Capital International Ltd. CA raised its holdings in shares of Mettler-Toledo International, Inc. (NYSE:MTD – Free Report) by 30.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,380 shares of the medical instruments supplier’s stock after purchasing an additional 2,410 shares during the period. Capital International Ltd. CA owned about 0.05% of Mettler-Toledo International worth $14,472,000 as of its most recent SEC filing.
Several other institutional investors have also recently added to or reduced their stakes in MTD. Norges Bank bought a new stake in Mettler-Toledo International during the fourth quarter valued at $520,989,000. M&T Bank Corp boosted its holdings in shares of Mettler-Toledo International by 2,813.6% during the fourth quarter. M&T Bank Corp now owns 124,205 shares of the medical instruments supplier’s stock valued at $173,165,000 after acquiring an additional 119,942 shares during the period. Capital International Investors boosted its holdings in shares of Mettler-Toledo International by 12.7% during the fourth quarter. Capital International Investors now owns 969,067 shares of the medical instruments supplier’s stock valued at $1,351,064,000 after acquiring an additional 109,508 shares during the period. Alliancebernstein L.P. boosted its holdings in shares of Mettler-Toledo International by 10.7% during the third quarter. Alliancebernstein L.P. now owns 793,927 shares of the medical instruments supplier’s stock valued at $974,633,000 after acquiring an additional 76,478 shares during the period. Finally, Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Mettler-Toledo International by 39,107.6% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 61,556 shares of the medical instruments supplier’s stock valued at $85,821,000 after acquiring an additional 61,399 shares during the period. Institutional investors own 95.07% of the company’s stock.
Mettler-Toledo International Stock Down 2.2%
MTD stock opened at $1,153.99 on Friday. The company has a market capitalization of $23.32 billion, a P/E ratio of 27.06, a PEG ratio of 2.41 and a beta of 1.27. The company has a 50-day simple moving average of $1,215.48 and a 200 day simple moving average of $1,323.08. Mettler-Toledo International, Inc. has a fifty-two week low of $1,023.05 and a fifty-two week high of $1,525.17.
Analysts Set New Price Targets
MTD has been the subject of several analyst reports. Stifel Nicolaus reduced their price target 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. JPMorgan Chase & Co. reduced their price target on shares of Mettler-Toledo International from $1,413.00 to $1,200.00 and set a “neutral” rating for the company in a report on Monday, May 11th. Wall Street Zen downgraded shares of Mettler-Toledo International from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. Robert W. Baird reduced their price target on shares of 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. Finally, Citigroup reduced their price target on shares of Mettler-Toledo International from $1,700.00 to $1,550.00 and set a “buy” rating for the company in a report on Friday, May 8th. Six research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat.com, Mettler-Toledo International presently has an average rating of “Hold” and a consensus target price of $1,408.55.
View Our Latest Stock 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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