Jacobs Levy Equity Management Inc. Makes New $28.66 Million Investment in Mettler-Toledo International, Inc. $MTD

Key Points

• Jacobs Levy Equity Management Inc. purchased 24,270 shares of Mettler-Toledo International, Inc., valued at approximately $28.7 million, during the first quarter, increasing their ownership to 0.12%.
• Mettler-Toledo International reported a quarterly EPS of $10.09, exceeding analyst expectations, with revenues of $983.22 million, representing a year-over-year increase of 3.9%.
• Equities analysts have mixed ratings for Mettler-Toledo, with five recommending a buy and five a hold, while the current consensus target price is $1,311.11.

Jacobs Levy Equity Management Inc. purchased a new stake in shares of Mettler-Toledo International, Inc. (NYSE:MTD - Free Report) in the first quarter, according to its most recent filing with the SEC. The firm purchased 24,270 shares of the medical instruments supplier's stock, valued at approximately $28,661,000. Jacobs Levy Equity Management Inc. owned 0.12% of Mettler-Toledo International at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of MTD. GAMMA Investing LLC raised its holdings in Mettler-Toledo International by 131,246.3% in the 1st quarter. GAMMA Investing LLC now owns 386,158 shares of the medical instruments supplier's stock valued at $456,018,000 after acquiring an additional 385,864 shares during the last quarter. Alliancebernstein L.P. lifted its holdings in Mettler-Toledo International by 21.6% in the 1st quarter. Alliancebernstein L.P. now owns 709,328 shares of the medical instruments supplier's stock worth $837,653,000 after buying an additional 126,147 shares in the last quarter. Nuveen LLC acquired a new position in Mettler-Toledo International in the 1st quarter worth $71,897,000. AustralianSuper Pty Ltd lifted its holdings in Mettler-Toledo International by 60.4% in the 1st quarter. AustralianSuper Pty Ltd now owns 114,986 shares of the medical instruments supplier's stock worth $135,788,000 after buying an additional 43,313 shares in the last quarter. Finally, T. Rowe Price Investment Management Inc. lifted its holdings in Mettler-Toledo International by 11.9% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 406,189 shares of the medical instruments supplier's stock worth $479,673,000 after buying an additional 43,082 shares in the last quarter. 95.07% of the stock is currently owned by institutional investors and hedge funds.

Mettler-Toledo International Price Performance

Shares of Mettler-Toledo International stock traded up $30.36 on Thursday, hitting $1,283.23. The company had a trading volume of 28,430 shares, compared to its average volume of 169,230. The business has a 50-day simple moving average of $1,256.54 and a 200-day simple moving average of $1,186.62. The company has a market cap of $26.43 billion, a PE ratio of 32.49, a PEG ratio of 3.86 and a beta of 1.37. Mettler-Toledo International, Inc. has a 52 week low of $946.69 and a 52 week high of $1,521.01.

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

Analysts Set New Price Targets

A number of brokerages have commented on MTD. Bank of America boosted their price objective on shares of Mettler-Toledo International from $1,200.00 to $1,260.00 and gave the stock a "neutral" rating in a report on Thursday, June 26th. UBS Group upgraded shares of Mettler-Toledo International from a "neutral" rating to a "buy" rating and cut their target price for the company from $1,530.00 to $1,350.00 in a research note on Tuesday, May 20th. Citigroup increased their price objective on shares of Mettler-Toledo International from $1,400.00 to $1,600.00 and gave the stock a "buy" rating in a research note on Thursday, August 21st. Barclays began coverage on shares of Mettler-Toledo International in a research note on Tuesday, June 24th. They set an "overweight" rating and a $1,325.00 price objective on the stock. Finally, Robert W. Baird increased their price objective on shares of Mettler-Toledo International from $1,210.00 to $1,230.00 and gave the stock a "neutral" rating in a research note on Monday, August 4th. Five equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, Mettler-Toledo International presently has a consensus rating of "Moderate Buy" and a consensus target price of $1,311.11.

Insider Buying and Selling

In related news, CFO Shawn Vadala sold 300 shares of the company's stock in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $1,325.00, for a total value of $397,500.00. Following the completion of the sale, the chief financial officer owned 5,095 shares in the company, valued at approximately $6,750,875. This represents a 5.56% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Gerry Keller sold 165 shares of the company's stock in a transaction that occurred on Thursday, August 14th. The shares were sold at an average price of $1,308.64, for a total transaction of $215,925.60. Following the completion of the sale, the insider owned 94 shares of the company's stock, valued at approximately $123,012.16. This trade represents a 63.71% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,827 shares of company stock worth $2,371,208. Corporate insiders own 1.94% of the company's stock.

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.