5,876 Shares of Mettler-Toledo International, Inc. $MTD Acquired by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. purchased a new position in Mettler-Toledo International, Inc. (NYSE:MTD) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 5,876 shares of the medical instruments supplier’s stock, valued at approximately $8,878,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. XXEC Inc. acquired a new stake in Mettler-Toledo International during the second quarter valued at approximately $77,044,000. BlackRock Inc. bought a new position in Mettler-Toledo International during the 2nd quarter worth approximately $2,404,713,000. Bank of New York Mellon Corp acquired a new position in shares of Mettler-Toledo International in the 2nd quarter worth approximately $762,553,000. Wellington Management Group LLP grew its position in shares of Mettler-Toledo International by 908.6% in the 2nd quarter. Wellington Management Group LLP now owns 459,064 shares of the medical instruments supplier’s stock worth $586,459,000 after acquiring an additional 413,547 shares in the last quarter. Finally, Amundi increased its holdings in shares of Mettler-Toledo International by 40.7% in the 2nd quarter. Amundi now owns 240,640 shares of the medical instruments supplier’s stock valued at $307,420,000 after acquiring an additional 69,620 shares during the last quarter. 95.07% of the stock is owned by institutional investors.

Insider Activity

In related news, CEO Patrick Kaltenbach sold 942 shares of the business’s stock in a transaction that occurred on Thursday, August 27th. The stock was sold at an average price of $1,425.00, for a total transaction of $1,342,350.00. Following the completion of the transaction, the chief executive officer owned 4,480 shares in the company, valued at $6,384,000. The trade was a 17.37% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.71% of the company’s stock.

Mettler-Toledo International Stock Performance

Shares of MTD stock opened at $1,723.17 on Thursday. The company has a market cap of $34.53 billion, a P/E ratio of 38.78, a PEG ratio of 3.42 and a beta of 1.16. The business has a 50 day moving average of $1,512.80 and a two-hundred day moving average of $1,343.25. Mettler-Toledo International, Inc. has a 52 week low of $1,023.05 and a 52 week high of $1,737.99. The company has a quick ratio of 0.78, a current ratio of 1.12 and a debt-to-equity ratio of 159.45.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on MTD shares. Barclays upped their price target on Mettler-Toledo International from $1,575.00 to $1,700.00 and gave the company an “overweight” rating in a research report on Wednesday, October 7th. Royal Bank Of Canada assumed coverage on shares of Mettler-Toledo International in a report on Tuesday, September 1st. They issued a “sector perform” rating and a $1,515.00 price objective for the company. Weiss Ratings upgraded shares of Mettler-Toledo International from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, October 19th. Rothschild & Co Redburn started coverage on shares of Mettler-Toledo International in a report on Wednesday, September 2nd. They set a “sell” rating and a $1,200.00 target price on the stock. Finally, Stifel Nicolaus increased their target price on shares of Mettler-Toledo International from $1,400.00 to $1,600.00 and gave the stock a “buy” rating in a report on Monday, August 3rd. Six analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $1,469.15.

Mettler-Toledo International Company Profile

Mettler-Toledo International Inc (NYSE: MTD) develops and manufactures precision instruments and related services for laboratory, industrial, and retail applications. Its products help customers weigh, measure, analyze, inspect, and control materials and processes with high accuracy.

The company’s laboratory offerings include balances and scales, analytical instruments, titration and pH systems, thermal analysis equipment, spectroscopy products, laboratory automation solutions, and associated software.