Rafferty Asset Management LLC Lowers Stake in Mettler-Toledo International, Inc. $MTD

Key Points

• Rafferty Asset Management LLC reduced its stake in Mettler-Toledo International, decreasing its holdings by 19.3% to 1,936 shares, valued at approximately $2.29 million.
• Various hedge funds have significantly increased their positions in Mettler-Toledo, with GAMMA Investing LLC boosting its stake by a staggering 131,246.3%, owning now 386,158 shares worth about $456 million.
• Mettler-Toledo recently reported earnings with a EPS of $10.09, exceeding estimates of $9.58, while revenue for the quarter was about $983.22 million, up 3.9% from the last year.

Rafferty Asset Management LLC lowered its stake in Mettler-Toledo International, Inc. (NYSE:MTD - Free Report) by 19.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,936 shares of the medical instruments supplier's stock after selling 462 shares during the period. Rafferty Asset Management LLC's holdings in Mettler-Toledo International were worth $2,286,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in MTD. Epoch Investment Partners Inc. raised its stake in Mettler-Toledo International by 26.3% in the 1st quarter. Epoch Investment Partners Inc. now owns 119,269 shares of the medical instruments supplier's stock worth $140,846,000 after acquiring an additional 24,862 shares during the last quarter. Synovus Financial Corp increased its holdings in shares of Mettler-Toledo International by 33.4% in the first quarter. Synovus Financial Corp now owns 2,414 shares of the medical instruments supplier's stock valued at $2,851,000 after purchasing an additional 605 shares during the period. Walleye Trading LLC purchased a new position in shares of Mettler-Toledo International in the first quarter worth about $236,000. Walleye Capital LLC purchased a new position in shares of Mettler-Toledo International in the first quarter worth about $5,995,000. Finally, Sax Wealth Advisors LLC boosted its position in Mettler-Toledo International by 10.7% in the first quarter. Sax Wealth Advisors LLC now owns 362 shares of the medical instruments supplier's stock valued at $427,000 after buying an additional 35 shares during the last quarter. 95.07% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Mettler-Toledo International

In other news, CFO Shawn Vadala sold 300 shares of the 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 transaction, the chief financial officer owned 5,095 shares in the company, valued at approximately $6,750,875. This represents a 5.56% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Thomas P. Salice sold 1,062 shares of the stock in a transaction on Wednesday, August 13th. The shares were sold at an average price of $1,300.90, for a total transaction of $1,381,555.80. Following the completion of the transaction, the director directly owned 283 shares in the company, valued at $368,154.70. This trade represents a 78.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,827 shares of company stock valued at $2,371,208. 0.77% of the stock is owned by company insiders.

Mettler-Toledo International Stock Up 1.0%

Shares of MTD stock traded up $12.36 during mid-day trading on Thursday, hitting $1,280.96. 43,085 shares of the stock were exchanged, compared to its average volume of 171,307. Mettler-Toledo International, Inc. has a 52-week low of $946.69 and a 52-week high of $1,521.01. The company has a market cap of $26.39 billion, a PE ratio of 32.44, a price-to-earnings-growth ratio of 3.90 and a beta of 1.37. The firm has a fifty day moving average of $1,246.95 and a 200 day moving average of $1,186.57.

Mettler-Toledo International (NYSE:MTD - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The medical instruments supplier reported $10.09 earnings per share for the quarter, topping 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 during the quarter, compared to analysts' expectations of $957.41 million. During the same quarter in the prior year, the firm posted $9.65 EPS. Mettler-Toledo International's quarterly revenue 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. Equities analysts predict that Mettler-Toledo International, Inc. will post 42.71 EPS for the current year.

Analyst Ratings Changes

A number of research firms have issued reports on MTD. Citigroup raised their price target on shares of 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. UBS Group upgraded shares of Mettler-Toledo International from a "neutral" rating to a "buy" rating and cut their price objective for the stock from $1,530.00 to $1,350.00 in a research note on Tuesday, May 20th. 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 for the company in a research report on Monday, August 4th. Bank of America upped their price target on shares of Mettler-Toledo International from $1,200.00 to $1,260.00 and gave the company a "neutral" rating in a report on Thursday, June 26th. Finally, 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 objective for the company. Five investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, Mettler-Toledo International has a consensus rating of "Moderate Buy" and a consensus target price of $1,311.11.

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.