Bank of Nova Scotia Sells 3,679 Shares of Mettler-Toledo International, Inc. $MTD

Bank of Nova Scotia decreased its stake in shares of Mettler-Toledo International, Inc. (NYSE:MTD) by 50.4% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 3,618 shares of the medical instruments supplier’s stock after selling 3,679 shares during the quarter. Bank of Nova Scotia’s holdings in Mettler-Toledo International were worth $4,563,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in MTD. Sei Investments Co. lifted its holdings in shares of Mettler-Toledo International by 0.4% during the 1st quarter. Sei Investments Co. now owns 35,496 shares of the medical instruments supplier’s stock worth $44,763,000 after acquiring an additional 156 shares during the period. Cetera Investment Advisers boosted its holdings in Mettler-Toledo International by 2.7% during the first quarter. Cetera Investment Advisers now owns 1,471 shares of the medical instruments supplier’s stock valued at $1,855,000 after purchasing an additional 39 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in shares of Mettler-Toledo International by 10.2% in the 1st quarter. PNC Financial Services Group Inc. now owns 4,806 shares of the medical instruments supplier’s stock valued at $6,061,000 after purchasing an additional 444 shares during the period. Glenview Trust Co raised its holdings in shares of Mettler-Toledo International by 1.9% in the 1st quarter. Glenview Trust Co now owns 790 shares of the medical instruments supplier’s stock worth $996,000 after buying an additional 15 shares in the last quarter. Finally, Meeder Asset Management Inc. boosted its stake in Mettler-Toledo International by 4,216.7% in the 1st quarter. Meeder Asset Management Inc. now owns 259 shares of the medical instruments supplier’s stock valued at $327,000 after buying an additional 253 shares in the last quarter. Institutional investors own 95.07% of the company’s stock.

Analysts Set New Price Targets

MTD has been the topic of a number of recent analyst reports. Morgan Stanley reduced their price target on shares of Mettler-Toledo International from $1,475.00 to $1,275.00 and set an “equal weight” rating on the stock in a research report on Tuesday, May 12th. Wolfe Research assumed coverage on Mettler-Toledo International in a report on Tuesday, June 2nd. They issued a “peer perform” rating for the company. Citigroup reduced 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 research report on Friday, May 8th. Wall Street Zen cut shares of Mettler-Toledo International from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. Finally, Stifel Nicolaus lowered their price target on shares of Mettler-Toledo International from $1,600.00 to $1,400.00 and set a “buy” rating for the company in a report on Monday, May 18th. Six equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $1,408.55.

Mettler-Toledo International Stock Up 0.6%

Mettler-Toledo International stock opened at $1,335.70 on Tuesday. The stock has a market capitalization of $26.99 billion, a PE ratio of 31.33, a price-to-earnings-growth ratio of 2.77 and a beta of 1.24. Mettler-Toledo International, Inc. has a twelve month low of $1,023.05 and a twelve month high of $1,525.17. The company has a 50 day moving average of $1,212.30 and a 200-day moving average of $1,276.84.

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 the consensus estimate of $8.70 by $0.21. The firm had revenue of $947.13 million for the quarter, compared to analysts’ expectations of $943.14 million. Mettler-Toledo International had a negative return on equity of 622.80% and a net margin of 21.40%.The business’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $8.19 EPS. 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 analysts anticipate that Mettler-Toledo International, Inc. will post 46.63 EPS for the current fiscal year.

About Mettler-Toledo International

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.