Andra AP fonden lessened its holdings in Mettler-Toledo International, Inc. (NYSE:MTD – Free Report) by 11.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 19,030 shares of the medical instruments supplier’s stock after selling 2,470 shares during the quarter. Andra AP fonden’s holdings in Mettler-Toledo International were worth $26,531,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently made changes to their positions in MTD. Elyxium Wealth LLC acquired a new stake in shares of Mettler-Toledo International in the 4th quarter valued at $29,000. Quantbot Technologies LP acquired a new position in Mettler-Toledo International during the 3rd quarter worth about $49,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in Mettler-Toledo International during the 4th quarter worth about $56,000. State of Wyoming acquired a new position in Mettler-Toledo International during the 2nd quarter worth about $58,000. Finally, Kelleher Financial Advisors acquired a new position in Mettler-Toledo International during the 3rd quarter worth about $61,000. Institutional investors and hedge funds own 95.07% of the company’s stock.
Mettler-Toledo International Trading Up 0.5%
Mettler-Toledo International stock opened at $1,138.75 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 company has a market cap of $23.01 billion, a PE ratio of 26.71, a PEG ratio of 2.36 and a beta of 1.27. The company’s 50-day moving average is $1,206.79 and its two-hundred day moving average is $1,315.01.
Analyst Ratings Changes
Several research analysts recently issued reports on MTD shares. Wolfe Research started coverage on shares of Mettler-Toledo International in a research report on Tuesday, June 2nd. They set a “peer perform” rating on the stock. Stifel Nicolaus reduced their price target on shares of Mettler-Toledo International from $1,600.00 to $1,400.00 and set a “buy” rating on the stock in a research report on Monday, May 18th. Citigroup reduced their price target on shares of Mettler-Toledo International from $1,700.00 to $1,550.00 and set a “buy” rating on the stock in a research report on Friday, May 8th. Jefferies Financial Group upgraded shares of Mettler-Toledo International from a “hold” rating to a “buy” rating and upped their price target for the stock from $1,400.00 to $1,450.00 in a research report on Friday, March 20th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Mettler-Toledo International from $1,413.00 to $1,200.00 and set a “neutral” rating on the stock in a research report on Monday, May 11th. Six analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat, Mettler-Toledo International presently has a consensus rating of “Hold” and a consensus target price of $1,408.55.
Get Our Latest Analysis on Mettler-Toledo International
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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