Epoch Investment Partners Inc. lowered its position in shares of Mettler-Toledo International, Inc. (NYSE:MTD – Free Report) by 13.8% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 93,270 shares of the medical instruments supplier’s stock after selling 14,921 shares during the quarter. Epoch Investment Partners Inc. owned 0.46% of Mettler-Toledo International worth $117,632,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors also recently modified their holdings of MTD. Geneos Wealth Management Inc. boosted its position in Mettler-Toledo International by 83.3% in the first quarter. Geneos Wealth Management Inc. now owns 66 shares of the medical instruments supplier’s stock worth $78,000 after purchasing an additional 30 shares during the last quarter. Baird Financial Group Inc. boosted its holdings in shares of Mettler-Toledo International by 3.1% in the 2nd quarter. Baird Financial Group Inc. now owns 1,347 shares of the medical instruments supplier’s stock worth $1,582,000 after buying an additional 40 shares during the last quarter. Jump Financial LLC grew its position in Mettler-Toledo International by 44.6% during the second quarter. Jump Financial LLC now owns 405 shares of the medical instruments supplier’s stock valued at $476,000 after buying an additional 125 shares during the period. Cerity Partners LLC increased its holdings in Mettler-Toledo International by 10.8% during the second quarter. Cerity Partners LLC now owns 4,035 shares of the medical instruments supplier’s stock worth $4,740,000 after buying an additional 392 shares during the last quarter. Finally, AXA S.A. raised its position in Mettler-Toledo International by 2.9% in the second quarter. AXA S.A. now owns 4,625 shares of the medical instruments supplier’s stock worth $5,433,000 after acquiring an additional 131 shares during the period. 95.07% of the stock is owned by institutional investors.
Mettler-Toledo International Price Performance
NYSE MTD opened at $1,328.82 on Friday. The company’s 50 day simple moving average is $1,207.11 and its two-hundred day simple moving average is $1,279.07. Mettler-Toledo International, Inc. has a 1 year low of $1,023.05 and a 1 year high of $1,525.17. The stock has a market capitalization of $26.86 billion, a PE ratio of 31.16, a P/E/G ratio of 2.78 and a beta of 1.24.
Analyst Ratings Changes
Several equities research analysts have recently issued reports on MTD shares. Wall Street Zen lowered shares of Mettler-Toledo International from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. Weiss Ratings lowered Mettler-Toledo International from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday. Morgan Stanley cut their price target on Mettler-Toledo International from $1,475.00 to $1,275.00 and set an “equal weight” rating for the company in a research note on Tuesday, May 12th. Barclays lowered their price objective on Mettler-Toledo International from $1,550.00 to $1,500.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 14th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Mettler-Toledo International from $1,413.00 to $1,200.00 and set a “neutral” rating for the company in a research note on Monday, May 11th. Six equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $1,408.55.
Read 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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