Nordea Investment Management AB Has $150.68 Million Stock Holdings in Mettler-Toledo International, Inc. $MTD

Nordea Investment Management AB lifted its stake in Mettler-Toledo International, Inc. (NYSE:MTD) by 16.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 127,624 shares of the medical instruments supplier’s stock after acquiring an additional 17,587 shares during the quarter. Nordea Investment Management AB owned approximately 0.61% of Mettler-Toledo International worth $150,684,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. WPG Advisers LLC acquired a new position in Mettler-Toledo International during the first quarter worth $41,000. Zions Bancorporation National Association UT acquired a new position in Mettler-Toledo International during the first quarter worth $43,000. Golden State Wealth Management LLC increased its position in Mettler-Toledo International by 583.3% during the first quarter. Golden State Wealth Management LLC now owns 41 shares of the medical instruments supplier’s stock worth $48,000 after buying an additional 35 shares during the last quarter. Sound Income Strategies LLC increased its position in Mettler-Toledo International by 477.8% during the second quarter. Sound Income Strategies LLC now owns 52 shares of the medical instruments supplier’s stock worth $61,000 after buying an additional 43 shares during the last quarter. Finally, Blue Trust Inc. increased its position in Mettler-Toledo International by 520.0% during the first quarter. Blue Trust Inc. now owns 62 shares of the medical instruments supplier’s stock worth $73,000 after buying an additional 52 shares during the last quarter. 95.07% of the stock is owned by institutional investors and hedge funds.

Mettler-Toledo International Price Performance

MTD stock opened at $1,351.15 on Friday. Mettler-Toledo International, Inc. has a 52-week low of $946.69 and a 52-week high of $1,438.46. The company has a 50-day moving average of $1,287.35 and a two-hundred day moving average of $1,194.93. The stock has a market capitalization of $27.83 billion, a price-to-earnings ratio of 34.21, a price-to-earnings-growth ratio of 4.08 and a beta of 1.37.

Mettler-Toledo International (NYSE:MTD) last released its earnings results on Thursday, July 31st. The medical instruments supplier reported $10.09 earnings per share 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 during the quarter, compared to analysts’ expectations of $957.41 million. During the same quarter last year, the company earned $9.65 earnings per share. The firm’s revenue was up 3.9% on a year-over-year basis. Mettler-Toledo International has set its FY 2025 guidance at 42.100-42.600 EPS. Q3 2025 guidance at 10.550-10.750 EPS. Equities analysts expect that Mettler-Toledo International, Inc. will post 42.71 EPS for the current fiscal year.

Insider Activity at Mettler-Toledo International

In related news, insider Gerry Keller sold 165 shares of the stock in a transaction dated Thursday, August 14th. The shares were sold at an average price of $1,308.64, for a total value of $215,925.60. Following the completion of the sale, the insider owned 94 shares in the company, valued at approximately $123,012.16. This trade represents a 63.71% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Thomas P. Salice sold 1,062 shares of the stock in a transaction dated 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 completion of the sale, the director owned 283 shares of the company’s stock, valued at approximately $368,154.70. The trade was a 78.96% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,827 shares of company stock worth $2,371,208. Company insiders own 1.94% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. JPMorgan Chase & Co. increased their target price on shares of Mettler-Toledo International from $1,200.00 to $1,285.00 and gave the stock a “neutral” rating in a research report on Thursday, October 9th. Barclays increased their target price on shares of Mettler-Toledo International from $1,325.00 to $1,350.00 and gave the stock an “overweight” rating in a research report on Thursday, October 2nd. Robert W. Baird increased their target price on shares of Mettler-Toledo International from $1,210.00 to $1,230.00 and gave the stock a “neutral” rating in a research report on Monday, August 4th. Weiss Ratings restated a “hold (c)” rating on shares of Mettler-Toledo International in a report on Wednesday, October 8th. Finally, Evercore ISI upped their price target on shares of Mettler-Toledo International from $1,275.00 to $1,400.00 and gave the company an “outperform” rating in a report on Tuesday, October 7th. Five equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, Mettler-Toledo International has an average rating of “Hold” and a consensus price target of $1,336.50.

Mettler-Toledo International Profile

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.