Kepler Cheuvreux Suisse SA purchased a new stake in Mettler-Toledo International, Inc. (NYSE:MTD – Free Report) in the 4th quarter, Holdings Channel.com reports. The fund purchased 786 shares of the medical instruments supplier’s stock, valued at approximately $1,096,000.
Other large investors also recently made changes to their positions in the company. Geneos Wealth Management Inc. lifted its position in Mettler-Toledo International by 83.3% during the first quarter. Geneos Wealth Management Inc. now owns 66 shares of the medical instruments supplier’s stock worth $78,000 after buying an additional 30 shares during the period. Baird Financial Group Inc. boosted its stake in Mettler-Toledo International by 3.1% in the 2nd quarter. Baird Financial Group Inc. now owns 1,347 shares of the medical instruments supplier’s stock worth $1,582,000 after buying an additional 40 shares during the last quarter. Jump Financial LLC increased its stake in shares of Mettler-Toledo International by 44.6% during the 2nd quarter. Jump Financial LLC now owns 405 shares of the medical instruments supplier’s stock valued at $476,000 after acquiring an additional 125 shares during the last quarter. Cerity Partners LLC increased its stake in shares of Mettler-Toledo International by 10.8% during the 2nd quarter. Cerity Partners LLC now owns 4,035 shares of the medical instruments supplier’s stock valued at $4,740,000 after acquiring an additional 392 shares during the last quarter. Finally, AXA S.A. lifted its holdings in shares of Mettler-Toledo International by 2.9% during the 2nd quarter. AXA S.A. now owns 4,625 shares of the medical instruments supplier’s stock worth $5,433,000 after acquiring an additional 131 shares during the period. Hedge funds and other institutional investors own 95.07% of the company’s stock.
Mettler-Toledo International Stock Down 3.8%
Shares of MTD opened at $1,081.27 on Tuesday. The firm has a market cap of $21.90 billion, a PE ratio of 25.36, a price-to-earnings-growth ratio of 2.36 and a beta of 1.31. The company’s fifty day moving average is $1,265.38 and its two-hundred day moving average is $1,363.86. Mettler-Toledo International, Inc. has a fifty-two week low of $1,078.44 and a fifty-two week high of $1,525.17.
Analyst Ratings Changes
Several equities research analysts recently issued reports on MTD shares. Jefferies Financial Group raised shares of Mettler-Toledo International from a “hold” rating to a “buy” rating and raised their target price for the stock from $1,400.00 to $1,450.00 in a research report on Friday, March 20th. Barclays decreased their price target 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. Robert W. Baird decreased their price target on shares of Mettler-Toledo International from $1,445.00 to $1,194.00 and set a “neutral” rating on the stock in a report on Monday. JPMorgan Chase & Co. decreased their price target 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. Finally, Citigroup decreased their price target 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. Seven investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, Mettler-Toledo International has a consensus rating of “Moderate Buy” and an average price target of $1,437.00.
Check Out Our Latest Stock Analysis on MTD
Key Stories Impacting Mettler-Toledo International
Here are the key news stories impacting Mettler-Toledo International this week:
- Positive Sentiment: Robert W. Baird raised its price target on Mettler-Toledo International to $1,194 from $1,445? Actually, the latest update was a new $1,194 target, which still implies upside from current levels and suggests analysts see value in the stock despite recent weakness. Mettler-Toledo International Given New $1,194.00 Price Target at Robert W. Baird
- Neutral Sentiment: Separate coverage highlighted Mettler-Toledo as trending higher within the Russell 1000 index and Zacks described it as a strong growth stock, which adds a mildly constructive narrative but did not include a material business update. Mettler Toledo Trends Higher Across Russell 1000 Index Signals Here’s Why Mettler-Toledo (MTD) is a Strong Growth Stock
- Neutral Sentiment: Several articles focused on general company review or index-related commentary without adding new operational information, so they are unlikely to move the stock by themselves. Reviewing ADM Tronics Unlimited & Mettler-Toledo International
- Negative Sentiment: JPMorgan Chase and Robert W. Baird both cut their price targets for Mettler-Toledo International to $1,200 and kept neutral ratings, while Citigroup also issued a pessimistic outlook, reinforcing concerns that upside may be limited from current levels. Mettler-Toledo International price target lowered by JPMorgan Chase & Co. Mettler-Toledo International price target lowered by Robert W. Baird Citigroup Issues Pessimistic Forecast for Mettler-Toledo International Stock Price
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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