HighTower Advisors LLC Sells 2,571 Shares of Mettler-Toledo International, Inc. $MTD

Key Points

• HighTower Advisors LLC has reduced its holdings in Mettler-Toledo International by 7.6%, selling 2,571 shares, and now owns about 31,444 shares valued at $37.13 million.
• Mettler-Toledo reported earnings of $10.09 EPS for the last quarter, surpassing estimates by $0.51, with revenue rising by 3.9% year-over-year.
• Institutional investors hold a majority stake of 95.07% in Mettler-Toledo, indicating strong institutional confidence in the company's performance.

HighTower Advisors LLC cut its stake in Mettler-Toledo International, Inc. (NYSE:MTD - Free Report) by 7.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 31,444 shares of the medical instruments supplier's stock after selling 2,571 shares during the quarter. HighTower Advisors LLC owned approximately 0.15% of Mettler-Toledo International worth $37,133,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Advisory Services Network LLC boosted its holdings in shares of Mettler-Toledo International by 61.9% during the fourth quarter. Advisory Services Network LLC now owns 314 shares of the medical instruments supplier's stock worth $384,000 after acquiring an additional 120 shares during the period. Townsquare Capital LLC boosted its stake in Mettler-Toledo International by 39.2% in the 4th quarter. Townsquare Capital LLC now owns 643 shares of the medical instruments supplier's stock valued at $787,000 after purchasing an additional 181 shares during the period. Jump Financial LLC bought a new stake in Mettler-Toledo International in the 4th quarter valued at $3,426,000. NewEdge Advisors LLC grew its holdings 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 buying an additional 101 shares in the last quarter. Finally, Farringdon Capital Ltd. bought a new position in Mettler-Toledo International during the 4th quarter worth $841,000. Institutional investors own 95.07% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on MTD. Wells Fargo & Company lifted their price target 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. Jefferies Financial Group raised Mettler-Toledo International from an "underperform" rating to a "hold" rating and dropped their price objective for the company from $1,200.00 to $1,110.00 in a report on Monday, May 5th. Robert W. Baird increased their target price on Mettler-Toledo International from $1,210.00 to $1,230.00 and gave the stock a "neutral" rating in a report on Monday, August 4th. UBS Group upgraded Mettler-Toledo International from a "neutral" rating to a "buy" rating and decreased their price target for the stock from $1,530.00 to $1,350.00 in a research report on Tuesday, May 20th. Finally, 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. Five analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, Mettler-Toledo International presently has an average rating of "Moderate Buy" and a consensus target price of $1,288.89.

Mettler-Toledo International Stock Performance

Shares of MTD traded up $14.76 during trading hours on Tuesday, reaching $1,326.08. The stock had a trading volume of 20,835 shares, compared to its average volume of 173,826. Mettler-Toledo International, Inc. has a 12 month low of $946.69 and a 12 month high of $1,521.01. The stock has a market capitalization of $27.32 billion, a PE ratio of 33.50, a PEG ratio of 3.94 and a beta of 1.34. The company's 50-day moving average is $1,218.04 and its two-hundred day moving average is $1,187.89.

Mettler-Toledo International (NYSE:MTD - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The medical instruments supplier reported $10.09 earnings per share for the quarter, topping analysts' consensus estimates 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 business had revenue of $983.22 million for the quarter, compared to analyst estimates of $957.41 million. During the same quarter in the previous year, the company posted $9.65 EPS. Mettler-Toledo International'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 analysts anticipate that Mettler-Toledo International, Inc. will post 42.71 earnings per share for the current fiscal year.

Insider Buying and Selling at Mettler-Toledo International

In other Mettler-Toledo International news, insider Gerry Keller sold 165 shares of Mettler-Toledo International stock in a transaction dated Thursday, August 14th. The stock was sold at an average price of $1,308.64, for a total transaction of $215,925.60. Following the transaction, 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Shawn Vadala sold 300 shares of the company's stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $1,254.09, for a total value of $376,227.00. Following the completion of the sale, the chief financial officer owned 5,095 shares in the company, valued at $6,389,588.55. This trade represents a 5.56% decrease in their position. 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. Corporate insiders own 0.77% of the company's stock.

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.