Jupiter Asset Management Ltd. decreased its holdings in Mettler-Toledo International, Inc. (NYSE:MTD – Free Report) by 15.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 34,597 shares of the medical instruments supplier’s stock after selling 6,205 shares during the period. Jupiter Asset Management Ltd. owned about 0.17% of Mettler-Toledo International worth $48,235,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds have also made changes to their positions in the business. Elyxium Wealth LLC purchased a new position in Mettler-Toledo International in the 4th quarter worth about $29,000. Quantbot Technologies LP bought a new position in Mettler-Toledo International in the 3rd quarter worth about $49,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in Mettler-Toledo International in the 4th quarter worth about $56,000. State of Wyoming purchased a new position in shares of Mettler-Toledo International during the second quarter worth approximately $58,000. Finally, Kelleher Financial Advisors purchased a new position in shares of Mettler-Toledo International during the third quarter worth approximately $61,000. 95.07% of the stock is currently owned by institutional investors.
Mettler-Toledo International Stock Up 6.6%
Shares of MTD stock opened at $1,166.05 on Friday. The firm has a market cap of $23.57 billion, a price-to-earnings ratio of 27.35, a PEG ratio of 2.28 and a beta of 1.31. Mettler-Toledo International, Inc. has a 52-week low of $1,023.05 and a 52-week high of $1,525.17. The company’s 50 day moving average is $1,221.84 and its 200 day moving average is $1,333.12.
Analyst Ratings Changes
MTD has been the topic of several research analyst reports. Citigroup dropped their price objective on 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. Barclays decreased their target price 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. Wall Street Zen downgraded Mettler-Toledo International from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. Stifel Nicolaus cut their price target on Mettler-Toledo International from $1,600.00 to $1,400.00 and set a “buy” rating on the stock in a research note on Monday, May 18th. Finally, Robert W. Baird decreased 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 report on Monday, May 11th. Six equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, Mettler-Toledo International presently has an average rating of “Moderate Buy” and a consensus price target of $1,408.55.
Check Out Our Latest Stock Report on Mettler-Toledo International
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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