Logan Capital Management Inc. raised its position in shares of Mettler-Toledo International, Inc. (NYSE:MTD – Free Report) by 3.3% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 16,075 shares of the medical instruments supplier’s stock after buying an additional 519 shares during the period. Mettler-Toledo International comprises about 0.9% of Logan Capital Management Inc.’s investment portfolio, making the stock its 22nd biggest holding. Logan Capital Management Inc. owned approximately 0.08% of Mettler-Toledo International worth $22,412,000 at the end of the most recent reporting period.
Several other institutional investors have also added to or reduced their stakes in MTD. Elyxium Wealth LLC purchased a new stake in Mettler-Toledo International during the 4th quarter valued at $29,000. Quantbot Technologies LP purchased a new stake in Mettler-Toledo International during the 3rd quarter valued at $49,000. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in Mettler-Toledo International during the 4th quarter valued at $56,000. State of Wyoming purchased a new stake in Mettler-Toledo International during the 2nd quarter valued at $58,000. Finally, Kelleher Financial Advisors purchased a new stake in Mettler-Toledo International during the 3rd quarter valued at $61,000. Hedge funds and other institutional investors own 95.07% of the company’s stock.
Mettler-Toledo International Price Performance
Shares of Mettler-Toledo International stock opened at $1,138.75 on Friday. The company has a 50-day moving average of $1,206.79 and a 200 day moving average of $1,315.01. The firm has a market cap of $23.01 billion, a price-to-earnings ratio of 26.71, a PEG ratio of 2.36 and a beta of 1.27. Mettler-Toledo International, Inc. has a 1 year low of $1,023.05 and a 1 year high of $1,525.17.
Wall Street Analysts Forecast Growth
Several equities research analysts have weighed in on MTD shares. Wolfe Research assumed coverage on shares of Mettler-Toledo International in a research report on Tuesday, June 2nd. They set a “peer perform” rating for the company. Jefferies Financial Group raised shares of Mettler-Toledo International from a “hold” rating to a “buy” rating and raised their target price for the stock from $1,400.00 to $1,450.00 in a research report on Friday, March 20th. Barclays dropped their target price on shares of 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. 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 for the company in a research report on Monday, May 11th. Finally, Citigroup dropped their target price on shares of Mettler-Toledo International from $1,700.00 to $1,550.00 and set a “buy” rating for the company in a research report on Friday, May 8th. Six analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $1,408.55.
Get Our Latest Stock Report on MTD
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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