iA Global Asset Management Inc. acquired a new position in shares of Mettler-Toledo International, Inc. (NYSE:MTD – Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 481 shares of the medical instruments supplier’s stock, valued at approximately $671,000.
Several other hedge funds and other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. lifted its position in shares of Mettler-Toledo International by 1.3% during the 3rd quarter. Vanguard Group Inc. now owns 2,591,173 shares of the medical instruments supplier’s stock worth $3,180,950,000 after buying an additional 34,466 shares during the period. Capital International Investors raised its position in Mettler-Toledo International by 1.2% in the 3rd quarter. Capital International Investors now owns 859,559 shares of the medical instruments supplier’s stock valued at $1,055,203,000 after purchasing an additional 10,395 shares during the last quarter. Alliancebernstein L.P. raised its position in Mettler-Toledo International by 10.7% in the 3rd quarter. Alliancebernstein L.P. now owns 793,927 shares of the medical instruments supplier’s stock valued at $974,633,000 after purchasing an additional 76,478 shares during the last quarter. Principal Financial Group Inc. raised its position in Mettler-Toledo International by 2.9% in the 3rd quarter. Principal Financial Group Inc. now owns 298,429 shares of the medical instruments supplier’s stock valued at $366,354,000 after purchasing an additional 8,360 shares during the last quarter. Finally, Franklin Resources Inc. raised its position in Mettler-Toledo International by 7.5% in the 3rd quarter. Franklin Resources Inc. now owns 294,900 shares of the medical instruments supplier’s stock valued at $362,022,000 after purchasing an additional 20,668 shares during the last quarter. Institutional investors own 95.07% of the company’s stock.
Mettler-Toledo International Stock Up 4.4%
NYSE:MTD opened at $1,076.69 on Tuesday. Mettler-Toledo International, Inc. has a 12-month low of $1,023.05 and a 12-month high of $1,525.17. The firm has a market capitalization of $21.76 billion, a P/E ratio of 25.25, a P/E/G ratio of 2.15 and a beta of 1.31. The stock’s fifty day simple moving average is $1,239.30 and its 200-day simple moving average is $1,350.99.
Wall Street Analyst Weigh In
Several equities analysts have issued reports on the company. JPMorgan Chase & Co. cut 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 report on Monday, May 11th. Stifel Nicolaus cut their price objective on Mettler-Toledo International from $1,600.00 to $1,400.00 and set a “buy” rating for the company in a research report on Monday. Citigroup cut their price objective on Mettler-Toledo International from $1,700.00 to $1,550.00 and set a “buy” rating for the company in a research report on Friday, May 8th. Robert W. Baird cut their price objective on Mettler-Toledo International from $1,445.00 to $1,194.00 and set a “neutral” rating for the company in a research report on Monday, May 11th. Finally, Morgan Stanley dropped 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 report on Tuesday, May 12th. Seven equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, Mettler-Toledo International currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,403.67.
Get Our Latest Research Report on MTD
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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