Andra AP fonden trimmed its holdings in shares of Mettler-Toledo International, Inc. (NYSE:MTD – Free Report) by 78.8% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 4,043 shares of the medical instruments supplier’s stock after selling 14,987 shares during the quarter. Andra AP fonden’s holdings in Mettler-Toledo International were worth $5,099,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. M&T Bank Corp grew its holdings in shares of Mettler-Toledo International by 2,813.6% during the fourth 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 last quarter. Pensionfund Sabic acquired a new stake in shares of Mettler-Toledo International during the 4th quarter worth approximately $1,255,000. Crossmark Global Holdings Inc. lifted its holdings in shares of Mettler-Toledo International by 34.3% in the 4th quarter. Crossmark Global Holdings Inc. now owns 4,150 shares of the medical instruments supplier’s stock worth $5,786,000 after purchasing an additional 1,060 shares during the last quarter. Strs Ohio boosted its position in Mettler-Toledo International by 2,594.8% during the 4th quarter. Strs Ohio now owns 13,393 shares of the medical instruments supplier’s stock valued at $18,672,000 after purchasing an additional 12,896 shares during the period. Finally, Aware Super Pty Ltd as trustee of Aware Super acquired a new position in Mettler-Toledo International during the 1st quarter valued at approximately $26,372,000. Hedge funds and other institutional investors own 95.07% of the company’s stock.
Mettler-Toledo International Stock Down 0.9%
Shares of NYSE MTD opened at $1,286.04 on Thursday. The stock has a market cap of $25.99 billion, a P/E ratio of 30.16, a P/E/G ratio of 2.71 and a beta of 1.24. The firm’s 50-day simple moving average is $1,195.48 and its 200 day simple moving average is $1,279.31. 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
MTD has been the topic of several analyst reports. Wall Street Zen lowered Mettler-Toledo International from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. Weiss Ratings reissued a “hold (c)” rating on shares of Mettler-Toledo International in a report on Tuesday, July 7th. Barclays lowered their price target on shares of Mettler-Toledo International from $1,550.00 to $1,500.00 and set an “overweight” rating for the company in a research report on Tuesday, April 14th. JPMorgan Chase & Co. dropped their price objective on shares of Mettler-Toledo International from $1,413.00 to $1,200.00 and set a “neutral” rating on the stock in a report on Monday, May 11th. Finally, Wolfe Research initiated coverage on shares of Mettler-Toledo International in a research report on Tuesday, June 2nd. They issued a “peer perform” rating on the stock. Six analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $1,408.55.
View Our Latest Research Report on MTD
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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