Impax Asset Management Group plc Reduces Stake in Mettler-Toledo International, Inc. $MTD

Key Points

• Impax Asset Management trimmed its stake in Mettler‑Toledo by 5.4% in Q4, selling 1,780 shares to hold 31,236 shares valued at about $43.55 million (≈0.15% of the company).
• Other institutional moves were large and varied — notably M&T Bank increased its holding to 124,205 shares (a 2,813.6% jump) and institutional investors now own roughly 95.07% of MTD.
• Mettler‑Toledo recently beat quarterly EPS estimates ($13.36 vs. $12.76) with revenue up 8.1%, and analysts maintain a consensus of "Moderate Buy" with an average price target of $1,459.58.

Impax Asset Management Group plc lowered its position in shares of Mettler-Toledo International, Inc. (NYSE:MTD - Free Report) by 5.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 31,236 shares of the medical instruments supplier's stock after selling 1,780 shares during the period. Impax Asset Management Group plc owned approximately 0.15% of Mettler-Toledo International worth $43,549,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. M&T Bank Corp grew its holdings in shares of Mettler-Toledo International by 2,813.6% during the 4th quarter. M&T Bank Corp now owns 124,205 shares of the medical instruments supplier's stock worth $173,165,000 after purchasing an additional 119,942 shares during the period. Rakuten Investment Management Inc. purchased a new position in shares of Mettler-Toledo International during the 3rd quarter worth approximately $121,021,000. Alliancebernstein L.P. boosted its position in shares of Mettler-Toledo International by 10.7% during the 3rd quarter. Alliancebernstein L.P. now owns 793,927 shares of the medical instruments supplier's stock worth $974,633,000 after purchasing an additional 76,478 shares during the period. Thrivent Financial for Lutherans boosted its position in shares of Mettler-Toledo International by 752.2% during the 3rd quarter. Thrivent Financial for Lutherans now owns 73,586 shares of the medical instruments supplier's stock worth $90,335,000 after purchasing an additional 64,951 shares during the period. Finally, Bank of America Corp DE boosted its position in shares of Mettler-Toledo International by 56.8% during the 3rd quarter. Bank of America Corp DE now owns 128,116 shares of the medical instruments supplier's stock worth $157,276,000 after purchasing an additional 46,402 shares during the period. Institutional investors and hedge funds own 95.07% of the company's stock.

Insiders Place Their Bets

In other Mettler-Toledo International news, CFO Shawn Vadala sold 800 shares of Mettler-Toledo International stock in a transaction that occurred on Tuesday, February 10th. The stock was sold at an average price of $1,410.12, for a total value of $1,128,096.00. Following the sale, the chief financial officer owned 5,288 shares of the company's stock, valued at approximately $7,456,714.56. The trade was a 13.14% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.71% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently commented on MTD. Wall Street Zen upgraded Mettler-Toledo International from a "hold" rating to a "buy" rating in a report on Saturday, February 14th. Barclays decreased their price objective on Mettler-Toledo International from $1,550.00 to $1,500.00 and set an "overweight" rating for the company in a research note on Tuesday, April 14th. Morgan Stanley decreased their price objective on Mettler-Toledo International from $1,550.00 to $1,475.00 and set an "equal weight" rating for the company in a research note on Tuesday, February 10th. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Mettler-Toledo International in a research report on Monday, December 29th. Finally, Jefferies Financial Group raised shares of Mettler-Toledo International from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $1,400.00 to $1,450.00 in a research report on Friday, March 20th. Seven analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company's stock. According to MarketBeat.com, Mettler-Toledo International has an average rating of "Moderate Buy" and an average price target of $1,459.58.

Mettler-Toledo International Trading Up 1.5%

Shares of NYSE MTD opened at $1,282.79 on Friday. Mettler-Toledo International, Inc. has a twelve month low of $1,029.23 and a twelve month high of $1,525.17. The stock has a 50 day moving average of $1,288.67 and a two-hundred day moving average of $1,368.20. The stock has a market cap of $25.98 billion, a P/E ratio of 30.46, a P/E/G ratio of 2.65 and a beta of 1.43.

Mettler-Toledo International (NYSE:MTD - Get Free Report) last announced its earnings results on Friday, February 6th. The medical instruments supplier reported $13.36 EPS for the quarter, beating analysts' consensus estimates of $12.76 by $0.60. Mettler-Toledo International had a net margin of 21.59% and a negative return on equity of 495.07%. The business had revenue of $1.13 billion during the quarter, compared to analysts' expectations of $1.10 billion. During the same period in the prior year, the company earned $12.41 earnings per share. The business's revenue was up 8.1% compared to the same quarter last year. As a group, research analysts predict that Mettler-Toledo International, Inc. will post 46.51 earnings per share for the current year.

About Mettler-Toledo International

Mettler-Toledo International Inc is a global manufacturer and distributor of precision instruments and services for laboratory, industrial and food retail applications. The company's product portfolio includes laboratory balances and analytical instruments, industrial weighing systems, process analytics and sensors, metal detection and x-ray inspection equipment, checkweighers, and a range of automated inspection and data-management solutions. Mettler-Toledo also provides software, calibration and lifecycle services intended to support compliance, quality control and operational efficiency across customer facilities.

The company serves a broad set of end markets including pharmaceutical and biotech laboratories, chemical and food processors, logistics and manufacturing operations, and retail environments where accurate weighing and inspection are critical.

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