Louisiana State Employees Retirement System bought a new stake in Mettler-Toledo International, Inc. (NYSE:MTD – Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 1,000 shares of the medical instruments supplier’s stock, valued at approximately $1,261,000.
A number of other institutional investors and hedge funds have also modified their holdings of MTD. Reflection Asset Management bought a new position in Mettler-Toledo International in the fourth quarter valued at approximately $26,000. Elyxium Wealth LLC acquired a new position in shares of Mettler-Toledo International in the 4th quarter valued at $29,000. DV Equities LLC acquired a new position in shares of Mettler-Toledo International in the 4th quarter valued at $40,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of Mettler-Toledo International in the 4th quarter worth $56,000. Finally, Quantbot Technologies LP bought a new position in shares of Mettler-Toledo International in the 3rd quarter worth $49,000. 95.07% of the stock is owned by institutional investors.
Mettler-Toledo International Stock Down 0.0%
Shares of MTD stock opened at $1,307.91 on Friday. Mettler-Toledo International, Inc. has a 12-month low of $1,023.05 and a 12-month high of $1,525.17. The firm has a fifty day moving average of $1,175.53 and a 200-day moving average of $1,290.11. The firm has a market capitalization of $26.43 billion, a price-to-earnings ratio of 30.67, a price-to-earnings-growth ratio of 2.73 and a beta of 1.24.
Wall Street Analyst Weigh In
MTD has been the subject of a number of recent analyst reports. Wall Street Zen downgraded Mettler-Toledo International from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. JPMorgan Chase & Co. reduced their target price on Mettler-Toledo International from $1,413.00 to $1,200.00 and set a “neutral” rating on the stock in a report on Monday, May 11th. Jefferies Financial Group upgraded Mettler-Toledo International from a “hold” rating to a “buy” rating and boosted their target price for the stock from $1,400.00 to $1,450.00 in a research report on Friday, March 20th. Robert W. Baird lowered 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. Finally, Morgan Stanley cut their price target on shares of 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. Six equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $1,408.55.
Check Out Our Latest Report on MTD
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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