Silvant Capital Management LLC lifted its position in Mettler-Toledo International, Inc. (NYSE:MTD – Free Report) by 26.9% in the 4th quarter, Holdings Channel.com reports. The fund owned 2,874 shares of the medical instruments supplier’s stock after acquiring an additional 609 shares during the period. Silvant Capital Management LLC’s holdings in Mettler-Toledo International were worth $4,007,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also made changes to their positions in the company. Elyxium Wealth LLC bought a new stake in shares of Mettler-Toledo International in the 4th quarter worth approximately $29,000. Quantbot Technologies LP bought a new stake in Mettler-Toledo International during the 3rd quarter valued at $49,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of Mettler-Toledo International during the 4th quarter valued at $56,000. State of Wyoming acquired a new position in shares of Mettler-Toledo International during the 2nd quarter valued at $58,000. Finally, Kelleher Financial Advisors acquired a new position in shares of Mettler-Toledo International during the 3rd quarter valued at $61,000. Institutional investors own 95.07% of the company’s stock.
Mettler-Toledo International Stock Performance
Shares of MTD opened at $1,154.42 on Tuesday. The firm has a market capitalization of $23.33 billion, a price-to-earnings ratio of 27.07, a PEG ratio of 2.36 and a beta of 1.27. The business’s fifty day moving average price is $1,201.73 and its two-hundred day moving average price is $1,310.13. Mettler-Toledo International, Inc. has a 52 week low of $1,023.05 and a 52 week high of $1,525.17.
Wall Street Analyst Weigh In
A number of equities analysts recently issued reports on the company. JPMorgan Chase & Co. decreased their target price on 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 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 report on Monday, May 18th. Citigroup reduced their price target on Mettler-Toledo International from $1,700.00 to $1,550.00 and set a “buy” rating for the company in a research 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 for the company in a research report on Tuesday, April 14th. Finally, Jefferies Financial Group raised Mettler-Toledo International from a “hold” rating to a “buy” rating and upped their price target for the company from $1,400.00 to $1,450.00 in a report on Friday, March 20th. Six analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $1,408.55.
Get Our Latest Stock Analysis on Mettler-Toledo International
Mettler-Toledo International Company 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
- These 5 Companies Just Made a Massive Bet on Themselves
- 5 Stocks Built to Thrive in a Higher-for-Longer Economy
- RH’s Strong Q1 Still Leaves Investors With One Big Question
- Iran Ceasefire or Not, These 3 Companies Could Win
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.
