Walleye Trading LLC Invests $236,000 in Mettler-Toledo International, Inc. $MTD

Key Points

• Walleye Trading LLC acquired 200 shares of Mettler-Toledo International, valued at approximately $236,000, marking its entry into a new stake in the company during the 1st quarter.
• Several hedge funds increased their stakes in Mettler-Toledo, with institutional investors currently owning 95.07% of the company's stock.
• Wall Street analysts have varied ratings on Mettler-Toledo, with an average consensus rating of "Moderate Buy" and a price target of $1,311.11.

Walleye Trading LLC acquired a new stake in Mettler-Toledo International, Inc. (NYSE:MTD - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 200 shares of the medical instruments supplier's stock, valued at approximately $236,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. Mercer Global Advisors Inc. ADV grew its holdings in Mettler-Toledo International by 13.2% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 480 shares of the medical instruments supplier's stock valued at $588,000 after buying an additional 56 shares in the last quarter. Algert Global LLC grew its holdings in Mettler-Toledo International by 12.7% in the 4th quarter. Algert Global LLC now owns 3,611 shares of the medical instruments supplier's stock valued at $4,419,000 after buying an additional 406 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in Mettler-Toledo International by 9.8% in the 4th quarter. Ameriprise Financial Inc. now owns 70,935 shares of the medical instruments supplier's stock valued at $86,802,000 after buying an additional 6,312 shares in the last quarter. BNP Paribas Financial Markets grew its holdings in Mettler-Toledo International by 28.1% in the 4th quarter. BNP Paribas Financial Markets now owns 47,295 shares of the medical instruments supplier's stock valued at $57,874,000 after buying an additional 10,388 shares in the last quarter. Finally, BLI Banque de Luxembourg Investments purchased a new stake in Mettler-Toledo International in the 4th quarter valued at $10,867,000. 95.07% of the stock is owned by institutional investors and hedge funds.

Mettler-Toledo International Trading Up 0.8%

Mettler-Toledo International stock traded up $10.09 during midday trading on Thursday, reaching $1,278.69. 40,538 shares of the stock traded hands, compared to its average volume of 171,287. The company has a 50-day simple moving average of $1,246.95 and a two-hundred day simple moving average of $1,186.57. Mettler-Toledo International, Inc. has a 12-month low of $946.69 and a 12-month high of $1,521.01. The firm has a market cap of $26.34 billion, a PE ratio of 32.42, a price-to-earnings-growth ratio of 3.90 and a beta of 1.37.

Mettler-Toledo International (NYSE:MTD - Get Free Report) last announced its earnings results on Thursday, July 31st. The medical instruments supplier reported $10.09 EPS for the quarter, beating analysts' consensus estimates of $9.58 by $0.51. Mettler-Toledo International had a negative return on equity of 476.07% and a net margin of 21.46%.The company had revenue of $983.22 million during the quarter, compared to analysts' expectations of $957.41 million. During the same period last year, the business posted $9.65 EPS. Mettler-Toledo International's revenue for the quarter was up 3.9% on a year-over-year basis. Mettler-Toledo International has set its FY 2025 guidance at 42.100-42.600 EPS. Q3 2025 guidance at 10.550-10.750 EPS. Equities research analysts anticipate that Mettler-Toledo International, Inc. will post 42.71 earnings per share for the current year.

Analysts Set New Price Targets

MTD has been the subject of several analyst reports. Robert W. Baird upped their target price on Mettler-Toledo International from $1,210.00 to $1,230.00 and gave the company a "neutral" rating in a report on Monday, August 4th. Evercore ISI dropped their target price on Mettler-Toledo International from $1,280.00 to $1,275.00 and set an "outperform" rating for the company in a report on Monday, August 4th. UBS Group upgraded Mettler-Toledo International from a "neutral" rating to a "buy" rating and dropped their target price for the company from $1,530.00 to $1,350.00 in a report on Tuesday, May 20th. Barclays initiated coverage on Mettler-Toledo International in a report on Tuesday, June 24th. They issued an "overweight" rating and a $1,325.00 target price for the company. Finally, Bank of America raised their price objective on Mettler-Toledo International from $1,200.00 to $1,260.00 and gave the stock a "neutral" rating in a research report on Thursday, June 26th. Five research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, Mettler-Toledo International has an average rating of "Moderate Buy" and an average price target of $1,311.11.

Insider Activity at Mettler-Toledo International

In other news, Director Thomas P. Salice sold 1,062 shares of Mettler-Toledo International stock in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $1,300.90, for a total value of $1,381,555.80. Following the completion of the transaction, the director owned 283 shares in the company, valued at approximately $368,154.70. This trade represents a 78.96% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Gerry Keller sold 165 shares of Mettler-Toledo International stock in a transaction dated Thursday, August 14th. The shares were sold at an average price of $1,308.64, for a total value of $215,925.60. Following the completion of the transaction, the insider owned 94 shares of the company's stock, valued at $123,012.16. The trade was a 63.71% decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,827 shares of company stock worth $2,371,208 in the last three months. 0.77% of the stock is owned by company insiders.

Mettler-Toledo International Profile

Mettler-Toledo International Inc manufactures and supplies precision instruments and services in the Americas, Europe, Asia, and internationally. It operates through five segments: U.S. Operations, Swiss Operations, Western European Operations, Chinese Operations, and Other. The company's laboratory instruments include laboratory balances, liquid pipetting solutions, automated laboratory reactors, real-time analytics, titrators, pH meters, process analytics sensors and analyzer technologies, physical value analyzers, density and refractometry, thermal analysis systems, and other analytical instruments; and LabX, a laboratory software platform to manage and analyze data generated from its instruments.