Fundsmith Investment Services LTD. reduced its position in Mettler-Toledo International, Inc. (NYSE:MTD – Free Report) by 5.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 239,736 shares of the medical instruments supplier’s stock after selling 14,050 shares during the period. Mettler-Toledo International makes up approximately 6.1% of Fundsmith Investment Services LTD.’s holdings, making the stock its 10th largest holding. Fundsmith Investment Services LTD. owned approximately 1.18% of Mettler-Toledo International worth $334,238,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Elyxium Wealth LLC acquired a new position in Mettler-Toledo International during the 4th quarter worth approximately $29,000. Quantbot Technologies LP acquired a new position in Mettler-Toledo International during the 3rd quarter worth approximately $49,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in Mettler-Toledo International during the 4th quarter worth approximately $56,000. State of Wyoming acquired a new position in Mettler-Toledo International during the 2nd quarter worth approximately $58,000. Finally, Kelleher Financial Advisors acquired a new position in Mettler-Toledo International during the 3rd quarter worth approximately $61,000. 95.07% of the stock is owned by institutional investors and hedge funds.
Mettler-Toledo International Stock Performance
MTD opened at $1,152.69 on Wednesday. The company has a market capitalization of $23.30 billion, a P/E ratio of 27.03, a PEG ratio of 2.41 and a beta of 1.27. Mettler-Toledo International, Inc. has a 1-year low of $1,023.05 and a 1-year high of $1,525.17. The company has a 50-day moving average of $1,199.54 and a 200-day moving average of $1,307.79.
Analyst Upgrades and Downgrades
Several equities analysts recently commented on the company. JPMorgan Chase & Co. reduced their price target on Mettler-Toledo International from $1,413.00 to $1,200.00 and set a “neutral” rating on the stock in a research report on Monday, May 11th. Jefferies Financial Group raised Mettler-Toledo International from a “hold” rating to a “buy” rating and boosted their price target for the stock from $1,400.00 to $1,450.00 in a research report on Friday, March 20th. Barclays reduced their price target on Mettler-Toledo International from $1,550.00 to $1,500.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 14th. Morgan Stanley reduced their price target on Mettler-Toledo International from $1,475.00 to $1,275.00 and set an “equal weight” rating on the stock in a research report on Tuesday, May 12th. Finally, Robert W. Baird reduced their price target on Mettler-Toledo International from $1,445.00 to $1,194.00 and set a “neutral” rating on the stock in a research report on Monday, May 11th. Six investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $1,408.55.
View Our Latest Research 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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