Does Mettler-Toledo International (MTD) Have a Strong Growth Trajectory?

ClearBridge Investments, an investment management firm, released its fourth-quarter 2022 “Mid Cap Growth Strategy” investor letter – a copy of which can be downloaded here. The strategy underperformed the Russell Midcap Growth Index in the fourth quarter. It gained across six of the 10 sectors in which it was invested in the quarter. The industrials, health care, and consumer discretionary sectors were the leading contributors while the IT sector was the primary detractor. In addition, please check the fund’s top five holdings to know its best picks in 2022.

ClearBridge Mid Cap Growth Strategy highlighted stocks like Mettler-Toledo International Inc. (NYSE:MTD) in its Q4 2022 investor letter. Based in Columbus, Ohio, Mettler-Toledo International Inc. (NYSE:MTD) is a precision instruments and services manufacturer and supplier. On February 16, 2023, Mettler-Toledo International Inc. (NYSE:MTD) stock closed at $1,534.51 per share. One-month return of Mettler-Toledo International Inc. (NYSE:MTD) was 1.06% and its shares gained 8.28% of their value over the last 52 weeks. Mettler-Toledo International Inc. (NYSE:MTD) has a market capitalization of $33.922 billion.

ClearBridge Mid Cap Growth Strategy made the following comment about Mettler-Toledo International Inc. (NYSE:MTD) in its Q4 2022 investor letter:

“Mettler-Toledo International Inc. (NYSE:MTD), a multinational manufacturer of scales and analytical instruments for use in laboratory, industrial, and food retailing applications, was the portfolio’s top performer. The company’s exceptional management team continues to consistently deliver on its earnings targets, and we feel its sticky market share and pricing power will allow it to continue its strong growth trajectory.”

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Mettler-Toledo International Inc. (NYSE:MTD) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 45 hedge fund portfolios held Mettler-Toledo International Inc. (NYSE:MTD) at the end of the third quarter, which was 39 in the previous quarter.

We discussed Mettler-Toledo International Inc. (NYSE:MTD) in another article and shared Baron Asset Fund’s views on the company. In addition, please check out our hedge fund investor letters Q4 2022 page for more investor letters from hedge funds and other leading investors.

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Disclosure: None. This article is originally published at Insider Monkey.