Illinois Municipal Retirement Fund lifted its position in shares of Mettler-Toledo International, Inc. (NYSE:MTD – Free Report) by 21.6% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 7,854 shares of the medical instruments supplier’s stock after acquiring an additional 1,393 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Mettler-Toledo International were worth $9,642,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Versant Capital Management Inc boosted its position in Mettler-Toledo International by 42.1% during the third quarter. Versant Capital Management Inc now owns 27 shares of the medical instruments supplier’s stock worth $33,000 after purchasing an additional 8 shares during the period. SJS Investment Consulting Inc. lifted its stake in shares of Mettler-Toledo International by 2,700.0% during the 3rd quarter. SJS Investment Consulting Inc. now owns 28 shares of the medical instruments supplier’s stock valued at $34,000 after buying an additional 27 shares in the last quarter. Salomon & Ludwin LLC bought a new position in Mettler-Toledo International in the 3rd quarter worth approximately $43,000. Root Financial Partners LLC bought a new position in Mettler-Toledo International in the 3rd quarter worth approximately $42,000. Finally, NewSquare Capital LLC grew its stake in Mettler-Toledo International by 94.4% in the 2nd quarter. NewSquare Capital LLC now owns 35 shares of the medical instruments supplier’s stock valued at $41,000 after buying an additional 17 shares in the last quarter. 95.07% of the stock is currently owned by institutional investors.
Mettler-Toledo International Price Performance
Shares of Mettler-Toledo International stock opened at $1,356.67 on Friday. Mettler-Toledo International, Inc. has a 1 year low of $946.69 and a 1 year high of $1,525.17. The firm has a market cap of $27.58 billion, a PE ratio of 32.21, a PEG ratio of 2.92 and a beta of 1.42. The company has a 50 day simple moving average of $1,417.04 and a two-hundred day simple moving average of $1,362.37.
Insider Activity
In related news, CFO Shawn Vadala sold 1,025 shares of the business’s stock in a transaction that occurred on Monday, November 24th. The stock was sold at an average price of $1,452.00, for a total value of $1,488,300.00. Following the completion of the sale, the chief financial officer owned 5,288 shares in the company, valued at $7,678,176. The trade was a 16.24% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Gerry Keller sold 236 shares of the company’s stock in a transaction that occurred 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 sale, the insider directly owned 159 shares of the company’s stock, valued at approximately $225,554.22. This represents a 59.75% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 9,116 shares of company stock worth $13,473,111. 1.94% of the stock is currently owned by insiders.
Wall Street Analysts Forecast Growth
MTD has been the subject of a number of analyst reports. Barclays cut their price target on Mettler-Toledo International from $1,600.00 to $1,550.00 and set an “overweight” rating for the company in a report on Monday, December 15th. Stifel Nicolaus raised their target price on Mettler-Toledo International from $1,450.00 to $1,600.00 and gave the stock a “buy” rating in a research note on Monday, November 10th. The Goldman Sachs Group assumed coverage on Mettler-Toledo International in a research report on Tuesday, December 9th. They set a “neutral” rating and a $1,475.00 price target on the stock. Weiss Ratings restated a “hold (c+)” rating on shares of Mettler-Toledo International in a research report on Monday, December 29th. Finally, Wells Fargo & Company upped 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 report on Monday, December 15th. Six research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $1,435.42.
View Our Latest Stock 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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