Crestwood Advisors Group LLC Has $37.61 Million Holdings in Mettler-Toledo International Inc. (NYSE:MTD)

Crestwood Advisors Group LLC lowered its stake in Mettler-Toledo International Inc. (NYSE:MTD) by 0.1% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 25,079 shares of the medical instruments supplier’s stock after selling 27 shares during the quarter. Crestwood Advisors Group LLC’s holdings in Mettler-Toledo International were worth $37,611,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in MTD. Daiwa Securities Group Inc. boosted its stake in Mettler-Toledo International by 36.6% during the 1st quarter. Daiwa Securities Group Inc. now owns 2,682 shares of the medical instruments supplier’s stock valued at $3,570,000 after purchasing an additional 719 shares during the last quarter. Gateway Investment Advisers LLC purchased a new stake in Mettler-Toledo International in the 2nd quarter valued at $685,000. Mediolanum International Funds Ltd bought a new stake in shares of Mettler-Toledo International in the 1st quarter worth $2,169,000. AIA Group Ltd raised its holdings in shares of Mettler-Toledo International by 71.4% in the first quarter. AIA Group Ltd now owns 1,899 shares of the medical instruments supplier’s stock valued at $2,528,000 after purchasing an additional 791 shares during the last quarter. Finally, Swedbank AB bought a new position in shares of Mettler-Toledo International during the first quarter valued at about $26,867,000. Institutional investors own 95.07% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Stifel Nicolaus upped their price objective on shares of Mettler-Toledo International from $1,510.00 to $1,550.00 and gave the stock a “buy” rating in a research report on Monday, August 5th. JPMorgan Chase & Co. upped their target price on Mettler-Toledo International from $1,300.00 to $1,400.00 and gave the company a “neutral” rating in a report on Monday, August 5th. Evercore ISI lifted their price target on Mettler-Toledo International from $1,375.00 to $1,450.00 and gave the stock an “in-line” rating in a report on Tuesday, October 1st. The Goldman Sachs Group upped their price objective on Mettler-Toledo International from $1,150.00 to $1,300.00 and gave the company a “neutral” rating in a research note on Tuesday, July 9th. Finally, Wells Fargo & Company assumed coverage on Mettler-Toledo International in a research note on Tuesday, August 27th. They set an “equal weight” rating and a $1,400.00 target price on the stock. Two analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, Mettler-Toledo International presently has an average rating of “Hold” and a consensus target price of $1,363.75.

Insider Buying and Selling at Mettler-Toledo International

In related news, insider Christian Magloth sold 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $1,422.97, for a total value of $1,422,970.00. Following the completion of the transaction, the insider now directly owns 734 shares of the company’s stock, valued at approximately $1,044,459.98. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, insider Christian Magloth sold 1,000 shares of the stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $1,422.97, for a total transaction of $1,422,970.00. Following the sale, the insider now owns 734 shares of the company’s stock, valued at approximately $1,044,459.98. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Shawn Vadala sold 250 shares of Mettler-Toledo International stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $1,401.00, for a total value of $350,250.00. Following the transaction, the chief financial officer now directly owns 4,914 shares of the company’s stock, valued at $6,884,514. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.94% of the company’s stock.

Mettler-Toledo International Price Performance

Shares of NYSE MTD traded up $3.08 during trading on Tuesday, reaching $1,367.10. 3,279 shares of the stock traded hands, compared to its average volume of 131,858. The stock has a market capitalization of $29.01 billion, a P/E ratio of 37.53, a price-to-earnings-growth ratio of 3.92 and a beta of 1.16. Mettler-Toledo International Inc. has a 52-week low of $953.28 and a 52-week high of $1,546.93. The company has a 50-day moving average of $1,402.22 and a 200-day moving average of $1,398.02.

Mettler-Toledo International Profile

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.