Modern Wealth Management LLC Acquires New Stake in Mettler-Toledo International, Inc. $MTD

Key Points

• Modern Wealth Management LLC purchased 275 shares of Mettler-Toledo International, Inc. valued at approximately $325,000, as disclosed in a recent SEC filing.
• Institutional investors collectively own 95.07% of Mettler-Toledo's stock, indicating significant institutional interest in the company.
• Several analysts have rated Mettler-Toledo with a consensus of "Moderate Buy," with target prices ranging from $1,230.00 to $1,600.00, reflecting a positive outlook for the stock.

Modern Wealth Management LLC purchased a new stake in shares of Mettler-Toledo International, Inc. (NYSE:MTD - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 275 shares of the medical instruments supplier's stock, valued at approximately $325,000.

A number of other large investors also recently modified their holdings of MTD. Acadian Asset Management LLC grew its holdings in Mettler-Toledo International by 84.9% during the first quarter. Acadian Asset Management LLC now owns 2,513 shares of the medical instruments supplier's stock worth $2,965,000 after acquiring an additional 1,154 shares during the period. Geneos Wealth Management Inc. grew its holdings in Mettler-Toledo International by 83.3% during the first quarter. Geneos Wealth Management Inc. now owns 66 shares of the medical instruments supplier's stock worth $78,000 after acquiring an additional 30 shares during the period. Focus Partners Wealth grew its holdings in Mettler-Toledo International by 85.6% during the first quarter. Focus Partners Wealth now owns 3,195 shares of the medical instruments supplier's stock worth $3,774,000 after acquiring an additional 1,474 shares during the period. Ransom Advisory Ltd acquired a new position in Mettler-Toledo International during the first quarter worth about $125,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Mettler-Toledo International by 42.0% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 305,722 shares of the medical instruments supplier's stock worth $361,030,000 after acquiring an additional 90,395 shares during the period. 95.07% of the stock is owned by institutional investors and hedge funds.

Mettler-Toledo International Price Performance

Mettler-Toledo International stock traded down $22.26 during mid-day trading on Friday, reaching $1,264.84. 231,443 shares of the company were exchanged, compared to its average volume of 115,898. The company has a fifty day simple moving average of $1,264.75 and a 200-day simple moving average of $1,186.30. 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 $26.06 billion, a PE ratio of 32.03, a PEG ratio of 3.86 and a beta of 1.37.

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. The business had revenue of $983.22 million for 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 quarter in the previous year, the company posted $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. Sell-side analysts anticipate that Mettler-Toledo International, Inc. will post 42.71 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on MTD shares. Evercore ISI lowered their target price on Mettler-Toledo International from $1,280.00 to $1,275.00 and set an "outperform" rating on the stock in a report on Monday, August 4th. Robert W. Baird increased their price target on Mettler-Toledo International from $1,210.00 to $1,230.00 and gave the company a "neutral" rating in a research report on Monday, August 4th. Barclays started coverage on Mettler-Toledo International in a research report on Tuesday, June 24th. They issued an "overweight" rating and a $1,325.00 price target for the company. Citigroup raised their price objective on Mettler-Toledo International from $1,400.00 to $1,600.00 and gave the stock a "buy" rating in a research report on Thursday, August 21st. Finally, Bank of America lifted their price target on 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 equities research 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 has a consensus rating of "Moderate Buy" and an average target price of $1,311.11.

Insiders Place Their Bets

In other Mettler-Toledo International news, Director Thomas P. Salice sold 1,062 shares of Mettler-Toledo International 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 transaction, the director directly owned 283 shares of the company's stock, 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 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 value of $215,925.60. Following the transaction, the insider directly owned 94 shares in the company, valued at $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 have sold 1,827 shares of company stock valued at $2,371,208. 1.94% of the stock is currently owned by company insiders.

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.