Epoch Investment Partners Inc. reduced its position in Mettler-Toledo International, Inc. (NYSE:MTD – Free Report) by 7.5% during the 4th quarter, HoldingsChannel.com reports. The firm owned 108,191 shares of the medical instruments supplier’s stock after selling 8,759 shares during the quarter. Epoch Investment Partners Inc.’s holdings in Mettler-Toledo International were worth $150,839,000 as of its most recent SEC filing.
Other hedge funds also recently bought and sold shares of the company. Elyxium Wealth LLC acquired a new position in Mettler-Toledo International in the 4th quarter worth about $29,000. Quantbot Technologies LP acquired a new position in Mettler-Toledo International in the 3rd quarter worth about $49,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in Mettler-Toledo International in the 4th quarter worth about $56,000. State of Wyoming acquired a new position in Mettler-Toledo International in the 2nd quarter worth about $58,000. Finally, Kelleher Financial Advisors acquired a new position in Mettler-Toledo International in the 3rd quarter worth about $61,000. 95.07% of the stock is owned by institutional investors and hedge funds.
Mettler-Toledo International Stock Performance
Shares of NYSE MTD opened at $1,129.89 on Friday. The firm has a market cap of $22.84 billion, a price-to-earnings ratio of 26.50, a P/E/G ratio of 2.36 and a beta of 1.27. The business’s 50-day simple moving average is $1,203.88 and its 200-day simple moving average is $1,313.71. Mettler-Toledo International, Inc. has a 52 week low of $1,023.05 and a 52 week high of $1,525.17.
Analyst Upgrades and Downgrades
Several research analysts have weighed in on the company. Wolfe Research assumed coverage on Mettler-Toledo International in a research report on Tuesday, June 2nd. They issued a “peer perform” rating on the stock. Stifel Nicolaus dropped their target price on 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. Morgan Stanley lowered their price objective on Mettler-Toledo International from $1,475.00 to $1,275.00 and set an “equal weight” rating on the stock in a report on Tuesday, May 12th. Jefferies Financial Group raised Mettler-Toledo International from a “hold” rating to a “buy” rating and increased their price objective for the company from $1,400.00 to $1,450.00 in a report on Friday, March 20th. Finally, Robert W. Baird lowered their price objective on Mettler-Toledo International from $1,445.00 to $1,194.00 and set a “neutral” rating on the stock in a report on Monday, May 11th. Six analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $1,408.55.
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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