Eurizon Capital SGR S.p.A. acquired a new stake in Mettler-Toledo International, Inc. (NYSE:MTD – Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 20,011 shares of the medical instruments supplier’s stock, valued at approximately $27,905,000.
Several other institutional investors have also added to or reduced their stakes in the stock. Fideuram Asset Management Ireland dac bought a new stake in Mettler-Toledo International in the 4th quarter valued at $312,000. National Pension Service lifted its position in Mettler-Toledo International by 3.0% in the 4th quarter. National Pension Service now owns 40,720 shares of the medical instruments supplier’s stock valued at $56,771,000 after acquiring an additional 1,201 shares in the last quarter. Garde Capital Inc. bought a new stake in Mettler-Toledo International in the 4th quarter valued at $209,000. Huntington National Bank lifted its position in Mettler-Toledo International by 38.9% in the 4th quarter. Huntington National Bank now owns 125 shares of the medical instruments supplier’s stock valued at $174,000 after acquiring an additional 35 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in Mettler-Toledo International by 2.4% in the 4th quarter. Geode Capital Management LLC now owns 597,448 shares of the medical instruments supplier’s stock valued at $830,879,000 after acquiring an additional 14,106 shares in the last quarter. 95.07% of the stock is owned by institutional investors.
Mettler-Toledo International Price Performance
Shares of NYSE:MTD opened at $1,181.99 on Friday. The company’s 50-day moving average price is $1,221.65 and its two-hundred day moving average price is $1,332.06. The stock has a market capitalization of $23.89 billion, a PE ratio of 27.72, a price-to-earnings-growth ratio of 2.46 and a beta of 1.31. Mettler-Toledo International, Inc. has a one year low of $1,023.05 and a one year high of $1,525.17.
Analyst Upgrades and Downgrades
Several research firms recently commented on MTD. Wall Street Zen cut shares of Mettler-Toledo International from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. Barclays cut 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 research report on Tuesday, April 14th. Morgan Stanley cut their price target on shares of 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. JPMorgan Chase & Co. cut 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 research report on Monday, May 11th. Finally, Citigroup cut 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 research report on Friday, May 8th. Six investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, Mettler-Toledo International has an average rating of “Moderate Buy” and an average price target of $1,408.55.
View Our Latest Report on Mettler-Toledo International
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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