Mettler-Toledo International, Inc. $MTD Shares Sold by Congress Asset Management Co.

Key Points

• Congress Asset Management Co. has reduced its holdings in Mettler-Toledo International by 65.1%, now owning only 233 shares valued at $274,000.
• Institutional investors collectively own 95.07% of Mettler-Toledo International's stock, indicating strong institutional interest in the company.
• Mettler-Toledo reported earnings of $10.09 EPS for the last quarter, surpassing estimates and showing a revenue increase of 3.9% year-over-year.

Congress Asset Management Co. lowered its holdings in shares of Mettler-Toledo International, Inc. (NYSE:MTD - Free Report) by 65.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 233 shares of the medical instruments supplier's stock after selling 434 shares during the period. Congress Asset Management Co.'s holdings in Mettler-Toledo International were worth $274,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in MTD. GAMMA Investing LLC raised its position in Mettler-Toledo International by 131,246.3% during the first quarter. GAMMA Investing LLC now owns 386,158 shares of the medical instruments supplier's stock worth $456,018,000 after acquiring an additional 385,864 shares during the last quarter. Alliancebernstein L.P. raised its position in shares of Mettler-Toledo International by 21.6% in the first quarter. Alliancebernstein L.P. now owns 709,328 shares of the medical instruments supplier's stock valued at $837,653,000 after buying an additional 126,147 shares during the last quarter. PineStone Asset Management Inc. raised its position in shares of Mettler-Toledo International by 41.9% in the second quarter. PineStone Asset Management Inc. now owns 334,349 shares of the medical instruments supplier's stock valued at $392,766,000 after buying an additional 98,737 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Mettler-Toledo International by 42.0% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 305,722 shares of the medical instruments supplier's stock valued at $361,030,000 after buying an additional 90,395 shares during the last quarter. Finally, Nuveen LLC acquired a new position in shares of Mettler-Toledo International in the first quarter valued at approximately $71,897,000. Institutional investors and hedge funds own 95.07% of the company's stock.

Mettler-Toledo International Stock Performance

Shares of MTD stock opened at $1,202.72 on Friday. Mettler-Toledo International, Inc. has a one year low of $946.69 and a one year high of $1,521.01. The company has a 50 day moving average price of $1,269.22 and a 200 day moving average price of $1,184.76. The firm has a market capitalization of $24.78 billion, a price-to-earnings ratio of 30.46, a price-to-earnings-growth ratio of 3.61 and a beta of 1.37.

Mettler-Toledo International (NYSE:MTD - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The medical instruments supplier reported $10.09 EPS 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 analyst estimates of $957.41 million. During the same quarter in the prior year, the business posted $9.65 earnings per share. Mettler-Toledo International's revenue for the quarter was up 3.9% compared to the same quarter last year. 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 analysts forecast that Mettler-Toledo International, Inc. will post 42.71 EPS for the current fiscal year.

Wall Street Analyst Weigh In

MTD has been the subject of a number of analyst reports. Evercore ISI cut their price objective on shares of 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. Citigroup boosted 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 report on Thursday, August 21st. Barclays initiated coverage on shares of Mettler-Toledo International in a research report on Tuesday, June 24th. They issued an "overweight" rating and a $1,325.00 price objective for the company. Bank of America boosted their price objective on shares of Mettler-Toledo International from $1,260.00 to $1,390.00 and gave the company a "neutral" rating in a research report on Monday, September 22nd. Finally, Robert W. Baird boosted their price objective on shares of Mettler-Toledo International from $1,210.00 to $1,230.00 and gave the company a "neutral" rating in a research report on Monday, August 4th. Five investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $1,325.56.

Insider Activity at Mettler-Toledo International

In related news, insider Gerry Keller sold 165 shares of Mettler-Toledo International stock in a transaction on Thursday, August 14th. The shares were sold at an average price of $1,308.64, for a total transaction of $215,925.60. Following the transaction, the insider owned 94 shares in the company, valued at approximately $123,012.16. The trade was a 63.71% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Shawn Vadala sold 300 shares of Mettler-Toledo International stock in a transaction on Friday, August 8th. The shares were sold at an average price of $1,254.09, for a total transaction of $376,227.00. Following 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 disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,827 shares of company stock worth $2,371,208. 1.94% of the stock is currently owned by corporate 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.