National Pension Service grew its stake in Mettler-Toledo International Inc. (NYSE:MTD - Free Report) by 8.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 34,039 shares of the medical instruments supplier's stock after purchasing an additional 2,521 shares during the quarter. National Pension Service owned approximately 0.16% of Mettler-Toledo International worth $51,048,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also modified their holdings of MTD. Gateway Investment Advisers LLC acquired a new stake in Mettler-Toledo International during the 2nd quarter worth $685,000. Mediolanum International Funds Ltd purchased a new position in Mettler-Toledo International during the 1st quarter worth approximately $2,169,000. AIA Group Ltd grew its stake in shares of Mettler-Toledo International by 71.4% in the 1st quarter. AIA Group Ltd now owns 1,899 shares of the medical instruments supplier's stock valued at $2,528,000 after purchasing an additional 791 shares during the last quarter. Swedbank AB purchased a new position in shares of Mettler-Toledo International in the 1st quarter valued at about $26,867,000. Finally, SG Americas Securities LLC boosted its stake in shares of Mettler-Toledo International by 501.6% during the 1st quarter. SG Americas Securities LLC now owns 2,954 shares of the medical instruments supplier's stock worth $3,933,000 after acquiring an additional 2,463 shares in the last quarter. Hedge funds and other institutional investors own 95.07% of the company's stock.
Insider Buying and Selling at Mettler-Toledo International
In other news, insider Christian Magloth sold 1,000 shares of the stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $1,422.97, for a total transaction of $1,422,970.00. Following the transaction, the insider now owns 734 shares in the company, valued at $1,044,459.98. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 1.94% of the company's stock.
Mettler-Toledo International Stock Up 0.6 %
Mettler-Toledo International stock traded up $8.19 during mid-day trading on Wednesday, hitting $1,393.98. 133,890 shares of the company's stock traded hands, compared to its average volume of 132,318. Mettler-Toledo International Inc. has a one year low of $953.28 and a one year high of $1,546.93. The firm has a 50 day moving average price of $1,401.48 and a 200 day moving average price of $1,399.41. The company has a market cap of $29.58 billion, a PE ratio of 38.13, a price-to-earnings-growth ratio of 3.92 and a beta of 1.16.
Wall Street Analysts Forecast Growth
Several equities research analysts recently issued reports on MTD shares. StockNews.com raised shares of Mettler-Toledo International from a "hold" rating to a "buy" rating in a research report on Thursday, July 11th. Evercore ISI raised their price objective on Mettler-Toledo International from $1,375.00 to $1,450.00 and gave the company an "in-line" rating in a research note on Tuesday, October 1st. The Goldman Sachs Group boosted their target price on shares of Mettler-Toledo International from $1,150.00 to $1,300.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 9th. Wells Fargo & Company initiated coverage on Mettler-Toledo International in a report on Tuesday, August 27th. They set an "equal weight" rating and a $1,400.00 target price on the stock. Finally, JPMorgan Chase & Co. upped their price target on Mettler-Toledo International from $1,300.00 to $1,400.00 and gave the company a "neutral" rating in a research report on Monday, August 5th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $1,363.75.
Read Our Latest Stock Analysis on Mettler-Toledo International
Mettler-Toledo International Company Profile
(
Free Report)
Mettler-Toledo International Inc manufactures and supplies precision instruments and services in the Americas, Europe, Asia, 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, real-time analytics, 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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