Nissay Asset Management Corp Japan ADV Boosts Position in Mettler-Toledo International, Inc. $MTD

Nissay Asset Management Corp Japan ADV raised its stake in shares of Mettler-Toledo International, Inc. (NYSE:MTD - Free Report) by 23.3% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 17,417 shares of the medical instruments supplier's stock after buying an additional 3,289 shares during the quarter. Nissay Asset Management Corp Japan ADV owned about 0.08% of Mettler-Toledo International worth $20,568,000 at the end of the most recent reporting period.

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A number of other large investors have also recently modified their holdings of MTD. Mercer Global Advisors Inc. ADV boosted its position in shares of Mettler-Toledo International by 13.2% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 480 shares of the medical instruments supplier's stock valued at $588,000 after acquiring an additional 56 shares during the last quarter. Ameriprise Financial Inc. boosted its position in shares of Mettler-Toledo International by 9.8% during the 4th quarter. Ameriprise Financial Inc. now owns 70,935 shares of the medical instruments supplier's stock valued at $86,802,000 after acquiring an additional 6,312 shares during the last quarter. Benjamin Edwards Inc. boosted its position in shares of Mettler-Toledo International by 8.8% during the 4th quarter. Benjamin Edwards Inc. now owns 210 shares of the medical instruments supplier's stock valued at $257,000 after acquiring an additional 17 shares during the last quarter. Captrust Financial Advisors boosted its position in shares of Mettler-Toledo International by 11.6% during the 4th quarter. Captrust Financial Advisors now owns 656 shares of the medical instruments supplier's stock valued at $802,000 after acquiring an additional 68 shares during the last quarter. Finally, Cetera Investment Advisers boosted its position in shares of Mettler-Toledo International by 8.7% during the 4th quarter. Cetera Investment Advisers now owns 1,075 shares of the medical instruments supplier's stock valued at $1,315,000 after acquiring an additional 86 shares during the last quarter. Institutional investors own 95.07% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on MTD shares. Barclays initiated coverage on Mettler-Toledo International in a research report on Tuesday, June 24th. They set an "overweight" rating and a $1,325.00 price target for the company. Bank of America boosted their target price on Mettler-Toledo International from $1,200.00 to $1,260.00 and gave the stock a "neutral" rating in a research report on Thursday, June 26th. Citigroup boosted their target price on 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. Robert W. Baird boosted their target price on 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. Finally, UBS Group upgraded Mettler-Toledo International from a "neutral" rating to a "buy" rating and dropped their target price for the stock from $1,530.00 to $1,350.00 in a research report on Tuesday, May 20th. Five equities research 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.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $1,311.11.

Check Out Our Latest Analysis on Mettler-Toledo International

Insider Activity

In other 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 transaction, the chief financial officer directly owned 5,095 shares of the company's stock, valued at approximately $6,389,588.55. The trade was a 5.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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 directly owned 283 shares in the company, valued at $368,154.70. This trade represents a 78.96% 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. Company insiders own 1.94% of the company's stock.

Mettler-Toledo International Price Performance

Shares of Mettler-Toledo International stock opened at $1,287.63 on Friday. The business's 50 day simple moving average is $1,248.77 and its two-hundred day simple moving average is $1,186.66. The stock has a market capitalization of $26.53 billion, a P/E ratio of 32.61, a price-to-earnings-growth ratio of 3.81 and a beta of 1.37. Mettler-Toledo International, Inc. has a one year low of $946.69 and a one year high of $1,521.01.

Mettler-Toledo International (NYSE:MTD - Get Free Report) last posted its earnings results on Thursday, July 31st. The medical instruments supplier reported $10.09 earnings per share (EPS) for the quarter, beating the consensus estimate 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 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 earned $9.65 earnings per share. The business'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. Sell-side analysts expect that Mettler-Toledo International, Inc. will post 42.71 earnings per share for the current fiscal 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.

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