Mettler-Toledo International, Inc. $MTD Shares Sold by Korea Investment CORP

Key Points

• Korea Investment CORP reduced its holdings in Mettler-Toledo International by 4.2%, now owning 13,357 shares valued at approximately $15.8 million.
• Mettler-Toledo reported a quarterly EPS of $10.09, exceeding the consensus estimate by $0.51, with revenue of $983.22 million, a 3.9% year-over-year increase.
• The company's stock has an average rating of "Moderate Buy" from analysts, with a consensus target price of $1,288.89.

Korea Investment CORP cut its holdings in Mettler-Toledo International, Inc. (NYSE:MTD - Free Report) by 4.2% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 13,357 shares of the medical instruments supplier's stock after selling 582 shares during the period. Korea Investment CORP owned 0.06% of Mettler-Toledo International worth $15,773,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the business. Zions Bancorporation National Association UT acquired a new position in Mettler-Toledo International in the first quarter valued at $43,000. Golden State Wealth Management LLC grew its holdings in Mettler-Toledo International by 583.3% in the 1st quarter. Golden State Wealth Management LLC now owns 41 shares of the medical instruments supplier's stock valued at $48,000 after buying an additional 35 shares during the period. Menard Financial Group LLC acquired a new position in shares of Mettler-Toledo International during the 4th quarter valued at about $67,000. Blue Trust Inc. increased its stake in shares of Mettler-Toledo International by 520.0% during the 1st 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 last quarter. Finally, Farther Finance Advisors LLC lifted its holdings in shares of Mettler-Toledo International by 39.1% during the 1st quarter. Farther Finance Advisors LLC now owns 89 shares of the medical instruments supplier's stock worth $103,000 after acquiring an additional 25 shares during the period. Institutional investors and hedge funds own 95.07% of the company's stock.

Mettler-Toledo International Trading Down 0.7%

Shares of Mettler-Toledo International stock opened at $1,313.2470 on Thursday. Mettler-Toledo International, Inc. has a twelve month low of $946.69 and a twelve month high of $1,521.01. The stock has a market cap of $27.05 billion, a price-to-earnings ratio of 33.26, a price-to-earnings-growth ratio of 3.97 and a beta of 1.34. The company has a fifty day moving average price of $1,222.56 and a 200 day moving average price of $1,189.69.

Mettler-Toledo International (NYSE:MTD - Get Free Report) last released its quarterly earnings data 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. Mettler-Toledo International had a negative return on equity of 476.07% and a net margin of 21.46%.The company had revenue of $983.22 million for the quarter, compared to analyst estimates of $957.41 million. During the same period last year, the company posted $9.65 earnings per share. The firm's 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. Analysts forecast that Mettler-Toledo International, Inc. will post 42.71 earnings per share for the current year.

Analyst Ratings Changes

MTD has been the subject of a number of recent analyst reports. Wells Fargo & Company boosted their target price on shares of Mettler-Toledo International from $1,125.00 to $1,200.00 and gave the company an "equal weight" rating in a report on Monday, May 5th. Evercore ISI lowered 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 note on Monday, August 4th. Wall Street Zen lowered Mettler-Toledo International from a "buy" rating to a "hold" rating in a research report on Monday, May 5th. Barclays began coverage on 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. Finally, UBS Group upgraded Mettler-Toledo International from a "neutral" rating to a "buy" rating and dropped their price target for the stock 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 issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $1,288.89.

Insider Buying and Selling

In other news, Director Michael A. Kelly sold 1,062 shares of the business's stock in a transaction on Wednesday, May 28th. The shares were sold at an average price of $1,159.93, for a total transaction of $1,231,845.66. Following the transaction, the director directly owned 120 shares of the company's stock, valued at approximately $139,191.60. The trade was a 89.85% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Gerry Keller sold 165 shares of the firm's 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 sale, the insider directly owned 94 shares of the company's stock, 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. Insiders have sold 2,589 shares of company stock worth $3,205,554 in the last 90 days. 1.94% of the stock is owned by insiders.

Mettler-Toledo International Company 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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