Mar Vista Investment Partners LLC decreased its holdings in shares of Mettler-Toledo International, Inc. (NYSE:MTD – Free Report) by 30.7% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 16,641 shares of the medical instruments supplier’s stock after selling 7,369 shares during the period. Mettler-Toledo International comprises approximately 2.1% of Mar Vista Investment Partners LLC’s holdings, making the stock its 22nd largest position. Mar Vista Investment Partners LLC’s holdings in Mettler-Toledo International were worth $23,201,000 as of its most recent SEC filing.
Other hedge funds have also recently bought and sold shares of the company. Elyxium Wealth LLC bought a new stake in shares of Mettler-Toledo International during the 4th quarter worth $29,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of Mettler-Toledo International in the fourth quarter worth approximately $56,000. Quantbot Technologies LP bought a new position in shares of Mettler-Toledo International in the third quarter worth approximately $49,000. State of Wyoming purchased a new stake in Mettler-Toledo International in the second quarter worth approximately $58,000. Finally, Kelleher Financial Advisors purchased a new stake in shares of Mettler-Toledo International during the third quarter valued at approximately $61,000. 95.07% of the stock is owned by hedge funds and other institutional investors.
Mettler-Toledo International Price Performance
MTD opened at $1,152.69 on Wednesday. The firm has a market cap of $23.30 billion, a P/E ratio of 27.03, a PEG ratio of 2.41 and a beta of 1.27. Mettler-Toledo International, Inc. has a 1-year low of $1,023.05 and a 1-year high of $1,525.17. The company has a 50 day simple moving average of $1,199.54 and a two-hundred day simple moving average of $1,307.79.
Wall Street Analysts Forecast Growth
A number of analysts have recently weighed in on the company. Wolfe Research initiated coverage on Mettler-Toledo International in a research note on Tuesday, June 2nd. They set a “peer perform” rating for the company. Stifel Nicolaus decreased their price objective 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. Wall Street Zen downgraded Mettler-Toledo International from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. Robert W. Baird reduced their price target on Mettler-Toledo International from $1,445.00 to $1,194.00 and set a “neutral” rating for the company in a report on Monday, May 11th. Finally, Morgan Stanley reduced 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 report on Tuesday, May 12th. Six equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $1,408.55.
Check Out Our Latest Stock Analysis on MTD
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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