National Pension Service raised its holdings in shares of Mettler-Toledo International, Inc. (NYSE:MTD – Free Report) by 7.9% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 39,696 shares of the medical instruments supplier’s stock after acquiring an additional 2,916 shares during the quarter. National Pension Service’s holdings in Mettler-Toledo International were worth $50,712,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC lifted its stake in Mettler-Toledo International by 2.7% in the 4th quarter. EverSource Wealth Advisors LLC now owns 302 shares of the medical instruments supplier’s stock valued at $421,000 after buying an additional 8 shares in the last quarter. Values First Advisors Inc. lifted its position in shares of Mettler-Toledo International by 1.3% in the first quarter. Values First Advisors Inc. now owns 625 shares of the medical instruments supplier’s stock valued at $789,000 after acquiring an additional 8 shares in the last quarter. Torray Investment Partners LLC boosted its stake in shares of Mettler-Toledo International by 0.5% during the first quarter. Torray Investment Partners LLC now owns 1,677 shares of the medical instruments supplier’s stock valued at $2,115,000 after acquiring an additional 8 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its stake in shares of Mettler-Toledo International by 1.0% during the first quarter. Allspring Global Investments Holdings LLC now owns 927 shares of the medical instruments supplier’s stock valued at $1,181,000 after acquiring an additional 9 shares during the last quarter. Finally, IFP Advisors Inc increased its position in Mettler-Toledo International by 4.2% during the 2nd quarter. IFP Advisors Inc now owns 221 shares of the medical instruments supplier’s stock worth $282,000 after purchasing an additional 9 shares in the last quarter. Institutional investors and hedge funds own 95.07% of the company’s stock.
Mettler-Toledo International Stock Performance
Mettler-Toledo International stock opened at $1,293.95 on Friday. The stock has a fifty day moving average price of $1,363.24 and a 200 day moving average price of $1,272.57. Mettler-Toledo International, Inc. has a 52 week low of $1,023.05 and a 52 week high of $1,525.17. The firm has a market capitalization of $25.93 billion, a P/E ratio of 29.12, a PEG ratio of 2.59 and a beta of 1.22. The company has a current ratio of 1.12, a quick ratio of 0.78 and a debt-to-equity ratio of 159.45.
Insider Activity at Mettler-Toledo International
In related news, CEO Patrick Kaltenbach sold 942 shares of the business’s stock in a transaction that occurred on Thursday, August 27th. The shares were sold at an average price of $1,425.00, for a total value of $1,342,350.00. Following the completion of the sale, the chief executive officer directly owned 4,480 shares in the company, valued at approximately $6,384,000. The trade was a 17.37% 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 the SEC website. Also, CFO Shawn Vadala sold 2,240 shares of the stock in a transaction that occurred 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 transaction, the chief financial officer directly owned 5,579 shares in the company, valued at approximately $7,989,128. This represents a 28.65% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 4,254 shares of company stock valued at $6,092,712 in the last ninety days. 0.71% of the stock is owned by company insiders.
Analyst Ratings Changes
MTD has been the subject of several analyst reports. Jefferies Financial Group boosted their target price on shares of Mettler-Toledo International from $1,400.00 to $1,580.00 and gave the company a “buy” rating in a research note on Friday, July 31st. Stifel Nicolaus raised their price target on shares of Mettler-Toledo International from $1,400.00 to $1,600.00 and gave the stock a “buy” rating in a research note on Monday, August 3rd. Morgan Stanley lifted their price target on shares of Mettler-Toledo International from $1,275.00 to $1,450.00 and gave the stock an “equal weight” rating in a report on Tuesday, August 4th. Wolfe Research began coverage on shares of Mettler-Toledo International in a research report on Tuesday, June 2nd. They issued a “peer perform” rating for the company. Finally, Weiss Ratings raised shares of Mettler-Toledo International from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday. Six research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Mettler-Toledo International has an average rating of “Hold” and an average price target of $1,446.36.
Check Out Our Latest Stock Report on Mettler-Toledo International
About Mettler-Toledo International
Mettler-Toledo International Inc develops and manufactures precision instruments and related services for laboratory, industrial and retail applications. Its products include laboratory balances and scales, analytical instruments, pipettes, automated chemistry systems, titration and thermal analysis equipment, and process analytics solutions.
The company also provides industrial weighing and measurement systems, product inspection technologies such as metal detection, checkweighing and vision inspection, and software and services that support manufacturing, quality control and regulatory compliance.
Further Reading
- Five stocks we like better than Mettler-Toledo International
- Rocket Lab Tackles a Supply Chain Bottleneck as the Stock Hunts for a Bottom. Time to Buy?
- Optical Cable Corporation Is Starting to Get the Market’s Attention
- Oil Above $100 Is Creating a New Opportunity Beyond the Major Producers
- Is Nike’s Index Demotion a Warning or a Buying Opportunity?
Want to see what other hedge funds are holding MTD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mettler-Toledo International, Inc. (NYSE:MTD – Free Report).
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.
