WINTON GROUP Ltd purchased a new stake in shares of Mettler-Toledo International Inc. (NYSE:MTD) during the 3rd quarter, Holdings Channel reports. The firm purchased 29,831 shares of the medical instruments supplier’s stock, valued at approximately $18,166,000.
Other institutional investors have also recently bought and sold shares of the company. Captrust Financial Advisors grew its stake in Mettler-Toledo International by 306.7% during the 2nd quarter. Captrust Financial Advisors now owns 183 shares of the medical instruments supplier’s stock valued at $106,000 after purchasing an additional 138 shares during the last quarter. Moneta Group Investment Advisors LLC purchased a new stake in Mettler-Toledo International during the 2nd quarter valued at about $110,000. IFP Advisors Inc grew its stake in Mettler-Toledo International by 603.7% during the 3rd quarter. IFP Advisors Inc now owns 190 shares of the medical instruments supplier’s stock valued at $116,000 after purchasing an additional 163 shares during the last quarter. Cornerstone Advisors Inc. grew its stake in Mettler-Toledo International by 7,233.3% during the 2nd quarter. Cornerstone Advisors Inc. now owns 220 shares of the medical instruments supplier’s stock valued at $127,000 after purchasing an additional 217 shares during the last quarter. Finally, Piedmont Investment Advisors LLC purchased a new stake in Mettler-Toledo International during the 2nd quarter valued at about $167,000. Institutional investors and hedge funds own 92.37% of the company’s stock.
A number of analysts have recently commented on the company. Zacks Investment Research downgraded Mettler-Toledo International from a “buy” rating to a “hold” rating in a research note on Tuesday, October 16th. Morgan Stanley lowered their target price on Mettler-Toledo International from $540.00 to $529.00 and set an “equal weight” rating on the stock in a research note on Friday, July 27th. JPMorgan Chase & Co. upped their target price on Mettler-Toledo International from $550.00 to $600.00 and gave the stock a “neutral” rating in a research note on Friday, July 27th. Finally, UBS Group assumed coverage on Mettler-Toledo International in a research note on Tuesday, October 9th. They issued a “neutral” rating and a $625.00 target price on the stock. Ten equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $624.00.
Shares of MTD stock opened at $577.03 on Wednesday. The company has a market cap of $14.32 billion, a price-to-earnings ratio of 32.84, a price-to-earnings-growth ratio of 2.28 and a beta of 1.15. The company has a current ratio of 1.46, a quick ratio of 1.06 and a debt-to-equity ratio of 1.92. Mettler-Toledo International Inc. has a 12-month low of $521.79 and a 12-month high of $697.26.
In other Mettler-Toledo International news, insider William P. Donnelly sold 500 shares of the stock in a transaction that occurred on Thursday, August 16th. The stock was sold at an average price of $570.00, for a total transaction of $285,000.00. Following the transaction, the insider now owns 1,500 shares in the company, valued at $855,000. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider La Guerroniere Marc De sold 740 shares of the stock in a transaction that occurred on Monday, September 10th. The stock was sold at an average price of $600.00, for a total value of $444,000.00. Following the transaction, the insider now owns 740 shares in the company, valued at approximately $444,000. The disclosure for this sale can be found here. Insiders have sold 14,858 shares of company stock worth $8,681,504 in the last quarter. 4.80% of the stock is currently owned by company insiders.
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About Mettler-Toledo International
Mettler-Toledo International Inc manufactures and supplies precision instruments and services worldwide. The company operates in five segments: U.S. Operations, Swiss Operations, Western European Operations, Chinese Operations, and Other. It offers weighing instruments for laboratory, industrial, packaging, logistics, and food retailing applications; analytical instruments for use in life science; various related analytical instruments and provides automated chemistry solutions used in drug and chemical compound discovery and development; and end-of-line product inspection systems used in production and packaging for food processing and packaging, pharmaceutical, packaged consumer goods, and other industries.
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