Vident Advisory LLC Reduces Stock Position in Mettler-Toledo International, Inc. $MTD

Key Points

• Vident Advisory LLC has reduced its holdings in Mettler-Toledo International, Inc. by 60.4%, now owning 1,036 shares valued at approximately $1.22 million.
• Mettler-Toledo's latest quarterly earnings report revealed earnings per share (EPS) of $10.09, surpassing estimates and showing a 3.9% increase in revenue year-over-year.
• Current analysts' ratings are mixed, with an average rating of "Moderate Buy" and a consensus target price of $1,311.11 for the stock.

Vident Advisory LLC reduced its holdings in shares of Mettler-Toledo International, Inc. (NYSE:MTD - Free Report) by 60.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,036 shares of the medical instruments supplier's stock after selling 1,579 shares during the period. Vident Advisory LLC's holdings in Mettler-Toledo International were worth $1,223,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Evergreen Capital Management LLC lifted its holdings in Mettler-Toledo International by 27.9% in the 1st quarter. Evergreen Capital Management LLC now owns 307 shares of the medical instruments supplier's stock valued at $363,000 after acquiring an additional 67 shares during the last quarter. The Manufacturers Life Insurance Company lifted its holdings in shares of Mettler-Toledo International by 5.6% during the 1st quarter. The Manufacturers Life Insurance Company now owns 23,553 shares of the medical instruments supplier's stock valued at $27,814,000 after purchasing an additional 1,259 shares in the last quarter. Canada Pension Plan Investment Board lifted its holdings in Mettler-Toledo International by 105.8% during the 1st quarter. Canada Pension Plan Investment Board now owns 5,599 shares of the medical instruments supplier's stock valued at $6,612,000 after purchasing an additional 2,878 shares during the last quarter. WPG Advisers LLC bought a new position in shares of Mettler-Toledo International in the first quarter worth $41,000. Finally, Okabena Investment Services Inc. lifted its stake in shares of Mettler-Toledo International by 182.9% in the first quarter. Okabena Investment Services Inc. now owns 495 shares of the medical instruments supplier's stock worth $585,000 after acquiring an additional 320 shares during the period. Institutional investors and hedge funds own 95.07% of the company's stock.

Mettler-Toledo International Stock Up 0.3%

Shares of Mettler-Toledo International stock traded up $3.31 during trading hours on Monday, hitting $1,309.02. 46,540 shares of the company's stock traded hands, compared to its average volume of 170,424. Mettler-Toledo International, Inc. has a twelve month low of $946.69 and a twelve month high of $1,521.01. The stock has a 50 day simple moving average of $1,251.17 and a 200-day simple moving average of $1,185.25. The company has a market cap of $26.97 billion, a PE ratio of 33.18, a PEG ratio of 3.92 and a beta of 1.37.

Mettler-Toledo International (NYSE:MTD - Get Free Report) last released 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 net margin of 21.46% and a negative return on equity of 476.07%. The business had revenue of $983.22 million for the quarter, compared to analyst estimates of $957.41 million. During the same quarter in the previous year, the business earned $9.65 earnings per share. The firm'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. As a group, equities research analysts predict that Mettler-Toledo International, Inc. will post 42.71 EPS for the current year.

Insiders Place Their Bets

In other Mettler-Toledo International news, Director Thomas P. Salice sold 1,062 shares of the business's stock in a transaction on Wednesday, August 13th. The shares were sold at an average price of $1,300.90, for a total transaction of $1,381,555.80. Following the completion of the sale, the director owned 283 shares in the company, valued at approximately $368,154.70. The trade was a 78.96% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Gerry Keller sold 165 shares of the business's stock in a transaction dated 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 completion of the sale, the insider owned 94 shares in the company, valued at $123,012.16. This represents a 63.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,827 shares of company stock valued at $2,371,208. 0.77% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages have recently commented on MTD. UBS Group raised Mettler-Toledo International from a "neutral" rating to a "buy" rating and dropped their price target for the company from $1,530.00 to $1,350.00 in a research report on Tuesday, May 20th. Citigroup lifted their price objective on Mettler-Toledo International from $1,400.00 to $1,600.00 and gave the stock a "buy" rating in a report on Thursday, August 21st. Evercore ISI reduced their price objective on Mettler-Toledo International from $1,280.00 to $1,275.00 and set an "outperform" rating on the stock in a research note on Monday, August 4th. Barclays assumed coverage on Mettler-Toledo International in a research report on Tuesday, June 24th. They issued an "overweight" rating and a $1,325.00 price target for the company. Finally, Bank of America lifted their price target on Mettler-Toledo International from $1,200.00 to $1,260.00 and gave the company a "neutral" rating in a research note on Thursday, June 26th. Five investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $1,311.11.

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.