Kepler Cheuvreux Suisse SA increased its position in shares of Mettler-Toledo International, Inc. (NYSE:MTD – Free Report) by 53.8% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,209 shares of the medical instruments supplier’s stock after buying an additional 423 shares during the quarter. Kepler Cheuvreux Suisse SA’s holdings in Mettler-Toledo International were worth $1,525,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in MTD. Reflection Asset Management acquired a new position in shares of Mettler-Toledo International in the fourth quarter valued at $26,000. Elyxium Wealth LLC bought a new position in Mettler-Toledo International in the fourth quarter worth $29,000. Root Financial Partners LLC boosted its stake in Mettler-Toledo International by 45.5% during the first quarter. Root Financial Partners LLC now owns 32 shares of the medical instruments supplier’s stock worth $40,000 after buying an additional 10 shares in the last quarter. DV Equities LLC bought a new stake in Mettler-Toledo International in the 4th quarter valued at $40,000. Finally, Quantbot Technologies LP acquired a new position in shares of Mettler-Toledo International in the 3rd quarter valued at $49,000. 95.07% of the stock is currently owned by institutional investors.
Mettler-Toledo International Price Performance
Shares of MTD opened at $1,307.91 on Friday. The company has a market capitalization of $26.43 billion, a P/E ratio of 30.67, a PEG ratio of 2.73 and a beta of 1.24. Mettler-Toledo International, Inc. has a one year low of $1,023.05 and a one year high of $1,525.17. The business’s 50 day simple moving average is $1,175.53 and its 200-day simple moving average is $1,290.11.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently commented on MTD shares. Wolfe Research began coverage on shares of Mettler-Toledo International in a research report on Tuesday, June 2nd. They set a “peer perform” rating on the stock. Barclays dropped 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. Robert W. Baird cut their price target on shares of Mettler-Toledo International from $1,445.00 to $1,194.00 and set a “neutral” rating for the company in a research note on Monday, May 11th. JPMorgan Chase & Co. decreased their price objective on 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, Stifel Nicolaus dropped their target price on Mettler-Toledo International from $1,600.00 to $1,400.00 and set a “buy” rating for the company in a report on Monday, May 18th. Six analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $1,408.55.
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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