Assenagon Asset Management S.A. Grows Stock Position in Mettler-Toledo International, Inc. $MTD

Assenagon Asset Management S.A. lifted its holdings in shares of Mettler-Toledo International, Inc. (NYSE:MTD) by 38.6% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 12,872 shares of the medical instruments supplier’s stock after acquiring an additional 3,586 shares during the period. Assenagon Asset Management S.A. owned approximately 0.06% of Mettler-Toledo International worth $16,234,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of MTD. Norges Bank acquired a new stake in shares of Mettler-Toledo International during the fourth quarter worth $520,989,000. M&T Bank Corp increased its position in shares of Mettler-Toledo International by 2,813.6% in the 4th quarter. M&T Bank Corp now owns 124,205 shares of the medical instruments supplier’s stock valued at $173,165,000 after acquiring an additional 119,942 shares during the period. Capital International Investors raised its stake in Mettler-Toledo International by 12.7% in the 4th quarter. Capital International Investors now owns 969,067 shares of the medical instruments supplier’s stock worth $1,351,064,000 after acquiring an additional 109,508 shares during the last quarter. Alliancebernstein L.P. raised its stake in Mettler-Toledo International by 10.7% in the 3rd quarter. Alliancebernstein L.P. now owns 793,927 shares of the medical instruments supplier’s stock worth $974,633,000 after acquiring an additional 76,478 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its position in Mettler-Toledo International by 39,107.6% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 61,556 shares of the medical instruments supplier’s stock worth $85,821,000 after acquiring an additional 61,399 shares during the period. Institutional investors and hedge funds own 95.07% of the company’s stock.

Mettler-Toledo International Stock Performance

Shares of Mettler-Toledo International stock opened at $1,263.76 on Friday. The firm has a 50-day simple moving average of $1,178.25 and a two-hundred day simple moving average of $1,293.75. The company has a market cap of $25.54 billion, a P/E ratio of 29.64, a price-to-earnings-growth ratio of 2.64 and a beta of 1.27. Mettler-Toledo International, Inc. has a fifty-two week low of $1,023.05 and a fifty-two week high of $1,525.17.

Mettler-Toledo International (NYSE:MTD) last posted 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 period last year, the firm earned $8.19 EPS. 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. Equities research analysts forecast that Mettler-Toledo International, Inc. will post 46.6 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on MTD shares. Wall Street Zen downgraded Mettler-Toledo International from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. Citigroup cut their price target on shares of 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 reduced their price target on shares of Mettler-Toledo International from $1,550.00 to $1,500.00 and set an “overweight” rating for the company in a research report on Tuesday, April 14th. Morgan Stanley decreased their price objective on shares of Mettler-Toledo International from $1,475.00 to $1,275.00 and set an “equal weight” rating for the company in a research note on Tuesday, May 12th. Finally, Robert W. Baird cut 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 note on Monday, May 11th. Six analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $1,408.55.

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.