Epoch Investment Partners Inc. cut its stake in shares of Mettler-Toledo International, Inc. (NYSE:MTD – Free Report) by 7.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 108,191 shares of the medical instruments supplier’s stock after selling 8,759 shares during the period. Epoch Investment Partners Inc. owned approximately 0.53% of Mettler-Toledo International worth $150,839,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently modified their holdings of the stock. EverSource Wealth Advisors LLC raised its position in shares of Mettler-Toledo International by 2.4% during the third quarter. EverSource Wealth Advisors LLC now owns 294 shares of the medical instruments supplier’s stock worth $361,000 after purchasing an additional 7 shares during the period. Allworth Financial LP raised its position in shares of Mettler-Toledo International by 6.1% during the third quarter. Allworth Financial LP now owns 121 shares of the medical instruments supplier’s stock worth $149,000 after purchasing an additional 7 shares during the period. Evergreen Capital Management LLC raised its position 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 worth $257,000 after purchasing an additional 8 shares during the period. Meridian Wealth Management LLC raised its position in shares of Mettler-Toledo International by 1.7% during 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 period. Finally, Verdence Capital Advisors LLC raised its position in shares of Mettler-Toledo International by 2.0% during the fourth quarter. Verdence Capital Advisors LLC now owns 458 shares of the medical instruments supplier’s stock worth $639,000 after purchasing an additional 9 shares during the period. 95.07% of the stock is owned by institutional investors and hedge funds.
Mettler-Toledo International Stock Performance
MTD stock opened at $1,129.89 on Friday. The stock has a market cap of $22.84 billion, a P/E ratio of 26.50, a P/E/G ratio of 2.36 and a beta of 1.27. The firm has a 50 day simple moving average of $1,203.88 and a 200 day simple moving average of $1,313.71. Mettler-Toledo International, Inc. has a 52 week low of $1,023.05 and a 52 week high of $1,525.17.
Analysts Set New Price Targets
A number of equities research analysts have recently issued reports on MTD shares. Wall Street Zen lowered Mettler-Toledo International from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. Wolfe Research started coverage on Mettler-Toledo International in a research report on Tuesday, June 2nd. They set a “peer perform” rating on the stock. Morgan Stanley cut their target price on Mettler-Toledo International from $1,475.00 to $1,275.00 and set an “equal weight” rating on the stock in a research report on Tuesday, May 12th. Stifel Nicolaus dropped 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 report on Monday, May 18th. Finally, JPMorgan Chase & Co. reduced their price objective 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. Six equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Mettler-Toledo International presently has an average rating of “Hold” and a consensus price target of $1,408.55.
Read 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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