Northern Trust Corp Trims Stock Position in Mettler-Toledo International Inc. (NYSE:MTD)
Northern Trust Corp lowered its holdings in shares of Mettler-Toledo International Inc. (NYSE:MTD – Free Report) by 17.5% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 230,206 shares of the medical instruments supplier’s stock after selling 48,940 shares during the quarter. Northern Trust […] Northern Trust Corp has reduced its holdings in shares of Mettler-Toledo International Inc. (NYSE:MTD) by 17.5% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 230,206 shares of the medical instruments supplier’s stock after selling 48,940 shares in the same period. Northern Trust Corp now owns 1.06% of the company's stock, worth $279,231,000. Other hedge funds and other institutional investors have also made changes to their positions in the company. The company's target price was increased from $1,200,300 to $1.1,300,000 in the last three months.
Veröffentlicht : vor 10 Monaten durch Defense World Staff in Finance
Northern Trust Corp lowered its holdings in shares of Mettler-Toledo International Inc. (NYSE:MTD – Free Report) by 17.5% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 230,206 shares of the medical instruments supplier’s stock after selling 48,940 shares during the quarter. Northern Trust Corp owned approximately 1.06% of Mettler-Toledo International worth $279,231,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Personal CFO Solutions LLC increased its holdings in Mettler-Toledo International by 2.2% in the 3rd quarter. Personal CFO Solutions LLC now owns 472 shares of the medical instruments supplier’s stock worth $523,000 after acquiring an additional 10 shares in the last quarter. Legacy Wealth Asset Management LLC increased its holdings in Mettler-Toledo International by 2.0% in the 4th quarter. Legacy Wealth Asset Management LLC now owns 568 shares of the medical instruments supplier’s stock worth $689,000 after acquiring an additional 11 shares in the last quarter. Clarius Group LLC increased its holdings in Mettler-Toledo International by 4.4% in the 4th quarter. Clarius Group LLC now owns 263 shares of the medical instruments supplier’s stock worth $319,000 after acquiring an additional 11 shares in the last quarter. Sequoia Financial Advisors LLC increased its holdings in Mettler-Toledo International by 3.7% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 340 shares of the medical instruments supplier’s stock worth $377,000 after acquiring an additional 12 shares in the last quarter. Finally, OneAscent Financial Services LLC increased its holdings in Mettler-Toledo International by 3.6% in the 4th quarter. OneAscent Financial Services LLC now owns 343 shares of the medical instruments supplier’s stock worth $416,000 after acquiring an additional 12 shares in the last quarter. Hedge funds and other institutional investors own 95.07% of the company’s stock.
NYSE MTD opened at $1,438.58 on Friday. The company has a market capitalization of $30.73 billion, a P/E ratio of 40.34, a P/E/G ratio of 3.86 and a beta of 1.20. Mettler-Toledo International Inc. has a one year low of $928.49 and a one year high of $1,535.86. The stock has a 50 day moving average price of $1,348.46 and a 200-day moving average price of $1,256.11.
In related news, Director Thomas P. Salice sold 1,268 shares of the stock in a transaction on Monday, May 13th. The stock was sold at an average price of $1,490.18, for a total transaction of $1,889,548.24. Following the sale, the director now owns 244 shares in the company, valued at approximately $363,603.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Thomas P. Salice sold 1,268 shares of the stock in a transaction on Monday, May 13th. The stock was sold at an average price of $1,490.18, for a total transaction of $1,889,548.24. Following the sale, the director now owns 244 shares in the company, valued at approximately $363,603.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Shawn Vadala sold 300 shares of the stock in a transaction on Monday, May 13th. The shares were sold at an average price of $1,457.07, for a total value of $437,121.00. Following the sale, the chief financial officer now owns 4,914 shares in the company, valued at approximately $7,160,041.98. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 3,278 shares of company stock worth $4,871,849. Company insiders own 1.94% of the company’s stock.
MTD has been the subject of several analyst reports. Evercore ISI increased their target price on shares of Mettler-Toledo International from $1,200.00 to $1,300.00 and gave the stock an “in-line” rating in a report on Thursday, April 4th. Stifel Nicolaus upped their price target on Mettler-Toledo International from $1,270.00 to $1,510.00 and gave the stock a “buy” rating in a research note on Monday, May 13th. StockNews.com upgraded Mettler-Toledo International from a “hold” rating to a “buy” rating in a research note on Monday, April 29th. Jefferies Financial Group restated an “underperform” rating and issued a $1,250.00 price target (up from $1,230.00) on shares of Mettler-Toledo International in a research note on Monday, June 3rd. Finally, Citigroup upped their price target on Mettler-Toledo International from $975.00 to $1,200.00 and gave the stock a “sell” rating in a research note on Monday, May 13th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $1,256.25.
Get Our Latest Research Report on MTD
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.Its industrial instruments comprise industrial weighing instruments and related terminals, automatic dimensional measurement and data capture solutions, vehicle scale systems, industrial software, metal detection equipment, x-ray systems, check weighing equipment, camera-based imaging equipment, track-and-trace solutions, and product inspection systems.
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