PineStone Asset Management Inc. Has $392.77 Million Stock Holdings in Mettler-Toledo International, Inc. $MTD

Key Points

• PineStone Asset Management Inc. has increased its stake in Mettler-Toledo International, Inc. by 41.9%, now holding approximately $392.77 million worth of shares.
• Mettler-Toledo's Q2 earnings of $10.09 EPS surpassed analyst expectations, leading to a revenue increase of 3.9% year-over-year.
• Institutional investors own 95.07% of Mettler-Toledo's stock, indicating strong institutional interest in the company.

PineStone Asset Management Inc. raised its position in Mettler-Toledo International, Inc. (NYSE:MTD - Free Report) by 41.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 334,349 shares of the medical instruments supplier's stock after buying an additional 98,737 shares during the quarter. Mettler-Toledo International comprises about 2.5% of PineStone Asset Management Inc.'s portfolio, making the stock its 13th largest position. PineStone Asset Management Inc. owned about 1.61% of Mettler-Toledo International worth $392,766,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. boosted its stake in shares of Mettler-Toledo International by 1.2% in the 1st quarter. Vanguard Group Inc. now owns 2,543,365 shares of the medical instruments supplier's stock valued at $3,003,485,000 after purchasing an additional 30,535 shares in the last quarter. Alliancebernstein L.P. raised its position in shares of Mettler-Toledo International by 21.6% during the first quarter. Alliancebernstein L.P. now owns 709,328 shares of the medical instruments supplier's stock worth $837,653,000 after acquiring an additional 126,147 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of Mettler-Toledo International by 5.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 481,011 shares of the medical instruments supplier's stock valued at $568,032,000 after purchasing an additional 25,272 shares during the last quarter. T. Rowe Price Investment Management Inc. raised its position in shares of Mettler-Toledo International by 11.9% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 406,189 shares of the medical instruments supplier's stock worth $479,673,000 after acquiring an additional 43,082 shares in the last quarter. Finally, GAMMA Investing LLC lifted its stake in Mettler-Toledo International by 131,246.3% in the first 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. 95.07% of the stock is currently owned by institutional investors.

Mettler-Toledo International Trading Down 2.6%

Shares of NYSE MTD opened at $1,210.34 on Friday. The stock has a market cap of $24.93 billion, a price-to-earnings ratio of 30.65, a P/E/G ratio of 3.73 and a beta of 1.37. The stock's 50-day moving average is $1,269.11 and its 200 day moving average is $1,185.26. Mettler-Toledo International, Inc. has a 1-year low of $946.69 and a 1-year high of $1,521.01.

Mettler-Toledo International (NYSE:MTD - Get Free Report) last released its quarterly earnings data 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 net margin of 21.46% and a negative return on equity of 476.07%. The firm had revenue of $983.22 million for the quarter, compared to analysts' expectations of $957.41 million. During the same quarter in the previous year, the company earned $9.65 earnings per share. The company's revenue for the quarter was up 3.9% compared to the same quarter last year. 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 forecast that Mettler-Toledo International, Inc. will post 42.71 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on MTD. Barclays began coverage on Mettler-Toledo International in a research note on Tuesday, June 24th. They set an "overweight" rating and a $1,325.00 price target on the stock. 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. Bank of America increased their target price on shares of Mettler-Toledo International from $1,260.00 to $1,390.00 and gave the company a "neutral" rating in a research report on Monday. Citigroup upped their price objective 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. Finally, Evercore ISI reduced their price target on Mettler-Toledo International from $1,280.00 to $1,275.00 and set an "outperform" rating for the company in a research report on Monday, August 4th. Five research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $1,325.56.

Insiders Place Their Bets

In other Mettler-Toledo International news, insider Gerry Keller sold 165 shares of Mettler-Toledo International 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. The trade was a 63.71% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Shawn Vadala sold 300 shares of the business's stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $1,325.00, for a total transaction of $397,500.00. Following the sale, the chief financial officer owned 5,095 shares in the company, valued at approximately $6,750,875. This trade represents a 5.56% decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,827 shares of company stock worth $2,371,208 over the last three months. Company 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.

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