SEB Asset Management AB purchased a new position in Mettler-Toledo International, Inc. (NYSE:MTD – Free Report) during the first quarter, Holdings Channel reports. The fund purchased 12,598 shares of the medical instruments supplier’s stock, valued at approximately $15,889,000.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Whipplewood Advisors LLC bought a new stake in shares of Mettler-Toledo International during the 1st quarter worth $25,000. Reflection Asset Management bought a new position in Mettler-Toledo International in the fourth quarter valued at $26,000. Elyxium Wealth LLC purchased a new stake in Mettler-Toledo International during the fourth quarter valued at about $29,000. Root Financial Partners LLC lifted its stake in Mettler-Toledo International by 45.5% during 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 during the last quarter. Finally, DV Equities LLC purchased a new position in shares of Mettler-Toledo International in the 4th quarter worth about $40,000. Hedge funds and other institutional investors own 95.07% of the company’s stock.
Mettler-Toledo International Trading Down 2.8%
Mettler-Toledo International stock opened at $1,273.89 on Tuesday. The firm has a market cap of $25.75 billion, a P/E ratio of 29.88, a P/E/G ratio of 2.74 and a beta of 1.24. 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 50-day moving average of $1,185.87 and a 200-day moving average of $1,280.78.
Wall Street Analyst Weigh In
Several equities analysts have recently commented on MTD shares. Stifel Nicolaus reduced their price objective 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. Wall Street Zen downgraded Mettler-Toledo International from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. JPMorgan Chase & Co. cut their target price on Mettler-Toledo International from $1,413.00 to $1,200.00 and set a “neutral” rating for the company in a research note on Monday, May 11th. Wolfe Research initiated coverage on shares of Mettler-Toledo International in a research report on Tuesday, June 2nd. They set a “peer perform” rating on the stock. Finally, Robert W. Baird decreased their price target on shares of Mettler-Toledo International from $1,445.00 to $1,194.00 and set a “neutral” rating on the stock in a research note on Monday, May 11th. Six research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $1,408.55.
Read Our Latest Stock Report on MTD
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.
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