Capital International Sarl lifted its position in shares of Mettler-Toledo International, Inc. (NYSE:MTD – Free Report) by 32.2% during the 4th quarter, Holdings Channel.com reports. The fund owned 18,766 shares of the medical instruments supplier’s stock after buying an additional 4,570 shares during the period. Capital International Sarl’s holdings in Mettler-Toledo International were worth $26,163,000 at the end of the most recent reporting period.
Several other institutional investors have also modified their holdings of the company. EverSource Wealth Advisors LLC boosted its stake in shares of Mettler-Toledo International by 2.4% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 294 shares of the medical instruments supplier’s stock worth $361,000 after acquiring an additional 7 shares in the last quarter. Allworth Financial LP raised its position in shares of Mettler-Toledo International by 6.1% during 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 last quarter. Evergreen Capital Management LLC raised its position in shares of Mettler-Toledo International by 4.5% during the 4th quarter. Evergreen Capital Management LLC now owns 184 shares of the medical instruments supplier’s stock worth $257,000 after purchasing an additional 8 shares during the last quarter. Meridian Wealth Management LLC raised its position in shares of Mettler-Toledo International by 1.7% during the 4th 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. Finally, Verdence Capital Advisors LLC raised its position in shares of Mettler-Toledo International by 2.0% during the 4th quarter. Verdence Capital Advisors LLC now owns 458 shares of the medical instruments supplier’s stock worth $639,000 after purchasing an additional 9 shares during the last quarter. Hedge funds and other institutional investors own 95.07% of the company’s stock.
Mettler-Toledo International Stock Performance
Shares of MTD opened at $1,153.99 on Friday. The stock has a fifty day moving average of $1,215.48 and a two-hundred day moving average of $1,323.08. The company has a market capitalization of $23.32 billion, a PE ratio of 27.06, a price-to-earnings-growth ratio of 2.41 and a beta of 1.27. Mettler-Toledo International, Inc. has a fifty-two week low of $1,023.05 and a fifty-two week high of $1,525.17.
Wall Street Analysts Forecast Growth
MTD has been the subject of several research reports. Robert W. Baird cut their price objective on Mettler-Toledo International from $1,445.00 to $1,194.00 and set a “neutral” rating for the company in a research report on Monday, May 11th. Wolfe Research initiated coverage on Mettler-Toledo International in a research report on Tuesday, June 2nd. They set a “peer perform” rating for the company. Barclays cut their price objective on Mettler-Toledo International from $1,550.00 to $1,500.00 and set an “overweight” rating for the company in a research report on Tuesday, April 14th. Stifel Nicolaus cut their price objective on Mettler-Toledo International from $1,600.00 to $1,400.00 and set a “buy” rating for the company in a research report on Monday, May 18th. Finally, Morgan Stanley cut their price objective on Mettler-Toledo International from $1,475.00 to $1,275.00 and set an “equal weight” rating for the company in a research report on Tuesday, May 12th. Six investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $1,408.55.
Get 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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