Mettler-Toledo International, Inc. $MTD Shares Bought by Allianz Asset Management GmbH

Key Points

• Allianz Asset Management GmbH significantly increased its stake in Mettler-Toledo International by 86.3% during Q2, acquiring an additional 1,942 shares, which brought their total holding to 4,193 shares valued at approximately $4.93 million.
• Mettler-Toledo has received a mix of ratings from analysts, with JPMorgan raising their target price to $1,285 and Citigroup to $1,600, indicating a generally positive outlook but varied assessments among analysts.
• Company insiders have sold a substantial amount of stock, with Director Thomas P. Salice selling 1,062 shares for over $1.38 million, representing a 78.96% decrease in their position.

Allianz Asset Management GmbH lifted its stake in shares of Mettler-Toledo International, Inc. (NYSE:MTD - Free Report) by 86.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,193 shares of the medical instruments supplier's stock after acquiring an additional 1,942 shares during the quarter. Allianz Asset Management GmbH's holdings in Mettler-Toledo International were worth $4,926,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. WPG Advisers LLC acquired a new position in shares of Mettler-Toledo International during the first quarter valued at approximately $41,000. Zions Bancorporation National Association UT acquired a new position in shares of Mettler-Toledo International during the first quarter valued at approximately $43,000. Golden State Wealth Management LLC increased its stake in shares of Mettler-Toledo International by 583.3% during the first quarter. Golden State Wealth Management LLC now owns 41 shares of the medical instruments supplier's stock valued at $48,000 after acquiring an additional 35 shares during the period. Sound Income Strategies LLC increased its stake in shares of Mettler-Toledo International by 477.8% during the second quarter. Sound Income Strategies LLC now owns 52 shares of the medical instruments supplier's stock valued at $61,000 after acquiring an additional 43 shares during the period. Finally, Blue Trust Inc. increased its stake in shares of Mettler-Toledo International by 520.0% during the first quarter. Blue Trust Inc. now owns 62 shares of the medical instruments supplier's stock valued at $73,000 after acquiring an additional 52 shares during the period. Institutional investors and hedge funds own 95.07% of the company's stock.

Analyst Ratings Changes

MTD has been the topic of a number of research analyst reports. JPMorgan Chase & Co. raised their price objective on shares of Mettler-Toledo International from $1,200.00 to $1,285.00 and gave the company a "neutral" rating in a research note on Thursday, October 9th. Citigroup raised their price objective on shares of 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. Weiss Ratings restated a "hold (c)" rating on shares of Mettler-Toledo International in a report on Wednesday, October 8th. Robert W. Baird raised their target price on shares of 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, Evercore ISI raised their target price on shares of Mettler-Toledo International from $1,275.00 to $1,400.00 and gave the stock an "outperform" rating in a report on Tuesday, October 7th. Five equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $1,336.50.

Insider Buying and Selling

In related news, Director Thomas P. Salice sold 1,062 shares of the firm's 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 value of $1,381,555.80. Following the completion of the transaction, the director owned 283 shares of the company's stock, valued at approximately $368,154.70. This trade represents a 78.96% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Gerry Keller sold 165 shares of the firm'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 directly owned 94 shares of the company's stock, valued at $123,012.16. This represents a 63.71% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,827 shares of company stock valued at $2,371,208. Company insiders own 1.94% of the company's stock.

Mettler-Toledo International Stock Performance

Mettler-Toledo International stock opened at $1,436.21 on Friday. The company has a 50 day moving average price of $1,294.84 and a 200 day moving average price of $1,203.48. Mettler-Toledo International, Inc. has a 52 week low of $946.69 and a 52 week high of $1,438.70. The firm has a market capitalization of $29.58 billion, a price-to-earnings ratio of 36.37, a P/E/G ratio of 4.15 and a beta of 1.37.

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 EPS for the quarter, topping analysts' consensus estimates 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 analyst estimates of $957.41 million. During the same quarter last year, the business posted $9.65 EPS. The company'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. Equities analysts forecast that Mettler-Toledo International, Inc. will post 42.71 earnings per share for the current fiscal year.

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.

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