Hsbc Holdings PLC boosted its stake in shares of Mettler-Toledo International, Inc. (NYSE:MTD – Free Report) by 9.6% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 75,775 shares of the medical instruments supplier’s stock after purchasing an additional 6,626 shares during the period. Hsbc Holdings PLC’s holdings in Mettler-Toledo International were worth $105,595,000 at the end of the most recent quarter.
Several other hedge funds have also bought and sold shares of the stock. Nordea Investment Management AB grew its stake in shares of Mettler-Toledo International by 11.9% during the 4th quarter. Nordea Investment Management AB now owns 157,457 shares of the medical instruments supplier’s stock valued at $220,718,000 after acquiring an additional 16,777 shares during the period. Citigroup Inc. raised its stake in Mettler-Toledo International by 4.8% during the 3rd quarter. Citigroup Inc. now owns 65,033 shares of the medical instruments supplier’s stock worth $79,835,000 after acquiring an additional 2,989 shares during the period. Pensionfund Sabic bought a new stake in Mettler-Toledo International during the 4th quarter worth approximately $1,255,000. M&T Bank Corp lifted its holdings in Mettler-Toledo International by 2,813.6% during the fourth quarter. M&T Bank Corp now owns 124,205 shares of the medical instruments supplier’s stock valued at $173,165,000 after purchasing an additional 119,942 shares in the last quarter. Finally, Crossmark Global Holdings Inc. lifted its holdings in Mettler-Toledo International by 34.3% during the fourth quarter. Crossmark Global Holdings Inc. now owns 4,150 shares of the medical instruments supplier’s stock valued at $5,786,000 after purchasing an additional 1,060 shares in the last quarter. Institutional investors own 95.07% of the company’s stock.
Mettler-Toledo International Stock Up 0.0%
MTD stock opened at $1,145.08 on Monday. 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 $23.14 billion, a P/E ratio of 26.85, a price-to-earnings-growth ratio of 2.39 and a beta of 1.27. The company has a fifty day simple moving average of $1,190.78 and a two-hundred day simple moving average of $1,300.68.
Analyst Ratings Changes
A number of analysts have recently issued reports on MTD shares. Barclays reduced their price objective 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. Morgan Stanley lowered their target price on shares of 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. JPMorgan Chase & Co. dropped their target price on shares of Mettler-Toledo International from $1,413.00 to $1,200.00 and set a “neutral” rating for the company in a report on Monday, May 11th. Robert W. Baird cut their price target on Mettler-Toledo International from $1,445.00 to $1,194.00 and set a “neutral” rating for the company in a research note on Monday, May 11th. Finally, Wolfe Research assumed coverage on Mettler-Toledo International in a report on Tuesday, June 2nd. They set a “peer perform” rating on the stock. Six equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $1,408.55.
Check Out Our Latest Stock Report on Mettler-Toledo International
Mettler-Toledo International Company 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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