Life Cycle Investment Partners Ltd bought a new stake in Mettler-Toledo International, Inc. (NYSE:MTD – Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 33,859 shares of the medical instruments supplier’s stock, valued at approximately $47,206,000. Life Cycle Investment Partners Ltd owned approximately 0.17% of Mettler-Toledo International at the end of the most recent reporting period.
Other large investors have also made changes to their positions in the company. Elyxium Wealth LLC purchased a new stake in shares of Mettler-Toledo International in the fourth quarter valued at approximately $29,000. Root Financial Partners LLC purchased a new stake in shares of Mettler-Toledo International in the third quarter valued at approximately $42,000. Quantbot Technologies LP purchased a new stake in shares of Mettler-Toledo International in the third quarter valued at approximately $49,000. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of Mettler-Toledo International in the fourth quarter valued at approximately $56,000. Finally, State of Wyoming purchased a new stake in shares of Mettler-Toledo International in the second quarter valued at approximately $58,000. 95.07% of the stock is currently owned by hedge funds and other institutional investors.
Mettler-Toledo International Stock Performance
Shares of Mettler-Toledo International stock opened at $1,104.63 on Friday. The firm has a market capitalization of $22.32 billion, a price-to-earnings ratio of 25.91, a PEG ratio of 2.30 and a beta of 1.31. Mettler-Toledo International, Inc. has a fifty-two week low of $1,023.05 and a fifty-two week high of $1,525.17. The stock has a 50 day moving average of $1,227.48 and a 200 day moving average of $1,342.55.
Analysts Set New Price Targets
A number of equities research analysts have recently issued reports on MTD shares. Stifel Nicolaus dropped their price target 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, May 18th. Jefferies Financial Group upgraded Mettler-Toledo International from a “hold” rating to a “buy” rating and upped their price target for the company from $1,400.00 to $1,450.00 in a research report on Friday, March 20th. Wall Street Zen lowered Mettler-Toledo International from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. Robert W. Baird dropped their price target 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, Barclays dropped their price target on Mettler-Toledo International from $1,550.00 to $1,500.00 and set an “overweight” rating for the company in a research report on Tuesday, April 14th. Six investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, Mettler-Toledo International currently has an average rating of “Moderate Buy” and an average price target of $1,408.55.
Get Our Latest Stock Analysis on Mettler-Toledo International
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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