Burney Co. trimmed its position in Mettler-Toledo International Inc. (NYSE:MTD – Free Report) by 4.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,837 shares of the medical instruments supplier’s stock after selling 192 shares during the quarter. Burney Co.’s holdings in Mettler-Toledo International were worth $4,695,000 at the end of the most recent quarter.
Other large investors also recently modified their holdings of the company. International Assets Investment Management LLC raised its holdings in shares of Mettler-Toledo International by 149,870.0% during the 3rd quarter. International Assets Investment Management LLC now owns 89,982 shares of the medical instruments supplier’s stock valued at $134,946,000 after buying an additional 89,922 shares during the period. Massachusetts Financial Services Co. MA raised its holdings in shares of Mettler-Toledo International by 32.5% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 142,944 shares of the medical instruments supplier’s stock valued at $199,777,000 after buying an additional 35,048 shares during the period. Retirement Systems of Alabama raised its holdings in shares of Mettler-Toledo International by 610.4% during the 3rd quarter. Retirement Systems of Alabama now owns 33,462 shares of the medical instruments supplier’s stock valued at $50,183,000 after buying an additional 28,752 shares during the period. JPMorgan Chase & Co. raised its holdings in shares of Mettler-Toledo International by 14.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 221,799 shares of the medical instruments supplier’s stock valued at $332,634,000 after buying an additional 28,478 shares during the period. Finally, Wellington Management Group LLP raised its holdings in shares of Mettler-Toledo International by 17.5% during the 3rd quarter. Wellington Management Group LLP now owns 177,963 shares of the medical instruments supplier’s stock valued at $266,891,000 after buying an additional 26,443 shares during the period. 95.07% of the stock is currently owned by hedge funds and other institutional investors.
Mettler-Toledo International Trading Up 0.6 %
Shares of MTD opened at $1,278.98 on Thursday. The firm has a market cap of $26.99 billion, a price-to-earnings ratio of 34.48, a PEG ratio of 4.21 and a beta of 1.12. The stock has a 50 day moving average of $1,246.46 and a 200-day moving average of $1,345.43. Mettler-Toledo International Inc. has a 52 week low of $1,133.46 and a 52 week high of $1,546.93.
Analysts Set New Price Targets
Several brokerages recently commented on MTD. Citigroup upgraded Mettler-Toledo International from a “sell” rating to a “neutral” rating and raised their target price for the company from $1,200.00 to $1,300.00 in a report on Wednesday, December 11th. Wells Fargo & Company lowered their price objective on Mettler-Toledo International from $1,400.00 to $1,350.00 and set an “equal weight” rating for the company in a research note on Monday, November 11th. Robert W. Baird lowered their price objective on Mettler-Toledo International from $1,375.00 to $1,310.00 and set a “neutral” rating for the company in a research note on Monday, November 11th. Stifel Nicolaus lowered their price objective on Mettler-Toledo International from $1,550.00 to $1,450.00 and set a “buy” rating for the company in a research note on Monday, November 11th. Finally, Evercore ISI upgraded Mettler-Toledo International from an “in-line” rating to an “outperform” rating and raised their price objective for the company from $1,375.00 to $1,450.00 in a research note on Thursday, January 2nd. One analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Mettler-Toledo International has a consensus rating of “Hold” and an average target price of $1,351.25.
Get Our Latest Stock Analysis on MTD
Insider Activity at Mettler-Toledo International
In related news, insider Gerry Keller sold 140 shares of the business’s stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $1,254.09, for a total transaction of $175,572.60. Following the completion of the transaction, the insider now owns 6 shares in the company, valued at $7,524.54. The trade was a 95.89 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Elisha W. Finney sold 76 shares of the stock in a transaction on Monday, November 11th. The stock was sold at an average price of $1,311.75, for a total value of $99,693.00. Following the completion of the transaction, the director now directly owns 240 shares of the company’s stock, valued at approximately $314,820. The trade was a 24.05 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.94% of the company’s stock.
Mettler-Toledo International Company 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.
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