MBB Public Markets I LLC Purchases New Holdings in Mettler-Toledo International, Inc. $MTD

Key Points

• MBB Public Markets I LLC has acquired a new stake in Mettler-Toledo International, Inc., purchasing 261 shares valued at approximately $308,000 during the first quarter.
• Several hedge funds, including Farther Finance Advisors LLC and Wealth Enhancement Advisory Services LLC, significantly increased their stakes in Mettler-Toledo during the same period, with the majority of shares (95.07%) now owned by institutional investors.
• Analysts are optimistic about Mettler-Toledo's performance, with a consensus rating of "Moderate Buy" and a target price of $1,311.11, indicating confidence in the company's growth potential.

MBB Public Markets I LLC purchased a new stake in Mettler-Toledo International, Inc. (NYSE:MTD - Free Report) during the first quarter, according to its most recent disclosure with the SEC. The firm purchased 261 shares of the medical instruments supplier's stock, valued at approximately $308,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Farther Finance Advisors LLC lifted its stake in Mettler-Toledo International by 39.1% in the 1st quarter. Farther Finance Advisors LLC now owns 89 shares of the medical instruments supplier's stock valued at $103,000 after buying an additional 25 shares in the last quarter. QRG Capital Management Inc. lifted its stake in Mettler-Toledo International by 29.4% in the 1st quarter. QRG Capital Management Inc. now owns 489 shares of the medical instruments supplier's stock valued at $577,000 after buying an additional 111 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in Mettler-Toledo International by 13.3% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,488 shares of the medical instruments supplier's stock valued at $2,929,000 after buying an additional 292 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in Mettler-Toledo International by 95.0% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 2,202 shares of the medical instruments supplier's stock valued at $2,600,000 after buying an additional 1,073 shares in the last quarter. Finally, Boston Trust Walden Corp lifted its stake in Mettler-Toledo International by 7.1% in the 1st quarter. Boston Trust Walden Corp now owns 34,610 shares of the medical instruments supplier's stock valued at $40,871,000 after buying an additional 2,296 shares in the last quarter. 95.07% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on MTD shares. UBS Group upgraded Mettler-Toledo International from a "neutral" rating to a "buy" rating and lowered their target price for the stock from $1,530.00 to $1,350.00 in a report on Tuesday, May 20th. Barclays started 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. Evercore ISI lowered their target price on Mettler-Toledo International from $1,280.00 to $1,275.00 and set an "outperform" rating on the stock in a report on Monday, August 4th. Robert W. Baird boosted their target price on Mettler-Toledo International from $1,210.00 to $1,230.00 and gave the stock a "neutral" rating in a report on Monday, August 4th. Finally, Bank of America boosted their target price on Mettler-Toledo International from $1,200.00 to $1,260.00 and gave the stock a "neutral" rating in a report on Thursday, June 26th. Five analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $1,311.11.

Mettler-Toledo International Stock Performance

MTD stock opened at $1,253.87 on Thursday. The firm has a market cap of $25.83 billion, a PE ratio of 31.75, a PEG ratio of 3.86 and a beta of 1.37. The firm's 50 day moving average price is $1,256.54 and its 200-day moving average price is $1,186.62. Mettler-Toledo International, Inc. has a one year low of $946.69 and a one year high of $1,521.01.

Mettler-Toledo International (NYSE:MTD - Get Free Report) last released its quarterly earnings results 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 for the quarter, compared to analyst estimates of $957.41 million. Mettler-Toledo International had a net margin of 21.46% and a negative return on equity of 476.07%. The business's revenue for the quarter was up 3.9% compared to the same quarter last year. During the same quarter in the previous 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. Equities research analysts predict that Mettler-Toledo International, Inc. will post 42.71 EPS for the current fiscal year.

Insider Activity

In other news, Director Thomas P. Salice sold 1,062 shares of Mettler-Toledo International 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 transaction of $1,381,555.80. Following the sale, the director owned 283 shares of the company's stock, valued at approximately $368,154.70. The trade was a 78.96% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Gerry Keller sold 165 shares of the business's stock in a transaction that occurred on Thursday, August 14th. The shares were sold at an average price of $1,308.64, for a total value of $215,925.60. Following the completion of the sale, the insider directly owned 94 shares in the company, valued at approximately $123,012.16. The trade was a 63.71% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,827 shares of company stock valued at $2,371,208. 1.94% of the stock is currently owned by company insiders.

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.

Want to see what other hedge funds are holding MTD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mettler-Toledo International, Inc. (NYSE:MTD - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.