Commerce Bank purchased a new stake in shares of Mettler-Toledo International, Inc. (NYSE:MTD – Free Report) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 1,353 shares of the medical instruments supplier’s stock, valued at approximately $1,728,000.
Other institutional investors also recently modified their holdings of the company. XXEC Inc. purchased a new stake in Mettler-Toledo International in the second quarter worth approximately $77,044,000. BlackRock Inc. bought a new position in shares of Mettler-Toledo International during the 2nd quarter valued at $2,404,713,000. Bank of New York Mellon Corp purchased a new position in shares of Mettler-Toledo International in the 2nd quarter worth $762,553,000. Norges Bank purchased a new position in shares of Mettler-Toledo International in the 4th quarter worth $520,989,000. Finally, Deutsche Bank AG bought a new stake in shares of Mettler-Toledo International in the second quarter worth $168,042,000. 95.07% of the stock is owned by hedge funds and other institutional investors.
Mettler-Toledo International Price Performance
NYSE MTD opened at $1,402.64 on Wednesday. The business’s fifty day moving average is $1,329.55 and its 200 day moving average is $1,273.83. Mettler-Toledo International, Inc. has a fifty-two week low of $1,023.05 and a fifty-two week high of $1,525.17. The company has a debt-to-equity ratio of 159.45, a quick ratio of 0.78 and a current ratio of 1.12. The company has a market capitalization of $28.11 billion, a PE ratio of 31.57, a price-to-earnings-growth ratio of 2.88 and a beta of 1.23.
Analysts Set New Price Targets
A number of research analysts have weighed in on the company. Wall Street Zen downgraded Mettler-Toledo International from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. JPMorgan Chase & Co. cut their price target on Mettler-Toledo International from $1,413.00 to $1,200.00 and set a “neutral” rating for the company in a research note on Monday, May 11th. Wells Fargo & Company upped their price target on shares of Mettler-Toledo International from $1,225.00 to $1,450.00 and gave the company an “equal weight” rating in a research report on Monday, August 3rd. Jefferies Financial Group increased their price objective on shares of Mettler-Toledo International from $1,400.00 to $1,580.00 and gave the stock a “buy” rating in a research note on Friday, July 31st. Finally, Stifel Nicolaus boosted their target price on shares of Mettler-Toledo International from $1,400.00 to $1,600.00 and gave the company a “buy” rating in a research report on Monday, August 3rd. Six investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $1,461.27.
Check Out Our Latest Report on Mettler-Toledo International
Insider Buying and Selling at Mettler-Toledo International
In other Mettler-Toledo International news, Director Thomas P. Salice sold 417 shares of Mettler-Toledo International stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $1,440.41, for a total transaction of $600,650.97. Following the transaction, the director owned 292 shares of the company’s stock, valued at $420,599.72. The trade was a 58.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Shawn Vadala sold 2,240 shares of the stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $1,432.00, for a total transaction of $3,207,680.00. Following the completion of the sale, the chief financial officer directly owned 5,579 shares of the company’s stock, valued at approximately $7,989,128. This trade represents a 28.65% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 3,312 shares of company stock valued at $4,750,362 over the last 90 days. 0.71% of the stock is currently owned by corporate insiders.
About Mettler-Toledo International
Mettler-Toledo International Inc is a global manufacturer and distributor of precision instruments and services for laboratory, industrial and food retail applications. The company’s product portfolio includes laboratory balances and analytical instruments, industrial weighing systems, process analytics and sensors, metal detection and x-ray inspection equipment, checkweighers, and a range of automated inspection and data-management solutions. Mettler-Toledo also provides software, calibration and lifecycle services intended to support compliance, quality control and operational efficiency across customer facilities.
The company serves a broad set of end markets including pharmaceutical and biotech laboratories, chemical and food processors, logistics and manufacturing operations, and retail environments where accurate weighing and inspection are critical.
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