Woodline Partners LP Has $18.26 Million Position in Mettler-Toledo International, Inc. $MTD

Key Points

• Woodline Partners LP increased its stake in Mettler-Toledo International by 20.5%, now owning 15,464 shares valued at approximately $18.26 million as of the end of the last quarter.
• Insider trading included significant sales, with Gerry Keller selling 165 shares and Shawn Vadala selling 300 shares, reflecting decreases in their respective positions.
• Equities analysts have varying ratings for Mettler-Toledo, with a consensus of "Moderate Buy" and an average target price of $1,311.11 following a recent boost in price targets by multiple firms.

Woodline Partners LP raised its stake in Mettler-Toledo International, Inc. (NYSE:MTD - Free Report) by 20.5% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 15,464 shares of the medical instruments supplier's stock after buying an additional 2,632 shares during the quarter. Woodline Partners LP owned 0.07% of Mettler-Toledo International worth $18,262,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Farther Finance Advisors LLC increased its stake in shares of Mettler-Toledo International by 39.1% in the first quarter. Farther Finance Advisors LLC now owns 89 shares of the medical instruments supplier's stock worth $103,000 after acquiring an additional 25 shares during the last quarter. QRG Capital Management Inc. grew its stake 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 valued at $577,000 after purchasing an additional 111 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in Mettler-Toledo International by 13.3% in the first 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 in the last quarter. Wealth Enhancement Advisory Services LLC increased its position in 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 last quarter. Finally, Boston Trust Walden Corp raised its stake in shares of Mettler-Toledo International by 7.1% during the 1st quarter. Boston Trust Walden Corp now owns 34,610 shares of the medical instruments supplier's stock worth $40,871,000 after purchasing an additional 2,296 shares in the last quarter. Hedge funds and other institutional investors own 95.07% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Barclays assumed coverage on Mettler-Toledo International in a research note on Tuesday, June 24th. They issued an "overweight" rating and a $1,325.00 price target for the company. Citigroup boosted their target price on shares of Mettler-Toledo International from $1,400.00 to $1,600.00 and gave the stock a "buy" rating in a research report on Thursday, August 21st. Evercore ISI dropped their price target 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 note on Monday, August 4th. UBS Group upgraded shares of Mettler-Toledo International from a "neutral" rating to a "buy" rating and decreased their price objective for the stock from $1,530.00 to $1,350.00 in a report on Tuesday, May 20th. 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 research report on Monday, August 4th. Five equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, Mettler-Toledo International currently has a consensus rating of "Moderate Buy" and a consensus target price of $1,311.11.

Mettler-Toledo International Price Performance

Shares of NYSE MTD traded down $24.66 during trading hours on Friday, hitting $1,258.06. 109,047 shares of the stock were exchanged, compared to its average volume of 119,443. Mettler-Toledo International, Inc. has a one year low of $946.69 and a one year high of $1,521.01. The company's 50 day moving average is $1,258.94 and its 200 day moving average is $1,186.04. The firm has a market capitalization of $25.92 billion, a P/E ratio of 31.86, a P/E/G ratio of 3.85 and a beta of 1.37.

Mettler-Toledo International (NYSE:MTD - Get Free Report) last announced its 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. The firm had revenue of $983.22 million for the quarter, compared to the consensus estimate of $957.41 million. Mettler-Toledo International had a net margin of 21.46% and a negative return on equity of 476.07%. The business's quarterly revenue was up 3.9% on a year-over-year basis. During the same quarter last year, the firm posted $9.65 EPS. 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 anticipate 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 Mettler-Toledo International news, insider Gerry Keller sold 165 shares of Mettler-Toledo International 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 transaction, 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 filing with the SEC, which is available at the SEC website. Also, CFO Shawn Vadala sold 300 shares of the company'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 value of $376,227.00. Following the transaction, the chief financial officer owned 5,095 shares of the company's stock, valued at approximately $6,389,588.55. This trade represents a 5.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,827 shares of company stock worth $2,371,208. Company insiders own 1.94% of the company's stock.

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.