Norges Bank Takes Position in Mettler-Toledo International, Inc. $MTD

Norges Bank purchased a new stake in shares of Mettler-Toledo International, Inc. (NYSE:MTD) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 373,686 shares of the medical instruments supplier’s stock, valued at approximately $520,989,000. Norges Bank owned about 1.83% of Mettler-Toledo International at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Eurizon Capital SGR S.p.A. purchased a new stake in shares of Mettler-Toledo International during the fourth quarter valued at approximately $27,905,000. Fideuram Asset Management Ireland dac purchased a new stake in shares of Mettler-Toledo International during the fourth quarter valued at approximately $312,000. National Pension Service increased its position in shares of Mettler-Toledo International by 3.0% during the fourth quarter. National Pension Service now owns 40,720 shares of the medical instruments supplier’s stock valued at $56,771,000 after acquiring an additional 1,201 shares during the last quarter. Garde Capital Inc. purchased a new stake in shares of Mettler-Toledo International during the fourth quarter valued at approximately $209,000. Finally, Huntington National Bank increased its holdings in Mettler-Toledo International by 38.9% during the fourth quarter. Huntington National Bank now owns 125 shares of the medical instruments supplier’s stock worth $174,000 after buying an additional 35 shares during the last quarter. 95.07% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

MTD has been the topic of several research reports. Robert W. Baird lowered 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 report on Monday, May 11th. Jefferies Financial Group raised shares of Mettler-Toledo International from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $1,400.00 to $1,450.00 in a research report on Friday, March 20th. Barclays lowered their price objective on shares of 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. Morgan Stanley lowered their price objective 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. Finally, Stifel Nicolaus lowered their price objective on shares of Mettler-Toledo International from $1,600.00 to $1,400.00 and set a “buy” rating on the stock in a research report on Monday, May 18th. Six research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Mettler-Toledo International has an average rating of “Moderate Buy” and a consensus price target of $1,408.55.

Mettler-Toledo International Stock Up 0.1%

MTD opened at $1,181.99 on Monday. The company has a market capitalization of $23.89 billion, a price-to-earnings ratio of 27.72, a PEG ratio of 2.46 and a beta of 1.27. Mettler-Toledo International, Inc. has a twelve month low of $1,023.05 and a twelve month high of $1,525.17. The firm has a 50-day moving average price of $1,221.65 and a 200-day moving average price of $1,331.35.

Mettler-Toledo International (NYSE:MTD) last announced its quarterly earnings results on Thursday, May 7th. The medical instruments supplier reported $8.91 earnings per share for the quarter, beating the consensus estimate of $8.70 by $0.21. The company had revenue of $947.13 million during 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 firm’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same period in the previous year, the business earned $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. On average, sell-side analysts expect that Mettler-Toledo International, Inc. will post 46.6 earnings per share for the current fiscal year.

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.