Mettler-Toledo International, Inc. $MTD Shares Sold by Corebridge Financial Inc.

Key Points

• Corebridge Financial Inc. reduced its stake in Mettler-Toledo International by 4.2%, now holding 4,926 shares valued at approximately $5.82 million after selling 214 shares.
• Mettler-Toledo's net revenue for the last quarter was reported at $983.22 million, surpassing estimates and reflecting a 3.9% year-over-year growth.
• Institutional investors collectively own 95.07% of Mettler-Toledo's stock, indicating strong institutional interest and confidence in its performance.

Corebridge Financial Inc. lowered its position in Mettler-Toledo International, Inc. (NYSE:MTD - Free Report) by 4.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,926 shares of the medical instruments supplier's stock after selling 214 shares during the period. Corebridge Financial Inc.'s holdings in Mettler-Toledo International were worth $5,817,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Analyst Ratings Changes

A number of research analysts have recently issued reports on MTD shares. Robert W. Baird lifted their price target on Mettler-Toledo International from $1,210.00 to $1,230.00 and gave the company a "neutral" rating in a report on Monday, August 4th. Evercore ISI reduced their target price on shares of Mettler-Toledo International from $1,280.00 to $1,275.00 and set an "outperform" rating for the company in a report on Monday, August 4th. 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 report on Thursday, August 21st. UBS Group raised shares of Mettler-Toledo International from a "neutral" rating to a "buy" rating and cut their price objective for the stock from $1,530.00 to $1,350.00 in a research report on Tuesday, May 20th. Finally, Bank of America increased their target price 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 investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $1,311.11.

Mettler-Toledo International Stock Up 1.0%

Shares of MTD traded up $12.36 during trading hours on Thursday, reaching $1,280.96. 43,085 shares of the company traded hands, compared to its average volume of 171,307. The business has a fifty day moving average price of $1,246.95 and a 200-day moving average price of $1,186.57. Mettler-Toledo International, Inc. has a 12-month low of $946.69 and a 12-month high of $1,521.01. The stock has a market capitalization of $26.39 billion, a P/E ratio of 32.44, a P/E/G ratio of 3.90 and a beta of 1.37.

Mettler-Toledo International (NYSE:MTD - Get Free Report) last issued its earnings results on Thursday, July 31st. The medical instruments supplier reported $10.09 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $9.58 by $0.51. The company had revenue of $983.22 million during the quarter, compared to analyst estimates of $957.41 million. Mettler-Toledo International had a negative return on equity of 476.07% and a net margin of 21.46%.The firm's quarterly revenue was up 3.9% on a year-over-year basis. During the same quarter last year, the business posted $9.65 EPS. 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 predict that Mettler-Toledo International, Inc. will post 42.71 EPS for the current fiscal year.

Insider Activity at Mettler-Toledo International

In related news, Director Thomas P. Salice sold 1,062 shares of the 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 value of $1,381,555.80. Following the transaction, the director owned 283 shares in the company, valued at approximately $368,154.70. This represents a 78.96% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Shawn Vadala sold 300 shares of Mettler-Toledo International stock in a transaction that occurred 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 sale, the chief financial officer owned 5,095 shares of the company's stock, valued at approximately $6,750,875. The trade was a 5.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,827 shares of company stock worth $2,371,208 over the last quarter. 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.