Allstate Corp Purchases 689 Shares of Mettler-Toledo International, Inc. $MTD

Allstate Corp increased its position in Mettler-Toledo International, Inc. (NYSE:MTD) by 94.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,418 shares of the medical instruments supplier’s stock after purchasing an additional 689 shares during the period. Allstate Corp’s holdings in Mettler-Toledo International were worth $1,977,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Elyxium Wealth LLC purchased a new position in Mettler-Toledo International during the fourth quarter valued at $29,000. Quantbot Technologies LP bought a new stake in shares of Mettler-Toledo International in the 3rd quarter worth $49,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in Mettler-Toledo International during the 4th quarter valued at about $56,000. State of Wyoming bought a new position in Mettler-Toledo International during the 2nd quarter valued at about $58,000. Finally, Kelleher Financial Advisors bought a new position in Mettler-Toledo International during the 3rd quarter valued at about $61,000. Hedge funds and other institutional investors own 95.07% of the company’s stock.

Mettler-Toledo International Trading Up 6.6%

Shares of MTD opened at $1,166.05 on Friday. The company has a market cap of $23.57 billion, a P/E ratio of 27.35, a P/E/G ratio of 2.28 and a beta of 1.31. Mettler-Toledo International, Inc. has a twelve month low of $1,023.05 and a twelve month high of $1,525.17. The company’s fifty day simple moving average is $1,221.84 and its 200-day simple moving average is $1,333.12.

Mettler-Toledo International (NYSE:MTD) last released its earnings results on Thursday, May 7th. The medical instruments supplier reported $8.91 EPS for the quarter, beating analysts’ consensus estimates of $8.70 by $0.21. Mettler-Toledo International had a negative return on equity of 622.80% and a net margin of 21.40%.The firm had revenue of $947.13 million for the quarter, compared to analysts’ expectations of $943.14 million. During the same quarter in the prior year, the firm posted $8.19 earnings per share. The company’s quarterly revenue was up 7.2% on a year-over-year basis. Mettler-Toledo International has set its FY 2026 guidance at 46.300-46.950 EPS and its Q2 2026 guidance at 10.700-10.850 EPS. Analysts predict that Mettler-Toledo International, Inc. will post 46.6 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on MTD shares. Wall Street Zen cut Mettler-Toledo International from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. Citigroup decreased their price target on Mettler-Toledo International from $1,700.00 to $1,550.00 and set a “buy” rating on the stock in a report on Friday, May 8th. Barclays decreased their price target on Mettler-Toledo International from $1,550.00 to $1,500.00 and set an “overweight” rating on the stock in a report on Tuesday, April 14th. Jefferies Financial Group upgraded shares of Mettler-Toledo International from a “hold” rating to a “buy” rating and lifted their price objective for the company from $1,400.00 to $1,450.00 in a research report on Friday, March 20th. Finally, Robert W. Baird reduced their price objective on shares of Mettler-Toledo International from $1,445.00 to $1,194.00 and set a “neutral” rating on the stock in a research report on Monday, May 11th. Six research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $1,408.55.

Mettler-Toledo International 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.