Edgestream Partners L.P. trimmed its position in Mettler-Toledo International, Inc. (NYSE:MTD – Free Report) by 11.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,834 shares of the medical instruments supplier’s stock after selling 1,039 shares during the quarter. Edgestream Partners L.P.’s holdings in Mettler-Toledo International were worth $9,880,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Reflection Asset Management acquired a new position in Mettler-Toledo International in the 4th quarter worth approximately $26,000. Whipplewood Advisors LLC acquired a new stake in Mettler-Toledo International during the 1st quarter valued at approximately $25,000. Elyxium Wealth LLC acquired a new stake in Mettler-Toledo International during the 4th quarter valued at approximately $29,000. DV Equities LLC purchased a new stake in shares of Mettler-Toledo International in the 4th quarter valued at $40,000. Finally, 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 acquiring an additional 10 shares during the period. Institutional investors and hedge funds own 95.07% of the company’s stock.
Mettler-Toledo International Price Performance
NYSE:MTD opened at $1,391.38 on Thursday. The company has a 50 day moving average price of $1,225.29 and a 200-day moving average price of $1,275.79. Mettler-Toledo International, Inc. has a 1-year low of $1,023.05 and a 1-year high of $1,525.17. The firm has a market cap of $28.12 billion, a price-to-earnings ratio of 32.63, a price-to-earnings-growth ratio of 2.90 and a beta of 1.24.
Wall Street Analysts Forecast Growth
Several research analysts recently issued reports on MTD shares. Stifel Nicolaus reduced their target price on shares of Mettler-Toledo International from $1,600.00 to $1,400.00 and set a “buy” rating for the company in a report on Monday, May 18th. Barclays lowered their price target on shares of Mettler-Toledo International from $1,550.00 to $1,500.00 and set an “overweight” rating on the stock in a report on Tuesday, April 14th. Wolfe Research initiated coverage on Mettler-Toledo International in a research report on Tuesday, June 2nd. They set a “peer perform” rating on the stock. Weiss Ratings lowered Mettler-Toledo International from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, July 21st. 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 investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $1,408.55.
Check Out Our Latest Stock 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.
Recommended Stories
- Five stocks we like better than Mettler-Toledo International
- Why SK hynix Could Be the Best AI Chip Stock to Buy Now
- Seagate Technology Stock Surges as Earnings Beat Silences AI Doubters
- Alphabet Is Down 18% From Its High After a Stellar Quarter—Overdone, or More Downside Ahead?
- Why Bloom Energy May Be the Most Important AI Infrastructure Stock
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.
