North Point Portfolio Managers Corp OH reduced its position in shares of Mettler-Toledo International, Inc. (NYSE:MTD – Free Report) by 3.9% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,052 shares of the medical instruments supplier’s stock after selling 328 shares during the period. Mettler-Toledo International accounts for approximately 2.2% of North Point Portfolio Managers Corp OH’s portfolio, making the stock its 18th largest position. North Point Portfolio Managers Corp OH’s holdings in Mettler-Toledo International were worth $12,166,000 at the end of the most recent quarter.
Several other large investors also recently modified their holdings of MTD. XXEC Inc. bought a new position in Mettler-Toledo International during the 2nd quarter valued at approximately $77,044,000. BlackRock Inc. bought a new stake in shares of Mettler-Toledo International in the 2nd quarter worth approximately $2,404,713,000. Bank of New York Mellon Corp bought a new stake in shares of Mettler-Toledo International in the 2nd quarter worth approximately $762,553,000. Wellington Management Group LLP increased its stake in shares of Mettler-Toledo International by 908.6% during the second quarter. Wellington Management Group LLP now owns 459,064 shares of the medical instruments supplier’s stock valued at $586,459,000 after buying an additional 413,547 shares during the period. Finally, Bank of America Corp DE purchased a new position in shares of Mettler-Toledo International during the second quarter valued at approximately $240,817,000. 95.07% of the stock is owned by institutional investors.
Mettler-Toledo International Stock Down 0.1%
Shares of NYSE:MTD traded down $1.26 during trading on Wednesday, hitting $1,531.81. The stock had a trading volume of 97,761 shares, compared to its average volume of 180,623. The company has a market capitalization of $30.70 billion, a PE ratio of 34.48, a PEG ratio of 3.09 and a beta of 1.19. 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 firm’s fifty day moving average is $1,416.38 and its 200 day moving average is $1,295.27. Mettler-Toledo International, Inc. has a 12 month low of $1,023.05 and a 12 month high of $1,585.72.
Analyst Ratings Changes
MTD has been the subject of a number of recent analyst reports. Stifel Nicolaus upped their target price on Mettler-Toledo International from $1,400.00 to $1,600.00 and gave the company a “buy” rating in a report on Monday, August 3rd. Rothschild & Co Redburn assumed coverage on shares of Mettler-Toledo International in a research report on Wednesday, September 2nd. They set a “sell” rating and a $1,200.00 price objective on the stock. Weiss Ratings upgraded shares of Mettler-Toledo International from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, September 8th. Jefferies Financial Group raised their target price on shares of Mettler-Toledo International from $1,400.00 to $1,580.00 and gave the stock a “buy” rating in a research report on Friday, July 31st. Finally, Morgan Stanley lifted their target price 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. Five analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Mettler-Toledo International presently has an average rating of “Hold” and an average target price of $1,459.54.
Get Our Latest Stock Report on MTD
Insider Buying and Selling at Mettler-Toledo International
In other news, insider Gerry Keller sold 240 shares of the company’s stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $1,427.14, for a total value of $342,513.60. Following the sale, the insider directly owned 259 shares of the company’s stock, valued at $369,629.26. This represents a 48.10% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Patrick Kaltenbach sold 942 shares of the firm’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 transaction of $1,342,350.00. Following the transaction, the chief executive officer directly owned 4,480 shares of the company’s stock, valued at $6,384,000. This represents a 17.37% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 4,254 shares of company stock worth $6,092,712. Corporate insiders own 0.71% of the company’s stock.
Mettler-Toledo International Profile
Mettler-Toledo International Inc is a global manufacturer of precision instruments and related services used in laboratory, industrial, food processing, pharmaceutical and retail applications. The company’s solutions help customers measure, analyze, inspect and control materials and products throughout research, manufacturing and distribution processes.
Its product portfolio includes laboratory balances and scales, analytical instruments, automated chemistry systems, titrators, density and refractometry equipment, process analytics, industrial weighing systems, product inspection technologies and retail weighing and labeling solutions.
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