Credit Agricole S A Lowers Position in Mettler-Toledo International, Inc. $MTD

Key Points

• Credit Agricole S A significantly reduced its stake in Mettler-Toledo International by 76.1%, leaving it with 2,518 shares worth approximately $2.97 million following an 8,016 share sell-off.
• Mettler-Toledo reported earnings of $10.09 per share for the last quarter, exceeding analyst expectations, while revenue was up 3.9% year-over-year.
• Insider transactions included the sale of 2,889 shares by company insiders over the past 90 days, totaling around $3.6 million in value.

Credit Agricole S A trimmed its position in shares of Mettler-Toledo International, Inc. (NYSE:MTD - Free Report) by 76.1% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,518 shares of the medical instruments supplier's stock after selling 8,016 shares during the quarter. Credit Agricole S A's holdings in Mettler-Toledo International were worth $2,974,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of MTD. NewEdge Advisors LLC raised its position in Mettler-Toledo International by 29.7% in the 4th quarter. NewEdge Advisors LLC now owns 441 shares of the medical instruments supplier's stock valued at $540,000 after buying an additional 101 shares during the last quarter. Dark Forest Capital Management LP raised its position in Mettler-Toledo International by 8.8% in the 4th quarter. Dark Forest Capital Management LP now owns 395 shares of the medical instruments supplier's stock valued at $483,000 after buying an additional 32 shares during the last quarter. Fuller & Thaler Asset Management Inc. raised its position in Mettler-Toledo International by 31.8% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 792 shares of the medical instruments supplier's stock valued at $969,000 after buying an additional 191 shares during the last quarter. Voya Investment Management LLC raised its position in Mettler-Toledo International by 600.4% in the 4th quarter. Voya Investment Management LLC now owns 46,413 shares of the medical instruments supplier's stock valued at $56,794,000 after buying an additional 39,786 shares during the last quarter. Finally, Two Sigma Securities LLC purchased a new stake in Mettler-Toledo International in the 4th quarter valued at $658,000. 95.07% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Mettler-Toledo International news, Director Thomas P. Salice sold 1,062 shares of the firm's stock in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $1,300.90, for a total value of $1,381,555.80. Following the completion of the transaction, the director owned 283 shares in the company, valued at $368,154.70. This trade represents a 78.96% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Gerry Keller sold 165 shares of the firm's stock in a transaction dated Thursday, August 14th. The stock was sold at an average price of $1,308.64, for a total value of $215,925.60. Following the completion of the transaction, the insider owned 94 shares of the company's stock, valued at approximately $123,012.16. This represents a 63.71% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,827 shares of company stock worth $2,371,208 in the last quarter. 1.94% of the stock is owned by company insiders.

Mettler-Toledo International Trading Down 0.0%

Shares of MTD stock traded down $0.27 on Thursday, hitting $1,284.97. 116,142 shares of the stock were exchanged, compared to its average volume of 172,448. The firm has a market capitalization of $26.47 billion, a PE ratio of 32.56, a P/E/G ratio of 3.85 and a beta of 1.34. Mettler-Toledo International, Inc. has a one year low of $946.69 and a one year high of $1,521.01. The firm's 50 day moving average is $1,235.26 and its two-hundred day moving average is $1,187.41.

Mettler-Toledo International (NYSE:MTD - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The medical instruments supplier reported $10.09 earnings per share for the quarter, topping the consensus estimate of $9.58 by $0.51. The company had revenue of $983.22 million during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter in the prior year, the company earned $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. On average, sell-side analysts expect that Mettler-Toledo International, Inc. will post 42.71 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms recently commented on MTD. Wells Fargo & Company increased their price target on Mettler-Toledo International from $1,125.00 to $1,200.00 and gave the company an "equal weight" rating in a research report on Monday, May 5th. UBS Group upgraded Mettler-Toledo International from a "neutral" rating to a "buy" rating and reduced their price objective for the company from $1,530.00 to $1,350.00 in a research note on Tuesday, May 20th. Citigroup upped their price objective on 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. Barclays initiated coverage on Mettler-Toledo International in a research note on Tuesday, June 24th. They issued an "overweight" rating and a $1,325.00 price objective for the company. Finally, Bank of America upped their price objective on 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. Five investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, Mettler-Toledo International 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.