Shell Asset Management Co. cut its stake in Mettler-Toledo International, Inc. (NYSE:MTD – Free Report) by 35.3% during the 3rd quarter, HoldingsChannel reports. The fund owned 847 shares of the medical instruments supplier’s stock after selling 462 shares during the period. Shell Asset Management Co.’s holdings in Mettler-Toledo International were worth $1,040,000 as of its most recent SEC filing.
A number of other large investors have also recently added to or reduced their stakes in the stock. Geneos Wealth Management Inc. raised its stake in shares of Mettler-Toledo International by 83.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 66 shares of the medical instruments supplier’s stock valued at $78,000 after purchasing an additional 30 shares in the last quarter. IFP Advisors Inc grew its stake in Mettler-Toledo International by 542.9% in the second quarter. IFP Advisors Inc now owns 90 shares of the medical instruments supplier’s stock worth $106,000 after purchasing an additional 76 shares in the last quarter. CWM LLC increased its holdings in Mettler-Toledo International by 32.1% in the second quarter. CWM LLC now owns 868 shares of the medical instruments supplier’s stock valued at $1,020,000 after buying an additional 211 shares during the last quarter. MGO One Seven LLC bought a new stake in Mettler-Toledo International in the second quarter valued at about $204,000. Finally, Allianz Asset Management GmbH raised its stake in Mettler-Toledo International by 86.3% during the second quarter. Allianz Asset Management GmbH now owns 4,193 shares of the medical instruments supplier’s stock valued at $4,926,000 after buying an additional 1,942 shares in the last quarter. 95.07% of the stock is currently owned by institutional investors.
Mettler-Toledo International Stock Up 0.3%
Mettler-Toledo International stock opened at $1,362.59 on Tuesday. The firm has a 50-day moving average price of $1,415.63 and a two-hundred day moving average price of $1,365.35. The firm has a market capitalization of $27.70 billion, a price-to-earnings ratio of 32.35, a PEG ratio of 2.86 and a beta of 1.42. Mettler-Toledo International, Inc. has a 52-week low of $946.69 and a 52-week high of $1,525.17.
Wall Street Analyst Weigh In
MTD has been the subject of several research reports. Wells Fargo & Company lifted their target price on Mettler-Toledo International from $1,400.00 to $1,450.00 and gave the stock an “equal weight” rating in a research report on Monday, December 15th. Weiss Ratings restated a “hold (c+)” rating on shares of Mettler-Toledo International in a research note on Monday, December 29th. Morgan Stanley lowered their target price on shares of Mettler-Toledo International from $1,550.00 to $1,475.00 and set an “equal weight” rating for the company in a research note on Tuesday, February 10th. Stifel Nicolaus increased their target price on shares of Mettler-Toledo International from $1,450.00 to $1,600.00 and gave the stock a “buy” rating in a report on Monday, November 10th. Finally, The Goldman Sachs Group assumed coverage on shares of Mettler-Toledo International in a research report on Tuesday, December 9th. They issued a “neutral” rating and a $1,475.00 price target on the stock. Six investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $1,435.42.
Get Our Latest Research Report on Mettler-Toledo International
Insider Buying and Selling at Mettler-Toledo International
In other news, insider Gerry Keller sold 236 shares of the stock in a transaction on Friday, November 21st. The stock was sold at an average price of $1,418.58, for a total value of $334,784.88. Following the completion of the transaction, the insider owned 159 shares of the company’s stock, valued at approximately $225,554.22. This represents a 59.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider La Guerroniere Marc De sold 6,055 shares of the firm’s stock in a transaction on Tuesday, November 25th. The shares were sold at an average price of $1,488.18, for a total value of $9,010,929.90. Following the transaction, the insider directly owned 187 shares in the company, valued at $278,289.66. This trade represents a 97.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 9,116 shares of company stock valued at $13,473,111 in the last quarter. Corporate insiders own 0.77% of the company’s stock.
Mettler-Toledo International Company 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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