Fifth Third Bancorp lifted its position in shares of Mettler-Toledo International, Inc. (NYSE:MTD – Free Report) by 377.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,181 shares of the medical instruments supplier’s stock after purchasing an additional 3,305 shares during the quarter. Fifth Third Bancorp’s holdings in Mettler-Toledo International were worth $5,272,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently made changes to their positions in the company. Nordea Investment Management AB increased its holdings in Mettler-Toledo International by 11.9% during the 4th 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 in the last quarter. M&T Bank Corp raised 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 purchasing an additional 119,942 shares during the period. Pensionfund Sabic bought a new stake in shares of Mettler-Toledo International in the fourth quarter valued at about $1,255,000. Crossmark Global Holdings Inc. lifted its holdings in shares of Mettler-Toledo International by 34.3% in the fourth quarter. Crossmark Global Holdings Inc. now owns 4,150 shares of the medical instruments supplier’s stock valued at $5,786,000 after purchasing an additional 1,060 shares in the last quarter. Finally, Strs Ohio boosted its position in shares of Mettler-Toledo International by 2,594.8% during the fourth quarter. Strs Ohio now owns 13,393 shares of the medical instruments supplier’s stock worth $18,672,000 after buying an additional 12,896 shares during the period. Institutional investors and hedge funds own 95.07% of the company’s stock.
Mettler-Toledo International Stock Down 1.9%
Shares of MTD opened at $1,310.09 on Friday. Mettler-Toledo International, Inc. has a 12-month low of $1,023.05 and a 12-month high of $1,525.17. The business has a 50-day simple moving average of $1,182.01 and a two-hundred day simple moving average of $1,282.74. The stock has a market cap of $26.48 billion, a PE ratio of 30.72, a PEG ratio of 2.79 and a beta of 1.24.
Analyst Upgrades and Downgrades
A number of research analysts recently issued reports on the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Mettler-Toledo International in a report on Tuesday, July 7th. Jefferies Financial Group raised Mettler-Toledo International from a “hold” rating to a “buy” rating and upped their price target for the stock from $1,400.00 to $1,450.00 in a research report on Friday, March 20th. Robert W. Baird lowered their price target on shares of Mettler-Toledo International from $1,445.00 to $1,194.00 and set a “neutral” rating on the stock in a research note on Monday, May 11th. Barclays cut their price target on shares of 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. Finally, Stifel Nicolaus reduced their price objective on shares of Mettler-Toledo International from $1,600.00 to $1,400.00 and set a “buy” rating for the company in a research note on Monday, May 18th. Six equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $1,408.55.
Check Out Our Latest Report 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.
Further Reading
- Five stocks we like better than Mettler-Toledo International
- AST SpaceMobile Stock Sinks as SpaceX Fallout Rattles Space Sector
- Aehr Test Systems Stock Soars on Earnings, Eyes Over 150% Revenue Growth
- TSMC Just Gave AI Chip Bulls Another Reason to Stay Confident
- GE Aerospace Faces a Prove-It Moment in Q2 Earnings
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.
