LLC boosted its position in shares of Mettler-Toledo International by 9.5% in the first quarter. Penserra Capital Management LLC now owns 414 shares of the medical instruments supplier’s stock valued at $198,000 after buying an additional 36 shares in the last quarter. Finally, Fernwood Investment Management LLC acquired a new position in shares of Mettler-Toledo International during the first quarter valued at approximately $204,000. 95.31% of the stock is currently owned by hedge funds and other institutional investors.

Mettler-Toledo International, Inc. (MTD) opened at 608.76 on Thursday. The company has a market capitalization of $15.72 billion, a PE ratio of 39.72 and a beta of 1.14. Mettler-Toledo International, Inc. has a one year low of $380.35 and a one year high of $612.94. The stock’s 50 day moving average is $593.58 and its 200 day moving average is $511.12.

Mettler-Toledo International (NYSE:MTD) last posted its quarterly earnings results on Thursday, May 4th. The medical instruments supplier reported $3.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.08 by $0.26. Mettler-Toledo International had a net margin of 16.04% and a return on equity of 90.28%. The company had revenue of $594.57 million for the quarter, compared to analyst estimates of $571.30 million. During the same quarter in the previous year, the firm posted $2.46 earnings per share. The company’s quarterly revenue was up 10.2% compared to the same quarter last year. On average, analysts anticipate that Mettler-Toledo International, Inc. will post $17.22 earnings per share for the current fiscal year.

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Several research analysts have recently commented on MTD shares. Bank of America Corporation raised their target price on shares of Mettler-Toledo International from $590.00 to $630.00 and gave the stock a “buy” rating in a report on Wednesday, May 31st. Zacks Investment Research cut shares of Mettler-Toledo International from a “buy” rating to a “hold” rating in a report on Monday, June 5th. Jefferies Group LLC reaffirmed a “hold” rating and set a $550.00 target price on shares of Mettler-Toledo International in a report on Tuesday, June 20th. Finally, BidaskClub cut shares of Mettler-Toledo International from a “strong-buy” rating to a “buy” rating in a report on Tuesday, June 13th. Five equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $513.17.

In other news, insider William P. Donnelly sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 9th. The shares were sold at an average price of $546.18, for a total value of $2,730,900.00. Following the sale, the insider now owns 3,000 shares of the company’s stock, valued at $1,638,540. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Francis A. Contino sold 725 shares of the business’s stock in a transaction that occurred on Monday, May 8th. The shares were sold at an average price of $546.00, for a total transaction of $395,850.00. Following the completion of the sale, the director now directly owns 2,234 shares in the company, valued at approximately $1,219,764. The disclosure for this sale can be found here. In the last three months, insiders sold 52,046 shares of company stock worth $28,826,702. Insiders own 5.20% of the company’s stock.

About Mettler-Toledo International

Mettler-Toledo International Inc is a supplier of precision instruments and services. The Company operates through five segments: U.S. Operations, Swiss Operations, Western European Operations, Chinese Operations and Other. The Company manufactures weighing instruments for use in laboratory, industrial, packaging, logistics and food retailing applications.

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Institutional Ownership by Quarter for Mettler-Toledo International (NYSE:MTD)

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