Mettler-Toledo International, Inc. $MTD Shares Bought by Voya Investment Management LLC

Key Points

• Voya Investment Management LLC increased its stake in Mettler-Toledo International by 74.7% during the first quarter, acquiring an additional 34,681 shares, bringing its total holdings to 81,094 shares valued at approximately $95.76 million.
• Insider selling activity included Gerry Keller, who reduced his position by 63.71% after selling 165 shares for approximately $215,926, while CFO Shawn Vadala sold 300 shares for about $397,500.
• Mettler-Toledo International recently reported $10.09 EPS for the last quarter, exceeding analysts' expectations, and has set FY 2025 EPS guidance between $42.100 and $42.600.

Voya Investment Management LLC raised its position in Mettler-Toledo International, Inc. (NYSE:MTD - Free Report) by 74.7% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 81,094 shares of the medical instruments supplier's stock after purchasing an additional 34,681 shares during the quarter. Voya Investment Management LLC owned 0.39% of Mettler-Toledo International worth $95,764,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Greenleaf Trust raised its holdings 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 purchasing an additional 10 shares during the period. Brooklyn Investment Group raised its holdings in shares of Mettler-Toledo International by 12.8% in the 1st quarter. Brooklyn Investment Group now owns 88 shares of the medical instruments supplier's stock worth $104,000 after purchasing an additional 10 shares during the period. Albion Financial Group UT raised its holdings in shares of Mettler-Toledo International by 1.5% in the 1st quarter. Albion Financial Group UT now owns 754 shares of the medical instruments supplier's stock worth $890,000 after purchasing an additional 11 shares during the period. Sequoia Financial Advisors LLC raised its holdings in shares of Mettler-Toledo International by 1.8% in the 1st quarter. Sequoia Financial Advisors LLC now owns 627 shares of the medical instruments supplier's stock worth $740,000 after purchasing an additional 11 shares during the period. Finally, TD Private Client Wealth LLC raised its holdings in shares of Mettler-Toledo International by 5.4% in the 1st quarter. TD Private Client Wealth LLC now owns 214 shares of the medical instruments supplier's stock worth $253,000 after purchasing an additional 11 shares during the period. 95.07% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Mettler-Toledo International

In related news, CFO Shawn Vadala sold 300 shares of the business'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 transaction of $376,227.00. Following the completion of the transaction, the chief financial officer owned 5,095 shares in the company, valued at $6,389,588.55. The trade was a 5.56% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 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 owned 283 shares of the company's stock, valued at $368,154.70. This represents a 78.96% decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,827 shares of company stock worth $2,371,208 in the last 90 days. 1.94% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. Barclays began 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. Robert W. Baird raised their target price on Mettler-Toledo International from $1,210.00 to $1,230.00 and gave the company a "neutral" rating in a report on Monday, August 4th. Citigroup raised their target price on Mettler-Toledo International from $1,400.00 to $1,600.00 and gave the company a "buy" rating in a report on Thursday, August 21st. Bank of America raised their target price on Mettler-Toledo International from $1,200.00 to $1,260.00 and gave the company a "neutral" rating in a report on Thursday, June 26th. Finally, Evercore ISI dropped their target price on 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. Five analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $1,311.11.

Mettler-Toledo International Stock Performance

Shares of NYSE MTD traded up $19.52 during trading on Thursday, reaching $1,293.48. The stock had a trading volume of 40,890 shares, compared to its average volume of 168,291. Mettler-Toledo International, Inc. has a one year low of $946.69 and a one year high of $1,521.01. The stock has a market cap of $26.65 billion, a PE ratio of 32.78, a P/E/G ratio of 3.83 and a beta of 1.37. The firm's 50 day moving average price is $1,262.94 and its two-hundred day moving average price is $1,186.02.

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 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 quarter in the previous year, the firm posted $9.65 EPS. The business's revenue for the quarter 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, research analysts expect that Mettler-Toledo International, Inc. will post 42.71 earnings per share for the current year.

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.