The stock of Mettler-Toledo International Inc. (NYSE:MTD) is a huge mover today! About 278,380 shares traded hands or 36.97% up from the average. Mettler-Toledo International Inc. (NYSE:MTD) has risen 13.51% since April 4, 2016 and is uptrending. It has outperformed by 12.42% the S&P500.
The move comes after 7 months positive chart setup for the $11.14 billion company. It was reported on Nov, 4 by Barchart.com. We have $597.30 PT which if reached, will make NYSE:MTD worth $4.57 billion more.
Mettler-Toledo International Inc. (NYSE:MTD) Ratings Coverage
Out of 4 analysts covering Mettler-toledo International Inc. (NYSE:MTD), 1 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 25% are positive. Mettler-toledo International Inc. has been the topic of 11 analyst reports since August 3, 2015 according to StockzIntelligence Inc. The stock has “Neutral” rating given by Citigroup on Thursday, June 23. The stock has “Neutral” rating given by Bank of America on Thursday, September 10. The firm has “Neutral” rating given on Friday, August 5 by UBS. As per Wednesday, August 31, the company rating was upgraded by Bank of America. The stock of Mettler-Toledo International Inc. (NYSE:MTD) earned “Buy” rating by Citigroup on Tuesday, September 8.
According to Zacks Investment Research, “Mettler-Toledo is the world’s largest manufacturer and marketer of weighing instruments for use in laboratory, industrial and food retailing applications. The Company focuses on the high value-added segments of the weighing instruments market by providing solutions for specific applications. The Company also manufactures and sells certain related laboratory measurement instruments, with one of the top three market positions worldwide in titrators, thermal analysis systems, pH meters and lab reactors.”
Insitutional Activity: The institutional sentiment decreased to 0.99 in Q2 2016. Its down 0.15, from 1.14 in 2016Q1. The ratio turned negative, as 29 funds sold all Mettler-Toledo International Inc. shares owned while 140 reduced positions. 40 funds bought stakes while 127 increased positions. They now own 23.89 million shares or 9.25% less from 26.33 million shares in 2016Q1.
Chicago Equity Partners Ltd Llc has 4,950 shares for 0.05% of their US portfolio. Counsel Limited Liability Ny accumulated 8.94% or 265,705 shares. Mizuho & Ltd accumulated 57,420 shares or 0.06% of the stock. Dai Ichi Life Limited has 553 shares for 0.01% of their US portfolio. The Minnesota-based Us Bancorp De has invested 0.01% in Mettler-Toledo International Inc. (NYSE:MTD). Voloridge Management Ltd Liability Company has 0.05% invested in the company for 4,455 shares. Moreover, Northwest Invest Counselors Lc has 0.28% invested in Mettler-Toledo International Inc. (NYSE:MTD) for 1,401 shares. Meiji Yasuda Asset Management Company Ltd has invested 0.06% of its portfolio in Mettler-Toledo International Inc. (NYSE:MTD). Sumitomo Mitsui Asset Mngmt Co Ltd has 0.02% invested in the company for 1,914 shares. The Quebec – Canada-based Caisse De Depot Et Placement Du Quebec has invested 0% in Mettler-Toledo International Inc. (NYSE:MTD). Ledyard Comml Bank holds 0.02% or 254 shares in its portfolio. Fuller Thaler Asset Management Incorporated accumulated 255 shares or 0% of the stock. Williams Jones And Associate Lc has 1,050 shares for 0.02% of their US portfolio. Umb Financial Bank N A Mo owns 1,470 shares or 0.02% of their US portfolio. The Virginia-based Virginia Retirement System Et Al has invested 0.23% in Mettler-Toledo International Inc. (NYSE:MTD).
Insider Transactions: Since May 9, 2016, the stock had 0 buys, and 21 insider sales for $46.47 million net activity. 10,000 shares were sold by SPOERRY ROBERT F, worth $3.69 million. $522,221 worth of Mettler-Toledo International Inc. (NYSE:MTD) shares were sold by Magloth Christian. The insider FILLIOL OLIVER A sold $3.99M. 1,000 shares with value of $384,000 were sold by Chu Wah-Hui on Thursday, June 9. 460 Mettler-Toledo International Inc. (NYSE:MTD) shares with value of $190,454 were sold by SALICE THOMAS P. $288,750 worth of shares were sold by Caratsch Thomas on Friday, August 26. Shares for $1.30 million were sold by Kirk Simon on Tuesday, August 2.
More notable recent Mettler-Toledo International Inc. (NYSE:MTD) news were published by: Prnewswire.com which released: “Mettler-Toledo International Inc. Reports Third Quarter 2016 Results” on November 03, 2016, also Prnewswire.com with their article: “Mettler-Toledo International Inc. Reports Second Quarter 2016 Results” published on July 28, 2016, Prnewswire.com published: “Mettler-Toledo International Inc. Reports Fourth Quarter 2015 Results” on February 04, 2016. More interesting news about Mettler-Toledo International Inc. (NYSE:MTD) were released by: Seekingalpha.com and their article: “Mettler-Toledo International, Inc.’s (MTD) CEO Olivier Filliol on Q2 2016 …” published on July 29, 2016 as well as Prnewswire.com‘s news article titled: “Mettler-Toledo International Set to Join the S&P 500; Monolithic Power Systems …” with publication date: August 25, 2016.
MTD Company Profile
Mettler-Toledo International Inc., incorporated on December 6, 1991, is a supplier of precision instruments and services. The Firm is a well-known provider of weighing instruments for use in laboratory, industrial and food retailing applications. The Firm is also a well-known provider of analytical instruments for use in life science, reaction engineering and real-time analytic systems used in drug and chemical compound development and process analytics instruments used for in-line measurement in production processes. In addition, it is also a supplier of end-of-line inspection systems used in production and packaging for food, pharmaceutical and other industries. The Firm operates through five divisions: U.S. Operations, Swiss Operations, Western European Operations, Chinese Operations and Other. The Company’s U.S. Operations represent certain of the Company’s marketing and producing organizations located in the United States. The Company’s Western European Operations include the Company’s marketing and producing organizations in Western Europe, excluding activities located in Switzerland. Swiss Operations include marketing and producing organizations located in Switzerland, as well as research and development (R&D) activities that are responsible for the development, production and marketing of precision instruments, including weighing, analytical and measurement technologies for use in various laboratory and industrial applications. Chinese Operations represent the Company’s marketing and producing organizations located in China. The Company’s market organizations are geographically focused and are responsible for all aspects of the Company’s sales and service.
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