OMERS ADMINISTRATION Corp raised its holdings in Mettler-Toledo International, Inc. (NYSE:MTD – Free Report) by 34.7% during the 1st quarter, HoldingsChannel.com reports. The fund owned 3,159 shares of the medical instruments supplier’s stock after buying an additional 813 shares during the period. OMERS ADMINISTRATION Corp’s holdings in Mettler-Toledo International were worth $3,984,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Evergreen Capital Management LLC boosted its stake in shares of Mettler-Toledo International by 4.5% during the fourth quarter. Evergreen Capital Management LLC now owns 184 shares of the medical instruments supplier’s stock valued at $257,000 after purchasing an additional 8 shares during the period. Meridian Wealth Management LLC grew its holdings in shares of Mettler-Toledo International by 1.7% in the fourth quarter. Meridian Wealth Management LLC now owns 488 shares of the medical instruments supplier’s stock worth $680,000 after purchasing an additional 8 shares during the last quarter. EverSource Wealth Advisors LLC increased its stake in Mettler-Toledo International by 2.7% in the 4th quarter. EverSource Wealth Advisors LLC now owns 302 shares of the medical instruments supplier’s stock worth $421,000 after buying an additional 8 shares during the period. Values First Advisors Inc. lifted its holdings in Mettler-Toledo International by 1.3% during the 1st quarter. Values First Advisors Inc. now owns 625 shares of the medical instruments supplier’s stock valued at $789,000 after buying an additional 8 shares in the last quarter. Finally, Torray Investment Partners LLC lifted its holdings in Mettler-Toledo International by 0.5% during the 1st quarter. Torray Investment Partners LLC now owns 1,677 shares of the medical instruments supplier’s stock valued at $2,115,000 after buying an additional 8 shares in the last quarter. Hedge funds and other institutional investors own 95.07% of the company’s stock.
Mettler-Toledo International Stock Performance
NYSE MTD opened at $1,335.70 on Tuesday. The company has a market capitalization of $26.99 billion, a price-to-earnings ratio of 31.33, a price-to-earnings-growth ratio of 2.77 and a beta of 1.24. The company’s 50-day simple moving average is $1,212.30 and its two-hundred day simple moving average is $1,276.84. Mettler-Toledo International, Inc. has a one year low of $1,023.05 and a one year high of $1,525.17.
Wall Street Analyst Weigh In
A number of brokerages have commented on MTD. Morgan Stanley dropped their target price 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 note on Tuesday, May 12th. Wall Street Zen downgraded shares of Mettler-Toledo International from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. JPMorgan Chase & Co. lowered their price target on 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. Weiss Ratings downgraded Mettler-Toledo International from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, July 21st. Finally, Citigroup reduced their price objective on 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. Six 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 currently has an average rating of “Hold” and an average price target of $1,408.55.
Get Our Latest Stock Report on Mettler-Toledo International
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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