Acadian Asset Management LLC increased its stake in shares of Mettler-Toledo International, Inc. (NYSE:MTD – Free Report) by 12.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,823 shares of the medical instruments supplier’s stock after acquiring an additional 310 shares during the quarter. Acadian Asset Management LLC’s holdings in Mettler-Toledo International were worth $3,312,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of the stock. WPG Advisers LLC acquired a new stake in shares of Mettler-Toledo International during the first quarter worth about $41,000. NewSquare Capital LLC increased its position in Mettler-Toledo International by 94.4% during the second quarter. NewSquare Capital LLC now owns 35 shares of the medical instruments supplier’s stock worth $41,000 after buying an additional 17 shares during the period. Zions Bancorporation National Association UT acquired a new position in Mettler-Toledo International during the first quarter worth approximately $43,000. Sound Income Strategies LLC lifted its stake in Mettler-Toledo International by 477.8% in the second quarter. Sound Income Strategies LLC now owns 52 shares of the medical instruments supplier’s stock valued at $61,000 after buying an additional 43 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd purchased a new stake in Mettler-Toledo International in the second quarter valued at approximately $63,000. Institutional investors and hedge funds own 95.07% of the company’s stock.
Mettler-Toledo International Stock Performance
Mettler-Toledo International stock opened at $1,404.27 on Friday. The company has a market cap of $28.69 billion, a P/E ratio of 35.56, a price-to-earnings-growth ratio of 4.19 and a beta of 1.41. Mettler-Toledo International, Inc. has a one year low of $946.69 and a one year high of $1,471.06. The business has a fifty day moving average of $1,334.60 and a two-hundred day moving average of $1,248.36.
Wall Street Analyst Weigh In
MTD has been the topic of a number of recent research reports. Barclays lifted their target price on shares of Mettler-Toledo International from $1,350.00 to $1,600.00 and gave the company an “overweight” rating in a report on Monday, November 10th. JPMorgan Chase & Co. lifted their price objective on shares of Mettler-Toledo International from $1,200.00 to $1,285.00 and gave the company a “neutral” rating in a research note on Thursday, October 9th. Evercore ISI increased their target price on shares of Mettler-Toledo International from $1,275.00 to $1,400.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 7th. Weiss Ratings restated a “hold (c)” rating on shares of Mettler-Toledo International in a research report on Wednesday, October 8th. Finally, Wells Fargo & Company upped their price objective on Mettler-Toledo International from $1,200.00 to $1,400.00 and gave the company an “equal weight” rating in a research note on Monday, November 10th. Five equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, Mettler-Toledo International presently has a consensus rating of “Hold” and a consensus price target of $1,406.50.
View Our Latest Research Report on Mettler-Toledo International
Insider Activity at Mettler-Toledo International
In related news, CEO Patrick Kaltenbach sold 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 12th. The stock was sold at an average price of $1,462.50, for a total value of $2,925,000.00. Following the sale, the chief executive officer owned 3,670 shares in the company, valued at $5,367,375. This represents a 35.27% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider La Guerroniere Marc De sold 6,880 shares of Mettler-Toledo International stock in a transaction on Tuesday, November 11th. The stock was sold at an average price of $1,450.00, for a total value of $9,976,000.00. Following the transaction, the insider directly owned 187 shares of the company’s stock, valued at approximately $271,150. This represents a 97.35% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 11,549 shares of company stock valued at $16,736,223. 1.94% of the stock is currently owned by corporate insiders.
About Mettler-Toledo International
Mettler-Toledo International Inc manufactures and supplies precision instruments and services in the Americas, Europe, Asia, and internationally. It operates through five segments: U.S. Operations, Swiss Operations, Western European Operations, Chinese Operations, and Other. The company’s laboratory instruments include laboratory balances, liquid pipetting solutions, automated laboratory reactors, real-time analytics, titrators, pH meters, process analytics sensors and analyzer technologies, physical value analyzers, density and refractometry, thermal analysis systems, and other analytical instruments; and LabX, a laboratory software platform to manage and analyze data generated from its instruments.
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