Mettler-Toledo International, Inc. $MTD Position Reduced by State Board of Administration of Florida Retirement System

State Board of Administration of Florida Retirement System trimmed its position in Mettler-Toledo International, Inc. (NYSE:MTD) by 1.6% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 22,099 shares of the medical instruments supplier’s stock after selling 355 shares during the period. State Board of Administration of Florida Retirement System owned approximately 0.11% of Mettler-Toledo International worth $25,960,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Russell Investments Group Ltd. boosted its stake in Mettler-Toledo International by 29.0% in the 1st quarter. Russell Investments Group Ltd. now owns 116,502 shares of the medical instruments supplier’s stock worth $137,548,000 after purchasing an additional 26,171 shares during the period. Tokio Marine Asset Management Co. Ltd. lifted its holdings in shares of Mettler-Toledo International by 46.7% in the first quarter. Tokio Marine Asset Management Co. Ltd. now owns 7,829 shares of the medical instruments supplier’s stock valued at $9,245,000 after purchasing an additional 2,493 shares in the last quarter. Sound Income Strategies LLC boosted its position in shares of Mettler-Toledo International by 477.8% in the second quarter. Sound Income Strategies LLC now owns 52 shares of the medical instruments supplier’s stock worth $61,000 after buying an additional 43 shares during the period. LPL Financial LLC boosted its position in shares of Mettler-Toledo International by 16.3% in the first quarter. LPL Financial LLC now owns 5,404 shares of the medical instruments supplier’s stock worth $6,382,000 after buying an additional 758 shares during the period. Finally, Acadian Asset Management LLC grew its holdings in shares of Mettler-Toledo International by 84.9% during the first quarter. Acadian Asset Management LLC now owns 2,513 shares of the medical instruments supplier’s stock valued at $2,965,000 after buying an additional 1,154 shares in the last quarter. 95.07% of the stock is currently owned by institutional investors and hedge funds.

Mettler-Toledo International Stock Down 0.7%

MTD stock opened at $1,476.72 on Friday. The firm has a 50 day moving average of $1,368.76 and a two-hundred day moving average of $1,273.86. Mettler-Toledo International, Inc. has a 12 month low of $946.69 and a 12 month high of $1,525.17. The company has a market capitalization of $30.17 billion, a price-to-earnings ratio of 37.39, a P/E/G ratio of 4.19 and a beta of 1.41.

Mettler-Toledo International (NYSE:MTD) last released its quarterly earnings data on Thursday, November 6th. The medical instruments supplier reported $11.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $10.62 by $0.53. The business had revenue of $1.03 billion during the quarter, compared to analyst estimates of $997.36 million. Mettler-Toledo International had a net margin of 21.46% and a negative return on equity of 476.07%. Mettler-Toledo International’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $10.21 EPS. Mettler-Toledo International has set its Q4 2025 guidance at 12.680-12.880 EPS. FY 2025 guidance at 42.050-42.250 EPS. On average, research analysts expect that Mettler-Toledo International, Inc. will post 42.71 EPS for the current fiscal year.

Insider Activity at Mettler-Toledo International

In other news, CEO Patrick Kaltenbach sold 2,000 shares of the stock in a transaction dated Wednesday, November 12th. The stock was sold at an average price of $1,462.50, for a total transaction of $2,925,000.00. Following the transaction, the chief executive officer owned 3,670 shares of the company’s stock, valued at approximately $5,367,375. This represents a 35.27% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Gerry Keller sold 236 shares of the firm’s stock in a transaction that occurred on Friday, November 21st. The shares were sold at an average price of $1,418.58, for a total value of $334,784.88. Following the completion of the transaction, the insider directly owned 159 shares in the company, valued at $225,554.22. The trade was a 59.75% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 19,565 shares of company stock worth $28,683,737 in the last 90 days. Insiders own 1.94% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Robert W. Baird increased their price objective on Mettler-Toledo International from $1,210.00 to $1,230.00 and gave the stock a “neutral” rating in a research note on Monday, August 4th. Wells Fargo & Company upped their target price on Mettler-Toledo International from $1,200.00 to $1,400.00 and gave the company an “equal weight” rating in a report on Monday, November 10th. JPMorgan Chase & Co. raised their price target on shares of Mettler-Toledo International from $1,200.00 to $1,285.00 and gave the stock a “neutral” rating in a report on Thursday, October 9th. Citigroup boosted their price objective on shares of Mettler-Toledo International from $1,600.00 to $1,700.00 and gave the company a “buy” rating in a research report on Monday, November 10th. Finally, Stifel Nicolaus increased their target price on shares of Mettler-Toledo International from $1,450.00 to $1,600.00 and gave the stock a “buy” rating in a research report on Monday, November 10th. Five equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $1,406.50.

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.