SG Americas Securities LLC grew its holdings in Mettler-Toledo International, Inc. (NYSE:MTD – Free Report) by 379.3% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 28,393 shares of the medical instruments supplier’s stock after acquiring an additional 22,469 shares during the quarter. SG Americas Securities LLC owned 0.14% of Mettler-Toledo International worth $35,809,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds have also bought and sold shares of MTD. EverSource Wealth Advisors LLC raised its stake in Mettler-Toledo International by 2.4% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 294 shares of the medical instruments supplier’s stock valued at $361,000 after purchasing an additional 7 shares during the last quarter. Allworth Financial LP grew its position in Mettler-Toledo International by 6.1% in the 3rd quarter. Allworth Financial LP now owns 121 shares of the medical instruments supplier’s stock worth $149,000 after purchasing an additional 7 shares during the last quarter. Evergreen Capital Management LLC grew its position in Mettler-Toledo International by 4.5% in the 4th quarter. Evergreen Capital Management LLC now owns 184 shares of the medical instruments supplier’s stock worth $257,000 after purchasing an additional 8 shares during the last quarter. Meridian Wealth Management LLC increased its holdings in shares of Mettler-Toledo International by 1.7% during the 4th quarter. Meridian Wealth Management LLC now owns 488 shares of the medical instruments supplier’s stock worth $680,000 after purchasing an additional 8 shares during the period. Finally, Verdence Capital Advisors LLC raised its position in shares of Mettler-Toledo International by 2.0% during the fourth quarter. Verdence Capital Advisors LLC now owns 458 shares of the medical instruments supplier’s stock valued at $639,000 after buying an additional 9 shares during the last quarter. Institutional investors own 95.07% of the company’s stock.
Mettler-Toledo International Stock Down 0.7%
NYSE:MTD opened at $1,155.62 on Wednesday. The firm has a market cap of $23.36 billion, a PE ratio of 27.10, a price-to-earnings-growth ratio of 2.43 and a beta of 1.27. Mettler-Toledo International, Inc. has a 12 month low of $1,023.05 and a 12 month high of $1,525.17. The company’s 50-day moving average price is $1,184.09 and its two-hundred day moving average price is $1,296.70.
Wall Street Analyst Weigh In
Several research firms recently weighed in on MTD. Stifel Nicolaus reduced their target price 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. Barclays lowered 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 note on Tuesday, April 14th. Wolfe Research initiated coverage on Mettler-Toledo International in a research report on Tuesday, June 2nd. They issued a “peer perform” rating for the company. Jefferies Financial Group raised Mettler-Toledo International from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $1,400.00 to $1,450.00 in a report on Friday, March 20th. Finally, Wall Street Zen cut Mettler-Toledo International from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. Six equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $1,408.55.
Check Out Our Latest Report on Mettler-Toledo International
About Mettler-Toledo International
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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