BNP Paribas Financial Markets increased its holdings in shares of Mettler-Toledo International, Inc. (NYSE:MTD – Free Report) by 11.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,978 shares of the medical instruments supplier’s stock after purchasing an additional 3,941 shares during the period. BNP Paribas Financial Markets’ holdings in Mettler-Toledo International were worth $51,554,000 at the end of the most recent quarter.
A number of other large investors have also bought and sold shares of MTD. Elyxium Wealth LLC acquired a new position in shares of Mettler-Toledo International in the fourth quarter valued at approximately $29,000. Quantbot Technologies LP acquired a new stake in shares of Mettler-Toledo International during the third quarter worth $49,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Mettler-Toledo International during the fourth quarter worth $56,000. State of Wyoming bought a new stake in Mettler-Toledo International in the 2nd quarter valued at $58,000. Finally, Kelleher Financial Advisors bought a new stake in Mettler-Toledo International in the 3rd quarter valued at $61,000. 95.07% of the stock is owned by institutional investors.
Mettler-Toledo International Stock Performance
NYSE:MTD opened at $1,170.40 on Wednesday. Mettler-Toledo International, Inc. has a 52-week low of $1,023.05 and a 52-week high of $1,525.17. The company has a market cap of $23.65 billion, a P/E ratio of 27.45, a P/E/G ratio of 2.47 and a beta of 1.27. The stock’s 50-day simple moving average is $1,221.54 and its 200 day simple moving average is $1,329.50.
Analysts Set New Price Targets
Several research firms have issued reports on MTD. Citigroup dropped their price target 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. JPMorgan Chase & Co. reduced their price objective 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. Jefferies Financial Group upgraded 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 report on Friday, March 20th. Wall Street Zen cut Mettler-Toledo International from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. Finally, Stifel Nicolaus reduced their price target on Mettler-Toledo International from $1,600.00 to $1,400.00 and set a “buy” rating for the company in a research report on Monday, May 18th. Six analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat, Mettler-Toledo International has a consensus rating of “Hold” and a consensus target price of $1,408.55.
Read Our Latest Research Report 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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