Martin Currie Ltd. Buys 2,180 Shares of Mettler-Toledo International, Inc. $MTD

Key Points

• Martin Currie Ltd. increased its stake in Mettler-Toledo International by 3.9% in Q1, now holding approximately $68.5 million worth of shares, accounting for about 2.8% of its portfolio.
• GAMMA Investing LLC dramatically boosted its position in Mettler-Toledo by over 131,000%, now owning nearly $456 million worth of the company's stock.
• Recent analyst upgrades include UBS Group raising its rating from "neutral" to "buy" and adjusting the price target to $1,350, reflecting positive sentiment around Mettler-Toledo's market performance.

Martin Currie Ltd. increased its position in Mettler-Toledo International, Inc. (NYSE:MTD - Free Report) by 3.9% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 57,992 shares of the medical instruments supplier's stock after purchasing an additional 2,180 shares during the period. Mettler-Toledo International makes up approximately 2.8% of Martin Currie Ltd.'s holdings, making the stock its 12th biggest position. Martin Currie Ltd. owned 0.28% of Mettler-Toledo International worth $68,483,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in MTD. Zions Bancorporation National Association UT bought a new position in Mettler-Toledo International during the first quarter valued at approximately $43,000. Golden State Wealth Management LLC lifted its holdings in shares of Mettler-Toledo International by 583.3% during 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 bought a new stake in shares of Mettler-Toledo International in the fourth quarter worth $67,000. Blue Trust Inc. boosted its position in Mettler-Toledo International by 520.0% in the first quarter. Blue Trust Inc. now owns 62 shares of the medical instruments supplier's stock worth $73,000 after purchasing an additional 52 shares during the last quarter. Finally, Farther Finance Advisors LLC boosted its holdings in shares of Mettler-Toledo International by 39.1% in the first quarter. Farther Finance Advisors LLC now owns 89 shares of the medical instruments supplier's stock worth $103,000 after buying an additional 25 shares during the last quarter. 95.07% of the stock is currently owned by hedge funds and other institutional investors.

Mettler-Toledo International Price Performance

Shares of NYSE:MTD traded up $12.2650 during trading hours on Tuesday, hitting $1,323.5850. 93,312 shares of the company's stock traded hands, compared to its average volume of 174,053. The firm has a market capitalization of $27.27 billion, a P/E ratio of 33.52, a price-to-earnings-growth ratio of 3.94 and a beta of 1.34. The business has a fifty day moving average price of $1,218.04 and a 200-day moving average price of $1,187.89. Mettler-Toledo International, Inc. has a 1 year low of $946.69 and a 1 year high of $1,521.01.

Mettler-Toledo International (NYSE:MTD - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The medical instruments supplier reported $10.09 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $9.58 by $0.51. The firm had revenue of $983.22 million during the quarter, compared to analyst estimates of $957.41 million. Mettler-Toledo International had a negative return on equity of 476.07% and a net margin of 21.46%.Mettler-Toledo International's quarterly revenue was up 3.9% compared to the same quarter last year. During the same period last year, the company earned $9.65 EPS. Mettler-Toledo International has set its FY 2025 guidance at 42.100-42.600 EPS. Q3 2025 guidance at 10.550-10.750 EPS. As a group, equities analysts predict that Mettler-Toledo International, Inc. will post 42.71 earnings per share for the current year.

Insider Transactions at Mettler-Toledo International

In related news, CFO Shawn Vadala sold 300 shares of Mettler-Toledo International stock in a transaction dated Friday, August 8th. The stock was 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 directly owned 5,095 shares in the company, valued at $6,389,588.55. The trade was a 5.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Thomas P. Salice sold 1,062 shares of the company's stock in a transaction dated Wednesday, August 13th. The stock was 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 directly owned 283 shares of the company's stock, valued at approximately $368,154.70. This trade represents a 78.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 2,589 shares of company stock valued at $3,205,554. Company insiders own 0.77% of the company's stock.

Analyst Ratings Changes

A number of analysts have commented on MTD shares. Evercore ISI reduced their price target on 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. Barclays started coverage on Mettler-Toledo International in a research note on Tuesday, June 24th. They issued an "overweight" rating and a $1,325.00 price target for the company. Jefferies Financial Group upgraded Mettler-Toledo International from an "underperform" rating to a "hold" rating and lowered their price objective for the company from $1,200.00 to $1,110.00 in a research report on Monday, May 5th. Robert W. Baird upped their target price on shares of Mettler-Toledo International from $1,210.00 to $1,230.00 and gave the stock a "neutral" rating in a research report on Monday, August 4th. Finally, Bank of America lifted 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 report on Thursday, June 26th. Five investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $1,288.89.

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.