Wellington Management Group LLP Has $99.36 Million Holdings in Mettler-Toledo International, Inc. $MTD

Key Points

• Wellington Management Group LLP increased its holdings in Mettler-Toledo International by 9.0%, now owning approximately $99.36 million worth of shares after acquiring an additional 6,949 shares.
• Mettler-Toledo International's stock recently reported earnings per share of $10.09, exceeding expectations and showing a 3.9% increase in revenue year-over-year.
• A number of analysts have set new price targets for Mettler-Toledo International, with ratings ranging from "buy" to "hold" and a consensus target price of approximately $1,311.11.

Wellington Management Group LLP grew its position in Mettler-Toledo International, Inc. (NYSE:MTD - Free Report) by 9.0% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 84,139 shares of the medical instruments supplier's stock after buying an additional 6,949 shares during the period. Wellington Management Group LLP owned approximately 0.40% of Mettler-Toledo International worth $99,361,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Qtron Investments LLC grew its holdings in shares of Mettler-Toledo International by 9.0% in the 1st quarter. Qtron Investments LLC now owns 666 shares of the medical instruments supplier's stock valued at $786,000 after buying an additional 55 shares during the period. Brooklyn Investment Group grew 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 valued at $104,000 after buying an additional 10 shares during the period. Versor Investments LP grew its holdings in shares of Mettler-Toledo International by 70.7% in the 1st quarter. Versor Investments LP now owns 618 shares of the medical instruments supplier's stock valued at $730,000 after buying an additional 256 shares during the period. Algert Global LLC grew its holdings in shares of Mettler-Toledo International by 17.8% in the 1st quarter. Algert Global LLC now owns 4,255 shares of the medical instruments supplier's stock valued at $5,025,000 after buying an additional 644 shares during the period. Finally, Corient IA LLC acquired a new position in shares of Mettler-Toledo International in the 1st quarter valued at $295,000. Institutional investors and hedge funds own 95.07% of the company's stock.

Insider Transactions at Mettler-Toledo International

In other news, 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 transaction of $215,925.60. Following the transaction, the insider directly owned 94 shares in the company, valued at $123,012.16. The trade was a 63.71% 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 dated Wednesday, August 13th. The stock was sold at an average price of $1,300.90, for a total transaction of $1,381,555.80. Following the transaction, the director owned 283 shares in the company, valued at $368,154.70. This represents a 78.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,827 shares of company stock worth $2,371,208 in the last ninety days. Insiders own 0.77% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on MTD. UBS Group raised shares of Mettler-Toledo International from a "neutral" rating to a "buy" rating and decreased their price target for the company from $1,530.00 to $1,350.00 in a report on Tuesday, May 20th. Evercore ISI cut 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. Jefferies Financial Group raised shares of Mettler-Toledo International from an "underperform" rating to a "hold" rating and cut their price objective for the company from $1,200.00 to $1,110.00 in a research report on Monday, May 5th. Wells Fargo & Company boosted their price objective on shares of Mettler-Toledo International from $1,125.00 to $1,200.00 and gave the company an "equal weight" rating in a research report on Monday, May 5th. Finally, Wall Street Zen cut shares of Mettler-Toledo International from a "buy" rating to a "hold" rating in a research report on Monday, May 5th. Five investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $1,311.11.

Mettler-Toledo International Price Performance

NYSE:MTD traded down $7.69 on Wednesday, hitting $1,277.09. 20,262 shares of the company's stock were exchanged, compared to its average volume of 172,306. The firm has a 50-day moving average price of $1,232.48 and a 200-day moving average price of $1,186.72. Mettler-Toledo International, Inc. has a 52 week low of $946.69 and a 52 week high of $1,521.01. The company has a market cap of $26.31 billion, a P/E ratio of 32.36, a price-to-earnings-growth ratio of 3.87 and a beta of 1.34.

Mettler-Toledo International (NYSE:MTD - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The medical instruments supplier reported $10.09 EPS for the quarter, topping the consensus estimate 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 firm had revenue of $983.22 million for the quarter, compared to analysts' expectations of $957.41 million. During the same period in the previous year, the firm posted $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. On average, research analysts expect that Mettler-Toledo International, Inc. will post 42.71 earnings per share for the current fiscal year.

About Mettler-Toledo International

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.