Pictet Asset Management Holding SA Sells 2,332 Shares of Mettler-Toledo International, Inc. $MTD

Key Points

• Pictet Asset Management Holding SA reduced its stake in Mettler‑Toledo by 15.8%, selling 2,332 shares and finishing the quarter with 12,408 shares valued at about $17.3 million.
• Other institutions reweighted heavily—most notably M&T Bank increased its holding to 124,205 shares (up ~2,813.6%)—leaving institutional investors with roughly 95.07% ownership of MTD.
• Mettler‑Toledo beat quarterly expectations with EPS $13.36 (versus $12.76 est.) and $1.13B revenue, and analysts show a consensus "Moderate Buy" rating with an average target near $1,459.58, while the CFO sold 800 shares.

Pictet Asset Management Holding SA decreased its stake in Mettler-Toledo International, Inc. (NYSE:MTD - Free Report) by 15.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,408 shares of the medical instruments supplier's stock after selling 2,332 shares during the period. Pictet Asset Management Holding SA owned 0.06% of Mettler-Toledo International worth $17,299,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of MTD. M&T Bank Corp increased its position in shares of Mettler-Toledo International by 2,813.6% during the 4th quarter. M&T Bank Corp now owns 124,205 shares of the medical instruments supplier's stock worth $173,165,000 after purchasing an additional 119,942 shares during the last quarter. Rakuten Investment Management Inc. bought a new position in shares of Mettler-Toledo International in the third quarter valued at $121,021,000. Alliancebernstein L.P. increased its holdings in Mettler-Toledo International by 10.7% during the third quarter. Alliancebernstein L.P. now owns 793,927 shares of the medical instruments supplier's stock worth $974,633,000 after buying an additional 76,478 shares during the last quarter. Thrivent Financial for Lutherans raised its position in Mettler-Toledo International by 752.2% during the third quarter. Thrivent Financial for Lutherans now owns 73,586 shares of the medical instruments supplier's stock worth $90,335,000 after acquiring an additional 64,951 shares in the last quarter. Finally, Bank of America Corp DE lifted its stake in Mettler-Toledo International by 56.8% in the third quarter. Bank of America Corp DE now owns 128,116 shares of the medical instruments supplier's stock valued at $157,276,000 after acquiring an additional 46,402 shares during the last quarter. Institutional investors and hedge funds own 95.07% of the company's stock.

Mettler-Toledo International Stock Performance

NYSE MTD opened at $1,270.10 on Friday. The stock has a market cap of $25.72 billion, a PE ratio of 30.15, a P/E/G ratio of 2.68 and a beta of 1.31. The firm has a 50-day moving average of $1,280.49 and a 200-day moving average of $1,367.11. Mettler-Toledo International, Inc. has a 52-week low of $1,049.21 and a 52-week high of $1,525.17.

Mettler-Toledo International (NYSE:MTD - Get Free Report) last announced its quarterly earnings results on Friday, February 6th. The medical instruments supplier reported $13.36 EPS for the quarter, beating analysts' consensus estimates of $12.76 by $0.60. The business had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.10 billion. Mettler-Toledo International had a net margin of 21.59% and a negative return on equity of 495.07%. Mettler-Toledo International's quarterly revenue was up 8.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $12.41 EPS. As a group, analysts predict that Mettler-Toledo International, Inc. will post 46.51 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CFO Shawn Vadala sold 800 shares of the business's stock in a transaction on Tuesday, February 10th. The stock was sold at an average price of $1,410.12, for a total value of $1,128,096.00. Following the completion of the sale, the chief financial officer directly owned 5,288 shares in the company, valued at $7,456,714.56. The trade was a 13.14% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 0.71% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on MTD. Wall Street Zen upgraded shares of Mettler-Toledo International from a "hold" rating to a "buy" rating in a research note on Saturday, February 14th. Jefferies Financial Group upgraded shares of Mettler-Toledo International from a "hold" rating to a "buy" rating and raised their target price for the company from $1,400.00 to $1,450.00 in a research note on Friday, March 20th. Morgan Stanley reduced their price target on Mettler-Toledo International from $1,550.00 to $1,475.00 and set an "equal weight" rating for the company in a report on Tuesday, February 10th. Finally, Barclays dropped their price objective on Mettler-Toledo International from $1,550.00 to $1,500.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 14th. Seven equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $1,459.58.

Mettler-Toledo International Profile

Mettler-Toledo International Inc is a global manufacturer and distributor of precision instruments and services for laboratory, industrial and food retail applications. The company's product portfolio includes laboratory balances and analytical instruments, industrial weighing systems, process analytics and sensors, metal detection and x-ray inspection equipment, checkweighers, and a range of automated inspection and data-management solutions. Mettler-Toledo also provides software, calibration and lifecycle services intended to support compliance, quality control and operational efficiency across customer facilities.

The company serves a broad set of end markets including pharmaceutical and biotech laboratories, chemical and food processors, logistics and manufacturing operations, and retail environments where accurate weighing and inspection are critical.

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