Nissay Asset Management Corp Japan boosted its position in Mettler-Toledo International, Inc. (NYSE:MTD – Free Report) by 7.0% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,727 shares of the medical instruments supplier’s stock after buying an additional 1,554 shares during the period. Nissay Asset Management Corp Japan owned approximately 0.12% of Mettler-Toledo International worth $30,311,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in MTD. Aware Super Pty Ltd as trustee of Aware Super bought a new position in shares of Mettler-Toledo International during the 1st quarter worth $26,372,000. Strs Ohio raised its stake in Mettler-Toledo International by 2,594.8% in the 4th quarter. Strs Ohio now owns 13,393 shares of the medical instruments supplier’s stock valued at $18,672,000 after acquiring an additional 12,896 shares during the period. Crossmark Global Holdings Inc. raised its stake in Mettler-Toledo International by 34.3% in the 4th quarter. Crossmark Global Holdings Inc. now owns 4,150 shares of the medical instruments supplier’s stock valued at $5,786,000 after acquiring an additional 1,060 shares during the period. SEB Asset Management AB purchased a new stake in Mettler-Toledo International during the first quarter valued at about $15,889,000. Finally, Fifth Third Bancorp lifted its holdings in Mettler-Toledo International by 377.3% during the first quarter. Fifth Third Bancorp now owns 4,181 shares of the medical instruments supplier’s stock valued at $5,272,000 after purchasing an additional 3,305 shares during the last quarter. Institutional investors and hedge funds own 95.07% of the company’s stock.
Mettler-Toledo International Trading Down 0.7%
Shares of MTD stock opened at $1,397.03 on Friday. The company has a market capitalization of $28.00 billion, a PE ratio of 31.44, a price-to-earnings-growth ratio of 2.89 and a beta of 1.23. Mettler-Toledo International, Inc. has a 52-week low of $1,023.05 and a 52-week high of $1,525.17. The business’s fifty day moving average is $1,345.25 and its 200 day moving average is $1,275.03. The company has a debt-to-equity ratio of 159.45, a quick ratio of 0.78 and a current ratio of 1.12.
Wall Street Analyst Weigh In
Several analysts have recently issued reports on MTD shares. Wall Street Zen lowered shares of Mettler-Toledo International from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. JPMorgan Chase & Co. reduced 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 research note on Monday, May 11th. Citigroup lowered their target price on shares of Mettler-Toledo International from $1,700.00 to $1,550.00 and set a “buy” rating on the stock in a report on Friday, May 8th. Stifel Nicolaus increased their target price on Mettler-Toledo International from $1,400.00 to $1,600.00 and gave the stock a “buy” rating in a research report on Monday, August 3rd. Finally, Wolfe Research started coverage on Mettler-Toledo International in a report on Tuesday, June 2nd. They issued a “peer perform” rating for the company. Six research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $1,461.27.
Insider Activity
In other news, CFO Shawn Vadala sold 2,240 shares of the business’s stock in a transaction dated 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 transaction, the chief financial officer owned 5,579 shares of the company’s stock, valued at approximately $7,989,128. The trade was a 28.65% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Gerry Keller sold 240 shares of the company’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 completion of the transaction, the insider owned 259 shares in the company, valued at approximately $369,629.26. This trade represents a 48.10% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 3,312 shares of company stock worth $4,750,362. 0.71% of the stock is currently owned by insiders.
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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