The stock of Mettler-Toledo International Inc. (NYSE:MTD) reached all time high today, Nov, 7 and still has $622.03 target or 46.00% above today’s $426.05 share price. This indicates more upside for the $11.20 billion company. This technical setup was reported by Barchart.com. If the $622.03 PT is reached, the company will be worth $5.15B more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 53,154 shares traded hands. Mettler-Toledo International Inc. (NYSE:MTD) has risen 20.69% since April 5, 2016 and is uptrending. It has outperformed by 18.73% the S&P500.
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. Citigroup upgraded the shares of MTD in a report on Tuesday, September 8 to “Buy” rating. The stock has “Neutral” rating given by UBS on Friday, August 5. The firm earned “Neutral” rating on Thursday, September 10 by Bank of America. Bank of America upgraded the shares of MTD in a report on Wednesday, August 31 to “Buy” rating. As per Thursday, June 23, the company rating was downgraded by Citigroup.
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 2016 Q2. 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.
The Netherlands-based Delta Lloyd Nv has invested 0.04% in Mettler-Toledo International Inc. (NYSE:MTD). Brandywine Invest Management Ltd Liability Corp accumulated 0% or 15 shares. Ct Mason has invested 0.14% of its portfolio in Mettler-Toledo International Inc. (NYSE:MTD). Parsons Cap Mngmt Ri has invested 0.29% of its portfolio in Mettler-Toledo International Inc. (NYSE:MTD). Geode Cap Mngmt Ltd Limited Liability Company holds 184,236 shares or 0.04% of its portfolio. Bamco Incorporated Ny last reported 777,177 shares in the company. Sumitomo Mitsui Trust Holdings has 77,035 shares for 0.05% of their US portfolio. Amp has 0.02% invested in the company for 7,480 shares. Quantitative Invest Lc last reported 4,100 shares in the company. Finemark Natl Bank & holds 0.01% of its portfolio in Mettler-Toledo International Inc. (NYSE:MTD) for 313 shares. Private Com Na reported 899 shares or 0.09% of all its holdings. American International Incorporated accumulated 51,596 shares or 0% of the stock. Royal London Asset Mgmt Ltd last reported 0.05% of its portfolio in the stock. Wesbanco Bank & Trust Inc reported 652 shares or 0.01% of all its holdings. Jane Street Limited Liability Company reported 6,933 shares or 0.01% of all its holdings.
Insider Transactions: Since May 9, 2016, the stock had 0 insider purchases, and 18 insider sales for $38.07 million net activity. 10,000 Mettler-Toledo International Inc. (NYSE:MTD) shares with value of $3.99M were sold by FILLIOL OLIVER A. Shares for $2.06M were sold by SPOERRY ROBERT F on Monday, August 1. 700 shares were sold by Caratsch Thomas, worth $288,750. $3.99 million worth of Mettler-Toledo International Inc. (NYSE:MTD) shares were sold by DONNELLY WILLIAM P. Shares for $1.25M were sold by Rauch Waldemar on Monday, August 1. SALICE THOMAS P also sold $190,454 worth of Mettler-Toledo International Inc. (NYSE:MTD) on Monday, August 1. 1,000 shares were sold by Chu Wah-Hui, worth $384,000.
More notable recent Mettler-Toledo International Inc. (NYSE:MTD) news were published by: Prnewswire.com which released: “Mettler-Toledo International Inc. Reports Second Quarter 2016 Results” on July 28, 2016, also Marketwatch.com with their article: “Mettler-Toledo International Inc.” published on December 22, 2009, 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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