Fiera Capital Corp trimmed its holdings in Mettler-Toledo International, Inc. (NYSE:MTD – Free Report) by 7.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 310,000 shares of the medical instruments supplier’s stock after selling 23,886 shares during the period. Mettler-Toledo International comprises about 1.4% of Fiera Capital Corp’s investment portfolio, making the stock its 22nd biggest position. Fiera Capital Corp’s holdings in Mettler-Toledo International were worth $432,199,000 at the end of the most recent quarter.
Several other large investors have also made changes to their positions in the business. Clearbridge Investments LLC lifted its position in shares of Mettler-Toledo International by 41.4% in the fourth quarter. Clearbridge Investments LLC now owns 6,153 shares of the medical instruments supplier’s stock valued at $8,578,000 after acquiring an additional 1,803 shares in the last quarter. Syon Capital LLC lifted its position in shares of Mettler-Toledo International by 53.5% in the fourth quarter. Syon Capital LLC now owns 419 shares of the medical instruments supplier’s stock valued at $584,000 after acquiring an additional 146 shares in the last quarter. ING Groep NV purchased a new position in shares of Mettler-Toledo International in the fourth quarter valued at about $2,286,000. Capital International Sarl lifted its position in shares of Mettler-Toledo International by 32.2% in the fourth quarter. Capital International Sarl now owns 18,766 shares of the medical instruments supplier’s stock valued at $26,163,000 after acquiring an additional 4,570 shares in the last quarter. Finally, Capital International Ltd. CA lifted its position in shares of Mettler-Toledo International by 30.2% in the fourth quarter. Capital International Ltd. CA now owns 10,380 shares of the medical instruments supplier’s stock valued at $14,472,000 after acquiring an additional 2,410 shares in the last quarter. 95.07% of the stock is currently owned by hedge funds and other institutional investors.
Mettler-Toledo International Trading Down 0.0%
NYSE:MTD opened at $1,153.99 on Monday. The company has a market capitalization of $23.32 billion, a P/E ratio of 27.06, a P/E/G ratio of 2.41 and a beta of 1.27. Mettler-Toledo International, Inc. has a 12 month low of $1,023.05 and a 12 month high of $1,525.17. The business’s 50-day moving average is $1,215.48 and its 200 day moving average is $1,322.61.
Wall Street Analysts Forecast Growth
Several brokerages have recently commented on MTD. Robert W. Baird lowered their price objective on Mettler-Toledo International from $1,445.00 to $1,194.00 and set a “neutral” rating on the stock in a research report on Monday, May 11th. Jefferies Financial Group upgraded Mettler-Toledo International from a “hold” rating to a “buy” rating and boosted their price objective for the company from $1,400.00 to $1,450.00 in a research report on Friday, March 20th. Stifel Nicolaus lowered their price objective on Mettler-Toledo International from $1,600.00 to $1,400.00 and set a “buy” rating on the stock in a research report on Monday, May 18th. Wall Street Zen downgraded Mettler-Toledo International from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. Finally, Barclays reduced their target price on Mettler-Toledo International from $1,550.00 to $1,500.00 and set an “overweight” rating on the stock in a report on Tuesday, April 14th. Six analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Mettler-Toledo International has an average rating of “Hold” and a consensus target price of $1,408.55.
View Our Latest Stock Analysis on MTD
Mettler-Toledo International Profile
Mettler-Toledo International Inc is a global manufacturer and distributor of precision instruments and services for laboratory, industrial and food retail applications. The company’s product portfolio includes laboratory balances and analytical instruments, industrial weighing systems, process analytics and sensors, metal detection and x-ray inspection equipment, checkweighers, and a range of automated inspection and data-management solutions. Mettler-Toledo also provides software, calibration and lifecycle services intended to support compliance, quality control and operational efficiency across customer facilities.
The company serves a broad set of end markets including pharmaceutical and biotech laboratories, chemical and food processors, logistics and manufacturing operations, and retail environments where accurate weighing and inspection are critical.
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