Thrivent Financial for Lutherans increased its position in Mettler-Toledo International, Inc. (NYSE:MTD – Free Report) by 9.8% in the fourth quarter, HoldingsChannel reports. The firm owned 80,786 shares of the medical instruments supplier’s stock after purchasing an additional 7,200 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Mettler-Toledo International were worth $112,631,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in shares of Mettler-Toledo International by 1.3% in the 3rd quarter. Vanguard Group Inc. now owns 2,591,173 shares of the medical instruments supplier’s stock valued at $3,180,950,000 after purchasing an additional 34,466 shares during the period. Capital International Investors lifted its stake in shares of Mettler-Toledo International by 1.2% in the 3rd quarter. Capital International Investors now owns 859,559 shares of the medical instruments supplier’s stock valued at $1,055,203,000 after purchasing an additional 10,395 shares during the period. Alliancebernstein L.P. raised its stake in Mettler-Toledo International by 10.7% during the third quarter. Alliancebernstein L.P. now owns 793,927 shares of the medical instruments supplier’s stock valued at $974,633,000 after buying an additional 76,478 shares during the last quarter. Principal Financial Group Inc. raised its stake in Mettler-Toledo International by 2.9% during the third quarter. Principal Financial Group Inc. now owns 298,429 shares of the medical instruments supplier’s stock valued at $366,354,000 after buying an additional 8,360 shares during the last quarter. Finally, Franklin Resources Inc. raised its stake in Mettler-Toledo International by 7.5% during the third quarter. Franklin Resources Inc. now owns 294,900 shares of the medical instruments supplier’s stock valued at $362,022,000 after buying an additional 20,668 shares during the last quarter. Hedge funds and other institutional investors own 95.07% of the company’s stock.
Mettler-Toledo International Price Performance
MTD stock opened at $1,042.42 on Friday. Mettler-Toledo International, Inc. has a 1-year low of $1,023.05 and a 1-year high of $1,525.17. The business has a fifty day moving average price of $1,248.06 and a 200-day moving average price of $1,356.03. The stock has a market capitalization of $21.07 billion, a P/E ratio of 24.45, a P/E/G ratio of 2.14 and a beta of 1.31.
Analyst Ratings Changes
A number of research analysts have issued reports on the company. Morgan Stanley lowered their price objective 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. Barclays lowered their price objective 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. Wall Street Zen upgraded Mettler-Toledo International from a “hold” rating to a “buy” rating in a research note on Saturday, February 14th. Robert W. Baird lowered their price objective on 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. Finally, Jefferies Financial Group upgraded Mettler-Toledo International from a “hold” rating to a “buy” rating and lifted their price objective for the company from $1,400.00 to $1,450.00 in a research note on Friday, March 20th. Seven research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, Mettler-Toledo International has a consensus rating of “Moderate Buy” and an average target price of $1,420.33.
Get Our Latest Stock Analysis on MTD
Mettler-Toledo International Company 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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