Swiss National Bank lifted its position in shares of Mettler-Toledo International, Inc. (NYSE:MTD – Free Report) by 6.2% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 59,950 shares of the medical instruments supplier’s stock after acquiring an additional 3,500 shares during the quarter. Swiss National Bank’s holdings in Mettler-Toledo International were worth $75,609,000 at the end of the most recent quarter.
Other large investors also recently added to or reduced their stakes in the company. Whipplewood Advisors LLC bought a new stake in Mettler-Toledo International in the 1st quarter valued at about $25,000. Reflection Asset Management bought a new position in Mettler-Toledo International during the fourth quarter worth about $26,000. Elyxium Wealth LLC bought a new position in Mettler-Toledo International during the fourth quarter worth about $29,000. Root Financial Partners LLC increased its stake in shares of Mettler-Toledo International by 45.5% in the first quarter. Root Financial Partners LLC now owns 32 shares of the medical instruments supplier’s stock worth $40,000 after purchasing an additional 10 shares in the last quarter. Finally, DV Equities LLC purchased a new position in shares of Mettler-Toledo International in the fourth quarter worth about $40,000. Hedge funds and other institutional investors own 95.07% of the company’s stock.
Mettler-Toledo International Stock Up 1.7%
Shares of MTD opened at $1,295.52 on Wednesday. The business’s 50-day moving average price is $1,190.31 and its 200-day moving average price is $1,280.08. Mettler-Toledo International, Inc. has a twelve month low of $1,023.05 and a twelve month high of $1,525.17. The stock has a market cap of $26.18 billion, a PE ratio of 30.38, a P/E/G ratio of 2.66 and a beta of 1.24.
Wall Street Analysts Forecast Growth
A number of analysts recently commented on the stock. Wall Street Zen cut shares of Mettler-Toledo International from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. Weiss Ratings reiterated a “hold (c)” rating on shares of Mettler-Toledo International in a research note on Tuesday, July 7th. JPMorgan Chase & Co. lowered their target price on shares of Mettler-Toledo International from $1,413.00 to $1,200.00 and set a “neutral” rating on the stock in a report on Monday, May 11th. Stifel Nicolaus dropped their target price 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, May 18th. Finally, Robert W. Baird cut their price target 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 research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, Mettler-Toledo International currently has an average rating of “Hold” and a consensus target price of $1,408.55.
View 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.
Featured Stories
- Five stocks we like better than Mettler-Toledo International
- Confidence Is Back, But Earnings Show the Consumer Is Being Picky
- AeroVironment’s Stock Is Down, But Drone Demand Is Taking Off
- 3M’s Redemption Arc: Can Q2 Earnings Change the Narrative?
- 3 Photonics Companies Making Quantum Tech Possible
Want to see what other hedge funds are holding MTD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mettler-Toledo International, Inc. (NYSE:MTD – Free Report).
Receive News & Ratings for Mettler-Toledo International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mettler-Toledo International and related companies with MarketBeat.com's FREE daily email newsletter.
