Baldwin Wealth Partners LLC MA trimmed its stake in Mettler-Toledo International, Inc. (NYSE:MTD – Free Report) by 32.6% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 298 shares of the medical instruments supplier’s stock after selling 144 shares during the period. Baldwin Wealth Partners LLC MA’s holdings in Mettler-Toledo International were worth $350,000 as of its most recent SEC filing.
A number of other large investors have also made changes to their positions in the stock. WPG Advisers LLC acquired a new stake in Mettler-Toledo International during the first quarter worth about $41,000. Zions Bancorporation National Association UT acquired a new stake in shares of Mettler-Toledo International during the 1st quarter worth approximately $43,000. Golden State Wealth Management LLC increased its position in shares of Mettler-Toledo International by 583.3% during the first quarter. Golden State Wealth Management LLC now owns 41 shares of the medical instruments supplier’s stock valued at $48,000 after purchasing an additional 35 shares during the period. Sound Income Strategies LLC increased its position in shares of Mettler-Toledo International by 477.8% during the second quarter. Sound Income Strategies LLC now owns 52 shares of the medical instruments supplier’s stock valued at $61,000 after purchasing an additional 43 shares during the period. Finally, Blue Trust Inc. increased its position in shares of Mettler-Toledo International by 520.0% during the first quarter. Blue Trust Inc. now owns 62 shares of the medical instruments supplier’s stock valued at $73,000 after purchasing an additional 52 shares during the period. Institutional investors and hedge funds own 95.07% of the company’s stock.
Mettler-Toledo International Price Performance
Shares of MTD stock opened at $1,274.39 on Friday. The stock’s fifty day simple moving average is $1,278.97 and its 200 day simple moving average is $1,190.04. The firm has a market cap of $26.25 billion, a price-to-earnings ratio of 32.27, a P/E/G ratio of 3.92 and a beta of 1.37. Mettler-Toledo International, Inc. has a one year low of $946.69 and a one year high of $1,486.76.
Analyst Ratings Changes
A number of analysts have recently issued reports on the company. Bank of America boosted their price objective on Mettler-Toledo International from $1,260.00 to $1,390.00 and gave the company a “neutral” rating in a research report on Monday, September 22nd. Weiss Ratings restated a “hold (c)” rating on shares of Mettler-Toledo International in a research report on Wednesday. Citigroup boosted their price objective on Mettler-Toledo International from $1,400.00 to $1,600.00 and gave the company a “buy” rating in a research report on Thursday, August 21st. JPMorgan Chase & Co. boosted their price objective on Mettler-Toledo International from $1,200.00 to $1,285.00 and gave the company a “neutral” rating in a research report on Thursday. Finally, Robert W. Baird boosted their price objective on Mettler-Toledo International from $1,210.00 to $1,230.00 and gave the company a “neutral” rating in a research report on Monday, August 4th. Five investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $1,336.50.
Read Our Latest Stock Report on Mettler-Toledo International
Insiders Place Their Bets
In other Mettler-Toledo International news, insider Gerry Keller sold 165 shares of the business’s stock in a transaction on Thursday, August 14th. The stock was sold at an average price of $1,308.64, for a total value of $215,925.60. Following the transaction, the insider owned 94 shares of the company’s stock, valued at approximately $123,012.16. The trade was a 63.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Shawn Vadala sold 300 shares of the business’s stock in a transaction on Friday, August 8th. The stock was sold at an average price of $1,254.09, for a total value of $376,227.00. Following the completion of the transaction, the chief financial officer directly owned 5,095 shares in the company, valued at approximately $6,389,588.55. This represents a 5.56% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,827 shares of company stock valued at $2,371,208. 1.94% of the stock is currently owned by corporate insiders.
About Mettler-Toledo International
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.
See Also
- Five stocks we like better than Mettler-Toledo International
- Investing in Construction Stocks
- 3 Heavily Shorted Stocks That Could Pop on Rate Cuts
- 3 Must-Buy Warren Buffett Stocks for Volatile Times
- Broadcom Gets Second $420 Target as CPO Win Boosts Outlook
- Insider Trading – What You Need to Know
- PepsiCo’s Deep Discount Will Soon Evaporate: Buy It While You Can
Receive News & Ratings for Mettler-Toledo International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mettler-Toledo International and related companies with MarketBeat.com's FREE daily email newsletter.