Mettler-Toledo International, Inc. $MTD Shares Purchased by Synovus Financial Corp

Key Points

• Synovus Financial Corp increased its stake in Mettler-Toledo International by 33.4%, owning 2,414 shares valued at approximately $2.85 million following the purchase of an additional 605 shares.
• Mettler-Toledo International reported earnings of $10.09 per share for the last quarter, exceeding estimates, with a revenue of $983.22 million, marking a 3.9% year-over-year increase.
• Institutional investors collectively own about 95.07% of Mettler-Toledo's stock, with various hedge funds significantly increasing their holdings in the first quarter.

Synovus Financial Corp lifted its stake in shares of Mettler-Toledo International, Inc. (NYSE:MTD - Free Report) by 33.4% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,414 shares of the medical instruments supplier's stock after acquiring an additional 605 shares during the period. Synovus Financial Corp's holdings in Mettler-Toledo International were worth $2,851,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Zions Bancorporation National Association UT bought a new position in Mettler-Toledo International during the first quarter valued at about $43,000. Golden State Wealth Management LLC lifted its holdings in shares of Mettler-Toledo International by 583.3% in the first quarter. Golden State Wealth Management LLC now owns 41 shares of the medical instruments supplier's stock worth $48,000 after buying an additional 35 shares in the last quarter. Menard Financial Group LLC purchased a new stake in shares of Mettler-Toledo International in the fourth quarter worth about $67,000. Blue Trust Inc. raised its stake in Mettler-Toledo International by 520.0% in the first 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 in the last quarter. Finally, Quarry LP raised its stake in Mettler-Toledo International by 20.5% in the fourth quarter. Quarry LP now owns 88 shares of the medical instruments supplier's stock valued at $108,000 after purchasing an additional 15 shares in the last quarter. Institutional investors and hedge funds own 95.07% of the company's stock.

Mettler-Toledo International Trading Down 0.1%

Mettler-Toledo International stock traded down $0.96 during mid-day trading on Thursday, hitting $1,284.28. The company had a trading volume of 182,104 shares, compared to its average volume of 157,516. Mettler-Toledo International, Inc. has a 12-month low of $946.69 and a 12-month high of $1,521.01. The company's fifty day moving average is $1,238.00 and its 200-day moving average is $1,187.03. The company has a market capitalization of $26.46 billion, a price-to-earnings ratio of 32.52, a P/E/G ratio of 3.86 and a beta of 1.34.

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 EPS for the quarter, topping the consensus estimate of $9.58 by $0.51. The business had revenue of $983.22 million for the quarter, compared to analyst estimates of $957.41 million. Mettler-Toledo International had a negative return on equity of 476.07% and a net margin of 21.46%.The business's quarterly revenue was up 3.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $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. As a group, sell-side analysts expect that Mettler-Toledo International, Inc. will post 42.71 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

MTD has been the topic of several recent analyst reports. Evercore ISI cut their target price on shares of Mettler-Toledo International from $1,280.00 to $1,275.00 and set an "outperform" rating on the stock in a report 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 stock from $1,530.00 to $1,350.00 in a research report on Tuesday, May 20th. Robert W. Baird upped their price target on shares of 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. Barclays assumed coverage on shares of Mettler-Toledo International in a report on Tuesday, June 24th. They issued an "overweight" rating and a $1,325.00 target price for the company. Finally, Wall Street Zen lowered shares of Mettler-Toledo International from a "buy" rating to a "hold" rating in a report on Monday, May 5th. 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.com, Mettler-Toledo International presently has a consensus rating of "Moderate Buy" and an average target price of $1,311.11.

Insider Transactions at Mettler-Toledo International

In other news, insider Gerry Keller sold 165 shares of the company's 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 completion of the transaction, the insider directly owned 94 shares of the company's stock, valued at $123,012.16. This represents a 63.71% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Shawn Vadala sold 300 shares of the company's stock in a transaction that occurred on Friday, August 8th. The stock was 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 approximately $6,389,588.55. The trade was a 5.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,827 shares of company stock valued at $2,371,208 in the last three months. 1.94% of the stock is currently owned by company insiders.

Mettler-Toledo International Company Profile

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.