Mettler-Toledo International, Inc. $MTD Shares Purchased by T. Rowe Price Investment Management Inc.

Key Points

• T. Rowe Price Investment Management Inc. increased its stake in Mettler-Toledo International, Inc. by 11.9%, owning approximately 1.95% of the company, valued at $479.67 million.
• Insider transactions included two significant sales, with insider Gerry Keller selling 165 shares and Director Thomas P. Salice selling 1,062 shares, leading to substantial decreases in their respective ownerships.
• Mettler-Toledo reported better-than-expected quarterly earnings, with an EPS of $10.09 surpassing estimates and a 3.9% revenue increase year-over-year.

T. Rowe Price Investment Management Inc. lifted its position in Mettler-Toledo International, Inc. (NYSE:MTD - Free Report) by 11.9% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 406,189 shares of the medical instruments supplier's stock after buying an additional 43,082 shares during the period. T. Rowe Price Investment Management Inc. owned approximately 1.95% of Mettler-Toledo International worth $479,673,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Zions Bancorporation National Association UT purchased a new position in Mettler-Toledo International in the first quarter worth $43,000. Golden State Wealth Management LLC lifted its holdings in shares of Mettler-Toledo International by 583.3% during 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 acquired a new stake in shares of Mettler-Toledo International in the 4th quarter worth $67,000. Blue Trust Inc. grew its stake in Mettler-Toledo International by 520.0% during the 1st quarter. Blue Trust Inc. now owns 62 shares of the medical instruments supplier's stock worth $73,000 after buying an additional 52 shares during the last quarter. Finally, Quarry LP increased its position in Mettler-Toledo International by 20.5% during the 4th quarter. Quarry LP now owns 88 shares of the medical instruments supplier's stock valued at $108,000 after buying an additional 15 shares in the last quarter. Hedge funds and other institutional investors own 95.07% of the company's stock.

Mettler-Toledo International Stock Performance

Shares of NYSE:MTD traded up $42.4310 during midday trading on Friday, hitting $1,320.4310. The company's stock had a trading volume of 114,639 shares, compared to its average volume of 166,744. The company has a market cap of $27.20 billion, a P/E ratio of 33.44, a price-to-earnings-growth ratio of 3.84 and a beta of 1.34. The business's 50 day simple moving average is $1,227.64 and its 200 day simple moving average is $1,189.10. Mettler-Toledo International, Inc. has a 12-month low of $946.69 and a 12-month high of $1,521.01.

Mettler-Toledo International (NYSE:MTD - Get Free Report) last posted 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. 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 during the quarter, compared to analyst estimates of $957.41 million. During the same period in the prior year, the business earned $9.65 earnings per share. The business's 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. On average, sell-side analysts predict that Mettler-Toledo International, Inc. will post 42.71 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages have weighed in on MTD. Bank of America raised their price target on Mettler-Toledo International from $1,200.00 to $1,260.00 and gave the stock a "neutral" rating in a report on Thursday, June 26th. Barclays assumed coverage on Mettler-Toledo International in a report on Tuesday, June 24th. They issued an "overweight" rating and a $1,325.00 price objective on the stock. 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 report on Monday, August 4th. Citigroup upped 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 report on Thursday. Finally, UBS Group raised shares of Mettler-Toledo International from a "neutral" rating to a "buy" rating and reduced their target price for the stock from $1,530.00 to $1,350.00 in a report on Tuesday, May 20th. Five equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, Mettler-Toledo International currently has an average rating of "Moderate Buy" and an average target price of $1,311.11.

Insider Activity

In other news, Director Thomas P. Salice sold 1,062 shares of the stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $1,300.90, for a total value of $1,381,555.80. Following the completion of the sale, the director owned 283 shares of the company's stock, valued at $368,154.70. This represents a 78.96% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 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 sale, the chief financial officer directly owned 5,095 shares in the company, valued at approximately $6,750,875. The trade was a 5.56% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 2,889 shares of company stock valued at $3,603,054 in the last ninety days. 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.