Jefferies Financial Group Inc. trimmed its stake in shares of Mettler-Toledo International, Inc. (NYSE:MTD – Free Report) by 79.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,934 shares of the medical instruments supplier’s stock after selling 7,665 shares during the quarter. Jefferies Financial Group Inc.’s holdings in Mettler-Toledo International were worth $2,374,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Principal Financial Group Inc. raised its position in Mettler-Toledo International by 2.9% during the 3rd quarter. Principal Financial Group Inc. now owns 298,429 shares of the medical instruments supplier’s stock valued at $366,354,000 after purchasing an additional 8,360 shares during the last quarter. Corient Private Wealth LLC grew its position in shares of Mettler-Toledo International by 91.8% in the 2nd quarter. Corient Private Wealth LLC now owns 140,267 shares of the medical instruments supplier’s stock worth $164,775,000 after buying an additional 67,149 shares during the last quarter. Campbell & CO Investment Adviser LLC bought a new stake in shares of Mettler-Toledo International in the 3rd quarter worth approximately $2,210,000. Stance Capital LLC purchased a new position in shares of Mettler-Toledo International during the second quarter valued at approximately $2,012,000. Finally, Rakuten Investment Management Inc. purchased a new position in shares of Mettler-Toledo International during the third quarter valued at approximately $121,021,000. Institutional investors own 95.07% of the company’s stock.
Mettler-Toledo International Stock Down 1.5%
Shares of MTD opened at $1,230.50 on Wednesday. The stock has a market cap of $25.02 billion, a P/E ratio of 29.21, a P/E/G ratio of 2.62 and a beta of 1.43. The business’s 50 day moving average price is $1,391.20 and its 200-day moving average price is $1,371.17. Mettler-Toledo International, Inc. has a 52 week low of $946.69 and a 52 week high of $1,525.17.
Analyst Upgrades and Downgrades
MTD has been the subject of a number of research analyst reports. Barclays dropped 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 research note on Monday, December 15th. Weiss Ratings reissued a “hold (c+)” rating on shares of Mettler-Toledo International in a research report on Monday, December 29th. Morgan Stanley decreased their price objective on shares of Mettler-Toledo International from $1,550.00 to $1,475.00 and set an “equal weight” rating for the company in a report on Tuesday, February 10th. Bank of America raised shares of Mettler-Toledo International from a “neutral” rating to a “buy” rating and set a $1,600.00 target price on the stock in a research note on Monday, December 15th. Finally, Wells Fargo & Company boosted their price target on shares of Mettler-Toledo International from $1,400.00 to $1,450.00 and gave the company an “equal weight” rating in a research report on Monday, December 15th. Six investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $1,435.42.
Read Our Latest Stock Analysis on MTD
Insider Activity
In related news, CFO Shawn Vadala sold 800 shares of the company’s stock in a transaction dated Tuesday, February 10th. The shares were sold at an average price of $1,410.12, for a total value of $1,128,096.00. Following the transaction, the chief financial officer owned 5,288 shares in the company, valued at $7,456,714.56. The trade was a 13.14% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.77% of the stock is currently owned by corporate insiders.
Mettler-Toledo International Company 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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