Mettler-Toledo International, Inc. $MTD Shares Bought by Canoe Financial LP

Key Points

• Canoe Financial LP increased its stake in Mettler-Toledo International by 11.9%, owning approximately 58,224 shares valued at $68.4 million as per its recent SEC disclosures.
• Multiple analysts have raised their price targets for Mettler-Toledo, with Citigroup updating its target from $1,400 to $1,600, indicating a strong "buy" rating.
• Insider trading activity has seen significant sales by executives, with CFO Shawn Vadala selling shares worth $376,227, resulting in a 5.56% decrease in ownership.

Canoe Financial LP grew its holdings in Mettler-Toledo International, Inc. (NYSE:MTD - Free Report) by 11.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 58,224 shares of the medical instruments supplier's stock after acquiring an additional 6,206 shares during the period. Canoe Financial LP owned about 0.28% of Mettler-Toledo International worth $68,397,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in MTD. Vanguard Group Inc. boosted its holdings in Mettler-Toledo International by 1.2% during the first quarter. Vanguard Group Inc. now owns 2,543,365 shares of the medical instruments supplier's stock worth $3,003,485,000 after buying an additional 30,535 shares in the last quarter. Alliancebernstein L.P. boosted its holdings in Mettler-Toledo International by 21.6% during the first quarter. Alliancebernstein L.P. now owns 709,328 shares of the medical instruments supplier's stock worth $837,653,000 after buying an additional 126,147 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in Mettler-Toledo International by 5.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 481,011 shares of the medical instruments supplier's stock worth $568,032,000 after buying an additional 25,272 shares in the last quarter. T. Rowe Price Investment Management Inc. boosted its holdings in Mettler-Toledo International by 11.9% during the first quarter. T. Rowe Price Investment Management Inc. now owns 406,189 shares of the medical instruments supplier's stock worth $479,673,000 after buying an additional 43,082 shares in the last quarter. Finally, GAMMA Investing LLC boosted its holdings in Mettler-Toledo International by 131,246.3% during the first 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. 95.07% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have weighed in on MTD. Citigroup upped their price objective 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, August 21st. Robert W. Baird upped their price objective 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. Evercore ISI reduced their price objective on shares of Mettler-Toledo International from $1,280.00 to $1,275.00 and set an "outperform" rating for the company in a research report on Monday, August 4th. Barclays began coverage on shares of Mettler-Toledo International in a research report on Tuesday, June 24th. They set an "overweight" rating and a $1,325.00 price objective for the company. Finally, Bank of America upped their price objective on shares of Mettler-Toledo International from $1,260.00 to $1,390.00 and gave the stock a "neutral" rating in a research report on Monday. Five equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $1,325.56.

Mettler-Toledo International Price Performance

MTD stock traded up $3.72 during midday trading on Tuesday, reaching $1,261.77. 49,069 shares of the company's stock traded hands, compared to its average volume of 168,142. The company has a market capitalization of $25.99 billion, a P/E ratio of 31.95, a PEG ratio of 3.79 and a beta of 1.37. Mettler-Toledo International, Inc. has a fifty-two week low of $946.69 and a fifty-two week high of $1,521.01. The business has a 50-day moving average price of $1,266.00 and a two-hundred day moving average price of $1,184.96.

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 analysts' consensus estimates of $9.58 by $0.51. The firm had revenue of $983.22 million for the quarter, compared to analysts' expectations of $957.41 million. Mettler-Toledo International had a net margin of 21.46% and a negative return on equity of 476.07%. Mettler-Toledo International's revenue was up 3.9% compared to the same quarter last year. During the same period in the previous year, the company posted $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. As a group, research analysts forecast that Mettler-Toledo International, Inc. will post 42.71 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Gerry Keller sold 165 shares of Mettler-Toledo International 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 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Thomas P. Salice sold 1,062 shares of Mettler-Toledo International stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $1,300.90, for a total transaction of $1,381,555.80. Following the completion of the sale, the director owned 283 shares of the company's stock, valued at approximately $368,154.70. This trade represents a 78.96% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,827 shares of company stock worth $2,371,208. Insiders own 0.77% 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.