Welch & Forbes LLC trimmed its position in Mettler-Toledo International, Inc. (NYSE:MTD – Free Report) by 0.9% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 58,807 shares of the medical instruments supplier’s stock after selling 541 shares during the quarter. Welch & Forbes LLC’s holdings in Mettler-Toledo International were worth $74,167,000 at the end of the most recent reporting period.
Other large investors have also recently added to or reduced their stakes in the company. Nordea Investment Management AB boosted its position in shares of Mettler-Toledo International by 11.9% in 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 acquiring an additional 16,777 shares during the period. Pensionfund Sabic bought a new position in Mettler-Toledo International during the fourth quarter worth about $1,255,000. M&T Bank Corp raised its stake in Mettler-Toledo International by 2,813.6% in the 4th quarter. M&T Bank Corp now owns 124,205 shares of the medical instruments supplier’s stock worth $173,165,000 after purchasing an additional 119,942 shares in the last quarter. Crossmark Global Holdings Inc. raised its stake in Mettler-Toledo International by 34.3% in the 4th quarter. Crossmark Global Holdings Inc. now owns 4,150 shares of the medical instruments supplier’s stock worth $5,786,000 after purchasing an additional 1,060 shares in the last quarter. Finally, Strs Ohio boosted its holdings in Mettler-Toledo International by 2,594.8% in the 4th quarter. Strs Ohio now owns 13,393 shares of the medical instruments supplier’s stock valued at $18,672,000 after purchasing an additional 12,896 shares during the period. Institutional investors own 95.07% of the company’s stock.
Mettler-Toledo International Trading Up 0.7%
MTD stock traded up $8.51 during mid-day trading on Friday, hitting $1,296.53. The stock had a trading volume of 106,818 shares, compared to its average volume of 205,615. Mettler-Toledo International, Inc. has a 52 week low of $1,023.05 and a 52 week high of $1,525.17. The firm has a market capitalization of $26.20 billion, a P/E ratio of 30.41, a P/E/G ratio of 2.70 and a beta of 1.24. The firm has a fifty day simple moving average of $1,177.49 and a 200 day simple moving average of $1,286.27.
Wall Street Analyst Weigh In
A number of research analysts have issued reports on the stock. Stifel Nicolaus decreased their target price on shares of 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. Wall Street Zen cut Mettler-Toledo International from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. Jefferies Financial Group raised Mettler-Toledo International from a “hold” rating to a “buy” rating and increased their price target for the stock from $1,400.00 to $1,450.00 in a research report on Friday, March 20th. Weiss Ratings restated a “hold (c)” rating on shares of Mettler-Toledo International in a research note on Tuesday. Finally, Wolfe Research started coverage on Mettler-Toledo International in a report on Tuesday, June 2nd. They issued a “peer perform” rating for the company. Six equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $1,408.55.
Check Out 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.
Further Reading
- Five stocks we like better than Mettler-Toledo International
- 3 Rare-Earth ETFs That Help Investors Balance Exposure and Risk
- Microsoft Bets on In-House AI to Cut OpenAI and Anthropic Costs
- Delta Air Lines Lives Up to Its Claims: Shares Can Keep Climbing
- This Dividend ETF Choice Could Shape Your Income Strategy Through 2026
Want to see what other hedge funds are holding MTD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mettler-Toledo International, Inc. (NYSE:MTD – Free Report).
Receive News & Ratings for Mettler-Toledo International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mettler-Toledo International and related companies with MarketBeat.com's FREE daily email newsletter.
