Thematics Asset Management Sells 207 Shares of Mettler-Toledo International, Inc. $MTD

Key Points

• Thematics Asset Management reduced its stake in Mettler-Toledo International by 1.9%, now holding approximately 0.05% of the company, valued at $12.9 million.
• Mettler-Toledo reported $10.09 earnings per share for the last quarter, exceeding estimates, and had quarterly revenue of $983.22 million, reflecting a 3.9% year-over-year increase.
• Insider selling has been significant, with Director Michael A. Kelly selling over 1,000 shares, resulting in a nearly 90% decrease in his ownership stake.

Thematics Asset Management cut its stake in Mettler-Toledo International, Inc. (NYSE:MTD - Free Report) by 1.9% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 10,930 shares of the medical instruments supplier's stock after selling 207 shares during the period. Thematics Asset Management owned approximately 0.05% of Mettler-Toledo International worth $12,907,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Greenleaf Trust raised its position in shares of Mettler-Toledo International by 1.2% in the 1st quarter. Greenleaf Trust now owns 872 shares of the medical instruments supplier's stock worth $1,030,000 after acquiring an additional 10 shares in the last quarter. Brooklyn Investment Group increased its position in shares of Mettler-Toledo International by 12.8% during the first quarter. Brooklyn Investment Group now owns 88 shares of the medical instruments supplier's stock worth $104,000 after acquiring an additional 10 shares in the last quarter. Sequoia Financial Advisors LLC boosted its position in shares of Mettler-Toledo International by 1.8% during the first quarter. Sequoia Financial Advisors LLC now owns 627 shares of the medical instruments supplier's stock valued at $740,000 after buying an additional 11 shares during the last quarter. Albion Financial Group UT lifted its position in shares of Mettler-Toledo International by 1.5% during the first quarter. Albion Financial Group UT now owns 754 shares of the medical instruments supplier's stock valued at $890,000 after purchasing an additional 11 shares in the last quarter. Finally, TD Private Client Wealth LLC increased its position in shares of Mettler-Toledo International by 5.4% during the first quarter. TD Private Client Wealth LLC now owns 214 shares of the medical instruments supplier's stock valued at $253,000 after acquiring an additional 11 shares during the last quarter. 95.07% of the stock is currently owned by institutional investors and hedge funds.

Mettler-Toledo International Price Performance

MTD stock traded down $0.96 during midday trading on Thursday, hitting $1,284.28. The stock had a trading volume of 182,098 shares, compared to its average volume of 172,875. The business has a 50-day moving average of $1,235.26 and a two-hundred day moving average of $1,187.41. The firm has a market cap of $26.46 billion, a price-to-earnings ratio of 32.52, a price-to-earnings-growth ratio of 3.85 and a beta of 1.34. Mettler-Toledo International, Inc. has a 52-week low of $946.69 and a 52-week high of $1,521.01.

Mettler-Toledo International (NYSE:MTD - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The medical instruments supplier reported $10.09 EPS for the quarter, beating the consensus estimate of $9.58 by $0.51. The business had revenue of $983.22 million during 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 company's revenue for the quarter was up 3.9% on a year-over-year basis. During the same quarter last year, the firm posted $9.65 earnings per share. 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 year.

Insider Buying and Selling

In other news, insider Gerry Keller sold 165 shares of the business'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 value of $215,925.60. Following the sale, the insider directly owned 94 shares of the company's stock, valued at $123,012.16. The trade was a 63.71% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Shawn Vadala sold 300 shares of the company's stock in a transaction that occurred on 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 completion of the sale, the chief financial officer owned 5,095 shares in the company, valued at $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 1,827 shares of company stock valued at $2,371,208 over the last quarter. Corporate insiders own 1.94% of the company's stock.

Analyst Ratings Changes

MTD has been the subject of several research reports. Jefferies Financial Group raised Mettler-Toledo International from an "underperform" rating to a "hold" rating and reduced their price objective for the company from $1,200.00 to $1,110.00 in a report on Monday, May 5th. UBS Group upgraded 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 research report on Tuesday, May 20th. Evercore ISI lowered their price objective 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. Bank of America upped their target price on Mettler-Toledo International from $1,200.00 to $1,260.00 and gave the stock a "neutral" rating in a research note on Thursday, June 26th. Finally, Barclays started coverage on Mettler-Toledo International in a research note on Tuesday, June 24th. They issued an "overweight" rating and a $1,325.00 target price for the company. Five analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $1,311.11.

Mettler-Toledo International 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.