Northern Trust Corp Sells 12,329 Shares of Mettler-Toledo International, Inc. $MTD

Key Points

• Northern Trust Corp reduced its holdings in Mettler-Toledo International by 4.9%, owning 239,376 shares valued at approximately $282.7 million after selling 12,329 shares.
• Mettler-Toledo International reported $10.09 EPS for the latest quarter, surpassing analyst expectations and reflecting a year-over-year revenue increase of 3.9%.
• Analyst ratings for Mettler-Toledo International show a mixed outlook, with five analysts rating it as a Buy and five as a Hold, alongside an average price target of $1,288.89.

Northern Trust Corp trimmed its position in Mettler-Toledo International, Inc. (NYSE:MTD - Free Report) by 4.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 239,376 shares of the medical instruments supplier's stock after selling 12,329 shares during the quarter. Northern Trust Corp owned 1.15% of Mettler-Toledo International worth $282,682,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Zions Bancorporation National Association UT bought a new stake in Mettler-Toledo International in the first quarter worth $43,000. Golden State Wealth Management LLC increased its holdings in Mettler-Toledo International by 583.3% in the first 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 in the last quarter. Menard Financial Group LLC purchased a new stake in Mettler-Toledo International in the 4th quarter worth $67,000. Blue Trust Inc. boosted its position 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 raised its stake in shares of 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 acquiring an additional 25 shares during the period. Institutional investors own 95.07% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in 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 report on Monday, May 5th. Barclays began coverage on shares of Mettler-Toledo International in a report on Tuesday, June 24th. They set an "overweight" rating and a $1,325.00 price target for the company. Evercore ISI dropped their price target on shares of Mettler-Toledo International from $1,280.00 to $1,275.00 and set an "outperform" rating on the stock in a research report on Monday, August 4th. UBS Group raised Mettler-Toledo International from a "neutral" rating to a "buy" rating and lowered their price target for the company from $1,530.00 to $1,350.00 in a research note on Tuesday, May 20th. Finally, Jefferies Financial Group raised Mettler-Toledo International from an "underperform" rating to a "hold" rating and decreased their price objective for the company from $1,200.00 to $1,110.00 in a report on Monday, May 5th. Five equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $1,311.11.

Insider Activity at Mettler-Toledo International

In other news, Director Thomas P. Salice sold 1,062 shares of the business'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 transaction of $1,381,555.80. Following the completion of the sale, the director owned 283 shares in the company, valued at approximately $368,154.70. The trade was a 78.96% decrease in their position. The sale 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 stock in a transaction dated 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 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 ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 2,889 shares of company stock worth $3,603,054. 0.77% of the stock is owned by corporate insiders.

Mettler-Toledo International Stock Down 2.5%

MTD traded down $33.2650 on Monday, hitting $1,288.1850. The company's stock had a trading volume of 48,586 shares, compared to its average volume of 173,142. Mettler-Toledo International, Inc. has a 12 month low of $946.69 and a 12 month high of $1,521.01. The firm has a market cap of $26.54 billion, a P/E ratio of 32.61, a price-to-earnings-growth ratio of 3.97 and a beta of 1.34. The company's 50 day simple moving average is $1,227.64 and its 200-day simple moving average is $1,186.72.

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 earnings per share for the quarter, beating the consensus estimate of $9.58 by $0.51. The firm had revenue of $983.22 million during the quarter, compared to analysts' expectations of $957.41 million. Mettler-Toledo International had a net margin of 21.46% and a negative return on equity of 476.07%. The firm's quarterly revenue was up 3.9% on a year-over-year basis. During the same period in the previous year, the company earned $9.65 earnings per share. 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 predict 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.