Mettler-Toledo International, Inc. (NYSE:MTD – Get Free Report) CFO Shawn Vadala sold 1,895 shares of the firm’s stock in a transaction that occurred on Tuesday, November 11th. The shares were sold at an average price of $1,455.52, for a total value of $2,758,210.40. Following the sale, the chief financial officer owned 5,288 shares of the company’s stock, valued at approximately $7,696,789.76. This trade represents a 26.38% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Shawn Vadala also recently made the following trade(s):
- On Tuesday, August 19th, Shawn Vadala sold 300 shares of Mettler-Toledo International stock. The shares were sold at an average price of $1,325.00, for a total value of $397,500.00.
Mettler-Toledo International Trading Down 0.6%
MTD stock opened at $1,404.27 on Friday. Mettler-Toledo International, Inc. has a twelve month low of $946.69 and a twelve month high of $1,471.06. The company has a market capitalization of $28.69 billion, a P/E ratio of 35.56, a PEG ratio of 4.19 and a beta of 1.41. The firm has a 50 day simple moving average of $1,334.60 and a 200-day simple moving average of $1,248.36.
Institutional Inflows and Outflows
Institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its stake in Mettler-Toledo International by 1.3% in the third quarter. Vanguard Group Inc. now owns 2,591,173 shares of the medical instruments supplier’s stock valued at $3,180,950,000 after buying an additional 34,466 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Mettler-Toledo International by 71.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 904,264 shares of the medical instruments supplier’s stock worth $1,062,257,000 after acquiring an additional 376,419 shares during the period. Capital International Investors lifted its position in Mettler-Toledo International by 1.2% in the 3rd quarter. Capital International Investors now owns 859,559 shares of the medical instruments supplier’s stock valued at $1,055,203,000 after purchasing an additional 10,395 shares during the last quarter. Alliancebernstein L.P. boosted its stake in Mettler-Toledo International by 1.1% during the 2nd quarter. Alliancebernstein L.P. now owns 717,449 shares of the medical instruments supplier’s stock valued at $842,802,000 after purchasing an additional 8,121 shares during the period. Finally, Geode Capital Management LLC grew its position in Mettler-Toledo International by 0.6% in the 2nd quarter. Geode Capital Management LLC now owns 581,847 shares of the medical instruments supplier’s stock worth $681,489,000 after purchasing an additional 3,383 shares during the last quarter. 95.07% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
A number of research firms recently commented on MTD. Weiss Ratings reiterated a “hold (c)” rating on shares of Mettler-Toledo International in a research note on Wednesday, October 8th. Robert W. Baird increased their target price on Mettler-Toledo International from $1,210.00 to $1,230.00 and gave the stock a “neutral” rating in a report on Monday, August 4th. Evercore ISI boosted their price target on Mettler-Toledo International from $1,275.00 to $1,400.00 and gave the company an “outperform” rating in a report on Tuesday, October 7th. JPMorgan Chase & Co. raised their price objective on Mettler-Toledo International from $1,200.00 to $1,285.00 and gave the stock a “neutral” rating in a research note on Thursday, October 9th. Finally, Barclays boosted their target price on shares of Mettler-Toledo International from $1,350.00 to $1,600.00 and gave the company an “overweight” rating in a research note on Monday, November 10th. Five investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $1,406.50.
Get Our Latest Stock Report on Mettler-Toledo International
Mettler-Toledo International Company 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.
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