Healthcare of Ontario Pension Plan Trust Fund boosted its holdings in Mettler-Toledo International, Inc. (NYSE:MTD – Free Report) by 2.0% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 24,278 shares of the medical instruments supplier’s stock after acquiring an additional 471 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Mettler-Toledo International were worth $30,619,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Whipplewood Advisors LLC acquired a new stake in shares of Mettler-Toledo International in the first quarter valued at approximately $25,000. Reflection Asset Management acquired a new position in shares of Mettler-Toledo International during the 4th quarter worth approximately $26,000. Elyxium Wealth LLC purchased a new stake in Mettler-Toledo International in the 4th quarter valued at approximately $29,000. Root Financial Partners LLC grew its holdings in Mettler-Toledo International by 45.5% during the 1st quarter. Root Financial Partners LLC now owns 32 shares of the medical instruments supplier’s stock valued at $40,000 after buying an additional 10 shares during the last quarter. Finally, DV Equities LLC acquired a new stake in Mettler-Toledo International during the 4th quarter valued at $40,000. Institutional investors and hedge funds own 95.07% of the company’s stock.
Mettler-Toledo International Trading Up 0.1%
Shares of MTD stock opened at $1,328.82 on Monday. The company’s fifty day simple moving average is $1,207.11 and its 200-day simple moving average is $1,277.89. Mettler-Toledo International, Inc. has a 52 week low of $1,023.05 and a 52 week high of $1,525.17. The company has a market cap of $26.86 billion, a PE ratio of 31.16, a P/E/G ratio of 2.77 and a beta of 1.24.
Wall Street Analyst Weigh In
A number of research firms recently commented on MTD. Weiss Ratings cut Mettler-Toledo International from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, July 21st. Wolfe Research assumed coverage on shares of Mettler-Toledo International in a report on Tuesday, June 2nd. They issued a “peer perform” rating on the stock. Barclays decreased their price target on shares of Mettler-Toledo International from $1,550.00 to $1,500.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 14th. Citigroup lowered their price target on shares of Mettler-Toledo International from $1,700.00 to $1,550.00 and set a “buy” rating for the company in a report on Friday, May 8th. Finally, Wall Street Zen downgraded shares of Mettler-Toledo International from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. Six equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $1,408.55.
Check Out Our Latest Stock 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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