Mettler-Toledo International, Inc. $MTD Stock Position Lessened by Pensionfund Sabic

Key Points

• Pensionfund Sabic reduced its stakes in Mettler-Toledo International by 21.7%, ending the first quarter with 900 shares valued at approximately $1,063,000 after selling 250 shares.
• There has been significant activity among large investors, with Voya Investment Management increasing its holdings by 74.7% to own 81,094 shares valued at $95,764,000.
• Mettler-Toledo International's stock has a current average rating of "Moderate Buy" from analysts, with a consensus target price of $1,311.11 despite a recent stock decline of 1.9%.

Pensionfund Sabic decreased its holdings in Mettler-Toledo International, Inc. (NYSE:MTD - Free Report) by 21.7% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 900 shares of the medical instruments supplier's stock after selling 250 shares during the quarter. Pensionfund Sabic's holdings in Mettler-Toledo International were worth $1,063,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in MTD. GAMMA Investing LLC grew its holdings in Mettler-Toledo International by 131,246.3% in the 1st quarter. GAMMA Investing LLC now owns 386,158 shares of the medical instruments supplier's stock valued at $456,018,000 after buying an additional 385,864 shares during the period. Alliancebernstein L.P. grew its holdings in shares of Mettler-Toledo International by 21.6% during the 1st quarter. Alliancebernstein L.P. now owns 709,328 shares of the medical instruments supplier's stock worth $837,653,000 after purchasing an additional 126,147 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of Mettler-Toledo International by 42.0% during the 1st 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 purchasing an additional 90,395 shares during the period. Nuveen LLC purchased a new stake in shares of Mettler-Toledo International during the 1st quarter worth about $71,897,000. Finally, Jones Financial Companies Lllp grew its holdings in shares of Mettler-Toledo International by 27,938.9% during the 1st quarter. Jones Financial Companies Lllp now owns 49,068 shares of the medical instruments supplier's stock worth $57,945,000 after purchasing an additional 48,893 shares during the period. Hedge funds and other institutional investors own 95.07% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on MTD. Bank of America boosted their target price on 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. Evercore ISI decreased their target price on Mettler-Toledo International from $1,280.00 to $1,275.00 and set an "outperform" rating for the company in a report on Monday, August 4th. Barclays started coverage on Mettler-Toledo International in a report on Tuesday, June 24th. They set an "overweight" rating and a $1,325.00 target price for the company. Citigroup boosted their price target 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, Robert W. Baird boosted their price target on 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. Five analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, Mettler-Toledo International presently has an average rating of "Moderate Buy" and an average price target of $1,311.11.

Mettler-Toledo International Stock Down 1.7%

Shares of MTD traded down $21.46 during trading on Friday, reaching $1,265.64. The company's stock had a trading volume of 38,785 shares, compared to its average volume of 167,948. The company has a fifty day moving average of $1,263.93 and a two-hundred day moving average of $1,186.15. Mettler-Toledo International, Inc. has a twelve month low of $946.69 and a twelve month high of $1,521.01. The company has a market cap of $26.07 billion, a price-to-earnings ratio of 32.04, a P/E/G ratio of 3.82 and a beta of 1.37.

Mettler-Toledo International (NYSE:MTD - Get Free Report) last announced its earnings results on Thursday, July 31st. The medical instruments supplier reported $10.09 earnings per share (EPS) for the quarter, beating 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 company had revenue of $983.22 million for the quarter, compared to analyst estimates of $957.41 million. During the same period in the prior year, the company posted $9.65 EPS. Mettler-Toledo International's quarterly revenue was up 3.9% on a year-over-year basis. 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 forecast that Mettler-Toledo International, Inc. will post 42.71 EPS for the current fiscal year.

Insider Activity at Mettler-Toledo International

In related news, insider Gerry Keller sold 165 shares of the company's stock in a transaction that occurred on 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 sale, the insider directly owned 94 shares of the company's stock, valued at approximately $123,012.16. This represents a 63.71% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Shawn Vadala sold 300 shares of the company's stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $1,325.00, for a total value of $397,500.00. Following the transaction, the chief financial officer owned 5,095 shares of the company's stock, valued at approximately $6,750,875. The trade was a 5.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,827 shares of company stock valued at $2,371,208. Corporate insiders own 1.94% of the company's stock.

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.