Epoch Investment Partners Inc. lessened its stake in Mettler-Toledo International, Inc. (NYSE:MTD – Free Report) by 13.8% in the first quarter, HoldingsChannel reports. The fund owned 93,270 shares of the medical instruments supplier’s stock after selling 14,921 shares during the period. Epoch Investment Partners Inc.’s holdings in Mettler-Toledo International were worth $117,632,000 at the end of the most recent quarter.
Several other institutional investors also recently bought and sold shares of MTD. Allworth Financial LP increased its stake in Mettler-Toledo International by 6.1% in the 3rd quarter. Allworth Financial LP now owns 121 shares of the medical instruments supplier’s stock worth $149,000 after purchasing an additional 7 shares during the period. Evergreen Capital Management LLC boosted its stake in shares of Mettler-Toledo International by 4.5% during the fourth quarter. Evergreen Capital Management LLC now owns 184 shares of the medical instruments supplier’s stock valued at $257,000 after purchasing an additional 8 shares during the period. Meridian Wealth Management LLC grew its holdings in shares of Mettler-Toledo International by 1.7% in the fourth quarter. Meridian Wealth Management LLC now owns 488 shares of the medical instruments supplier’s stock worth $680,000 after purchasing an additional 8 shares during the last quarter. EverSource Wealth Advisors LLC increased its stake in shares of Mettler-Toledo International by 2.7% in the fourth quarter. EverSource Wealth Advisors LLC now owns 302 shares of the medical instruments supplier’s stock worth $421,000 after buying an additional 8 shares during the period. Finally, Values First Advisors Inc. increased its stake in shares of Mettler-Toledo International by 1.3% in the first quarter. Values First Advisors Inc. now owns 625 shares of the medical instruments supplier’s stock worth $789,000 after buying an additional 8 shares during the period. 95.07% of the stock is currently owned by hedge funds and other institutional investors.
Mettler-Toledo International Trading Down 0.2%
Shares of MTD opened at $1,328.82 on Friday. Mettler-Toledo International, Inc. has a 1-year low of $1,023.05 and a 1-year high of $1,525.17. The firm’s 50-day moving average price is $1,207.11 and its 200-day moving average price is $1,279.07. The firm has a market capitalization of $26.86 billion, a price-to-earnings ratio of 31.16, a PEG ratio of 2.78 and a beta of 1.24.
Wall Street Analysts Forecast Growth
Several equities research analysts have weighed in on MTD shares. Wolfe Research began coverage on shares of Mettler-Toledo International in a research report on Tuesday, June 2nd. They set a “peer perform” rating for the company. Weiss Ratings downgraded shares of Mettler-Toledo International from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday. 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. Robert W. Baird reduced their price target on Mettler-Toledo International from $1,445.00 to $1,194.00 and set a “neutral” rating on the stock in a report on Monday, May 11th. Finally, Wall Street Zen lowered Mettler-Toledo International from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. Six analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $1,408.55.
View Our Latest Analysis on MTD
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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