United Services Automobile Association purchased a new position in Mettler-Toledo International, Inc. (NYSE:MTD - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 525 shares of the medical instruments supplier's stock, valued at approximately $618,000.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in MTD. Farther Finance Advisors LLC lifted its holdings in shares of Mettler-Toledo International by 39.1% during the 1st quarter. Farther Finance Advisors LLC now owns 89 shares of the medical instruments supplier's stock valued at $103,000 after buying an additional 25 shares during the period. QRG Capital Management Inc. boosted its position in Mettler-Toledo International by 29.4% in the first quarter. QRG Capital Management Inc. now owns 489 shares of the medical instruments supplier's stock worth $577,000 after purchasing an additional 111 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Mettler-Toledo International by 13.3% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,488 shares of the medical instruments supplier's stock valued at $2,929,000 after purchasing an additional 292 shares during the period. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Mettler-Toledo International by 95.0% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 2,202 shares of the medical instruments supplier's stock worth $2,600,000 after purchasing an additional 1,073 shares during the period. Finally, Boston Trust Walden Corp boosted its holdings in shares of Mettler-Toledo International by 7.1% in the first quarter. Boston Trust Walden Corp now owns 34,610 shares of the medical instruments supplier's stock worth $40,871,000 after buying an additional 2,296 shares during the last quarter. Institutional investors own 95.07% of the company's stock.
Wall Street Analysts Forecast Growth
MTD has been the subject of a number of research reports. Barclays started coverage on shares of Mettler-Toledo International in a report on Tuesday, June 24th. They set an "overweight" rating and a $1,325.00 target price for the company. Citigroup upped their price objective on Mettler-Toledo International from $1,400.00 to $1,600.00 and gave the stock a "buy" rating in a research note on Thursday, August 21st. Bank of America upped their price target on Mettler-Toledo International from $1,200.00 to $1,260.00 and gave the stock a "neutral" rating in a research report on Thursday, June 26th. Evercore ISI cut their price objective on Mettler-Toledo International from $1,280.00 to $1,275.00 and set an "outperform" rating for the company in a research note on Monday, August 4th. Finally, Robert W. Baird increased their target price on shares of Mettler-Toledo International from $1,210.00 to $1,230.00 and gave the stock a "neutral" rating in a report on Monday, August 4th. Five research 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 presently has a consensus rating of "Moderate Buy" and a consensus target price of $1,311.11.
Get Our Latest Research Report on MTD
Mettler-Toledo International Stock Performance
Shares of MTD traded down $24.66 during midday trading on Friday, hitting $1,258.06. 109,047 shares of the company traded hands, compared to its average volume of 119,443. The stock has a market cap of $25.92 billion, a price-to-earnings ratio of 31.86, a PEG ratio of 3.85 and a beta of 1.37. The firm has a 50 day moving average of $1,258.94 and a 200-day moving average of $1,186.04. 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 issued its quarterly earnings data on Thursday, July 31st. The medical instruments supplier reported $10.09 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts' expectations of $957.41 million. During the same period in the prior year, the firm earned $9.65 EPS. The company's revenue for the quarter 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. Sell-side analysts predict that Mettler-Toledo International, Inc. will post 42.71 earnings per share for the current fiscal year.
Insider Transactions at Mettler-Toledo International
In other news, CFO Shawn Vadala sold 300 shares of the firm'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 directly owned 5,095 shares of the company's stock, valued at $6,750,875. This trade represents a 5.56% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Thomas P. Salice sold 1,062 shares of the business's 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 transaction, the director directly owned 283 shares in the company, valued at approximately $368,154.70. This represents a 78.96% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,827 shares of company stock worth $2,371,208 in the last three months. Insiders own 1.94% of the company's stock.
Mettler-Toledo International Profile
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Free Report)
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.
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