Metis Global Partners LLC increased its holdings in Mettler-Toledo International Inc. (NYSE:MTD – Free Report) by 8.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,632 shares of the medical instruments supplier’s stock after acquiring an additional 128 shares during the period. Metis Global Partners LLC’s holdings in Mettler-Toledo International were worth $1,808,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Gladius Capital Management LP purchased a new stake in Mettler-Toledo International in the 3rd quarter valued at about $27,000. Ancora Advisors LLC increased its stake in Mettler-Toledo International by 100.0% in the 1st quarter. Ancora Advisors LLC now owns 20 shares of the medical instruments supplier’s stock valued at $31,000 after buying an additional 10 shares during the last quarter. VitalStone Financial LLC purchased a new stake in Mettler-Toledo International in the 1st quarter valued at about $37,000. EverSource Wealth Advisors LLC grew its position in shares of Mettler-Toledo International by 37.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 33 shares of the medical instruments supplier’s stock valued at $43,000 after acquiring an additional 9 shares during the period. Finally, Huntington National Bank grew its position in shares of Mettler-Toledo International by 34.6% during the 2nd quarter. Huntington National Bank now owns 35 shares of the medical instruments supplier’s stock valued at $46,000 after acquiring an additional 9 shares during the period. Institutional investors and hedge funds own 93.11% of the company’s stock.
Mettler-Toledo International Trading Up 0.8 %
Shares of MTD stock opened at $1,236.88 on Wednesday. Mettler-Toledo International Inc. has a 12 month low of $928.49 and a 12 month high of $1,615.97. The stock has a market cap of $26.82 billion, a P/E ratio of 31.53, a P/E/G ratio of 6.18 and a beta of 1.17. The company has a 50 day simple moving average of $1,164.53 and a two-hundred day simple moving average of $1,149.66.
Insider Transactions at Mettler-Toledo International
In other news, Director Roland D. Diggelmann bought 315 shares of the stock in a transaction dated Monday, November 13th. The stock was purchased at an average price of $1,026.54 per share, for a total transaction of $323,360.10. Following the acquisition, the director now owns 405 shares of the company’s stock, valued at $415,748.70. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 2.40% of the company’s stock.
Analyst Upgrades and Downgrades
Several research analysts recently commented on MTD shares. Wells Fargo & Company cut their price objective on shares of Mettler-Toledo International from $1,520.00 to $1,300.00 and set an “overweight” rating for the company in a report on Monday, November 13th. Stifel Nicolaus cut their price objective on shares of Mettler-Toledo International from $1,425.00 to $1,270.00 and set a “buy” rating for the company in a report on Monday, November 13th. StockNews.com downgraded shares of Mettler-Toledo International from a “buy” rating to a “hold” rating in a report on Saturday, January 13th. JPMorgan Chase & Co. cut their price objective on shares of Mettler-Toledo International from $1,300.00 to $1,100.00 and set a “neutral” rating for the company in a report on Tuesday, October 17th. Finally, The Goldman Sachs Group cut their price objective on shares of Mettler-Toledo International from $1,185.00 to $1,030.00 and set a “neutral” rating for the company in a report on Monday, November 13th. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $1,223.71.
Mettler-Toledo International Profile
Mettler-Toledo International Inc manufactures and supplies precision instruments and services in the United States 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, 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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