AlphaQuest LLC lowered its position in Mettler-Toledo International, Inc. (NYSE:MTD - Free Report) by 45.8% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 567 shares of the medical instruments supplier's stock after selling 480 shares during the quarter. AlphaQuest LLC's holdings in Mettler-Toledo International were worth $670,000 at the end of the most recent reporting period.
Other hedge funds also recently bought and sold shares of the company. Zions Bancorporation National Association UT purchased a new position in shares of Mettler-Toledo International in the first quarter valued at approximately $43,000. Golden State Wealth Management LLC grew its position in shares of 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 acquiring an additional 35 shares during the last quarter. Menard Financial Group LLC purchased a new position in shares of Mettler-Toledo International during the fourth quarter worth approximately $67,000. Blue Trust Inc. grew its position in Mettler-Toledo International by 520.0% in the 1st quarter. Blue Trust Inc. now owns 62 shares of the medical instruments supplier's stock valued at $73,000 after buying an additional 52 shares during the last quarter. Finally, Quarry LP grew its position in Mettler-Toledo International by 20.5% in the 4th quarter. Quarry LP now owns 88 shares of the medical instruments supplier's stock valued at $108,000 after buying an additional 15 shares during the last quarter. Hedge funds and other institutional investors own 95.07% of the company's stock.
Wall Street Analysts Forecast Growth
MTD has been the topic of several research analyst reports. Robert W. Baird boosted their target price on shares of Mettler-Toledo International from $1,210.00 to $1,230.00 and gave the stock a "neutral" rating in a research report on Monday, August 4th. 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. Citigroup upped their price objective on shares of Mettler-Toledo International from $1,400.00 to $1,600.00 and gave the company a "buy" rating in a research note on Thursday, August 21st. Bank of America upped 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 note on Thursday, June 26th. Finally, Jefferies Financial Group raised shares of Mettler-Toledo International from an "underperform" rating to a "hold" rating and dropped their price objective for the company from $1,200.00 to $1,110.00 in a research note on Monday, May 5th. Five investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $1,311.11.
Read Our Latest Analysis on Mettler-Toledo International
Mettler-Toledo International Trading Down 0.1%
NYSE:MTD traded down $0.96 during trading hours on Thursday, hitting $1,284.28. The stock had a trading volume of 182,104 shares, compared to its average volume of 157,516. Mettler-Toledo International, Inc. has a 1-year low of $946.69 and a 1-year high of $1,521.01. The business has a 50 day simple moving average of $1,238.00 and a two-hundred day simple moving average of $1,187.03. The company has a market cap of $26.46 billion, a PE ratio of 32.52, a price-to-earnings-growth ratio of 3.86 and a beta of 1.34.
Mettler-Toledo International (NYSE:MTD - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The medical instruments supplier reported $10.09 earnings per share (EPS) for the quarter, beating 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 the consensus estimate of $957.41 million. During the same quarter last year, the company earned $9.65 earnings per share. 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. Research analysts expect that Mettler-Toledo International, Inc. will post 42.71 EPS for the current fiscal year.
Insider Transactions at Mettler-Toledo International
In other news, 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 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed 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 value of $397,500.00. Following the transaction, the chief financial officer owned 5,095 shares in the company, valued at $6,750,875. This trade represents a 5.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,827 shares of company stock valued at $2,371,208. 1.94% of the stock is currently owned by corporate insiders.
About Mettler-Toledo International
(
Free Report)
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.
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