Crestwood Advisors Group LLC Has $28.67 Million Stock Holdings in Mettler-Toledo International, Inc. $MTD

Crestwood Advisors Group LLC lifted its position in shares of Mettler-Toledo International, Inc. (NYSE:MTD) by 0.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 24,407 shares of the medical instruments supplier’s stock after purchasing an additional 59 shares during the quarter. Crestwood Advisors Group LLC owned approximately 0.12% of Mettler-Toledo International worth $28,671,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of MTD. WPG Advisers LLC acquired a new stake in shares of Mettler-Toledo International during the 1st quarter worth approximately $41,000. NewSquare Capital LLC boosted its stake in Mettler-Toledo International by 94.4% during the second quarter. NewSquare Capital LLC now owns 35 shares of the medical instruments supplier’s stock worth $41,000 after buying an additional 17 shares in the last quarter. Zions Bancorporation National Association UT acquired a new stake in Mettler-Toledo International during the first quarter worth $43,000. Sound Income Strategies LLC boosted its stake in 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 buying an additional 43 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd acquired a new stake in shares of Mettler-Toledo International during the 2nd quarter valued at about $63,000. Institutional investors and hedge funds own 95.07% of the company’s stock.

Insiders Place Their Bets

In other Mettler-Toledo International news, CFO Shawn Vadala sold 300 shares of the business’s stock in a transaction on Friday, August 8th. The stock was sold at an average price of $1,254.09, for a total value of $376,227.00. Following the transaction, the chief financial officer owned 5,095 shares of the company’s stock, valued at approximately $6,389,588.55. The trade was a 5.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Gerry Keller sold 165 shares of the company’s stock in a transaction dated Thursday, August 14th. The stock was 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 in the company, valued at approximately $123,012.16. This trade represents a 63.71% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 1,827 shares of company stock valued at $2,371,208. 0.77% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on MTD shares. Evercore ISI lifted their target price on shares of Mettler-Toledo International from $1,275.00 to $1,400.00 and gave the company an “outperform” rating in a research report on Tuesday, October 7th. Barclays lifted their price objective on Mettler-Toledo International from $1,325.00 to $1,350.00 and gave the company an “overweight” rating in a report on Thursday, October 2nd. JPMorgan Chase & Co. lifted their price objective on Mettler-Toledo International from $1,200.00 to $1,285.00 and gave the company a “neutral” rating in a report on Thursday, October 9th. Bank of America boosted their price target on 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. Finally, Robert W. Baird boosted their price target on 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. Five research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, Mettler-Toledo International presently has an average rating of “Hold” and a consensus target price of $1,336.50.

Mettler-Toledo International Price Performance

Shares of MTD opened at $1,418.57 on Wednesday. The company has a market capitalization of $29.22 billion, a P/E ratio of 35.92, a PEG ratio of 4.19 and a beta of 1.41. Mettler-Toledo International, Inc. has a one year low of $946.69 and a one year high of $1,454.68. The business’s 50 day simple moving average is $1,311.51 and its 200-day simple moving average is $1,229.02.

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.