Swedbank AB lifted its position in shares of Mettler-Toledo International, Inc. (NYSE:MTD – Free Report) by 15.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 22,705 shares of the medical instruments supplier’s stock after buying an additional 3,020 shares during the quarter. Swedbank AB owned approximately 0.11% of Mettler-Toledo International worth $31,655,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Catalyst Funds Management Pty Ltd bought a new position in shares of Mettler-Toledo International during the 4th quarter worth $600,000. Life Cycle Investment Partners Ltd bought a new position in shares of Mettler-Toledo International during the 4th quarter worth $47,206,000. Jefferies Financial Group Inc. boosted its position in Mettler-Toledo International by 257.4% during the fourth quarter. Jefferies Financial Group Inc. now owns 6,912 shares of the medical instruments supplier’s stock valued at $9,637,000 after purchasing an additional 4,978 shares in the last quarter. EverSource Wealth Advisors LLC boosted its position in Mettler-Toledo International by 2.7% during the fourth quarter. EverSource Wealth Advisors LLC now owns 302 shares of the medical instruments supplier’s stock valued at $421,000 after purchasing an additional 8 shares in the last quarter. Finally, Evoke Wealth LLC boosted its position in Mettler-Toledo International by 3.3% during the fourth quarter. Evoke Wealth LLC now owns 2,388 shares of the medical instruments supplier’s stock valued at $3,329,000 after purchasing an additional 76 shares in the last quarter. Institutional investors own 95.07% of the company’s stock.
Mettler-Toledo International Stock Up 0.1%
Mettler-Toledo International stock opened at $1,104.63 on Monday. The firm has a market cap of $22.32 billion, a price-to-earnings ratio of 25.91, a price-to-earnings-growth ratio of 2.30 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 business’s 50-day moving average price is $1,227.48 and its 200 day moving average price is $1,342.09.
Wall Street Analysts Forecast Growth
A number of brokerages recently weighed in on MTD. Barclays dropped 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 report on Tuesday, April 14th. 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 report on Friday, May 8th. Robert W. Baird reduced 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 research note on Monday, May 11th. Stifel Nicolaus reduced their price objective on Mettler-Toledo International from $1,600.00 to $1,400.00 and set a “buy” rating for the company in a research note on Monday, May 18th. Finally, Jefferies Financial Group upgraded Mettler-Toledo International from a “hold” rating to a “buy” rating and raised their price objective for the stock from $1,400.00 to $1,450.00 in a research note on Friday, March 20th. 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.com, Mettler-Toledo International presently has an average rating of “Moderate Buy” and an average target price of $1,408.55.
Read Our Latest Research Report on Mettler-Toledo International
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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