Quarry LP Has $450,000 Holdings in Mettler-Toledo International, Inc. $MTD

Key Points

• Quarry LP significantly increased its stake in Mettler-Toledo International by 333.0% in the first quarter, owning $450,000 worth of shares by the end of the reporting period.
• The company reported an EPS of $10.09 for its last quarter, surpassing analysts' expectations of $9.58, along with a year-over-year revenue increase of 3.9%.
• Institutional investors currently hold 95.07% of Mettler-Toledo's stock, indicating high interest from major financial entities in the company.

Quarry LP increased its stake in shares of Mettler-Toledo International, Inc. (NYSE:MTD - Free Report) by 333.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 381 shares of the medical instruments supplier's stock after purchasing an additional 293 shares during the period. Quarry LP's holdings in Mettler-Toledo International were worth $450,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in MTD. GAMMA Investing LLC grew its stake in shares of Mettler-Toledo International by 131,246.3% during the first quarter. GAMMA Investing LLC now owns 386,158 shares of the medical instruments supplier's stock worth $456,018,000 after purchasing an additional 385,864 shares during the period. Nuveen LLC acquired a new stake in shares of Mettler-Toledo International during the first quarter worth $71,897,000. AustralianSuper Pty Ltd grew its stake in Mettler-Toledo International by 60.4% in the first quarter. AustralianSuper Pty Ltd now owns 114,986 shares of the medical instruments supplier's stock valued at $135,788,000 after acquiring an additional 43,313 shares during the period. T. Rowe Price Investment Management Inc. grew its stake in Mettler-Toledo International by 11.9% in the first quarter. T. Rowe Price Investment Management Inc. now owns 406,189 shares of the medical instruments supplier's stock valued at $479,673,000 after acquiring an additional 43,082 shares during the period. Finally, Millennium Management LLC grew its stake in Mettler-Toledo International by 2,411.4% in the fourth quarter. Millennium Management LLC now owns 43,346 shares of the medical instruments supplier's stock valued at $53,042,000 after acquiring an additional 41,620 shares during the period. 95.07% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Gerry Keller sold 165 shares of the company's stock in a transaction dated 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 owned 94 shares in the company, valued at approximately $123,012.16. This represents 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 hyperlink. Also, CFO Shawn Vadala sold 300 shares of the company's stock in a transaction dated 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 sale, the chief financial officer owned 5,095 shares in the company, valued at $6,750,875. The trade was a 5.56% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,827 shares of company stock worth $2,371,208. Corporate insiders own 0.77% of the company's stock.

Analyst Upgrades and Downgrades

MTD has been the subject of a number of research analyst reports. Robert W. Baird boosted their target price on Mettler-Toledo International from $1,210.00 to $1,230.00 and gave the company a "neutral" rating in a research note on Monday, August 4th. UBS Group raised Mettler-Toledo International from a "neutral" rating to a "buy" rating and decreased their target price for the company from $1,530.00 to $1,350.00 in a research note on Tuesday, May 20th. Barclays initiated coverage on Mettler-Toledo International in a research note on Tuesday, June 24th. They issued an "overweight" rating and a $1,325.00 target price for the company. Citigroup boosted their target price on Mettler-Toledo International from $1,400.00 to $1,600.00 and gave the company a "buy" rating in a research note on Thursday, August 21st. Finally, 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 research note on Monday, August 4th. Five 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.com, the company has an average rating of "Moderate Buy" and a consensus price target of $1,311.11.

Mettler-Toledo International Trading Up 1.5%

Shares of Mettler-Toledo International stock traded up $19.03 during trading on Thursday, reaching $1,287.63. The stock had a trading volume of 96,460 shares, compared to its average volume of 171,640. The company has a market capitalization of $26.53 billion, a price-to-earnings ratio of 32.61, a P/E/G ratio of 3.90 and a beta of 1.37. The stock has a fifty day moving average price of $1,246.95 and a two-hundred day moving average price of $1,186.57. Mettler-Toledo International, Inc. has a 52 week low of $946.69 and a 52 week high of $1,521.01.

Mettler-Toledo International (NYSE:MTD - Get Free Report) last released its earnings results on Thursday, July 31st. The medical instruments supplier reported $10.09 earnings per share (EPS) for the quarter, topping the consensus estimate 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 business had revenue of $983.22 million for the quarter, compared to analyst estimates of $957.41 million. During the same quarter in the prior year, the company posted $9.65 earnings per share. Mettler-Toledo International's 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. On average, equities analysts forecast that Mettler-Toledo International, Inc. will post 42.71 EPS for the current fiscal year.

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.