Okabena Investment Services Inc. Raises Stock Position in Mettler-Toledo International, Inc. $MTD

Key Points

• Okabena Investment Services Inc. increased its stake in Mettler-Toledo International by 182.9%, owning 495 shares valued at approximately $585,000 as of its latest SEC filing.
• Insiders at Mettler-Toledo International sold a total of 1,827 shares worth over $2.37 million in the last ninety days, with CFO Shawn Vadala and another insider significantly reducing their positions.
• Several research firms have mixed ratings on Mettler-Toledo International, with a consensus rating of "Moderate Buy" and an average price target of $1,311.11.

Okabena Investment Services Inc. increased its position in shares of Mettler-Toledo International, Inc. (NYSE:MTD - Free Report) by 182.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 495 shares of the medical instruments supplier's stock after purchasing an additional 320 shares during the period. Okabena Investment Services Inc.'s holdings in Mettler-Toledo International were worth $585,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of MTD. Zions Bancorporation National Association UT purchased a new stake in Mettler-Toledo International in the 1st quarter worth $43,000. Golden State Wealth Management LLC lifted its stake in Mettler-Toledo International by 583.3% in the 1st quarter. Golden State Wealth Management LLC now owns 41 shares of the medical instruments supplier's stock worth $48,000 after purchasing 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. lifted its stake in Mettler-Toledo International by 520.0% in the 1st quarter. Blue Trust Inc. now owns 62 shares of the medical instruments supplier's stock worth $73,000 after purchasing an additional 52 shares in the last quarter. Finally, Farther Finance Advisors LLC lifted its stake in 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 worth $103,000 after purchasing an additional 25 shares in the last quarter. 95.07% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

MTD has been the topic of several research analyst reports. Evercore ISI decreased 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 note on Monday, August 4th. Wall Street Zen cut shares of Mettler-Toledo International from a "buy" rating to a "hold" rating in a research note on Monday, May 5th. Wells Fargo & Company boosted their price target on shares of Mettler-Toledo International from $1,125.00 to $1,200.00 and gave the stock an "equal weight" rating in a research note on Monday, May 5th. Robert W. Baird boosted 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 report on Monday, August 4th. Finally, Citigroup increased their price target on shares of Mettler-Toledo International from $1,400.00 to $1,600.00 and gave the company a "buy" rating in a report on Thursday, August 21st. Five equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the company currently 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 the stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $1,300.90, for a total value of $1,381,555.80. Following the sale, the director owned 283 shares in the company, valued at $368,154.70. This trade represents a 78.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Gerry Keller sold 165 shares of the stock in a transaction on 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 completion of the sale, the insider owned 94 shares in the company, valued at approximately $123,012.16. The trade was a 63.71% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,827 shares of company stock worth $2,371,208 over the last quarter. Company insiders own 0.77% of the company's stock.

Mettler-Toledo International Stock Up 1.5%

NYSE:MTD traded up $19.63 during mid-day trading on Monday, hitting $1,302.74. 100,599 shares of the stock traded hands, compared to its average volume of 139,541. The stock has a market capitalization of $26.84 billion, a price-to-earnings ratio of 32.99, a PEG ratio of 3.90 and a beta of 1.37. Mettler-Toledo International, Inc. has a 52 week low of $946.69 and a 52 week high of $1,521.01. The firm's 50 day moving average is $1,240.96 and its two-hundred day moving average is $1,185.17.

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 EPS for the quarter, beating the consensus estimate of $9.58 by $0.51. The company had revenue of $983.22 million for the quarter, compared to the consensus estimate 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 revenue was up 3.9% compared to the same quarter last year. During the same period in the prior year, the firm 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. As a group, research analysts predict that Mettler-Toledo International, Inc. will post 42.71 EPS for the current 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.