Life Cycle Investment Partners Ltd purchased a new position in shares of Mettler-Toledo International, Inc. (NYSE:MTD – Free Report) during the fourth quarter, Holdings Channel reports. The fund purchased 33,859 shares of the medical instruments supplier’s stock, valued at approximately $47,206,000.
Other large investors also recently added to or reduced their stakes in the company. Principal Financial Group Inc. lifted its stake in Mettler-Toledo International by 2.9% during the third quarter. Principal Financial Group Inc. now owns 298,429 shares of the medical instruments supplier’s stock worth $366,354,000 after purchasing an additional 8,360 shares in the last quarter. Nordea Investment Management AB lifted its stake in Mettler-Toledo International by 11.9% during the fourth quarter. Nordea Investment Management AB now owns 157,457 shares of the medical instruments supplier’s stock worth $220,718,000 after purchasing an additional 16,777 shares in the last quarter. Machina Capital S.A.S. acquired a new position in Mettler-Toledo International during the third quarter worth $1,186,000. Citigroup Inc. lifted its stake in Mettler-Toledo International by 4.8% during the third quarter. Citigroup Inc. now owns 65,033 shares of the medical instruments supplier’s stock worth $79,835,000 after purchasing an additional 2,989 shares in the last quarter. Finally, AustralianSuper Pty Ltd lifted its stake in Mettler-Toledo International by 7.0% during the third quarter. AustralianSuper Pty Ltd now owns 126,734 shares of the medical instruments supplier’s stock worth $155,580,000 after purchasing an additional 8,333 shares in the last quarter. 95.07% of the stock is currently owned by institutional investors and hedge funds.
Mettler-Toledo International Price Performance
Mettler-Toledo International stock opened at $1,104.63 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 stock has a market cap of $22.32 billion, a PE ratio of 25.91, a P/E/G ratio of 2.30 and a beta of 1.31. The stock’s fifty day moving average is $1,227.48 and its two-hundred day moving average is $1,342.55.
Wall Street Analysts Forecast Growth
MTD has been the topic of a number of research reports. Stifel Nicolaus decreased their price target on Mettler-Toledo International from $1,600.00 to $1,400.00 and set a “buy” rating on the stock in a research note on Monday, May 18th. Morgan Stanley lowered their target price on Mettler-Toledo International from $1,475.00 to $1,275.00 and set an “equal weight” rating for the company in a research note on Tuesday, May 12th. Citigroup lowered their target price on Mettler-Toledo International from $1,700.00 to $1,550.00 and set a “buy” rating for the company in a research note on Friday, May 8th. JPMorgan Chase & Co. lowered their target price on Mettler-Toledo International from $1,413.00 to $1,200.00 and set a “neutral” rating for the company in a research note on Monday, May 11th. Finally, Wall Street Zen cut Mettler-Toledo International from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. Six equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $1,408.55.
Read Our Latest Research Report 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.
Read More
- Five stocks we like better than Mettler-Toledo International
- Workday Validates AI Flywheel: Stock Price Recovery Begins
- HubSpot at 2019 Levels Is an Opportunity—Not a Warning
- Was Decker’s Double Beat a Bullish Signal—Or Mere HOKA’s-Pocus?
- Kiniksa Pharmaceuticals Still Has Room to Run After 100% Rally
Want to see what other hedge funds are holding MTD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mettler-Toledo International, Inc. (NYSE:MTD – Free Report).
Receive News & Ratings for Mettler-Toledo International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mettler-Toledo International and related companies with MarketBeat.com's FREE daily email newsletter.
