Mettler-Toledo International, Inc. $MTD Shares Sold by Adage Capital Partners GP L.L.C.

Key Points

• Adage Capital Partners GP L.L.C. reduced its stake in Mettler-Toledo International by 59.4% during the first quarter, holding only 8,017 shares valued at approximately $9.47 million.
• Mettler-Toledo's stock recently opened at $1,304.65 and has a market capitalization of $26.88 billion, with a P/E ratio of 33.04.
• Insiders have sold a total of 1,827 shares of Mettler-Toledo stock in the last quarter, valued at over $2.37 million, indicating significant insider selling activity.

Adage Capital Partners GP L.L.C. cut its holdings in Mettler-Toledo International, Inc. (NYSE:MTD - Free Report) by 59.4% in the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 8,017 shares of the medical instruments supplier's stock after selling 11,740 shares during the quarter. Adage Capital Partners GP L.L.C.'s holdings in Mettler-Toledo International were worth $9,467,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Maverick Capital Ltd. raised its stake in Mettler-Toledo International by 110.4% in the first quarter. Maverick Capital Ltd. now owns 589 shares of the medical instruments supplier's stock valued at $696,000 after buying an additional 309 shares during the last quarter. Quarry LP raised its stake in Mettler-Toledo International by 333.0% in the first quarter. Quarry LP now owns 381 shares of the medical instruments supplier's stock valued at $450,000 after buying an additional 293 shares during the last quarter. Baird Financial Group Inc. raised its stake in Mettler-Toledo International by 4.1% in the first quarter. Baird Financial Group Inc. now owns 1,307 shares of the medical instruments supplier's stock valued at $1,543,000 after buying an additional 52 shares during the last quarter. Evergreen Capital Management LLC raised its stake in Mettler-Toledo International by 27.9% in the first quarter. Evergreen Capital Management LLC now owns 307 shares of the medical instruments supplier's stock valued at $363,000 after buying an additional 67 shares during the last quarter. Finally, The Manufacturers Life Insurance Company raised its stake in Mettler-Toledo International by 5.6% in the first quarter. The Manufacturers Life Insurance Company now owns 23,553 shares of the medical instruments supplier's stock valued at $27,814,000 after buying an additional 1,259 shares during the last quarter. 95.07% of the stock is currently owned by hedge funds and other institutional investors.

Mettler-Toledo International Price Performance

MTD stock traded down $24.66 during trading on Friday, hitting $1,258.06. 109,047 shares of the company traded hands, compared to its average volume of 119,443. The stock's 50-day simple moving average is $1,258.94 and its 200 day simple moving average is $1,186.04. The company has a market cap of $25.92 billion, a PE ratio of 31.86, a P/E/G ratio of 3.85 and a beta of 1.37. Mettler-Toledo International, Inc. has a 1 year low of $946.69 and a 1 year high of $1,521.01.

Mettler-Toledo International (NYSE:MTD - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The medical instruments supplier reported $10.09 earnings per share for the quarter, beating the consensus estimate of $9.58 by $0.51. The company had revenue of $983.22 million during the quarter, compared to analysts' expectations of $957.41 million. Mettler-Toledo International had a negative return on equity of 476.07% and a net margin of 21.46%.Mettler-Toledo International's quarterly revenue was up 3.9% on a year-over-year basis. During the same period last year, the business earned $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. Research analysts expect that Mettler-Toledo International, Inc. will post 42.71 earnings per share for the current year.

Insider Activity at Mettler-Toledo International

In other Mettler-Toledo International news, CFO Shawn Vadala sold 300 shares of the firm's stock in a transaction that occurred on Friday, August 8th. The stock was sold at an average price of $1,254.09, for a total value of $376,227.00. Following the sale, the chief financial officer directly owned 5,095 shares of the company's stock, valued at approximately $6,389,588.55. This trade represents a 5.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Gerry Keller sold 165 shares of the firm'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 value of $215,925.60. Following the completion of the sale, the insider directly owned 94 shares in the company, valued at approximately $123,012.16. The trade was a 63.71% decrease in their ownership of the stock. 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. 1.94% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research analysts have recently issued reports on MTD shares. UBS Group upgraded Mettler-Toledo International from a "neutral" rating to a "buy" rating and reduced their price objective for the stock from $1,530.00 to $1,350.00 in a research note on Tuesday, May 20th. Evercore ISI reduced their price objective on Mettler-Toledo International from $1,280.00 to $1,275.00 and set an "outperform" rating for the company in a research note on Monday, August 4th. Robert W. Baird raised their price objective on 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. 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 note on Thursday, June 26th. Finally, Barclays started coverage on Mettler-Toledo International in a research note on Tuesday, June 24th. They issued an "overweight" rating and a $1,325.00 price objective for the company. Five research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $1,311.11.

About Mettler-Toledo International

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.