Cibc World Market Inc. trimmed its stake in shares of Mettler-Toledo International, Inc. (NYSE:MTD – Free Report) by 45.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,854 shares of the medical instruments supplier’s stock after selling 1,565 shares during the quarter. Cibc World Market Inc.’s holdings in Mettler-Toledo International were worth $2,585,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds also recently added to or reduced their stakes in the company. Elyxium Wealth LLC acquired a new stake in Mettler-Toledo International during the 4th quarter worth approximately $29,000. Quantbot Technologies LP acquired a new stake in shares of Mettler-Toledo International in the 3rd quarter valued at approximately $49,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Mettler-Toledo International in the 4th quarter valued at approximately $56,000. State of Wyoming acquired a new stake in shares of Mettler-Toledo International in the 2nd quarter valued at approximately $58,000. Finally, Kelleher Financial Advisors acquired a new stake in shares of Mettler-Toledo International in the 3rd quarter valued at approximately $61,000. 95.07% of the stock is owned by institutional investors and hedge funds.
Mettler-Toledo International Stock Performance
Mettler-Toledo International stock opened at $1,139.04 on Tuesday. The stock has a fifty day moving average of $1,212.95 and a two-hundred day moving average of $1,320.79. The company has a market capitalization of $23.02 billion, a price-to-earnings ratio of 26.71, a PEG ratio of 2.41 and a beta of 1.27. Mettler-Toledo International, Inc. has a fifty-two week low of $1,023.05 and a fifty-two week high of $1,525.17.
Wall Street Analyst Weigh In
MTD has been the subject of several recent analyst reports. Stifel Nicolaus reduced their price target on 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. Wall Street Zen cut 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 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. Wolfe Research initiated coverage on Mettler-Toledo International in a report on Tuesday, June 2nd. They issued a “peer perform” rating for the company. Finally, JPMorgan Chase & Co. reduced their price target on 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. Six analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $1,408.55.
Check Out 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.
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