Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Mettler-Toledo International, Inc. (NYSE:MTD – Free Report) by 39,107.6% in the fourth quarter, HoldingsChannel.com reports. The firm owned 61,556 shares of the medical instruments supplier’s stock after acquiring an additional 61,399 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Mettler-Toledo International were worth $85,821,000 at the end of the most recent quarter.
A number of other hedge funds have also modified their holdings of MTD. Principal Financial Group Inc. lifted its stake in Mettler-Toledo International by 2.9% during 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 acquiring an additional 8,360 shares in the last quarter. Nordea Investment Management AB lifted its position in shares of Mettler-Toledo International by 11.9% during the fourth quarter. Nordea Investment Management AB now owns 157,457 shares of the medical instruments supplier’s stock valued at $220,718,000 after purchasing an additional 16,777 shares in the last quarter. Rakuten Investment Management Inc. purchased a new position in Mettler-Toledo International during the third quarter worth about $121,021,000. Machina Capital S.A.S. purchased a new position in Mettler-Toledo International during the third quarter worth about $1,186,000. Finally, Citigroup Inc. boosted its holdings in Mettler-Toledo International by 4.8% during the third quarter. Citigroup Inc. now owns 65,033 shares of the medical instruments supplier’s stock worth $79,835,000 after purchasing an additional 2,989 shares during the last quarter. 95.07% of the stock is currently owned by hedge funds and other institutional investors.
Mettler-Toledo International Stock Up 0.2%
MTD stock opened at $1,033.79 on Monday. The firm has a market capitalization of $20.89 billion, a PE ratio of 24.24, a PEG ratio of 2.15 and a beta of 1.31. Mettler-Toledo International, Inc. has a twelve month low of $1,023.05 and a twelve month high of $1,525.17. The stock has a 50-day simple moving average of $1,243.02 and a two-hundred day simple moving average of $1,353.31.
Wall Street Analysts Forecast Growth
Several research firms have commented on MTD. JPMorgan Chase & Co. dropped their target price on shares of Mettler-Toledo International from $1,413.00 to $1,200.00 and set a “neutral” rating on the stock in a research report on Monday, May 11th. Robert W. Baird reduced their target price on Mettler-Toledo International from $1,445.00 to $1,194.00 and set a “neutral” rating for the company in a report on Monday, May 11th. Jefferies Financial Group raised Mettler-Toledo International from a “hold” rating to a “buy” rating and upped their target price for the company from $1,400.00 to $1,450.00 in a report on Friday, March 20th. Morgan Stanley reduced 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 report on Tuesday, May 12th. Finally, Wall Street Zen lowered Mettler-Toledo International from a “buy” rating to a “hold” rating in a report on Saturday. Seven investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,420.33.
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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