Canoe Financial LP lessened its position in shares of Mettler-Toledo International, Inc. (NYSE:MTD – Free Report) by 3.6% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 56,124 shares of the medical instruments supplier’s stock after selling 2,100 shares during the quarter. Canoe Financial LP’s holdings in Mettler-Toledo International were worth $68,898,000 at the end of the most recent reporting period.
A number of other large investors have also modified their holdings of the company. Walleye Trading LLC purchased a new position in shares of Mettler-Toledo International in the 1st quarter valued at about $236,000. B. Metzler seel. Sohn & Co. AG grew its holdings in Mettler-Toledo International by 8.1% in the first quarter. B. Metzler seel. Sohn & Co. AG now owns 1,834 shares of the medical instruments supplier’s stock valued at $2,166,000 after purchasing an additional 137 shares during the period. BNP Paribas Financial Markets increased its position in shares of Mettler-Toledo International by 19.7% in the first quarter. BNP Paribas Financial Markets now owns 56,606 shares of the medical instruments supplier’s stock valued at $66,847,000 after buying an additional 9,311 shares in the last quarter. OMERS ADMINISTRATION Corp raised its stake in shares of Mettler-Toledo International by 25.4% during the 1st quarter. OMERS ADMINISTRATION Corp now owns 2,196 shares of the medical instruments supplier’s stock worth $2,593,000 after buying an additional 445 shares during the period. Finally, Okabena Investment Services Inc. lifted its position in shares of Mettler-Toledo International by 182.9% during the 1st quarter. Okabena Investment Services Inc. now owns 495 shares of the medical instruments supplier’s stock valued at $585,000 after buying an additional 320 shares in the last quarter. Institutional investors and hedge funds own 95.07% of the company’s stock.
Insider Activity at Mettler-Toledo International
In other news, CFO Shawn Vadala sold 1,895 shares of the business’s stock in a transaction dated Tuesday, November 11th. The shares were sold at an average price of $1,455.52, for a total transaction of $2,758,210.40. Following the transaction, the chief financial officer owned 5,288 shares of the company’s stock, valued at approximately $7,696,789.76. The trade was a 26.38% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Elisha W. Finney sold 474 shares of the company’s stock in a transaction dated Monday, November 10th. The shares were sold at an average price of $1,433.57, for a total transaction of $679,512.18. Following the completion of the sale, the director directly owned 311 shares of the company’s stock, valued at $445,840.27. This represents a 60.38% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 19,565 shares of company stock valued at $28,683,737 in the last three months. Company insiders own 1.94% of the company’s stock.
Mettler-Toledo International Trading Up 0.2%
Mettler-Toledo International (NYSE:MTD – Get Free Report) last released its earnings results on Thursday, November 6th. The medical instruments supplier reported $11.15 earnings per share for the quarter, topping analysts’ consensus estimates of $10.62 by $0.53. The business had revenue of $1.03 billion for the quarter, compared to analyst estimates of $997.36 million. Mettler-Toledo International had a net margin of 21.20% and a negative return on equity of 426.96%. The business’s revenue was up 7.9% on a year-over-year basis. During the same period last year, the company posted $10.21 EPS. Mettler-Toledo International has set its Q4 2025 guidance at 12.680-12.880 EPS and its FY 2025 guidance at 42.050-42.250 EPS. On average, sell-side analysts forecast that Mettler-Toledo International, Inc. will post 42.71 EPS for the current fiscal year.
Analysts Set New Price Targets
Several equities research analysts recently commented on the stock. Morgan Stanley assumed coverage on shares of Mettler-Toledo International in a report on Tuesday, December 2nd. They issued an “equal weight” rating and a $1,550.00 price target for the company. Barclays cut their target price on shares of Mettler-Toledo International from $1,600.00 to $1,550.00 and set an “overweight” rating for the company in a research note on Monday, December 15th. The Goldman Sachs Group began coverage on shares of Mettler-Toledo International in a research note on Tuesday, December 9th. They issued a “neutral” rating and a $1,475.00 price target on the stock. Citigroup boosted their price objective on Mettler-Toledo International from $1,600.00 to $1,700.00 and gave the stock a “buy” rating in a research note on Monday, November 10th. Finally, Bank of America raised Mettler-Toledo International from a “neutral” rating to a “buy” rating and set a $1,600.00 target price for the company in a report on Monday, December 15th. Six research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $1,441.67.
Check Out Our Latest Report on Mettler-Toledo International
Mettler-Toledo International Company Profile
Mettler-Toledo International Inc is a global manufacturer and distributor of precision instruments and services for laboratory, industrial and food retail applications. The company’s product portfolio includes laboratory balances and analytical instruments, industrial weighing systems, process analytics and sensors, metal detection and x-ray inspection equipment, checkweighers, and a range of automated inspection and data-management solutions. Mettler-Toledo also provides software, calibration and lifecycle services intended to support compliance, quality control and operational efficiency across customer facilities.
The company serves a broad set of end markets including pharmaceutical and biotech laboratories, chemical and food processors, logistics and manufacturing operations, and retail environments where accurate weighing and inspection are critical.
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