True North Advisors LLC acquired a new position in Mettler-Toledo International, Inc. (NYSE:MTD – Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 491 shares of the medical instruments supplier’s stock, valued at approximately $619,000.
Other large investors have also recently bought and sold shares of the company. SEB Asset Management AB bought a new position in Mettler-Toledo International in the 1st quarter valued at $15,889,000. Swiss National Bank raised its position in shares of Mettler-Toledo International by 6.2% during the first quarter. Swiss National Bank now owns 59,950 shares of the medical instruments supplier’s stock worth $75,609,000 after acquiring an additional 3,500 shares during the last quarter. Mediolanum International Funds Ltd lifted its stake in shares of Mettler-Toledo International by 36.8% during the first quarter. Mediolanum International Funds Ltd now owns 9,951 shares of the medical instruments supplier’s stock valued at $12,418,000 after acquiring an additional 2,676 shares during the period. Kera Capital Partners Inc. lifted its stake in shares of Mettler-Toledo International by 18.5% during the first quarter. Kera Capital Partners Inc. now owns 276 shares of the medical instruments supplier’s stock valued at $348,000 after acquiring an additional 43 shares during the period. Finally, Assetmark Inc. boosted its holdings in Mettler-Toledo International by 3.6% in the first quarter. Assetmark Inc. now owns 797 shares of the medical instruments supplier’s stock valued at $1,005,000 after acquiring an additional 28 shares during the last quarter. Institutional investors and hedge funds own 95.07% of the company’s stock.
Mettler-Toledo International Stock Up 0.0%
MTD opened at $1,310.09 on Monday. The stock has a market cap of $26.48 billion, a P/E ratio of 30.72, a P/E/G ratio of 2.74 and a beta of 1.24. Mettler-Toledo International, Inc. has a 12 month low of $1,023.05 and a 12 month high of $1,525.17. The company has a fifty day simple moving average of $1,182.01 and a 200 day simple moving average of $1,281.77.
Analyst Ratings Changes
A number of analysts recently commented on MTD shares. Barclays lowered 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. Wolfe Research initiated coverage on shares of Mettler-Toledo International in a research report on Tuesday, June 2nd. They set a “peer perform” rating on the stock. Wall Street Zen cut shares of Mettler-Toledo International from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. Weiss Ratings reiterated a “hold (c)” rating on shares of Mettler-Toledo International in a research report on Tuesday, July 7th. Finally, Citigroup dropped 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 research note on Friday, May 8th. Six research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat, Mettler-Toledo International presently has an average rating of “Hold” and an average target price of $1,408.55.
Read 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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