Park National Corp OH purchased a new stake in shares of Mettler-Toledo International Inc. (NYSE:MTD) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 365 shares of the medical instruments supplier’s stock, valued at approximately $264,000.
Other hedge funds also recently made changes to their positions in the company. Deutsche Bank AG increased its position in shares of Mettler-Toledo International by 43.2% in the fourth quarter. Deutsche Bank AG now owns 63,254 shares of the medical instruments supplier’s stock valued at $35,768,000 after buying an additional 19,089 shares in the last quarter. Machina Capital S.A.S. purchased a new stake in shares of Mettler-Toledo International during the fourth quarter worth approximately $353,000. Norges Bank purchased a new stake in shares of Mettler-Toledo International during the fourth quarter worth approximately $117,351,000. Actinver Wealth Management Inc. purchased a new stake in shares of Mettler-Toledo International during the fourth quarter worth approximately $202,000. Finally, Pinnacle Wealth Planning Services Inc. purchased a new stake in shares of Mettler-Toledo International during the fourth quarter worth approximately $224,000. Institutional investors own 95.72% of the company’s stock.
Shares of Mettler-Toledo International stock traded up $5.94 during trading hours on Friday, hitting $736.95. The company’s stock had a trading volume of 51,991 shares, compared to its average volume of 132,923. The company has a quick ratio of 1.06, a current ratio of 1.42 and a debt-to-equity ratio of 1.67. The firm has a market cap of $17.92 billion, a PE ratio of 36.27, a price-to-earnings-growth ratio of 2.54 and a beta of 1.35. Mettler-Toledo International Inc. has a twelve month low of $500.74 and a twelve month high of $750.00.
In other Mettler-Toledo International news, insider Christian Magloth sold 1,500 shares of the company’s stock in a transaction dated Wednesday, February 13th. The stock was sold at an average price of $666.91, for a total transaction of $1,000,365.00. Following the sale, the insider now owns 850 shares in the company, valued at approximately $566,873.50. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Robert F. Spoerry sold 35,000 shares of the company’s stock in a transaction dated Thursday, February 21st. The stock was sold at an average price of $672.50, for a total value of $23,537,500.00. Following the sale, the director now owns 5,894 shares in the company, valued at approximately $3,963,715. The disclosure for this sale can be found here. Insiders sold a total of 150,995 shares of company stock worth $100,997,450 in the last quarter. Company insiders own 3.50% of the company’s stock.
A number of equities analysts have weighed in on MTD shares. Bank of America reissued a “neutral” rating and set a $755.00 price objective (up previously from $725.00) on shares of Mettler-Toledo International in a research note on Tuesday, April 16th. Zacks Investment Research raised Mettler-Toledo International from a “hold” rating to a “buy” rating and set a $742.00 price objective on the stock in a research note on Tuesday, February 12th. ValuEngine raised Mettler-Toledo International from a “hold” rating to a “buy” rating in a research note on Thursday, January 24th. Finally, Evercore ISI lowered Mettler-Toledo International from an “in-line” rating to an “underperform” rating in a research note on Thursday, January 3rd. One research analyst has rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $650.67.
TRADEMARK VIOLATION WARNING: “Park National Corp OH Purchases New Holdings in Mettler-Toledo International Inc. (NYSE:MTD)” was published by Baseball Daily News and is the sole property of of Baseball Daily News. If you are viewing this report on another domain, it was copied illegally and reposted in violation of US & international copyright & trademark legislation. The legal version of this report can be accessed at https://www.baseballdailydigest.com/news/2019/04/26/park-national-corp-oh-purchases-shares-of-365-mettler-toledo-international-inc-mtd.html.
Mettler-Toledo International Profile
Mettler-Toledo International Inc manufactures and supplies precision instruments and services worldwide. The company operates in five segments: U.S. Operations, Swiss Operations, Western European Operations, Chinese Operations, and Other. It offers weighing instruments for laboratory, industrial, packaging, logistics, and food retailing applications; various related analytical instruments and provides automated chemistry solutions used in drug and chemical compound discovery and development; metal detection and other end-of-line product inspection systems used in production and packaging for food processing and packaging, pharmaceutical, packaged consumer goods, and other industries; and solutions that are used in various process analytics applications.
Recommended Story: What are retained earnings?
Receive News & Ratings for Mettler-Toledo International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mettler-Toledo International and related companies with MarketBeat.com's FREE daily email newsletter.