L. Roy Papp & Associates LLP raised its holdings in shares of Mettler-Toledo International, Inc. (NYSE:MTD – Free Report) by 5.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,749 shares of the medical instruments supplier’s stock after purchasing an additional 507 shares during the period. Mettler-Toledo International accounts for about 1.5% of L. Roy Papp & Associates LLP’s holdings, making the stock its 18th largest holding. L. Roy Papp & Associates LLP owned about 0.05% of Mettler-Toledo International worth $13,196,000 at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in MTD. Voya Investment Management LLC lifted its stake in Mettler-Toledo International by 15.4% in the third quarter. Voya Investment Management LLC now owns 81,086 shares of the medical instruments supplier’s stock worth $99,545,000 after acquiring an additional 10,841 shares during the period. Wedmont Private Capital bought a new position in Mettler-Toledo International in the 3rd quarter worth $206,000. Czech National Bank lifted its position in shares of Mettler-Toledo International by 3.0% in the 3rd quarter. Czech National Bank now owns 5,232 shares of the medical instruments supplier’s stock worth $6,423,000 after purchasing an additional 152 shares during the period. Assenagon Asset Management S.A. increased its position in shares of Mettler-Toledo International by 13.7% during the third quarter. Assenagon Asset Management S.A. now owns 19,935 shares of the medical instruments supplier’s stock valued at $24,472,000 after buying an additional 2,408 shares during the period. Finally, Union Bancaire Privee UBP SA raised its stake in Mettler-Toledo International by 17.7% in the third quarter. Union Bancaire Privee UBP SA now owns 332 shares of the medical instruments supplier’s stock worth $400,000 after buying an additional 50 shares in the last quarter. 95.07% of the stock is currently owned by institutional investors.
Mettler-Toledo International Stock Performance
Shares of Mettler-Toledo International stock opened at $1,402.28 on Friday. The company has a 50-day simple moving average of $1,410.43 and a two-hundred day simple moving average of $1,300.33. The stock has a market capitalization of $28.65 billion, a PE ratio of 34.97, a price-to-earnings-growth ratio of 4.49 and a beta of 1.40. Mettler-Toledo International, Inc. has a 52-week low of $946.69 and a 52-week high of $1,525.17.
Insiders Place Their Bets
In related news, Director Elisha W. Finney sold 474 shares of Mettler-Toledo International stock in a transaction dated Monday, November 10th. The stock was sold at an average price of $1,433.57, for a total value of $679,512.18. Following the completion of the sale, the director directly owned 311 shares in the company, valued at approximately $445,840.27. This trade represents a 60.38% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Gerry Keller sold 236 shares of the business’s stock in a transaction dated 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 directly owned 159 shares of the company’s stock, valued at approximately $225,554.22. This trade represents a 59.75% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 19,565 shares of company stock worth $28,683,737. 1.94% of the stock is owned by corporate insiders.
Wall Street Analysts Forecast Growth
A number of research analysts have recently commented on the company. Barclays lowered their target price on Mettler-Toledo International from $1,600.00 to $1,550.00 and set an “overweight” rating for the company in a research note on Monday, December 15th. Evercore ISI increased their price target 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 reissued a “hold (c+)” rating on shares of Mettler-Toledo International in a research report on Monday. Stifel Nicolaus raised their target price on shares of Mettler-Toledo International from $1,450.00 to $1,600.00 and gave the company a “buy” rating in a research note on Monday, November 10th. Finally, Wells Fargo & Company boosted their price target 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. Six research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $1,441.67.
Get Our Latest Analysis on Mettler-Toledo International
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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