Hsbc Holdings PLC Boosts Stock Position in Mettler-Toledo International, Inc. $MTD

Key Points

• Hsbc Holdings PLC increased its stake in Mettler-Toledo International by 6.0%, owning a total of 67,900 shares worth approximately $79.99 million at the end of the first quarter.
• Recently, several institutional investors have significantly altered their positions in Mettler-Toledo International, with notable increases in stakes, including a 583.3% increase by Golden State Wealth Management.
• Mettler-Toledo International reported a Q2 EPS of $10.09, surpassing expectations, while also indicating a revenue increase of 3.9% year-over-year with future earnings guidance set for FY 2025.

Hsbc Holdings PLC increased its holdings in shares of Mettler-Toledo International, Inc. (NYSE:MTD - Free Report) by 6.0% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 67,900 shares of the medical instruments supplier's stock after buying an additional 3,836 shares during the quarter. Hsbc Holdings PLC owned 0.33% of Mettler-Toledo International worth $79,986,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Financial Advisors Network Inc. lifted its position in shares of Mettler-Toledo International by 808.9% during the 1st quarter. Financial Advisors Network Inc. now owns 3,254 shares of the medical instruments supplier's stock worth $3,843,000 after buying an additional 2,896 shares during the last quarter. Wellington Management Group LLP raised its position in Mettler-Toledo International by 9.0% during the 1st quarter. Wellington Management Group LLP now owns 84,139 shares of the medical instruments supplier's stock worth $99,361,000 after purchasing an additional 6,949 shares during the last quarter. Qtron Investments LLC raised its position in Mettler-Toledo International by 9.0% during the 1st quarter. Qtron Investments LLC now owns 666 shares of the medical instruments supplier's stock worth $786,000 after purchasing an additional 55 shares during the last quarter. Brooklyn Investment Group raised its position in Mettler-Toledo International by 12.8% during the 1st quarter. Brooklyn Investment Group now owns 88 shares of the medical instruments supplier's stock worth $104,000 after purchasing an additional 10 shares during the last quarter. Finally, Versor Investments LP raised its position in Mettler-Toledo International by 70.7% during the 1st quarter. Versor Investments LP now owns 618 shares of the medical instruments supplier's stock worth $730,000 after purchasing an additional 256 shares during the last quarter. 95.07% of the stock is currently owned by institutional investors.

Mettler-Toledo International Stock Performance

Shares of NYSE MTD traded down $31.4470 during midday trading on Monday, hitting $1,290.0030. 52,255 shares of the stock traded hands, compared to its average volume of 173,170. The company has a market cap of $26.57 billion, a PE ratio of 32.58, a P/E/G ratio of 3.97 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 business has a 50 day moving average price of $1,227.64 and a two-hundred day moving average price of $1,186.72.

Mettler-Toledo International (NYSE:MTD - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The medical instruments supplier reported $10.09 EPS for the quarter, beating the consensus estimate of $9.58 by $0.51. The firm 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 company's quarterly revenue was up 3.9% on a year-over-year basis. During the same quarter 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, equities research analysts forecast that Mettler-Toledo International, Inc. will post 42.71 EPS for the current fiscal year.

Insider Transactions at Mettler-Toledo International

In related news, CFO Shawn Vadala sold 300 shares of Mettler-Toledo International stock in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of $1,325.00, for a total transaction of $397,500.00. Following the transaction, the chief financial officer owned 5,095 shares of the company's stock, valued at $6,750,875. The trade was a 5.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Michael A. Kelly sold 1,062 shares of Mettler-Toledo International stock in a transaction that occurred on Wednesday, May 28th. The stock was sold at an average price of $1,159.93, for a total transaction of $1,231,845.66. Following the transaction, the director directly owned 120 shares in the company, valued at approximately $139,191.60. This represents a 89.85% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 2,889 shares of company stock worth $3,603,054. Insiders own 0.77% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on MTD shares. UBS Group upgraded Mettler-Toledo International from a "neutral" rating to a "buy" rating and lowered their price objective for the stock from $1,530.00 to $1,350.00 in a research report on Tuesday, May 20th. Wells Fargo & Company raised their price objective on Mettler-Toledo International from $1,125.00 to $1,200.00 and gave the stock an "equal weight" rating in a research report on Monday, May 5th. Citigroup raised 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 report on Thursday. Evercore ISI lowered their price objective on 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. Finally, Robert W. Baird raised 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 report on Monday, August 4th. Five equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $1,311.11.

Mettler-Toledo International Company 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.