Mettler-Toledo International, Inc. $MTD Stock Sold by Candriam S.C.A.

Key Points

• Candriam S.C.A. cut its Mettler-Toledo stake by 83.4% in the third quarter, selling 18,369 shares and retaining 3,668 shares valued at about $5.6 million. Institutional investors collectively own 95.07% of the company.
• Mettler-Toledo reported quarterly EPS of $12.57, beating the $12.13 consensus, and revenue of $1.09 billion, ahead of expectations and up 6.3% year over year.
• Analyst views remain mixed: the consensus rating is Hold with a $1,595.77 price target, while some firms raised targets to $1,900 and others maintained neutral or sell ratings.

Candriam S.C.A. decreased its position in Mettler-Toledo International, Inc. (NYSE:MTD - Free Report) by 83.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,668 shares of the medical instruments supplier's stock after selling 18,369 shares during the period. Candriam S.C.A.'s holdings in Mettler-Toledo International were worth $5,562,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Edmond DE Rothschild Holding S.A. purchased a new stake in Mettler-Toledo International in the second quarter worth $26,000. Transamerica Financial Advisors LLC bought a new stake in shares of Mettler-Toledo International in the second quarter valued at $32,000. Provenance Wealth Advisors LLC bought a new stake in shares of Mettler-Toledo International in the third quarter valued at $54,000. Principia Wealth Advisory LLC raised its stake in shares of Mettler-Toledo International by 2,050.0% in the second quarter. Principia Wealth Advisory LLC now owns 43 shares of the medical instruments supplier's stock valued at $55,000 after buying an additional 41 shares during the period. Finally, Root Financial Partners LLC purchased a new position in shares of Mettler-Toledo International during the 3rd quarter valued at $56,000. 95.07% of the stock is owned by institutional investors.

More Mettler-Toledo International News

Here are the key news stories impacting Mettler-Toledo International this week:

• Positive Sentiment: Barclays raised its target from $1,700 to $1,900 and maintained an overweight rating; Stifel lifted its target from $1,600 to $1,900 and assigned a buy rating. Both targets imply further upside from the reference share price of $1,749.74. Barclays price target article Stifel price target article
• Neutral Sentiment: Robert W. Baird raised its target from $1,608 to $1,815 but kept a neutral rating. JPMorgan also retained a neutral rating despite lifting its target from $1,550 to $1,725. Goldman Sachs raised its target from $1,510 to $1,640, still below the reference share price—signaling that analyst views remain divided. Baird price target article Goldman Sachs price target article
• Negative Sentiment: Insider Gerry Keller sold 435 shares for about $754,000, reducing his direct holding by 62.68% to 259 shares. Insider sales can weigh on sentiment, though the filing alone does not indicate the reason for the transaction. SEC insider transaction filing

Insider Buying and Selling at Mettler-Toledo International

In other news, CEO Patrick Kaltenbach sold 942 shares of Mettler-Toledo International stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $1,425.00, for a total value of $1,342,350.00. Following the completion of the transaction, the chief executive officer directly owned 4,480 shares in the company, valued at approximately $6,384,000. The trade was a 17.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Gerry Keller sold 435 shares of the business's stock in a transaction on Monday, November 9th. The shares were sold at an average price of $1,734.05, for a total value of $754,311.75. Following the sale, the insider owned 259 shares in the company, valued at approximately $449,118.95. The trade was a 62.68% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.71% of the stock is currently owned by insiders.

Analyst Ratings Changes

MTD has been the subject of several research reports. Wells Fargo & Company increased their price target on Mettler-Toledo International from $1,225.00 to $1,450.00 and gave the stock an "equal weight" rating in a research note on Monday, August 3rd. UBS Group started coverage on Mettler-Toledo International in a report on Wednesday, September 9th. They issued a "neutral" rating and a $1,460.00 price objective for the company. Stifel Nicolaus boosted their price objective on Mettler-Toledo International from $1,600.00 to $1,900.00 and gave the company a "buy" rating in a research note on Monday. Weiss Ratings raised shares of Mettler-Toledo International from a "hold (c+)" rating to a "buy (b-)" rating in a report on Monday, October 19th. Finally, Rothschild & Co Redburn assumed coverage on shares of Mettler-Toledo International in a report on Wednesday, September 2nd. They set a "sell" rating and a $1,200.00 price objective on the stock. Six research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Mettler-Toledo International currently has a consensus rating of "Hold" and a consensus price target of $1,595.77.

Mettler-Toledo International Stock Down 0.7%

Mettler-Toledo International stock opened at $1,749.74 on Wednesday. Mettler-Toledo International, Inc. has a 1-year low of $1,023.05 and a 1-year high of $1,806.58. The firm has a market capitalization of $34.80 billion, a price-to-earnings ratio of 37.91, a P/E/G ratio of 3.52 and a beta of 1.16. The company has a current ratio of 1.10, a quick ratio of 0.75 and a debt-to-equity ratio of 25.28. The firm has a 50 day simple moving average of $1,538.82 and a 200 day simple moving average of $1,349.09.

Mettler-Toledo International (NYSE:MTD - Get Free Report) last issued its earnings results on Thursday, November 5th. The medical instruments supplier reported $12.57 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $12.13 by $0.44. The business had revenue of $1.09 billion for the quarter, compared to analysts' expectations of $1.07 billion. Mettler-Toledo International had a net margin of 22.25% and a return on equity of 15,012.71%. The business's revenue for the quarter was up 6.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $11.15 EPS. On average, analysts predict that Mettler-Toledo International, Inc. will post 47.83 earnings per share for the current year.

Mettler-Toledo International Profile

Mettler-Toledo International develops and manufactures precision instruments and systems used in laboratory, industrial, and retail settings. Its products include laboratory balances and analytical instruments, industrial scales and weighing systems, and equipment for measuring and monitoring production processes. The company also supplies product-inspection systems, including checkweighers, metal detectors, and X-ray inspection equipment, along with related software, installation, maintenance, and calibration services.

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