Vanguard Group Inc. raised its position in Mettler-Toledo International, Inc. (NYSE:MTD – Free Report) by 0.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,556,707 shares of the medical instruments supplier’s stock after acquiring an additional 13,342 shares during the quarter. Vanguard Group Inc. owned approximately 12.41% of Mettler-Toledo International worth $3,003,415,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. WPG Advisers LLC purchased a new stake in shares of Mettler-Toledo International in the 1st quarter worth about $41,000. NewSquare Capital LLC grew its position in Mettler-Toledo International by 94.4% in the 2nd quarter. NewSquare Capital LLC now owns 35 shares of the medical instruments supplier’s stock worth $41,000 after purchasing an additional 17 shares during the period. MV Capital Management Inc. raised its stake in Mettler-Toledo International by 50.0% during the 2nd quarter. MV Capital Management Inc. now owns 36 shares of the medical instruments supplier’s stock valued at $42,000 after buying an additional 12 shares during the last quarter. Zions Bancorporation National Association UT bought a new position in Mettler-Toledo International in the first quarter valued at about $43,000. Finally, Sound Income Strategies LLC boosted its stake in shares of Mettler-Toledo International by 477.8% during the 2nd quarter. Sound Income Strategies LLC now owns 52 shares of the medical instruments supplier’s stock worth $61,000 after acquiring an additional 43 shares during the last quarter. Hedge funds and other institutional investors own 95.07% of the company’s stock.
Mettler-Toledo International Trading Down 0.4%
NYSE MTD opened at $1,398.62 on Friday. The stock has a fifty day simple moving average of $1,343.72 and a 200-day simple moving average of $1,257.36. Mettler-Toledo International, Inc. has a twelve month low of $946.69 and a twelve month high of $1,471.06. The stock has a market cap of $28.57 billion, a PE ratio of 35.42, a P/E/G ratio of 4.19 and a beta of 1.41.
Insider Transactions at Mettler-Toledo International
In other news, CFO Shawn Vadala sold 1,895 shares of Mettler-Toledo International stock in a transaction on Tuesday, November 11th. The shares were sold at an average price of $1,455.52, for a total value of $2,758,210.40. Following the transaction, the chief financial officer directly owned 5,288 shares of the company’s stock, valued at $7,696,789.76. The trade was a 26.38% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider La Guerroniere Marc De sold 6,880 shares of Mettler-Toledo International stock in a transaction on Tuesday, November 11th. The shares were sold at an average price of $1,450.00, for a total transaction of $9,976,000.00. Following the completion of the transaction, the insider owned 187 shares in the company, valued at approximately $271,150. This represents a 97.35% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 11,249 shares of company stock worth $16,338,723. 1.94% of the stock is owned by company insiders.
Wall Street Analyst Weigh In
A number of research analysts have recently weighed in on the company. Citigroup raised their price objective on Mettler-Toledo International from $1,600.00 to $1,700.00 and gave the company a “buy” rating in a research report on Monday, November 10th. 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 report on Thursday, October 9th. Robert W. Baird boosted their price target on Mettler-Toledo International from $1,210.00 to $1,230.00 and gave the company a “neutral” rating in a report on Monday, August 4th. Bank of America upped their target price on Mettler-Toledo International from $1,260.00 to $1,390.00 and gave the stock a “neutral” rating in a report on Monday, September 22nd. Finally, Stifel Nicolaus lifted their price target on shares of Mettler-Toledo International from $1,450.00 to $1,600.00 and gave the stock a “buy” rating in a report on Monday, November 10th. Five analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $1,406.50.
Check Out Our Latest Stock Analysis on MTD
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.
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