Kayne Anderson Rudnick Investment Management LLC Sells 4,427 Shares of Mettler-Toledo International, Inc. $MTD

Key Points

• Kayne Anderson Rudnick Investment Management LLC has reduced its stake in Mettler-Toledo International by 8.8%, now owning approximately 0.22% of the company valued at $54.36 million.
• Mettler-Toledo International reported $10.09 earnings per share for the last quarter, exceeding analysts' expectations of $9.58, with a revenue increase of 3.9% year-over-year.
• Analyst ratings for the company show a consensus of "Moderate Buy", with target prices varying from $1,110 to $1,350.

Kayne Anderson Rudnick Investment Management LLC lowered its stake in Mettler-Toledo International, Inc. (NYSE:MTD - Free Report) by 8.8% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 46,033 shares of the medical instruments supplier's stock after selling 4,427 shares during the quarter. Kayne Anderson Rudnick Investment Management LLC owned approximately 0.22% of Mettler-Toledo International worth $54,361,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. NewEdge Advisors LLC raised its stake in Mettler-Toledo International by 29.7% in the 4th quarter. NewEdge Advisors LLC now owns 441 shares of the medical instruments supplier's stock valued at $540,000 after acquiring an additional 101 shares during the period. Dark Forest Capital Management LP raised its holdings in Mettler-Toledo International by 8.8% in the 4th quarter. Dark Forest Capital Management LP now owns 395 shares of the medical instruments supplier's stock valued at $483,000 after acquiring an additional 32 shares in the last quarter. Coldstream Capital Management Inc. lifted its holdings in shares of Mettler-Toledo International by 7.9% during the 4th quarter. Coldstream Capital Management Inc. now owns 382 shares of the medical instruments supplier's stock worth $468,000 after acquiring an additional 28 shares during the period. Boothbay Fund Management LLC acquired a new stake in shares of Mettler-Toledo International during the 4th quarter worth approximately $294,000. Finally, Aquatic Capital Management LLC bought a new position in shares of Mettler-Toledo International in the 4th quarter valued at $1,285,000. Institutional investors and hedge funds own 95.07% of the company's stock.

Mettler-Toledo International Price Performance

NYSE:MTD traded down $0.96 during trading hours on Thursday, hitting $1,284.28. The stock had a trading volume of 182,104 shares, compared to its average volume of 157,516. 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 simple moving average of $1,235.26 and a two-hundred day simple moving average of $1,187.41. The firm has a market capitalization of $26.46 billion, a price-to-earnings ratio of 31.42, a P/E/G ratio of 3.86 and a beta of 1.34.

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, 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 business had revenue of $983.22 million during the quarter, compared to analysts' expectations of $957.41 million. During the same quarter in the previous year, the company earned $9.65 EPS. The business's quarterly revenue 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. Equities research analysts anticipate that Mettler-Toledo International, Inc. will post 42.71 earnings per share for the current year.

Insiders Place Their Bets

In other news, CFO Shawn Vadala sold 300 shares of the firm's stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $1,325.00, for a total value of $397,500.00. Following the completion of the sale, the chief financial officer directly owned 5,095 shares of the company's stock, valued at approximately $6,750,875. This trade represents a 5.56% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Gerry Keller sold 165 shares of Mettler-Toledo International 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 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 ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,827 shares of company stock worth $2,371,208. 1.94% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on MTD. Bank of America raised their price target on shares of Mettler-Toledo International from $1,200.00 to $1,260.00 and gave the company a "neutral" rating in a research note on Thursday, June 26th. Barclays began coverage on shares of Mettler-Toledo International in a report on Tuesday, June 24th. They issued an "overweight" rating and a $1,325.00 target price on the stock. Wells Fargo & Company lifted their price objective on shares of Mettler-Toledo International from $1,125.00 to $1,200.00 and gave the company an "equal weight" rating in a research note on Monday, May 5th. Citigroup raised their target price on 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. Finally, UBS Group upgraded shares of Mettler-Toledo International from a "neutral" rating to a "buy" rating and decreased their price target for the company from $1,530.00 to $1,350.00 in a research note on Tuesday, May 20th. Five analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Mettler-Toledo International presently has a consensus rating of "Moderate Buy" and an average price target of $1,311.11.

About Mettler-Toledo International

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.