ProShare Advisors LLC grew its stake in shares of Mettler-Toledo International, Inc. (NYSE:MTD – Free Report) by 28.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,683 shares of the medical instruments supplier’s stock after purchasing an additional 1,041 shares during the quarter. ProShare Advisors LLC’s holdings in Mettler-Toledo International were worth $6,529,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Elyxium Wealth LLC purchased a new stake in Mettler-Toledo International in the fourth quarter worth $29,000. Root Financial Partners LLC purchased a new stake in Mettler-Toledo International in the third quarter worth $42,000. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in Mettler-Toledo International in the fourth quarter worth $56,000. Quantbot Technologies LP purchased a new stake in Mettler-Toledo International in the third quarter worth $49,000. Finally, State of Wyoming purchased a new stake in Mettler-Toledo International in the second quarter worth $58,000. Hedge funds and other institutional investors own 95.07% of the company’s stock.
Mettler-Toledo International Trading Up 1.3%
MTD opened at $1,104.63 on Friday. The stock has a fifty day simple moving average of $1,227.48 and a two-hundred day simple moving average of $1,342.55. The company has a market cap of $22.32 billion, a price-to-earnings ratio of 25.91, a price-to-earnings-growth ratio of 2.27 and a beta of 1.31. Mettler-Toledo International, Inc. has a 12-month low of $1,023.05 and a 12-month high of $1,525.17.
Analysts Set New Price Targets
A number of brokerages recently commented on MTD. 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 note on Friday, March 20th. Barclays dropped their price target 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. Morgan Stanley dropped their price target on Mettler-Toledo International from $1,475.00 to $1,275.00 and set an “equal weight” rating for the company in a research note on Tuesday, May 12th. Stifel Nicolaus dropped their price target on 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. Finally, Citigroup dropped 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 research note on Friday, May 8th. Six investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $1,408.55.
Check Out Our Latest Stock Report on Mettler-Toledo International
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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