Wells Fargo & Company MN Has $19 Million Stake in Mettler-Toledo International Inc. (MTD)
Wells Fargo & Company MN lifted its position in Mettler-Toledo International Inc. (NYSE:MTD) by 17.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 30,336 shares of the medical instruments supplier’s stock after acquiring an additional 4,502 shares during the period. Wells Fargo & Company MN owned about 0.12% of Mettler-Toledo International worth $18,995,000 as of its most recent SEC filing.
Several other institutional investors have also recently added to or reduced their stakes in the company. Sun Life Financial INC boosted its holdings in shares of Mettler-Toledo International by 2,585.7% during the second quarter. Sun Life Financial INC now owns 188 shares of the medical instruments supplier’s stock worth $111,000 after purchasing an additional 181 shares during the period. Acrospire Investment Management LLC acquired a new stake in shares of Mettler-Toledo International during the second quarter worth approximately $118,000. Quantbot Technologies LP acquired a new stake in shares of Mettler-Toledo International during the third quarter worth approximately $193,000. Conning Inc. acquired a new stake in shares of Mettler-Toledo International during the second quarter worth approximately $206,000. Finally, Pacad Investment Ltd. acquired a new stake in shares of Mettler-Toledo International during the second quarter worth approximately $235,000. 91.57% of the stock is currently owned by institutional investors and hedge funds.
Shares of Mettler-Toledo International Inc. (NYSE MTD) opened at $635.07 on Wednesday. The company has a debt-to-equity ratio of 2.05, a current ratio of 1.51 and a quick ratio of 1.11. The stock has a market cap of $16,447.12, a P/E ratio of 38.05, a price-to-earnings-growth ratio of 2.94 and a beta of 1.09. Mettler-Toledo International Inc. has a one year low of $408.97 and a one year high of $694.48.
In other news, insider Thomas Caratsch sold 1,333 shares of the business’s stock in a transaction on Monday, November 27th. The shares were sold at an average price of $634.44, for a total value of $845,708.52. Following the completion of the sale, the insider now directly owns 1,270 shares in the company, valued at $805,738.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Simon Kirk sold 4,726 shares of the business’s stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $629.01, for a total transaction of $2,972,701.26. The disclosure for this sale can be found here. Insiders sold 39,969 shares of company stock valued at $25,242,999 over the last quarter. Corporate insiders own 5.20% of the company’s stock.
MTD has been the subject of several research reports. Morgan Stanley raised their price target on shares of Mettler-Toledo International from $535.00 to $545.00 and gave the stock an “equal weight” rating in a report on Friday, November 3rd. Robert W. Baird raised their price target on shares of Mettler-Toledo International from $605.00 to $675.00 and gave the stock a “neutral” rating in a report on Friday, November 3rd. Jefferies Group restated a “hold” rating and set a $600.00 price target on shares of Mettler-Toledo International in a report on Friday, October 20th. Zacks Investment Research upgraded shares of Mettler-Toledo International from a “hold” rating to a “buy” rating and set a $705.00 price target for the company in a report on Thursday, September 14th. Finally, Bank of America lifted their target price on shares of Mettler-Toledo International from $640.00 to $710.00 and gave the company a “buy” rating in a research note on Monday, October 9th. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $621.57.
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Mettler-Toledo International Company Profile
Mettler-Toledo International Inc is a supplier of precision instruments and services. The Company operates through five segments: U.S. Operations, Swiss Operations, Western European Operations, Chinese Operations and Other. The Company manufactures weighing instruments for use in laboratory, industrial, packaging, logistics and food retailing applications.
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