Kepler Cheuvreux Suisse SA acquired a new stake in Mettler-Toledo International, Inc. (NYSE:MTD – Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 786 shares of the medical instruments supplier’s stock, valued at approximately $1,096,000.
Other hedge funds have also recently added to or reduced their stakes in the company. Principal Financial Group Inc. lifted its position in Mettler-Toledo International by 2.9% in the third quarter. Principal Financial Group Inc. now owns 298,429 shares of the medical instruments supplier’s stock valued at $366,354,000 after purchasing an additional 8,360 shares during the period. Nordea Investment Management AB lifted its position in shares of Mettler-Toledo International by 11.9% during the 4th quarter. Nordea Investment Management AB now owns 157,457 shares of the medical instruments supplier’s stock valued at $220,718,000 after acquiring an additional 16,777 shares during the period. Campbell & CO Investment Adviser LLC acquired a new stake in shares of Mettler-Toledo International during the 3rd quarter valued at approximately $2,210,000. Rakuten Investment Management Inc. acquired a new stake in shares of Mettler-Toledo International during the 3rd quarter valued at approximately $121,021,000. Finally, Machina Capital S.A.S. acquired a new stake in shares of Mettler-Toledo International during the 3rd quarter valued at approximately $1,186,000. Institutional investors and hedge funds own 95.07% of the company’s stock.
Mettler-Toledo International Price Performance
Shares of Mettler-Toledo International stock opened at $1,081.27 on Tuesday. Mettler-Toledo International, Inc. has a 1 year low of $1,078.44 and a 1 year high of $1,525.17. The company has a market capitalization of $21.90 billion, a P/E ratio of 25.36, a P/E/G ratio of 2.36 and a beta of 1.31. The business has a 50 day moving average price of $1,265.38 and a 200 day moving average price of $1,363.86.
Analyst Ratings Changes
A number of equities research analysts have recently issued reports on MTD shares. Barclays reduced their price target on shares of 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. Robert W. Baird reduced their price target on shares of 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. JPMorgan Chase & Co. reduced their price target on shares of Mettler-Toledo International from $1,413.00 to $1,200.00 and set a “neutral” rating for the company in a research report on Monday. Wall Street Zen upgraded shares of Mettler-Toledo International from a “hold” rating to a “buy” rating in a research report on Saturday, February 14th. Finally, Citigroup reduced 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 report on Friday. Seven analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $1,437.00.
Get Our Latest Stock Report on MTD
Key Mettler-Toledo International News
Here are the key news stories impacting Mettler-Toledo International this week:
- Positive Sentiment: Robert W. Baird raised its price target on Mettler-Toledo International to $1,194 from $1,445? Actually, the latest update was a new $1,194 target, which still implies upside from current levels and suggests analysts see value in the stock despite recent weakness. Mettler-Toledo International Given New $1,194.00 Price Target at Robert W. Baird
- Neutral Sentiment: Separate coverage highlighted Mettler-Toledo as trending higher within the Russell 1000 index and Zacks described it as a strong growth stock, which adds a mildly constructive narrative but did not include a material business update. Mettler Toledo Trends Higher Across Russell 1000 Index Signals Here’s Why Mettler-Toledo (MTD) is a Strong Growth Stock
- Neutral Sentiment: Several articles focused on general company review or index-related commentary without adding new operational information, so they are unlikely to move the stock by themselves. Reviewing ADM Tronics Unlimited & Mettler-Toledo International
- Negative Sentiment: JPMorgan Chase and Robert W. Baird both cut their price targets for Mettler-Toledo International to $1,200 and kept neutral ratings, while Citigroup also issued a pessimistic outlook, reinforcing concerns that upside may be limited from current levels. Mettler-Toledo International price target lowered by JPMorgan Chase & Co. Mettler-Toledo International price target lowered by Robert W. Baird Citigroup Issues Pessimistic Forecast for Mettler-Toledo International Stock Price
Mettler-Toledo International 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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