Keybank National Association OH Has $833,000 Position in Mettler-Toledo International, Inc. $MTD

Keybank National Association OH increased its stake in shares of Mettler-Toledo International, Inc. (NYSE:MTD) by 31.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 709 shares of the medical instruments supplier’s stock after purchasing an additional 169 shares during the quarter. Keybank National Association OH’s holdings in Mettler-Toledo International were worth $833,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. WPG Advisers LLC acquired a new stake in shares of Mettler-Toledo International during the first quarter worth approximately $41,000. Zions Bancorporation National Association UT acquired a new stake in shares of Mettler-Toledo International during the first quarter worth approximately $43,000. Sound Income Strategies LLC boosted its holdings in shares of Mettler-Toledo International by 477.8% during the second quarter. Sound Income Strategies LLC now owns 52 shares of the medical instruments supplier’s stock worth $61,000 after purchasing an additional 43 shares during the period. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Mettler-Toledo International during the second quarter worth approximately $63,000. Finally, Geneos Wealth Management Inc. boosted its holdings in shares of Mettler-Toledo International by 83.3% during the first quarter. Geneos Wealth Management Inc. now owns 66 shares of the medical instruments supplier’s stock worth $78,000 after purchasing an additional 30 shares during the period. 95.07% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Gerry Keller sold 165 shares of the business’s stock in a transaction on Thursday, August 14th. The shares were sold at an average price of $1,308.64, for a total transaction of $215,925.60. Following the transaction, the insider owned 94 shares of the company’s stock, valued at approximately $123,012.16. The trade was a 63.71% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Thomas P. Salice sold 1,062 shares of the business’s stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $1,300.90, for a total transaction of $1,381,555.80. Following the transaction, the director directly owned 283 shares in the company, valued at $368,154.70. This trade represents a 78.96% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 1,827 shares of company stock valued at $2,371,208. 1.94% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms have issued reports on MTD. Robert W. Baird lifted their target price on shares of Mettler-Toledo International from $1,210.00 to $1,230.00 and gave the company a “neutral” rating in a research note on Monday, August 4th. Bank of America lifted their target price on shares of Mettler-Toledo International from $1,260.00 to $1,390.00 and gave the company a “neutral” rating in a research note on Monday, September 22nd. Citigroup lifted their target price on shares of Mettler-Toledo International from $1,400.00 to $1,600.00 and gave the company a “buy” rating in a research note on Thursday, August 21st. Weiss Ratings reiterated a “hold (c)” rating on shares of Mettler-Toledo International in a research note on Wednesday, October 8th. Finally, Barclays lifted their target price on shares of Mettler-Toledo International from $1,325.00 to $1,350.00 and gave the company an “overweight” rating in a research note on Thursday, October 2nd. Five equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, Mettler-Toledo International has an average rating of “Hold” and a consensus price target of $1,336.50.

Mettler-Toledo International Trading Down 0.6%

Shares of MTD stock opened at $1,408.19 on Tuesday. Mettler-Toledo International, Inc. has a 1 year low of $946.69 and a 1 year high of $1,454.68. The firm’s fifty day simple moving average is $1,308.87 and its 200 day simple moving average is $1,226.11. The firm has a market capitalization of $29.01 billion, a P/E ratio of 35.66, a price-to-earnings-growth ratio of 4.19 and a beta of 1.37.

Mettler-Toledo International Profile

Mettler-Toledo International Inc manufactures and supplies precision instruments and services in the Americas, Europe, Asia, and internationally. It operates through five segments: U.S. Operations, Swiss Operations, Western European Operations, Chinese Operations, and Other. The company’s laboratory instruments include laboratory balances, liquid pipetting solutions, automated laboratory reactors, real-time analytics, titrators, pH meters, process analytics sensors and analyzer technologies, physical value analyzers, density and refractometry, thermal analysis systems, and other analytical instruments; and LabX, a laboratory software platform to manage and analyze data generated from its instruments.