Thematics Asset Management cut its position in Mettler-Toledo International, Inc. (NYSE:MTD – Free Report) by 64.3% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,901 shares of the medical instruments supplier’s stock after selling 7,029 shares during the quarter. Thematics Asset Management’s holdings in Mettler-Toledo International were worth $4,789,000 at the end of the most recent quarter.
Other hedge funds have also recently added to or reduced their stakes in the company. Geneos Wealth Management Inc. increased its holdings in shares of Mettler-Toledo International by 83.3% in the 1st quarter. Geneos Wealth Management Inc. now owns 66 shares of the medical instruments supplier’s stock valued at $78,000 after acquiring an additional 30 shares during the period. Savant Capital LLC grew its position in Mettler-Toledo International by 27.0% during the 2nd quarter. Savant Capital LLC now owns 471 shares of the medical instruments supplier’s stock worth $553,000 after purchasing an additional 100 shares during the last quarter. Penserra Capital Management LLC grew its position in Mettler-Toledo International by 10.7% during the 2nd quarter. Penserra Capital Management LLC now owns 114 shares of the medical instruments supplier’s stock worth $133,000 after purchasing an additional 11 shares during the last quarter. Los Angeles Capital Management LLC increased its stake in Mettler-Toledo International by 82.7% in the second quarter. Los Angeles Capital Management LLC now owns 550 shares of the medical instruments supplier’s stock valued at $646,000 after purchasing an additional 249 shares during the period. Finally, Acadian Asset Management LLC raised its holdings in shares of Mettler-Toledo International by 12.3% in the second quarter. Acadian Asset Management LLC now owns 2,823 shares of the medical instruments supplier’s stock valued at $3,312,000 after buying an additional 310 shares during the last quarter. Hedge funds and other institutional investors own 95.07% of the company’s stock.
Mettler-Toledo International Trading Up 0.6%
Shares of MTD opened at $1,174.59 on Friday. The stock’s 50 day moving average is $1,378.52 and its two-hundred day moving average is $1,367.96. Mettler-Toledo International, Inc. has a twelve month low of $946.69 and a twelve month high of $1,525.17. The firm has a market capitalization of $23.88 billion, a PE ratio of 27.89, a P/E/G ratio of 2.45 and a beta of 1.43.
Insider Buying and Selling at Mettler-Toledo International
In other news, CFO Shawn Vadala sold 800 shares of the 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 completion of the transaction, the chief financial officer owned 5,288 shares in the company, valued at $7,456,714.56. This trade represents a 13.14% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.94% of the stock is currently owned by company insiders.
Wall Street Analyst Weigh In
MTD has been the subject of several recent research reports. Wells Fargo & Company increased their target price on shares of Mettler-Toledo International from $1,400.00 to $1,450.00 and gave the stock an “equal weight” rating in a research note on Monday, December 15th. Bank of America raised Mettler-Toledo International from a “neutral” rating to a “buy” rating and set a $1,600.00 price objective for the company in a research note on Monday, December 15th. The Goldman Sachs Group began coverage on Mettler-Toledo International in a research report on Tuesday, December 9th. They set a “neutral” rating and a $1,475.00 price objective for the company. Morgan Stanley lowered their target price on Mettler-Toledo International from $1,550.00 to $1,475.00 and set an “equal weight” rating on the stock in a research note on Tuesday, February 10th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Mettler-Toledo International in a report on Monday, December 29th. Six research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $1,435.42.
View Our Latest Stock Report on Mettler-Toledo International
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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