Arrowstreet Capital Limited Partnership increased its stake in shares of Mettler-Toledo International, Inc. (NYSE:MTD – Free Report) by 41.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 102,240 shares of the medical instruments supplier’s stock after buying an additional 29,875 shares during the quarter. Arrowstreet Capital Limited Partnership owned about 0.50% of Mettler-Toledo International worth $142,542,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Nordea Investment Management AB lifted its stake in Mettler-Toledo International by 11.9% during the fourth quarter. Nordea Investment Management AB now owns 157,457 shares of the medical instruments supplier’s stock worth $220,718,000 after purchasing an additional 16,777 shares during the last quarter. Pensionfund Sabic bought a new position in Mettler-Toledo International during the 4th quarter worth $1,255,000. Citigroup Inc. grew its holdings in Mettler-Toledo International by 4.8% during the 3rd quarter. Citigroup Inc. now owns 65,033 shares of the medical instruments supplier’s stock worth $79,835,000 after acquiring an additional 2,989 shares during the period. Crossmark Global Holdings Inc. grew its holdings in Mettler-Toledo International by 34.3% during the 4th quarter. Crossmark Global Holdings Inc. now owns 4,150 shares of the medical instruments supplier’s stock worth $5,786,000 after acquiring an additional 1,060 shares during the period. Finally, M&T Bank Corp grew its stake in shares of Mettler-Toledo International by 2,813.6% in the 4th quarter. M&T Bank Corp now owns 124,205 shares of the medical instruments supplier’s stock valued at $173,165,000 after buying an additional 119,942 shares during the period. 95.07% of the stock is currently owned by institutional investors.
Mettler-Toledo International Stock Up 2.0%
Shares of Mettler-Toledo International stock opened at $1,154.42 on Tuesday. Mettler-Toledo International, Inc. has a twelve month low of $1,023.05 and a twelve month high of $1,525.17. The company has a market cap of $23.33 billion, a price-to-earnings ratio of 27.07, a price-to-earnings-growth ratio of 2.36 and a beta of 1.27. The company’s 50 day moving average is $1,201.73 and its 200 day moving average is $1,310.13.
Analyst Ratings Changes
Several equities analysts have commented on MTD shares. Stifel Nicolaus dropped their target price on shares of 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. Wolfe Research began coverage on shares of Mettler-Toledo International in a research note on Tuesday, June 2nd. They issued a “peer perform” rating for the company. 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 research report on Friday, May 8th. Barclays cut their target price on shares of 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, Wall Street Zen downgraded shares of Mettler-Toledo International from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. Six equities research 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.com, Mettler-Toledo International currently has a consensus rating of “Hold” and an average price target of $1,408.55.
Get Our Latest Research Report 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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