Oddo BHF Asset Management Sas raised its stake in shares of Mettler-Toledo International, Inc. (NYSE:MTD – Free Report) by 56.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,572 shares of the medical instruments supplier’s stock after purchasing an additional 1,283 shares during the quarter. Oddo BHF Asset Management Sas’ holdings in Mettler-Toledo International were worth $4,980,000 at the end of the most recent reporting period.
Other hedge funds have also bought and sold shares of the company. Elyxium Wealth LLC acquired a new position in Mettler-Toledo International during the 4th quarter valued at approximately $29,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in Mettler-Toledo International during the 4th quarter valued at approximately $56,000. Quantbot Technologies LP acquired a new position in Mettler-Toledo International during the 3rd quarter valued at approximately $49,000. State of Wyoming acquired a new position in Mettler-Toledo International during the 2nd quarter valued at approximately $58,000. Finally, Kelleher Financial Advisors acquired a new position in Mettler-Toledo International during the 3rd quarter valued at approximately $61,000. Institutional investors and hedge funds own 95.07% of the company’s stock.
Mettler-Toledo International Stock Performance
Shares of NYSE MTD opened at $1,154.42 on Tuesday. The company’s fifty day moving average price is $1,201.73 and its 200 day moving average price is $1,310.13. Mettler-Toledo International, Inc. has a 1 year low of $1,023.05 and a 1 year high of $1,525.17. The company has a market capitalization of $23.33 billion, a PE ratio of 27.07, a price-to-earnings-growth ratio of 2.36 and a beta of 1.27.
Analysts Set New Price Targets
A number of research firms have recently weighed in on MTD. JPMorgan Chase & Co. cut their price objective on shares of 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. Jefferies Financial Group upgraded shares of Mettler-Toledo International from a “hold” rating to a “buy” rating and increased their price objective for the stock from $1,400.00 to $1,450.00 in a research note on Friday, March 20th. Wolfe Research began coverage on shares of Mettler-Toledo International in a research note on Tuesday, June 2nd. They issued a “peer perform” rating on the stock. Citigroup cut their price objective on shares of 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. Finally, Wall Street Zen lowered shares of Mettler-Toledo International from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. Six investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, Mettler-Toledo International presently has a consensus rating of “Hold” and an average price target of $1,408.55.
Read Our Latest Stock Analysis 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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