Osmosis Investment Management UK Ltd acquired a new position in Mettler-Toledo International, Inc. (NYSE:MTD – Free Report) in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 418 shares of the medical instruments supplier’s stock, valued at approximately $534,000.
Other hedge funds have also recently added to or reduced their stakes in the company. XXEC Inc. bought a new position in shares of Mettler-Toledo International in the second quarter worth $77,044,000. BlackRock Inc. bought a new stake in shares of Mettler-Toledo International during the second quarter valued at about $2,404,713,000. Capital International Investors raised its stake in shares of Mettler-Toledo International by 12.7% during the fourth quarter. Capital International Investors now owns 969,067 shares of the medical instruments supplier’s stock valued at $1,351,064,000 after purchasing an additional 109,508 shares in the last quarter. T. Rowe Price Investment Management Inc. lifted its holdings in Mettler-Toledo International by 0.5% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 691,565 shares of the medical instruments supplier’s stock worth $964,174,000 after purchasing an additional 3,157 shares during the period. Finally, Geode Capital Management LLC grew its position in Mettler-Toledo International by 2.4% in the 4th quarter. Geode Capital Management LLC now owns 597,448 shares of the medical instruments supplier’s stock valued at $830,879,000 after buying an additional 14,106 shares in the last quarter. Institutional investors own 95.07% of the company’s stock.
Mettler-Toledo International Price Performance
NYSE:MTD opened at $1,402.64 on Wednesday. The company has a quick ratio of 0.78, a current ratio of 1.12 and a debt-to-equity ratio of 159.45. The business’s 50-day moving average price is $1,329.55 and its 200 day moving average price is $1,273.83. 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 cap of $28.11 billion, a P/E ratio of 31.57, a PEG ratio of 2.88 and a beta of 1.23.
Wall Street Analysts Forecast Growth
Several equities analysts have commented on the stock. Wells Fargo & Company raised their target price 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 note on Monday, August 3rd. JPMorgan Chase & Co. decreased their price objective on shares of Mettler-Toledo International from $1,413.00 to $1,200.00 and set a “neutral” rating for the company in a report on Monday, May 11th. Morgan Stanley raised their price objective on shares of Mettler-Toledo International from $1,275.00 to $1,450.00 and gave the company an “equal weight” rating in a research note on Tuesday, August 4th. Stifel Nicolaus boosted their target price on Mettler-Toledo International from $1,400.00 to $1,600.00 and gave the stock a “buy” rating in a report on Monday, August 3rd. Finally, Wolfe Research began coverage on Mettler-Toledo International in a research report on Tuesday, June 2nd. They issued a “peer perform” rating for the company. Six equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $1,461.27.
Get Our Latest Stock Analysis on Mettler-Toledo International
Insider Activity at Mettler-Toledo International
In related news, Director Thomas P. Salice sold 417 shares of the 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 completion of the sale, the director directly owned 292 shares of the company’s stock, valued at $420,599.72. This represents a 58.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Gerry Keller sold 240 shares of the firm’s stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $1,427.14, for a total transaction of $342,513.60. Following the sale, the insider owned 259 shares of the company’s stock, valued at $369,629.26. The trade was a 48.10% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 3,312 shares of company stock valued at $4,750,362 over the last ninety days. Insiders own 0.71% of the company’s stock.
Mettler-Toledo International Profile
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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