Financiere des Professionnels Fonds d investissement inc. Sells 336 Shares of Mettler-Toledo International, Inc. $MTD

Key Points

• Financiere des Professionnels Fonds d'investissement inc. reduced its stake in Mettler-Toledo International, Inc. by 6.3% in Q2, holding $5.92 million worth of shares after selling 336 shares.
• Several institutional investors, including Cetera Investment Advisers and Royal Bank of Canada, have increased their stakes in Mettler-Toledo International, indicating strong institutional interest, with 95.07% of the stock owned by such entities.
• Mettler-Toledo International reported strong Q2 earnings, with $10.09 EPS beating estimates and 3.9% year-over-year revenue growth, leading analysts to maintain a "Moderate Buy" rating with an average target price of $1,311.11.

Financiere des Professionnels Fonds d investissement inc. trimmed its stake in shares of Mettler-Toledo International, Inc. (NYSE:MTD - Free Report) by 6.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,036 shares of the medical instruments supplier's stock after selling 336 shares during the quarter. Financiere des Professionnels Fonds d investissement inc.'s holdings in Mettler-Toledo International were worth $5,916,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Greenleaf Trust raised its holdings in Mettler-Toledo International by 1.2% during the first quarter. Greenleaf Trust now owns 872 shares of the medical instruments supplier's stock valued at $1,030,000 after buying an additional 10 shares in the last quarter. Brooklyn Investment Group raised its holdings in Mettler-Toledo International by 12.8% during the first quarter. Brooklyn Investment Group now owns 88 shares of the medical instruments supplier's stock valued at $104,000 after buying an additional 10 shares in the last quarter. Sequoia Financial Advisors LLC raised its holdings in Mettler-Toledo International by 1.8% during the first quarter. Sequoia Financial Advisors LLC now owns 627 shares of the medical instruments supplier's stock valued at $740,000 after buying an additional 11 shares in the last quarter. Albion Financial Group UT raised its holdings in Mettler-Toledo International by 1.5% during the first quarter. Albion Financial Group UT now owns 754 shares of the medical instruments supplier's stock valued at $890,000 after buying an additional 11 shares in the last quarter. Finally, TD Private Client Wealth LLC raised its holdings in Mettler-Toledo International by 5.4% during the first quarter. TD Private Client Wealth LLC now owns 214 shares of the medical instruments supplier's stock valued at $253,000 after buying an additional 11 shares in the last quarter. 95.07% of the stock is currently owned by institutional investors.

Mettler-Toledo International Price Performance

Shares of MTD traded down $22.26 on Friday, hitting $1,264.84. The company's stock had a trading volume of 231,443 shares, compared to its average volume of 115,898. The company has a market capitalization of $26.06 billion, a PE ratio of 32.03, a PEG ratio of 3.80 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 company has a 50 day moving average price of $1,264.75 and a 200 day moving average price of $1,185.80.

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 earnings per share for the quarter, topping the consensus estimate 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 firm had revenue of $983.22 million during the quarter, compared to analysts' expectations of $957.41 million. During the same quarter in the previous year, the company posted $9.65 EPS. Mettler-Toledo International's revenue 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. On average, equities analysts forecast that Mettler-Toledo International, Inc. will post 42.71 EPS for the current year.

Insider Buying and Selling

In related news, CFO Shawn Vadala sold 300 shares of the business'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 value of $376,227.00. Following the completion of the transaction, the chief financial officer owned 5,095 shares in the company, valued at $6,389,588.55. The trade was a 5.56% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Gerry Keller sold 165 shares of the business's stock in a transaction that occurred on Thursday, August 14th. The stock was sold at an average price of $1,308.64, for a total transaction of $215,925.60. Following the completion of the transaction, the insider owned 94 shares of the company's stock, valued at $123,012.16. This trade represents a 63.71% decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,827 shares of company stock worth $2,371,208 in the last quarter. Insiders own 1.94% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Barclays assumed coverage on Mettler-Toledo International in a report on Tuesday, June 24th. They set an "overweight" rating and a $1,325.00 target price on the stock. Citigroup lifted their price objective on 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. Evercore ISI dropped their price objective on 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. Robert W. Baird lifted their price objective on 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. Finally, Bank of America lifted their price objective on 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. Five analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target 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.