South Dakota Investment Council Takes $117,000 Position in Mettler-Toledo International, Inc. $MTD

South Dakota Investment Council purchased a new stake in shares of Mettler-Toledo International, Inc. (NYSE:MTD) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 100 shares of the medical instruments supplier’s stock, valued at approximately $117,000.

Several other institutional investors and hedge funds have also recently modified their holdings of MTD. WPG Advisers LLC bought a new stake in shares of Mettler-Toledo International during the first quarter valued at approximately $41,000. Zions Bancorporation National Association UT bought a new position in Mettler-Toledo International in the first quarter worth approximately $43,000. Sound Income Strategies LLC raised its stake in Mettler-Toledo International by 477.8% in 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. Caitong International Asset Management Co. Ltd bought a new position in Mettler-Toledo International in the second quarter worth approximately $63,000. Finally, Geneos Wealth Management Inc. raised its stake in Mettler-Toledo International by 83.3% in the first quarter. Geneos Wealth Management Inc. now owns 66 shares of the medical instruments supplier’s stock worth $78,000 after buying an additional 30 shares in the last quarter. Institutional investors own 95.07% of the company’s stock.

Analyst Ratings Changes

MTD has been the subject of a number of recent research reports. Weiss Ratings reissued a “hold (c)” rating on shares of Mettler-Toledo International in a research note on Wednesday, October 8th. Bank of America boosted their price objective on shares of Mettler-Toledo International from $1,260.00 to $1,390.00 and gave the stock a “neutral” rating in a research note on Monday, September 22nd. Robert W. Baird boosted their price objective on shares of Mettler-Toledo International from $1,210.00 to $1,230.00 and gave the stock a “neutral” rating in a research note on Monday, August 4th. JPMorgan Chase & Co. boosted their price objective on shares of 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, Evercore ISI boosted their price objective on shares of Mettler-Toledo International from $1,275.00 to $1,400.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 7th. Five research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $1,336.50.

Mettler-Toledo International Trading Up 0.8%

NYSE MTD opened at $1,418.57 on Wednesday. The firm’s fifty day simple moving average is $1,311.51 and its two-hundred day simple moving average is $1,229.02. Mettler-Toledo International, Inc. has a 12-month low of $946.69 and a 12-month high of $1,454.68. The firm has a market capitalization of $29.22 billion, a P/E ratio of 35.92, a P/E/G ratio of 4.19 and a beta of 1.37.

Insiders Place Their Bets

In other Mettler-Toledo International news, insider Gerry Keller sold 165 shares of Mettler-Toledo International stock in a transaction on Thursday, August 14th. The shares were sold at an average price of $1,308.64, for a total value of $215,925.60. Following the transaction, the insider directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Shawn Vadala sold 300 shares of Mettler-Toledo International stock in a transaction on Friday, August 8th. The stock was sold at an average price of $1,254.09, for a total transaction of $376,227.00. Following the completion of the transaction, the chief financial officer directly owned 5,095 shares in the company, valued at $6,389,588.55. This represents a 5.56% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 1,827 shares of company stock valued at $2,371,208. 1.94% of the stock is currently owned by insiders.

About Mettler-Toledo International

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.