Goldman Sachs Group Inc. grew its holdings in Mettler-Toledo International, Inc. (NYSE:MTD – Free Report) by 10.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 227,220 shares of the medical instruments supplier’s stock after purchasing an additional 21,147 shares during the period. Goldman Sachs Group Inc.’s holdings in Mettler-Toledo International were worth $316,788,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently modified their holdings of MTD. Vanguard Group Inc. raised its stake in shares of Mettler-Toledo International by 1.3% during 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 raised its stake in shares of Mettler-Toledo International by 1.2% during 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 shares of Mettler-Toledo International by 10.7% during the 3rd quarter. Alliancebernstein L.P. now owns 793,927 shares of the medical instruments supplier’s stock valued at $974,633,000 after purchasing an additional 76,478 shares during the period. Geode Capital Management LLC raised its stake in shares of Mettler-Toledo International by 2.4% during the 4th quarter. Geode Capital Management LLC now owns 597,448 shares of the medical instruments supplier’s stock valued at $830,879,000 after purchasing an additional 14,106 shares during the period. Finally, Norges Bank bought a new stake in shares of Mettler-Toledo International during the 4th quarter valued at $520,989,000. Institutional investors own 95.07% of the company’s stock.
Mettler-Toledo International Price Performance
Shares of NYSE:MTD opened at $1,153.99 on Friday. The company’s fifty day moving average price is $1,215.48 and its 200-day moving average price is $1,323.08. The firm has a market capitalization of $23.32 billion, a price-to-earnings ratio of 27.06, a PEG ratio of 2.46 and a beta of 1.27. Mettler-Toledo International, Inc. has a one year low of $1,023.05 and a one year high of $1,525.17.
Analyst Ratings Changes
MTD has been the topic of a number of analyst reports. Citigroup decreased their target price on shares of 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. Barclays decreased their target price on shares of Mettler-Toledo International from $1,550.00 to $1,500.00 and set an “overweight” rating on the stock in a report on Tuesday, April 14th. Wall Street Zen lowered shares of Mettler-Toledo International from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. Stifel Nicolaus decreased their target price on shares of Mettler-Toledo International from $1,600.00 to $1,400.00 and set a “buy” rating on the stock in a report on Monday, May 18th. Finally, JPMorgan Chase & Co. decreased their target price on shares of 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. Six equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $1,408.55.
Check Out Our Latest Stock 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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