Healthcare of Ontario Pension Plan Trust Fund decreased its holdings in shares of Mettler-Toledo International, Inc. (NYSE:MTD – Free Report) by 29.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 23,807 shares of the medical instruments supplier’s stock after selling 10,008 shares during the period. Healthcare of Ontario Pension Plan Trust Fund owned approximately 0.12% of Mettler-Toledo International worth $33,191,000 at the end of the most recent quarter.
Several other hedge funds have also made changes to their positions in MTD. Elyxium Wealth LLC acquired a new stake in shares of Mettler-Toledo International during the fourth quarter worth about $29,000. Quantbot Technologies LP purchased a new position in Mettler-Toledo International during the third quarter worth about $49,000. Migdal Insurance & Financial Holdings Ltd. purchased a new position in Mettler-Toledo International during the fourth quarter worth about $56,000. State of Wyoming purchased a new position in Mettler-Toledo International during the second quarter worth about $58,000. Finally, Kelleher Financial Advisors purchased a new position in Mettler-Toledo International during the third quarter worth about $61,000. Institutional investors and hedge funds own 95.07% of the company’s stock.
Mettler-Toledo International Price Performance
Shares of MTD opened at $1,154.42 on Tuesday. The firm has a 50 day simple moving average of $1,201.73 and a 200-day simple moving average of $1,310.13. 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 $23.33 billion, a price-to-earnings ratio of 27.07, a price-to-earnings-growth ratio of 2.36 and a beta of 1.27.
Wall Street Analysts Forecast Growth
Several research firms recently issued reports on MTD. JPMorgan Chase & Co. cut their price target on shares of Mettler-Toledo International from $1,413.00 to $1,200.00 and set a “neutral” rating for the company in a report on Monday, May 11th. Citigroup cut their price target on shares of Mettler-Toledo International from $1,700.00 to $1,550.00 and set a “buy” rating for the company in a report on Friday, May 8th. Stifel Nicolaus cut their price target on shares of Mettler-Toledo International from $1,600.00 to $1,400.00 and set a “buy” rating for the company in a report on Monday, May 18th. Jefferies Financial Group raised shares of Mettler-Toledo International from a “hold” rating to a “buy” rating and increased their price target for the stock from $1,400.00 to $1,450.00 in a report on Friday, March 20th. Finally, Barclays cut their price target on shares of Mettler-Toledo International from $1,550.00 to $1,500.00 and set an “overweight” rating for the company in a report on Tuesday, April 14th. Six research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat, Mettler-Toledo International has an average rating of “Hold” and a consensus price target of $1,408.55.
Get Our Latest Stock Analysis on MTD
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.
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