Tredje AP fonden boosted its position in Mettler-Toledo International, Inc. (NYSE:MTD – Free Report) by 29.4% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 3,115 shares of the medical instruments supplier’s stock after purchasing an additional 708 shares during the period. Tredje AP fonden’s holdings in Mettler-Toledo International were worth $4,343,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently modified their holdings of the business. EverSource Wealth Advisors LLC raised its stake in Mettler-Toledo International by 2.4% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 294 shares of the medical instruments supplier’s stock worth $361,000 after purchasing an additional 7 shares in the last quarter. Allworth Financial LP grew its position in shares of Mettler-Toledo International by 6.1% during the 3rd quarter. Allworth Financial LP now owns 121 shares of the medical instruments supplier’s stock worth $149,000 after purchasing an additional 7 shares in the last quarter. Versant Capital Management Inc increased its holdings in shares of Mettler-Toledo International by 42.1% during the third quarter. Versant Capital Management Inc now owns 27 shares of the medical instruments supplier’s stock worth $33,000 after purchasing an additional 8 shares during the period. Valeo Financial Advisors LLC increased its holdings in shares of Mettler-Toledo International by 4.0% during the third quarter. Valeo Financial Advisors LLC now owns 207 shares of the medical instruments supplier’s stock worth $254,000 after purchasing an additional 8 shares during the period. Finally, Meridian Wealth Management LLC raised its position in shares of Mettler-Toledo International by 1.7% in the third quarter. Meridian Wealth Management LLC now owns 480 shares of the medical instruments supplier’s stock valued at $589,000 after buying an additional 8 shares in the last quarter. Institutional investors own 95.07% of the company’s stock.
Mettler-Toledo International Stock Down 2.1%
MTD stock opened at $1,051.97 on Wednesday. The stock’s 50 day moving average is $1,236.10 and its 200-day moving average is $1,348.57. Mettler-Toledo International, Inc. has a twelve month low of $1,023.05 and a twelve month high of $1,525.17. The firm has a market capitalization of $21.26 billion, a PE ratio of 24.67, a P/E/G ratio of 2.24 and a beta of 1.31.
Analyst Upgrades and Downgrades
MTD has been the topic of a number of analyst reports. Stifel Nicolaus reduced 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 report on Monday. Wall Street Zen downgraded Mettler-Toledo International from a “buy” rating to a “hold” rating in a research report on Saturday. Citigroup decreased their price objective on Mettler-Toledo International from $1,700.00 to $1,550.00 and set a “buy” rating for the company in a report on Friday, May 8th. Barclays cut their price objective on Mettler-Toledo International from $1,550.00 to $1,500.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 14th. Finally, 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 report on Friday, March 20th. Six analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, Mettler-Toledo International presently has an average rating of “Moderate Buy” and an average price target of $1,408.55.
Get 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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