Mettler-Toledo International (NYSE:MTD) had its target price cut by Barclays from $680.00 to $640.00 in a research note released on Wednesday morning, BenzingaRatingsTable reports. They currently have an underweight rating on the medical instruments supplier’s stock.
Separately, ValuEngine cut Mettler-Toledo International from a hold rating to a sell rating in a research report on Wednesday, October 2nd. Three investment analysts have rated the stock with a sell rating and two have issued a hold rating to the company’s stock. The company has an average rating of Sell and an average target price of $735.33.
Shares of MTD traded up $15.73 during mid-day trading on Wednesday, reaching $688.10. The company had a trading volume of 170,424 shares, compared to its average volume of 171,040. The company has a debt-to-equity ratio of 2.16, a quick ratio of 0.98 and a current ratio of 1.39. The firm has a 50-day moving average price of $682.68 and a 200 day moving average price of $739.35. Mettler-Toledo International has a 52 week low of $500.74 and a 52 week high of $873.51. The company has a market capitalization of $16.55 billion, a price-to-earnings ratio of 33.86, a price-to-earnings-growth ratio of 2.16 and a beta of 1.37.
Institutional investors and hedge funds have recently modified their holdings of the company. BlackRock Inc. lifted its position in Mettler-Toledo International by 7.4% in the 2nd quarter. BlackRock Inc. now owns 1,858,924 shares of the medical instruments supplier’s stock valued at $1,561,497,000 after acquiring an additional 128,157 shares in the last quarter. Nuveen Asset Management LLC lifted its position in Mettler-Toledo International by 13,959.4% in the 2nd quarter. Nuveen Asset Management LLC now owns 115,709 shares of the medical instruments supplier’s stock valued at $97,195,000 after acquiring an additional 114,886 shares in the last quarter. FMR LLC lifted its position in Mettler-Toledo International by 2.4% in the 1st quarter. FMR LLC now owns 2,370,745 shares of the medical instruments supplier’s stock valued at $1,714,049,000 after acquiring an additional 56,298 shares in the last quarter. WCM Investment Management LLC lifted its position in Mettler-Toledo International by 3.5% in the 2nd quarter. WCM Investment Management LLC now owns 1,548,699 shares of the medical instruments supplier’s stock valued at $1,300,908,000 after acquiring an additional 52,874 shares in the last quarter. Finally, Janus Henderson Group PLC lifted its position in Mettler-Toledo International by 368.6% in the 2nd quarter. Janus Henderson Group PLC now owns 57,644 shares of the medical instruments supplier’s stock valued at $48,416,000 after acquiring an additional 45,343 shares in the last quarter. 98.73% of the stock is currently owned by hedge funds and other institutional investors.
About Mettler-Toledo International
Mettler-Toledo International Inc manufactures and supplies precision instruments and services worldwide. The company operates in five segments: U.S. Operations, Swiss Operations, Western European Operations, Chinese Operations, and Other. It offers weighing instruments for laboratory, industrial, packaging, logistics, and food retailing applications; various related analytical instruments and provides automated chemistry solutions used in drug and chemical compound discovery and development; metal detection and other end-of-line product inspection systems used in production and packaging for food processing and packaging, pharmaceutical, packaged consumer goods, and other industries; and solutions that are used in various process analytics applications.
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