Mettler-Toledo International, Inc. $MTD Shares Acquired by Resona Asset Management Co. Ltd.

Key Points

• Resona Asset Management Co. Ltd. increased its stock position in Mettler-Toledo International by 4.4%, holding 6,791 shares valued at approximately $8 million at the end of the reported period.
• Several hedge funds have actively adjusted their positions in Mettler-Toledo, with institutional investors owning 95.07% of the company's stock.
• Mettler-Toledo's recent earnings report showed an EPS of $10.09, exceeding the consensus estimate, while revenue increased by 3.9% year-over-year.

Resona Asset Management Co. Ltd. lifted its stake in shares of Mettler-Toledo International, Inc. (NYSE:MTD - Free Report) by 4.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,791 shares of the medical instruments supplier's stock after buying an additional 285 shares during the period. Resona Asset Management Co. Ltd.'s holdings in Mettler-Toledo International were worth $8,015,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the company. Advisory Services Network LLC lifted its position in Mettler-Toledo International by 61.9% during the 4th quarter. Advisory Services Network LLC now owns 314 shares of the medical instruments supplier's stock worth $384,000 after acquiring an additional 120 shares during the period. Townsquare Capital LLC increased its holdings in shares of Mettler-Toledo International by 39.2% in the fourth quarter. Townsquare Capital LLC now owns 643 shares of the medical instruments supplier's stock valued at $787,000 after purchasing an additional 181 shares during the period. Jump Financial LLC purchased a new position in shares of Mettler-Toledo International in the fourth quarter worth about $3,426,000. NewEdge Advisors LLC lifted its holdings in shares of Mettler-Toledo International by 29.7% during the fourth quarter. NewEdge Advisors LLC now owns 441 shares of the medical instruments supplier's stock worth $540,000 after purchasing an additional 101 shares during the period. Finally, Farringdon Capital Ltd. acquired a new stake in shares of Mettler-Toledo International during the fourth quarter worth about $841,000. 95.07% of the stock is owned by institutional investors and hedge funds.

Mettler-Toledo International Stock Up 1.1%

Shares of Mettler-Toledo International stock traded up $14.76 on Tuesday, reaching $1,326.08. The company's stock had a trading volume of 20,835 shares, compared to its average volume of 173,826. 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 capitalization of $27.32 billion, a P/E ratio of 33.50, a PEG ratio of 3.94 and a beta of 1.34. The stock has a 50-day moving average price of $1,218.04 and a 200-day moving average price of $1,187.89.

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 (EPS) for the quarter, beating analysts' consensus estimates of $9.58 by $0.51. The firm had revenue of $983.22 million for the quarter, compared to analysts' expectations of $957.41 million. Mettler-Toledo International had a net margin of 21.46% and a negative return on equity of 476.07%. The firm's revenue for the quarter was up 3.9% compared to the same quarter last year. During the same quarter last year, the company earned $9.65 EPS. Mettler-Toledo International has set its FY 2025 guidance at 42.100-42.600 EPS. Q3 2025 guidance at 10.550-10.750 EPS. Sell-side analysts forecast that Mettler-Toledo International, Inc. will post 42.71 earnings per share for the current fiscal year.

Insider Activity at Mettler-Toledo International

In other Mettler-Toledo International news, Director Thomas P. Salice sold 1,062 shares of the business's stock in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $1,300.90, for a total transaction of $1,381,555.80. Following the completion of the sale, the director directly owned 283 shares in the company, valued at approximately $368,154.70. The trade was a 78.96% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Shawn Vadala sold 300 shares of the stock in a transaction that occurred on Friday, August 8th. The shares were sold at an average price of $1,254.09, for a total value of $376,227.00. Following the transaction, the chief financial officer directly owned 5,095 shares of the company's stock, valued at $6,389,588.55. The trade was a 5.56% decrease in their position. The disclosure for this sale can be found here. Insiders sold 2,589 shares of company stock worth $3,205,554 over the last three months. Company insiders own 0.77% of the company's stock.

Analyst Upgrades and Downgrades

MTD has been the topic of several research reports. Barclays initiated coverage on shares of Mettler-Toledo International in a report on Tuesday, June 24th. They issued an "overweight" rating and a $1,325.00 price target on the stock. Wells Fargo & Company increased their price objective on shares of Mettler-Toledo International from $1,125.00 to $1,200.00 and gave the stock an "equal weight" rating in a research note on Monday, May 5th. Evercore ISI reduced 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 report on Monday, August 4th. UBS Group raised shares of Mettler-Toledo International from a "neutral" rating to a "buy" rating and lowered their price target for the company from $1,530.00 to $1,350.00 in a report on Tuesday, May 20th. Finally, Robert W. Baird increased 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 equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. According to MarketBeat, Mettler-Toledo International has an average rating of "Moderate Buy" and an average target price of $1,288.89.

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.