Mediolanum International Funds Ltd boosted its holdings in Mettler-Toledo International, Inc. (NYSE:MTD – Free Report) by 36.8% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 9,951 shares of the medical instruments supplier’s stock after purchasing an additional 2,676 shares during the quarter. Mediolanum International Funds Ltd’s holdings in Mettler-Toledo International were worth $12,418,000 at the end of the most recent quarter.
Other institutional investors have also recently added to or reduced their stakes in the company. Reflection Asset Management bought a new position in shares of Mettler-Toledo International during the 4th quarter worth approximately $26,000. Whipplewood Advisors LLC acquired a new stake in shares of Mettler-Toledo International during the 1st quarter worth approximately $25,000. Elyxium Wealth LLC bought a new stake in shares of Mettler-Toledo International in the 4th quarter valued at $29,000. DV Equities LLC acquired a new position in shares of Mettler-Toledo International during the 4th quarter valued at $40,000. Finally, Root Financial Partners LLC lifted its position in shares of 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 acquiring an additional 10 shares during the period. 95.07% of the stock is owned by institutional investors and hedge funds.
Mettler-Toledo International Stock Up 0.0%
Shares of MTD opened at $1,310.09 on Monday. Mettler-Toledo International, Inc. has a 12-month low of $1,023.05 and a 12-month high of $1,525.17. The business’s fifty day moving average is $1,182.01 and its 200 day moving average is $1,281.77. 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.
Analyst Ratings Changes
Several brokerages recently issued reports on MTD. Citigroup cut their target price 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. Robert W. Baird dropped their price objective on shares of Mettler-Toledo International from $1,445.00 to $1,194.00 and set a “neutral” rating on the stock in a report on Monday, May 11th. Stifel Nicolaus cut their price objective on shares of Mettler-Toledo International from $1,600.00 to $1,400.00 and set a “buy” rating on the stock in a research report on Monday, May 18th. Wolfe Research began coverage on Mettler-Toledo International in a research note on Tuesday, June 2nd. They issued a “peer perform” rating for the company. Finally, JPMorgan Chase & Co. decreased their target price on 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, May 11th. Six research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $1,408.55.
Check Out Our Latest Analysis on MTD
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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