Canoe Financial LP Lowers Holdings in Mettler-Toledo International, Inc. $MTD

Canoe Financial LP lowered its stake in shares of Mettler-Toledo International, Inc. (NYSE:MTD) by 3.8% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 51,824 shares of the medical instruments supplier’s stock after selling 2,040 shares during the quarter. Canoe Financial LP owned about 0.26% of Mettler-Toledo International worth $65,360,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Norges Bank acquired a new position in Mettler-Toledo International during the fourth quarter worth approximately $520,989,000. M&T Bank Corp boosted its holdings 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 purchasing an additional 119,942 shares during the last quarter. Capital International Investors grew its stake in shares of Mettler-Toledo International by 12.7% during the 4th quarter. Capital International Investors now owns 969,067 shares of the medical instruments supplier’s stock valued at $1,351,064,000 after buying an additional 109,508 shares during the period. Alliancebernstein L.P. grew its stake in shares of Mettler-Toledo International by 10.7% during the 3rd quarter. Alliancebernstein L.P. now owns 793,927 shares of the medical instruments supplier’s stock valued at $974,633,000 after buying an additional 76,478 shares during the period. Finally, Northwestern Mutual Wealth Management Co. increased its holdings in shares of 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 buying an additional 61,399 shares during the last quarter. 95.07% of the stock is owned by institutional investors and hedge funds.

Mettler-Toledo International Stock Performance

Shares of NYSE:MTD opened at $1,263.76 on Monday. The company has a market cap of $25.54 billion, a P/E ratio of 29.64, a PEG ratio of 2.64 and a beta of 1.27. Mettler-Toledo International, Inc. has a one year low of $1,023.05 and a one year high of $1,525.17. The business’s 50-day simple moving average is $1,178.25 and its 200 day simple moving average is $1,293.13.

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, topping analysts’ consensus estimates of $8.70 by $0.21. The business had revenue of $947.13 million for the quarter, compared to analysts’ expectations of $943.14 million. Mettler-Toledo International had a net margin of 21.40% and a negative return on equity of 622.80%. The business’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same period in the previous year, the company posted $8.19 earnings per share. 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 year.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. Barclays cut their target price on Mettler-Toledo International from $1,550.00 to $1,500.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 14th. Wall Street Zen downgraded Mettler-Toledo International from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. Citigroup dropped their price target on Mettler-Toledo International from $1,700.00 to $1,550.00 and set a “buy” rating for the company in a research note on Friday, May 8th. Jefferies Financial Group upgraded Mettler-Toledo International from a “hold” rating to a “buy” rating and raised their price objective for the stock from $1,400.00 to $1,450.00 in a report on Friday, March 20th. Finally, Wolfe Research initiated coverage on Mettler-Toledo International in a research note on Tuesday, June 2nd. They issued a “peer perform” rating on the stock. 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, the company presently has an average rating of “Hold” 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.