Algert Global LLC Increases Position in Mettler-Toledo International, Inc. $MTD

Key Points

• Algert Global LLC has increased its stake in Mettler-Toledo International by 17.8%, acquiring an additional 644 shares during the first quarter, bringing its total holdings to 4,255 shares valued at approximately $5,025,000.
• Several institutional investors have modified their holdings in Mettler-Toledo, including Gen Wealth Partners Inc, which raised its position by 22.8%, now owning 647 shares worth $764,000.
• Mettler-Toledo reported earnings of $10.09 per share for the last quarter, surpassing analysts' expectations, with revenue of $983.22 million, marking a 3.9% year-over-year increase.

Algert Global LLC increased its position in shares of Mettler-Toledo International, Inc. (NYSE:MTD - Free Report) by 17.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,255 shares of the medical instruments supplier's stock after acquiring an additional 644 shares during the quarter. Algert Global LLC's holdings in Mettler-Toledo International were worth $5,025,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the company. Zions Bancorporation National Association UT acquired a new position in Mettler-Toledo International during the 1st quarter valued at approximately $43,000. Golden State Wealth Management LLC boosted its holdings in Mettler-Toledo International by 583.3% during the first quarter. Golden State Wealth Management LLC now owns 41 shares of the medical instruments supplier's stock worth $48,000 after buying an additional 35 shares in the last quarter. Menard Financial Group LLC purchased a new position in Mettler-Toledo International during the fourth quarter valued at $67,000. Blue Trust Inc. lifted its holdings in Mettler-Toledo International by 520.0% during the first quarter. Blue Trust Inc. now owns 62 shares of the medical instruments supplier's stock valued at $73,000 after purchasing an additional 52 shares in the last quarter. Finally, Farther Finance Advisors LLC boosted its position in Mettler-Toledo International by 39.1% during the first quarter. Farther Finance Advisors LLC now owns 89 shares of the medical instruments supplier's stock worth $103,000 after acquiring an additional 25 shares during the last quarter. Institutional investors own 95.07% of the company's stock.

Mettler-Toledo International Price Performance

Shares of MTD stock traded up $42.4310 during mid-day trading on Friday, hitting $1,320.4310. The stock had a trading volume of 114,639 shares, compared to its average volume of 173,947. Mettler-Toledo International, Inc. has a fifty-two week low of $946.69 and a fifty-two week high of $1,521.01. The firm has a market cap of $27.20 billion, a PE ratio of 33.44, a PEG ratio of 3.95 and a beta of 1.34. The company's 50-day simple moving average is $1,224.30 and its 200-day simple moving average is $1,189.23.

Mettler-Toledo International (NYSE:MTD - Get Free Report) last released its earnings results on Thursday, July 31st. The medical instruments supplier reported $10.09 EPS for the quarter, topping the consensus estimate of $9.58 by $0.51. Mettler-Toledo International had a net margin of 21.46% and a negative return on equity of 476.07%. The company had revenue of $983.22 million during the quarter, compared to analysts' expectations of $957.41 million. During the same quarter last year, the business earned $9.65 EPS. The business's revenue 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. On average, analysts expect that Mettler-Toledo International, Inc. will post 42.71 EPS for the current year.

Wall Street Analysts Forecast Growth

MTD has been the topic of a number of recent research reports. Citigroup boosted their price target on shares of Mettler-Toledo International from $1,400.00 to $1,600.00 and gave the stock a "buy" rating in a research report on Thursday. Wall Street Zen downgraded shares of Mettler-Toledo International from a "buy" rating to a "hold" rating in a research note on Monday, May 5th. Wells Fargo & Company increased their target price on shares of Mettler-Toledo International from $1,125.00 to $1,200.00 and gave the stock an "equal weight" rating in a report on Monday, May 5th. Jefferies Financial Group upgraded shares of Mettler-Toledo International from an "underperform" rating to a "hold" rating and reduced their target price for the stock from $1,200.00 to $1,110.00 in a report on Monday, May 5th. Finally, Bank of America increased their price objective on shares of Mettler-Toledo International from $1,200.00 to $1,260.00 and gave the company 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. According to MarketBeat, Mettler-Toledo International has an average rating of "Moderate Buy" and an average price target of $1,311.11.

Insider Activity

In other news, Director Michael A. Kelly sold 1,062 shares of the firm's stock in a transaction on Wednesday, May 28th. The shares were sold at an average price of $1,159.93, for a total value of $1,231,845.66. Following the completion of the sale, the director owned 120 shares in the company, valued at approximately $139,191.60. This trade represents a 89.85% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Shawn Vadala sold 300 shares of the firm's stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $1,325.00, for a total transaction of $397,500.00. Following the completion of the sale, the chief financial officer owned 5,095 shares of the company's stock, valued at $6,750,875. This trade represents a 5.56% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 2,889 shares of company stock worth $3,603,054 over the last quarter. 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.