Mettler-Toledo International, Inc. $MTD Shares Purchased by OMERS ADMINISTRATION Corp

Key Points

• OMERS ADMINISTRATION Corp increased its stake in Mettler-Toledo International by 25.4%, bringing its total to 2,196 shares valued at approximately $2.59 million.
• In recent insider activity, executives Gerry Keller and Thomas P. Salice sold significant portions of their shares, resulting in decreases of 63.71% and 78.96% in their respective holdings.
• Mettler-Toledo International reported a net margin of 21.46% and quarterly revenue of $983.22 million, surpassing analysts' expectations, with EPS guidance for FY 2025 set at 42.100-42.600.

OMERS ADMINISTRATION Corp boosted its holdings in shares of Mettler-Toledo International, Inc. (NYSE:MTD - Free Report) by 25.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,196 shares of the medical instruments supplier's stock after acquiring an additional 445 shares during the period. OMERS ADMINISTRATION Corp's holdings in Mettler-Toledo International were worth $2,593,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently modified their holdings of the business. Zions Bancorporation National Association UT bought a new position in shares of Mettler-Toledo International during the first quarter worth about $43,000. Golden State Wealth Management LLC raised its holdings 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 valued at $48,000 after acquiring an additional 35 shares during the period. Menard Financial Group LLC acquired a new stake in Mettler-Toledo International during the 4th quarter worth approximately $67,000. Blue Trust Inc. boosted its position in shares of Mettler-Toledo International by 520.0% in the first quarter. Blue Trust Inc. now owns 62 shares of the medical instruments supplier's stock valued at $73,000 after acquiring an additional 52 shares during the period. Finally, Farther Finance Advisors LLC grew its position in shares of Mettler-Toledo International by 39.1% during 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. Institutional investors and hedge funds own 95.07% of the company's stock.

Analyst Ratings Changes

Several research firms recently commented on MTD. Robert W. Baird lifted 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. Bank of America upped their price objective on shares of Mettler-Toledo International from $1,200.00 to $1,260.00 and gave the stock a "neutral" rating in a report on Thursday, June 26th. Barclays began coverage on Mettler-Toledo International in a report on Tuesday, June 24th. They issued an "overweight" rating and a $1,325.00 target price for the company. UBS Group upgraded Mettler-Toledo International from a "neutral" rating to a "buy" rating and lowered their price objective for the company from $1,530.00 to $1,350.00 in a research note on Tuesday, May 20th. Finally, Evercore ISI decreased their target price on shares of 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. Five equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $1,311.11.

Mettler-Toledo International Stock Performance

Shares of Mettler-Toledo International stock traded down $6.53 on Wednesday, hitting $1,269.47. 64,540 shares of the company's stock were exchanged, compared to its average volume of 171,770. Mettler-Toledo International, Inc. has a 1 year low of $946.69 and a 1 year high of $1,521.01. The company has a 50-day simple moving average of $1,245.52 and a 200-day simple moving average of $1,186.01. The stock has a market capitalization of $26.15 billion, a PE ratio of 32.16, a PEG ratio of 3.90 and a beta of 1.37.

Mettler-Toledo International (NYSE:MTD - Get Free Report) last issued its earnings results on Thursday, July 31st. The medical instruments supplier reported $10.09 earnings per share (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 negative return on equity of 476.07% and a net margin of 21.46%.The firm's quarterly revenue was up 3.9% on a year-over-year basis. During the same quarter 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. On average, analysts expect that Mettler-Toledo International, Inc. will post 42.71 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Gerry Keller sold 165 shares of Mettler-Toledo International stock in a transaction that occurred on Thursday, August 14th. The shares were sold at an average price of $1,308.64, for a total transaction of $215,925.60. Following the completion of the sale, the insider owned 94 shares of the company's stock, valued at approximately $123,012.16. The trade was a 63.71% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Shawn Vadala sold 300 shares of the stock in a transaction on 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 transaction, 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 position. The disclosure for this sale can be found here. Insiders sold 1,827 shares of company stock valued at $2,371,208 over the last three months. 0.77% of the stock is 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.