Canada Pension Plan Investment Board Acquires 2,878 Shares of Mettler-Toledo International, Inc. $MTD

Key Points

• The Canada Pension Plan Investment Board increased its holdings in Mettler-Toledo International, Inc. by 105.8%, acquiring an additional 2,878 shares during the first quarter, bringing its total to 5,599 shares worth approximately $6,612,000.
• Several large investors actively adjusted their positions in Mettler-Toledo, with institutional investors owning 95.07% of the company's stock, indicating strong institutional confidence in the company.
• Mettler-Toledo reported earnings of $10.09 per share for the last quarter, exceeding analysts' expectations, and projected future earnings guidance for FY 2025 set between 42.100 and 42.600 EPS.

Canada Pension Plan Investment Board boosted its stake in Mettler-Toledo International, Inc. (NYSE:MTD - Free Report) by 105.8% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,599 shares of the medical instruments supplier's stock after buying an additional 2,878 shares during the quarter. Canada Pension Plan Investment Board's holdings in Mettler-Toledo International were worth $6,612,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in MTD. GAMMA Investing LLC lifted its position 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 worth $456,018,000 after buying an additional 385,864 shares in the last quarter. Nuveen LLC purchased a new stake in Mettler-Toledo International in the 1st quarter worth approximately $71,897,000. AustralianSuper Pty Ltd increased its stake in shares of Mettler-Toledo International by 60.4% during the 1st quarter. AustralianSuper Pty Ltd now owns 114,986 shares of the medical instruments supplier's stock worth $135,788,000 after purchasing an additional 43,313 shares during the last quarter. T. Rowe Price Investment Management Inc. increased its stake in shares of Mettler-Toledo International by 11.9% during 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 purchasing an additional 43,082 shares during the last quarter. Finally, Millennium Management LLC increased its stake in shares of Mettler-Toledo International by 2,411.4% during the 4th quarter. Millennium Management LLC now owns 43,346 shares of the medical instruments supplier's stock worth $53,042,000 after purchasing an additional 41,620 shares during the last quarter. Hedge funds and other institutional investors own 95.07% of the company's stock.

Mettler-Toledo International Price Performance

NYSE:MTD traded up $16.86 during midday trading on Friday, reaching $1,304.65. The stock had a trading volume of 95,040 shares, compared to its average volume of 128,164. Mettler-Toledo International, Inc. has a 1-year low of $946.69 and a 1-year high of $1,521.01. The firm's fifty day simple moving average is $1,251.17 and its 200-day simple moving average is $1,186.06. The stock has a market capitalization of $26.88 billion, a P/E ratio of 33.04, a PEG ratio of 3.92 and a beta of 1.37.

Mettler-Toledo International (NYSE:MTD - Get Free Report) last posted its earnings results on Thursday, July 31st. The medical instruments supplier reported $10.09 earnings per share (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 period last year, the business posted $9.65 EPS. Mettler-Toledo International's revenue was up 3.9% compared to the same quarter last year. 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 anticipate that Mettler-Toledo International, Inc. will post 42.71 earnings per share for the current fiscal year.

Insider Buying and Selling at Mettler-Toledo International

In other Mettler-Toledo International news, insider Gerry Keller sold 165 shares of the stock in a transaction 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 of the company's stock, valued at $123,012.16. This represents a 63.71% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Shawn Vadala sold 300 shares of the stock in a transaction on Tuesday, August 19th. The shares were 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 directly owned 5,095 shares of the company's stock, valued at approximately $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. Insiders sold a total of 1,827 shares of company stock valued at $2,371,208 in the last ninety days. Company insiders own 1.94% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on MTD shares. Bank of America increased their price target 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. Evercore ISI dropped their price target on shares of Mettler-Toledo International from $1,280.00 to $1,275.00 and set an "outperform" rating on the stock in a research note on Monday, August 4th. Barclays started 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 target on the stock. Citigroup increased 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 note on Thursday, August 21st. Finally, Robert W. Baird increased their price target 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 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, the company presently has an average rating of "Moderate Buy" and an average target price of $1,311.11.

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.