Mettler-Toledo International, Inc. $MTD Position Trimmed by AQR Capital Management LLC

Key Points

• AQR Capital Management LLC reduced its holdings in Mettler-Toledo International by 11.0%, selling 2,682 shares and owning 21,673 shares valued at approximately $25.4 million at the end of the reporting period.
• Institutional investors own 95.07% of Mettler-Toledo International shares, with notable increases in holdings by GAMMA Investing LLC and AustralianSuper Pty Ltd during the first quarter.
• Shares of Mettler-Toledo International traded up 2.2% to $1,280.28, and the company reported earnings of $10.09 per share, exceeding analysts' estimates by $0.51.

AQR Capital Management LLC decreased its stake in shares of Mettler-Toledo International, Inc. (NYSE:MTD - Free Report) by 11.0% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 21,673 shares of the medical instruments supplier's stock after selling 2,682 shares during the period. AQR Capital Management LLC owned about 0.10% of Mettler-Toledo International worth $25,375,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the stock. Advisors Asset Management Inc. raised its stake in Mettler-Toledo International by 2.3% during the first quarter. Advisors Asset Management Inc. now owns 1,179 shares of the medical instruments supplier's stock worth $1,392,000 after acquiring an additional 26 shares during the period. Amundi raised its stake in Mettler-Toledo International by 6.1% during the first quarter. Amundi now owns 120,309 shares of the medical instruments supplier's stock worth $131,767,000 after acquiring an additional 6,876 shares during the period. Aprio Wealth Management LLC acquired a new stake in Mettler-Toledo International during the first quarter worth about $272,000. Maverick Capital Ltd. raised its stake in Mettler-Toledo International by 110.4% during the first quarter. Maverick Capital Ltd. now owns 589 shares of the medical instruments supplier's stock worth $696,000 after acquiring an additional 309 shares during the period. Finally, Quarry LP raised its stake in Mettler-Toledo International by 333.0% during the first quarter. Quarry LP now owns 381 shares of the medical instruments supplier's stock worth $450,000 after acquiring an additional 293 shares during the period. Institutional investors own 95.07% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Bank of America increased 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 research note on Thursday, June 26th. Robert W. Baird raised their price target on shares of Mettler-Toledo International from $1,210.00 to $1,230.00 and gave the company a "neutral" rating in a research note on Monday, August 4th. UBS Group upgraded shares of Mettler-Toledo International from a "neutral" rating to a "buy" rating and dropped their price target for the company from $1,530.00 to $1,350.00 in a research note on Tuesday, May 20th. Barclays initiated coverage on shares of Mettler-Toledo International in a research note on Tuesday, June 24th. They issued an "overweight" rating and a $1,325.00 price target on the stock. Finally, Citigroup raised their price target 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. Five research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, Mettler-Toledo International presently has an average rating of "Moderate Buy" and a consensus price target of $1,311.11.

Insider Activity at Mettler-Toledo International

In related news, Director Thomas P. Salice sold 1,062 shares of the firm's stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $1,300.90, for a total transaction of $1,381,555.80. Following the transaction, the director owned 283 shares in the company, valued at $368,154.70. This trade represents a 78.96% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Shawn Vadala sold 300 shares of the firm's stock in a transaction that occurred on Friday, August 8th. The shares were sold at an average price of $1,254.09, for a total transaction of $376,227.00. Following the transaction, the chief financial officer owned 5,095 shares in the company, valued at $6,389,588.55. This represents a 5.56% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,827 shares of company stock worth $2,371,208 over the last quarter. 1.94% of the stock is currently owned by company insiders.

Mettler-Toledo International Price Performance

Shares of NYSE MTD traded down $24.66 during mid-day trading on Friday, reaching $1,258.06. 109,047 shares of the company traded hands, compared to its average volume of 119,443. 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 $25.92 billion, a PE ratio of 31.86, a price-to-earnings-growth ratio of 3.85 and a beta of 1.37. The stock has a fifty day simple moving average of $1,258.94 and a 200-day simple moving average of $1,185.32.

Mettler-Toledo International (NYSE:MTD - Get Free Report) last posted its quarterly earnings data 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 net margin of 21.46% and a negative return on equity of 476.07%. The business had revenue of $983.22 million for the quarter, compared to analyst estimates of $957.41 million. During the same quarter last year, the business earned $9.65 earnings per share. The business'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. As a group, analysts predict that Mettler-Toledo International, Inc. will post 42.71 EPS for the current fiscal year.

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.