Swedbank AB Sells 270 Shares of Mettler-Toledo International, Inc. $MTD

Key Points

• Swedbank AB reduced its stake in Mettler-Toledo International, Inc. by 1.4% during Q1, now holding 19,120 shares valued at approximately $22.58 million.
• Mettler-Toledo reported a quarterly EPS of $10.09, surpassing analysts' expectations, with revenue of $983.22 million for the quarter, a 3.9% increase year-over-year.
• The stock's current P/E ratio stands at 31.86, and it has a market capitalization of $25.92 billion, with institutional investors owning approximately 95.07% of the shares.

Swedbank AB lessened its stake in Mettler-Toledo International, Inc. (NYSE:MTD - Free Report) by 1.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,120 shares of the medical instruments supplier's stock after selling 270 shares during the quarter. Swedbank AB owned about 0.09% of Mettler-Toledo International worth $22,579,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. WPG Advisers LLC acquired a new stake in Mettler-Toledo International in the 1st quarter valued at about $41,000. Zions Bancorporation National Association UT bought a new position in shares of Mettler-Toledo International in the 1st quarter valued at about $43,000. Golden State Wealth Management LLC boosted its stake in shares of Mettler-Toledo International by 583.3% in the 1st quarter. Golden State Wealth Management LLC now owns 41 shares of the medical instruments supplier's stock valued at $48,000 after purchasing an additional 35 shares during the last quarter. Menard Financial Group LLC bought a new position in shares of Mettler-Toledo International in the 4th quarter valued at about $67,000. Finally, Blue Trust Inc. boosted its stake in shares of Mettler-Toledo International by 520.0% in the 1st quarter. Blue Trust Inc. now owns 62 shares of the medical instruments supplier's stock valued at $73,000 after purchasing an additional 52 shares during the last quarter. Institutional investors and hedge funds own 95.07% of the company's stock.

Insider Activity

In other news, insider Gerry Keller sold 165 shares of Mettler-Toledo International stock in a transaction that occurred on Thursday, August 14th. The shares were sold at an average price of $1,308.64, for a total value of $215,925.60. Following the sale, the insider directly owned 94 shares in the company, valued at $123,012.16. This trade represents a 63.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Shawn Vadala sold 300 shares of Mettler-Toledo International stock in a transaction that occurred 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 completion of the sale, the chief financial officer owned 5,095 shares in the company, valued at $6,750,875. This trade represents a 5.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,827 shares of company stock worth $2,371,208 over the last ninety days. Insiders own 0.77% of the company's stock.

Analyst Upgrades and Downgrades

MTD has been the topic of several recent research reports. UBS Group raised shares of Mettler-Toledo International from a "neutral" rating to a "buy" rating and reduced their target price for the company from $1,530.00 to $1,350.00 in a research note on Tuesday, May 20th. Citigroup increased their price target on shares of Mettler-Toledo International from $1,400.00 to $1,600.00 and gave the company a "buy" rating in a research report on Thursday, August 21st. Bank of America increased 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 research report on Thursday, June 26th. Evercore ISI cut their price target on shares of Mettler-Toledo International from $1,280.00 to $1,275.00 and set an "outperform" rating on the stock in a research report on Monday, August 4th. Finally, Barclays assumed coverage on shares of Mettler-Toledo International in a research report on Tuesday, June 24th. They issued an "overweight" rating and a $1,325.00 price target on the stock. Five investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $1,311.11.

Mettler-Toledo International Stock Performance

NYSE MTD traded up $2.68 during trading hours on Monday, reaching $1,262.22. 109,653 shares of the company's stock were exchanged, compared to its average volume of 118,112. Mettler-Toledo International, Inc. has a one year low of $946.69 and a one year high of $1,521.01. The company's 50-day moving average is $1,260.42 and its two-hundred day moving average is $1,184.76. The company has a market capitalization of $26.00 billion, a price-to-earnings ratio of 31.96, a price-to-earnings-growth ratio of 3.78 and a beta of 1.37.

Mettler-Toledo International (NYSE:MTD - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The medical instruments supplier reported $10.09 earnings per share for the quarter, topping the consensus estimate 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 company had revenue of $983.22 million during the quarter, compared to analysts' expectations of $957.41 million. During the same period last year, the business earned $9.65 EPS. The business's quarterly 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. Research analysts predict that Mettler-Toledo International, Inc. will post 42.71 earnings per share 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.