Aster Capital Management DIFC Ltd grew its holdings in Mettler-Toledo International, Inc. (NYSE:MTD – Free Report) by 267.0% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 2,279 shares of the medical instruments supplier’s stock after buying an additional 1,658 shares during the period. Mettler-Toledo International accounts for approximately 1.4% of Aster Capital Management DIFC Ltd’s portfolio, making the stock its 10th largest position. Aster Capital Management DIFC Ltd’s holdings in Mettler-Toledo International were worth $3,177,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also made changes to their positions in the company. Elyxium Wealth LLC purchased a new stake in shares of Mettler-Toledo International in the fourth quarter valued at about $29,000. Quantbot Technologies LP purchased a new stake in shares of Mettler-Toledo International in the third quarter valued at about $49,000. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of Mettler-Toledo International in the fourth quarter valued at about $56,000. State of Wyoming purchased a new stake in shares of Mettler-Toledo International in the second quarter valued at about $58,000. Finally, Kelleher Financial Advisors purchased a new stake in shares of Mettler-Toledo International in the third quarter valued at about $61,000. 95.07% of the stock is owned by hedge funds and other institutional investors.
Mettler-Toledo International Trading Up 2.0%
Shares of Mettler-Toledo International stock opened at $1,154.42 on Tuesday. Mettler-Toledo International, Inc. has a 12-month low of $1,023.05 and a 12-month high of $1,525.17. The stock has a market cap of $23.33 billion, a PE ratio of 27.07, a price-to-earnings-growth ratio of 2.36 and a beta of 1.27. The company has a 50-day moving average of $1,201.73 and a two-hundred day moving average of $1,310.13.
Analyst Ratings Changes
MTD has been the subject of a number of research reports. Morgan Stanley reduced their target price on shares of Mettler-Toledo International from $1,475.00 to $1,275.00 and set an “equal weight” rating for the company in a report on Tuesday, May 12th. Citigroup reduced their target price 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. Barclays reduced 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 report on Tuesday, April 14th. JPMorgan Chase & Co. reduced their target price 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. Finally, Jefferies Financial Group raised shares of Mettler-Toledo International from a “hold” rating to a “buy” rating and increased their price target for the stock 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.com, the company presently 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 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.
See Also
- 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
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.
