OP Asset Management Ltd acquired a new stake in shares of Mettler-Toledo International, Inc. (NYSE:MTD – Free Report) in the first quarter, HoldingsChannel.com reports. The institutional investor acquired 2,133 shares of the medical instruments supplier’s stock, valued at approximately $2,690,000.
Other large investors have also modified their holdings of the company. EverSource Wealth Advisors LLC boosted its position in shares of Mettler-Toledo International by 2.4% in the third quarter. EverSource Wealth Advisors LLC now owns 294 shares of the medical instruments supplier’s stock worth $361,000 after acquiring an additional 7 shares during the last quarter. Allworth Financial LP grew its holdings in Mettler-Toledo International by 6.1% in the third quarter. Allworth Financial LP now owns 121 shares of the medical instruments supplier’s stock valued at $149,000 after purchasing an additional 7 shares during the period. Evergreen Capital Management LLC increased its position in Mettler-Toledo International by 4.5% during the fourth quarter. Evergreen Capital Management LLC now owns 184 shares of the medical instruments supplier’s stock worth $257,000 after purchasing an additional 8 shares during the last quarter. Meridian Wealth Management LLC raised its stake in Mettler-Toledo International by 1.7% during the fourth quarter. Meridian Wealth Management LLC now owns 488 shares of the medical instruments supplier’s stock worth $680,000 after purchasing an additional 8 shares during the period. Finally, Values First Advisors Inc. raised its stake in Mettler-Toledo International by 1.3% during the first quarter. Values First Advisors Inc. now owns 625 shares of the medical instruments supplier’s stock worth $789,000 after purchasing an additional 8 shares during the period. 95.07% of the stock is currently owned by hedge funds and other institutional investors.
Mettler-Toledo International Stock Up 1.6%
Shares of MTD stock opened at $1,263.76 on Friday. The stock has a market cap of $25.54 billion, a price-to-earnings ratio of 29.64, a price-to-earnings-growth ratio of 2.64 and a beta of 1.27. Mettler-Toledo International, Inc. has a fifty-two week low of $1,023.05 and a fifty-two week high of $1,525.17. The firm’s 50 day moving average price is $1,178.25 and its two-hundred day moving average price is $1,293.75.
Analyst Upgrades and Downgrades
A number of equities analysts have weighed in on the stock. Jefferies Financial Group upgraded shares of Mettler-Toledo International from a “hold” rating to a “buy” rating and lifted their price target for the company from $1,400.00 to $1,450.00 in a report on Friday, March 20th. Morgan Stanley cut their target price on Mettler-Toledo International from $1,475.00 to $1,275.00 and set an “equal weight” rating on the stock in a research report on Tuesday, May 12th. Wall Street Zen cut Mettler-Toledo International from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. Citigroup reduced their target price on Mettler-Toledo International from $1,700.00 to $1,550.00 and set a “buy” rating on the stock in a report on Friday, May 8th. Finally, Robert W. Baird dropped 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 research note on Monday, May 11th. Six investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat, Mettler-Toledo International has an average rating of “Hold” and an average price target of $1,408.55.
Get Our Latest Research 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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