T. Rowe Price Investment Management Inc. Has $479.67 Million Stock Holdings in Mettler-Toledo International, Inc. $MTD

T. Rowe Price Investment Management Inc. increased its holdings in Mettler-Toledo International, Inc. (NYSE:MTD) by 11.9% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 406,189 shares of the medical instruments supplier’s stock after purchasing an additional 43,082 shares during the period. T. Rowe Price Investment Management Inc. owned approximately 1.95% of Mettler-Toledo International worth $479,673,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in MTD. Zions Bancorporation National Association UT acquired a new position in Mettler-Toledo International in the first quarter worth about $43,000. Golden State Wealth Management LLC raised its position in Mettler-Toledo International by 583.3% in the first quarter. Golden State Wealth Management LLC now owns 41 shares of the medical instruments supplier’s stock worth $48,000 after purchasing an additional 35 shares in the last quarter. Menard Financial Group LLC acquired a new position in Mettler-Toledo International in the fourth quarter worth about $67,000. Blue Trust Inc. raised its position in Mettler-Toledo International by 520.0% in the first quarter. Blue Trust Inc. now owns 62 shares of the medical instruments supplier’s stock worth $73,000 after purchasing an additional 52 shares in the last quarter. Finally, Farther Finance Advisors LLC raised its position in Mettler-Toledo International by 39.1% in the first quarter. Farther Finance Advisors LLC now owns 89 shares of the medical instruments supplier’s stock worth $103,000 after purchasing an additional 25 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, insider Gerry Keller sold 165 shares of the stock in a transaction that occurred on Thursday, August 14th. The shares were sold at an average price of $1,308.64, for a total transaction of $215,925.60. Following the sale, the insider directly owned 94 shares of the company’s stock, valued at $123,012.16. This represents a 63.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Thomas P. Salice sold 1,062 shares of the stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $1,300.90, for a total transaction of $1,381,555.80. Following the sale, the director directly owned 283 shares in the company, valued at $368,154.70. This trade represents a 78.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 2,589 shares of company stock valued at $3,205,554 over the last three months. 0.77% of the stock is owned by company insiders.

Analyst Ratings Changes

MTD has been the subject of several recent research reports. Evercore ISI dropped their price target on shares of Mettler-Toledo International from $1,280.00 to $1,275.00 and set an “outperform” rating for the company in a research report on Monday, August 4th. Wall Street Zen cut shares of Mettler-Toledo International from a “buy” rating to a “hold” rating in a research note on Monday, May 5th. Jefferies Financial Group raised shares of Mettler-Toledo International from an “underperform” rating to a “hold” rating and decreased their price objective for the stock from $1,200.00 to $1,110.00 in a research note on Monday, May 5th. Robert W. Baird upped their price objective on shares of Mettler-Toledo International from $1,210.00 to $1,230.00 and gave the stock a “neutral” rating in a research note on Monday, August 4th. Finally, UBS Group raised shares of Mettler-Toledo International from a “neutral” rating to a “buy” rating and decreased their price objective for the stock from $1,530.00 to $1,350.00 in a research note on Tuesday, May 20th. Five analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $1,288.89.

Mettler-Toledo International Price Performance

MTD opened at $1,323.5850 on Wednesday. Mettler-Toledo International, Inc. has a one year low of $946.69 and a one year high of $1,521.01. The company’s 50 day simple moving average is $1,220.14 and its 200-day simple moving average is $1,188.83. The stock has a market capitalization of $27.27 billion, a P/E ratio of 33.52, a price-to-earnings-growth ratio of 3.94 and a beta of 1.34.

Mettler-Toledo International (NYSE:MTD) last released its quarterly earnings results on Thursday, July 31st. The medical instruments supplier reported $10.09 EPS for the quarter, beating the consensus estimate of $9.58 by $0.51. Mettler-Toledo International had a net margin of 21.46% and a negative return on equity of 476.07%. The business had revenue of $983.22 million for the quarter, compared to analysts’ expectations of $957.41 million. During the same period in the prior year, the firm earned $9.65 earnings per share. Mettler-Toledo International’s revenue was up 3.9% compared to the same quarter last year. Mettler-Toledo International has set its FY 2025 guidance at 42.100-42.600 EPS. Q3 2025 guidance at 10.550-10.750 EPS. As a group, analysts anticipate that Mettler-Toledo International, Inc. will post 42.71 EPS for the current year.

About Mettler-Toledo International

Mettler-Toledo International Inc manufactures and supplies precision instruments and services in the Americas, Europe, Asia, and internationally. It operates through five segments: U.S. Operations, Swiss Operations, Western European Operations, Chinese Operations, and Other. The company’s laboratory instruments include laboratory balances, liquid pipetting solutions, automated laboratory reactors, real-time analytics, titrators, pH meters, process analytics sensors and analyzer technologies, physical value analyzers, density and refractometry, thermal analysis systems, and other analytical instruments; and LabX, a laboratory software platform to manage and analyze data generated from its instruments.