Logan Capital Management Inc. raised its position in shares of Mettler-Toledo International, Inc. (NYSE:MTD – Free Report) by 3.3% in the fourth quarter, Holdings Channel reports. The firm owned 16,075 shares of the medical instruments supplier’s stock after acquiring an additional 519 shares during the quarter. Mettler-Toledo International accounts for 0.9% of Logan Capital Management Inc.’s holdings, making the stock its 22nd biggest holding. Logan Capital Management Inc.’s holdings in Mettler-Toledo International were worth $22,412,000 as of its most recent SEC filing.
A number of other institutional investors have also recently made changes to their positions in the company. Elyxium Wealth LLC bought a new position in Mettler-Toledo International in the 4th quarter valued at approximately $29,000. Quantbot Technologies LP purchased a new stake in Mettler-Toledo International during the 3rd quarter valued at $49,000. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in Mettler-Toledo International during the 4th quarter valued at $56,000. State of Wyoming purchased a new stake in Mettler-Toledo International during the 2nd quarter valued at $58,000. Finally, Kelleher Financial Advisors purchased a new stake in Mettler-Toledo International during the 3rd quarter valued at $61,000. Hedge funds and other institutional investors own 95.07% of the company’s stock.
Analyst Upgrades and Downgrades
Several brokerages have commented on MTD. Citigroup cut their target price on Mettler-Toledo International from $1,700.00 to $1,550.00 and set a “buy” rating on the stock in a research note on Friday, May 8th. Jefferies Financial Group upgraded Mettler-Toledo International from a “hold” rating to a “buy” rating and increased their target price for the company from $1,400.00 to $1,450.00 in a research note on Friday, March 20th. JPMorgan Chase & Co. cut their target price on Mettler-Toledo International from $1,413.00 to $1,200.00 and set a “neutral” rating on the stock in a research note on Monday, May 11th. Morgan Stanley cut their target price on Mettler-Toledo International from $1,475.00 to $1,275.00 and set an “equal weight” rating on the stock in a research note on Tuesday, May 12th. Finally, Barclays reduced their price target on shares of Mettler-Toledo International from $1,550.00 to $1,500.00 and set an “overweight” rating for the company in a research note on Tuesday, April 14th. Six investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $1,408.55.
Mettler-Toledo International Stock Up 0.5%
Shares of MTD stock opened at $1,138.75 on Friday. The company has a 50 day moving average price of $1,206.79 and a 200-day moving average price of $1,315.01. Mettler-Toledo International, Inc. has a 52 week low of $1,023.05 and a 52 week high of $1,525.17. The firm has a market capitalization of $23.01 billion, a PE ratio of 26.71, a P/E/G ratio of 2.36 and a beta of 1.27.
Mettler-Toledo International (NYSE:MTD – Get Free Report) last announced its quarterly earnings results on Thursday, May 7th. The medical instruments supplier reported $8.91 EPS for the quarter, topping analysts’ consensus estimates of $8.70 by $0.21. Mettler-Toledo International had a net margin of 21.40% and a negative return on equity of 622.80%. The firm had revenue of $947.13 million during the quarter, compared to analyst estimates of $943.14 million. During the same period in the previous year, the business posted $8.19 earnings per share. The business’s revenue for the quarter was up 7.2% on a year-over-year basis. Mettler-Toledo International has set its FY 2026 guidance at 46.300-46.950 EPS and its Q2 2026 guidance at 10.700-10.850 EPS. Analysts anticipate that Mettler-Toledo International, Inc. will post 46.6 earnings per share for the current year.
About Mettler-Toledo International
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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