Capital International Inc. CA boosted its holdings in shares of Mettler-Toledo International, Inc. (NYSE:MTD – Free Report) by 5.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 22,561 shares of the medical instruments supplier’s stock after acquiring an additional 1,243 shares during the period. Capital International Inc. CA owned approximately 0.11% of Mettler-Toledo International worth $31,454,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors also recently modified their holdings of the business. Elyxium Wealth LLC acquired a new stake in shares of Mettler-Toledo International during the fourth quarter worth about $29,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Mettler-Toledo International during the fourth quarter worth about $56,000. Quantbot Technologies LP acquired a new stake in shares of Mettler-Toledo International during the third quarter worth about $49,000. State of Wyoming acquired a new stake in shares of Mettler-Toledo International during the second quarter worth about $58,000. Finally, Kelleher Financial Advisors acquired a new stake in shares of Mettler-Toledo International during the third quarter worth about $61,000. 95.07% of the stock is currently owned by institutional investors.
Mettler-Toledo International Price Performance
MTD stock opened at $1,153.99 on Friday. The stock has a market capitalization of $23.32 billion, a P/E ratio of 27.06, a P/E/G ratio of 2.41 and a beta of 1.27. The business has a 50-day moving average of $1,215.48 and a 200-day moving average of $1,323.08. 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 Analysts Forecast Growth
A number of research firms have recently commented on MTD. Robert W. Baird dropped 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. Citigroup dropped their price target on Mettler-Toledo International from $1,700.00 to $1,550.00 and set a “buy” rating on the stock in a research report on Friday, May 8th. Jefferies Financial Group raised Mettler-Toledo International from a “hold” rating to a “buy” rating and raised their price target for the stock from $1,400.00 to $1,450.00 in a research report on Friday, March 20th. Stifel Nicolaus dropped their price target on 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. Finally, Barclays dropped 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. Six research 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 has an average rating of “Hold” and an average price target of $1,408.55.
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.
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