Crossmark Global Holdings Inc. trimmed its position in Mettler-Toledo International, Inc. (NYSE:MTD – Free Report) by 13.9% in the 3rd quarter, HoldingsChannel reports. The firm owned 3,090 shares of the medical instruments supplier’s stock after selling 497 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Mettler-Toledo International were worth $3,793,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of Mettler-Toledo International by 1.3% during the 3rd quarter. Vanguard Group Inc. now owns 2,591,173 shares of the medical instruments supplier’s stock valued at $3,180,950,000 after buying an additional 34,466 shares during the last quarter. Alliancebernstein L.P. boosted its stake in shares of Mettler-Toledo International by 1.1% in the second quarter. Alliancebernstein L.P. now owns 717,449 shares of the medical instruments supplier’s stock worth $842,802,000 after buying an additional 8,121 shares during the last quarter. Geode Capital Management LLC grew its holdings in Mettler-Toledo International by 0.6% during the second quarter. Geode Capital Management LLC now owns 581,847 shares of the medical instruments supplier’s stock worth $681,489,000 after acquiring an additional 3,383 shares during the period. Fiera Capital Corp grew its holdings in Mettler-Toledo International by 19.0% during the second quarter. Fiera Capital Corp now owns 342,837 shares of the medical instruments supplier’s stock worth $402,737,000 after acquiring an additional 54,740 shares during the period. Finally, Norges Bank purchased a new position in Mettler-Toledo International during the second quarter valued at approximately $360,126,000. Institutional investors and hedge funds own 95.07% of the company’s stock.
Mettler-Toledo International Stock Performance
Shares of MTD opened at $1,211.65 on Friday. The stock has a 50 day moving average price of $1,398.26 and a 200 day moving average price of $1,371.58. Mettler-Toledo International, Inc. has a one year low of $946.69 and a one year high of $1,525.17. The stock has a market capitalization of $24.63 billion, a price-to-earnings ratio of 28.77, a PEG ratio of 2.54 and a beta of 1.43.
Analyst Ratings Changes
Several equities research analysts have commented on the company. Citigroup upped their price objective on Mettler-Toledo International from $1,600.00 to $1,700.00 and gave the stock a “buy” rating in a research report on Monday, November 10th. Stifel Nicolaus boosted their target price on shares of Mettler-Toledo International from $1,450.00 to $1,600.00 and gave the company a “buy” rating in a research note on Monday, November 10th. Wall Street Zen raised shares of Mettler-Toledo International from a “hold” rating to a “buy” rating in a report on Saturday, February 14th. Morgan Stanley dropped their price target on shares of Mettler-Toledo International from $1,550.00 to $1,475.00 and set an “equal weight” rating on the stock in a research report on Tuesday, February 10th. Finally, The Goldman Sachs Group started coverage on shares of Mettler-Toledo International in a report on Tuesday, December 9th. They issued a “neutral” rating and a $1,475.00 price objective for the company. Six equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Mettler-Toledo International has an average rating of “Hold” and an average target price of $1,435.42.
Read Our Latest Analysis on MTD
Insider Activity at Mettler-Toledo International
In related news, CFO Shawn Vadala sold 800 shares of Mettler-Toledo International stock in a transaction that occurred on Tuesday, February 10th. The stock was sold at an average price of $1,410.12, for a total transaction of $1,128,096.00. Following the transaction, the chief financial officer owned 5,288 shares in the company, valued at approximately $7,456,714.56. This trade represents a 13.14% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 1.94% of the company’s stock.
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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