Korea Investment CORP decreased its stake in shares of Mettler-Toledo International, Inc. (NYSE:MTD – Free Report) by 16.5% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 13,523 shares of the medical instruments supplier’s stock after selling 2,679 shares during the period. Korea Investment CORP’s holdings in Mettler-Toledo International were worth $16,601,000 at the end of the most recent reporting period.
A number of other large investors also recently bought and sold shares of the stock. Munich Reinsurance Co Stock Corp in Munich acquired a new stake in shares of Mettler-Toledo International during the 3rd quarter worth $128,000. First Trust Advisors LP boosted its holdings in Mettler-Toledo International by 10.5% in the third quarter. First Trust Advisors LP now owns 37,465 shares of the medical instruments supplier’s stock valued at $45,992,000 after acquiring an additional 3,565 shares during the last quarter. Beddow Capital Management Inc. boosted its holdings in Mettler-Toledo International by 10.3% in the third quarter. Beddow Capital Management Inc. now owns 2,347 shares of the medical instruments supplier’s stock valued at $2,881,000 after acquiring an additional 219 shares during the last quarter. Barclays PLC grew its position in Mettler-Toledo International by 3.6% during the third quarter. Barclays PLC now owns 272,696 shares of the medical instruments supplier’s stock valued at $334,764,000 after acquiring an additional 9,568 shares during the period. Finally, Cresset Asset Management LLC grew its position in Mettler-Toledo International by 125.3% during the third quarter. Cresset Asset Management LLC now owns 748 shares of the medical instruments supplier’s stock valued at $918,000 after acquiring an additional 416 shares during the period. Hedge funds and other institutional investors own 95.07% of the company’s stock.
Mettler-Toledo International Stock Performance
Shares of NYSE:MTD opened at $1,230.50 on Wednesday. The business’s 50-day simple moving average is $1,391.20 and its 200 day simple moving average is $1,371.17. The company has a market cap of $25.02 billion, a P/E ratio of 29.21, a PEG ratio of 2.62 and a beta of 1.43. Mettler-Toledo International, Inc. has a one year low of $946.69 and a one year high of $1,525.17.
Analyst Upgrades and Downgrades
A number of equities analysts have recently commented on the company. The Goldman Sachs Group began coverage on Mettler-Toledo International in a report on Tuesday, December 9th. They issued a “neutral” rating and a $1,475.00 price objective on the stock. Wells Fargo & Company increased their target price on shares of 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. Wall Street Zen upgraded shares of Mettler-Toledo International from a “hold” rating to a “buy” rating in a report on Saturday, February 14th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Mettler-Toledo International in a research report on Monday, December 29th. Finally, Bank of America raised shares of Mettler-Toledo International from a “neutral” rating to a “buy” rating and set a $1,600.00 price objective for the company in a research report on Monday, December 15th. Six investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $1,435.42.
View Our Latest Stock Analysis on MTD
Insider Buying and Selling at Mettler-Toledo International
In other news, CFO Shawn Vadala sold 800 shares of the company’s stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $1,410.12, for a total value of $1,128,096.00. Following the completion of the transaction, the chief financial officer directly owned 5,288 shares in the company, valued at approximately $7,456,714.56. This represents a 13.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.77% of the company’s stock.
About Mettler-Toledo International
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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