Checking in on Mettler-Toledo International Inc. (MTD) after recent insiders movement


Mettler-Toledo International Inc.’s recent filing unveils that its Head of Process Analytics Keller Gerry unloaded Company’s shares for reported $0.63 million on May 23. In the deal valued at $1400.00 per share,449 shares were sold. As a result of this transaction, Keller Gerry now holds 0 shares worth roughly $ 0.0.

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Then, Wong Ann Ping Richard sold 1,363 shares, generating $1,901,754 in total proceeds. Upon selling the shares at $1395.27, the Head of Asia/Pac Market Orgs now owns 380 shares.

Before that, Magloth Christian sold 725 shares. Mettler-Toledo International Inc. shares valued at $1,003,870 were divested by the Head of Human Resources at a price of $1384.65 per share. As a result of the transaction, Magloth Christian now holds 730 shares, worth roughly $0.89 million.

JP Morgan upgraded its Mettler-Toledo International Inc. [MTD] rating to a Neutral from a an Underweight in a research note published on Friday, December 19, 2022; the price target was increased to $1350 from $1100. PT values the company’s stock at a premium of 9.44 to its Friday closing price.

Price Performance Review of MTD

On Friday, Mettler-Toledo International Inc. [NYSE:MTD] saw its stock jump 0.74% to $1222.50. On the same session, the stock had its day’s lowest price of $1,198.88, but rose to a high of $1,235.585. Over the last five days, the stock has gained 4.00%. Mettler-Toledo International Inc. shares have fallen nearly -15.42% since the year began. Nevertheless, the stocks have risen 0.83% over the past one year. While a 52-week high of $1615.97 was reached on 04/18/23, a 52-week low of $1065.55 was recorded on 08/22/23. SMA at 50 days reached $1,267.94, while 200 days put it at $1,410.51. A total of 0.14 million shares were traded, compared to the trading of 0.17 million shares in the previous session.

Levels Of Support And Resistance For MTD Stock

The 24-hour chart illustrates a support level at 1,202.39, which if violated will result in even more drops to 1,182.28. On the upside, there is a resistance level at 1,239.10. A further resistance level may holdings at 1,255.69. The Relative Strength Index (RSI) on the 14-day chart is 48.50, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 25.70, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 18.97%. Stochastics %K at 70.61% indicates the stock is a holding.

How much short interest is there in Mettler-Toledo International Inc.?

A steep rise in short interest was recorded in Mettler-Toledo International Inc. stocks on Aug 14, 2023, dropping by 53020.0 shares to a total of 0.43 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 0.48 million shares. There was a decline of -12.42%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 2.25% of the overall stock float, the days-to-cover ratio (short ratio) fell to 2.53.

Mettler-Toledo International Inc. [MTD] – Who Are The Largest Shareholders?

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 2,443,699 shares, or roughly 11.10% of the outstanding MTD shares. In other words, the investor’s shares have fallen by -19,528 from its previous 13-F filing of 2463227.0. Additionally, BlackRock Fund Advisors increased 1.00% of its stake after which the total value it holdings stand at $1,642,026,960, while SSgA Funds Management, Inc. added 0.44% of its stake to hold $1.21 billion in the firm. Over the last quarter, WCM Investment Management LLC purchased 3,512 shares of Mettler-Toledo International Inc., while Fundsmith LLP bought 12,551 shares. At present, Fidelity Management & Research Co is holding 724,681 shares valued at $911.26 million. Capital Research & Management Co owned 660,610 shares of the company at the time of its most recent 13F filing, worth $830.7 million.

According to FactSet, Mettler-Toledo International Inc.’s share price will average $1360.17 in the next year, based on opinions of analysts polled by the firm. This is up nearly 11.25 percent from its previous closing price of $1213.48. Analysts expect Mettler-Toledo International Inc. stock to reach the higher price of $1521.00, while the lowest price estimate is $1200.00. However, 14 analysts have rated MTD stock as a Hold in their predictions for 2023.


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