PDS Planning Inc Invests $211,000 in Mettler-Toledo International Inc. (NYSE:MTD)

PDS Planning Inc bought a new stake in Mettler-Toledo International Inc. (NYSE:MTD) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 141 shares of the medical instruments supplier’s stock, valued at approximately $211,000.

A number of other institutional investors have also bought and sold shares of MTD. Family Firm Inc. acquired a new position in shares of Mettler-Toledo International in the 2nd quarter valued at about $25,000. Blue Trust Inc. increased its holdings in Mettler-Toledo International by 242.9% in the third quarter. Blue Trust Inc. now owns 24 shares of the medical instruments supplier’s stock worth $34,000 after purchasing an additional 17 shares in the last quarter. Rothschild Investment LLC acquired a new position in Mettler-Toledo International in the second quarter valued at approximately $42,000. Itau Unibanco Holding S.A. bought a new position in shares of Mettler-Toledo International during the 2nd quarter worth approximately $42,000. Finally, Crewe Advisors LLC increased its stake in shares of Mettler-Toledo International by 244.4% in the 2nd quarter. Crewe Advisors LLC now owns 31 shares of the medical instruments supplier’s stock valued at $43,000 after acquiring an additional 22 shares in the last quarter. Institutional investors own 95.07% of the company’s stock.

Mettler-Toledo International Trading Up 1.6 %

Shares of Mettler-Toledo International stock opened at $1,385.79 on Wednesday. The company has a market capitalization of $29.41 billion, a P/E ratio of 38.13, a price-to-earnings-growth ratio of 3.92 and a beta of 1.16. The stock has a fifty day simple moving average of $1,401.48 and a 200 day simple moving average of $1,399.41. Mettler-Toledo International Inc. has a 12-month low of $953.28 and a 12-month high of $1,546.93.

Insiders Place Their Bets

In related news, insider Christian Magloth sold 1,000 shares of the firm’s stock in a transaction dated 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 directly owns 734 shares of the company’s stock, valued at $1,044,459.98. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 1.94% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on MTD. Evercore ISI increased their target price on shares of Mettler-Toledo International from $1,375.00 to $1,450.00 and gave the stock an “in-line” rating in a research note on Tuesday, October 1st. JPMorgan Chase & Co. raised their target price on Mettler-Toledo International from $1,300.00 to $1,400.00 and gave the company a “neutral” rating in a research note on Monday, August 5th. Wells Fargo & Company assumed coverage on Mettler-Toledo International in a research note on Tuesday, August 27th. They set an “equal weight” rating and a $1,400.00 price target on the stock. The Goldman Sachs Group raised their price objective on Mettler-Toledo International from $1,150.00 to $1,300.00 and gave the company a “neutral” rating in a research note on Tuesday, July 9th. Finally, StockNews.com raised Mettler-Toledo International from a “hold” rating to a “buy” rating in a research report on Thursday, July 11th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $1,363.75.

Mettler-Toledo International Profile

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.