Hsbc Holdings PLC increased its holdings in Mettler-Toledo International, Inc. (NYSE:MTD – Free Report) by 9.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 75,775 shares of the medical instruments supplier’s stock after acquiring an additional 6,626 shares during the quarter. Hsbc Holdings PLC owned about 0.37% of Mettler-Toledo International worth $105,595,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors also recently bought and sold shares of MTD. Reflection Asset Management bought a new position in shares of Mettler-Toledo International during the fourth quarter valued at approximately $26,000. Elyxium Wealth LLC bought a new stake in shares of Mettler-Toledo International in the 4th quarter worth approximately $29,000. DV Equities LLC purchased a new stake in shares of Mettler-Toledo International in the 4th quarter worth approximately $40,000. Quantbot Technologies LP purchased a new stake in shares of Mettler-Toledo International in the 3rd quarter worth approximately $49,000. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new position in Mettler-Toledo International during the 4th quarter valued at approximately $56,000. 95.07% of the stock is owned by hedge funds and other institutional investors.
Mettler-Toledo International Stock Performance
Shares of NYSE:MTD opened at $1,145.08 on Monday. The stock’s 50-day simple moving average is $1,190.78 and its two-hundred day simple moving average is $1,300.68. The stock has a market capitalization of $23.14 billion, a price-to-earnings ratio of 26.85, a PEG ratio of 2.39 and a beta of 1.27. Mettler-Toledo International, Inc. has a 52-week low of $1,023.05 and a 52-week high of $1,525.17.
Wall Street Analysts Forecast Growth
MTD has been the subject of a number of recent research reports. Barclays lowered their price objective on Mettler-Toledo International from $1,550.00 to $1,500.00 and set an “overweight” rating for the company in a research note on Tuesday, April 14th. Citigroup reduced their price target on 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. JPMorgan Chase & Co. lowered their price target on Mettler-Toledo International from $1,413.00 to $1,200.00 and set a “neutral” rating for the company in a research report on Monday, May 11th. Jefferies Financial Group upgraded shares of 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 note on Friday, March 20th. Finally, Robert W. Baird cut their price objective 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 report on Monday, May 11th. Six analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $1,408.55.
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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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