State of New Jersey Common Pension Fund D Raises Position in Mettler-Toledo International, Inc. $MTD

State of New Jersey Common Pension Fund D increased its holdings in Mettler-Toledo International, Inc. (NYSE:MTD) by 0.6% during the second quarter, Holdings Channel.com reports. The firm owned 6,826 shares of the medical instruments supplier’s stock after acquiring an additional 38 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Mettler-Toledo International were worth $8,019,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the stock. Sage Mountain Advisors LLC increased its holdings in shares of Mettler-Toledo International by 35.6% in the second quarter. Sage Mountain Advisors LLC now owns 244 shares of the medical instruments supplier’s stock worth $287,000 after buying an additional 64 shares during the period. Caitong International Asset Management Co. Ltd purchased a new position in Mettler-Toledo International in the 2nd quarter worth approximately $63,000. Asset Management One Co. Ltd. increased its stake in Mettler-Toledo International by 7.4% in the 2nd quarter. Asset Management One Co. Ltd. now owns 20,401 shares of the medical instruments supplier’s stock worth $23,965,000 after purchasing an additional 1,410 shares during the period. Ethic Inc. increased its stake in shares of Mettler-Toledo International by 4.5% in the second quarter. Ethic Inc. now owns 2,549 shares of the medical instruments supplier’s stock worth $3,019,000 after buying an additional 109 shares during the period. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in shares of Mettler-Toledo International in the second quarter worth $20,242,000. Hedge funds and other institutional investors own 95.07% of the company’s stock.

Insiders Place Their Bets

In other Mettler-Toledo International news, insider Gerry Keller sold 165 shares of the company’s 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 sale, the insider owned 94 shares in the company, valued at approximately $123,012.16. This represents a 63.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Shawn Vadala sold 300 shares of the company’s stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $1,325.00, for a total transaction of $397,500.00. Following the completion of the sale, the chief financial officer owned 5,095 shares in the company, valued at approximately $6,750,875. This trade represents a 5.56% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,827 shares of company stock worth $2,371,208. 1.94% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

MTD has been the topic of several analyst reports. Citigroup lifted their target price on shares of Mettler-Toledo International from $1,400.00 to $1,600.00 and gave the stock a “buy” rating in a research note on Thursday, August 21st. Evercore ISI boosted their price target on 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. JPMorgan Chase & Co. boosted their price target on Mettler-Toledo International from $1,200.00 to $1,285.00 and gave the company a “neutral” rating in a report on Thursday, October 9th. Robert W. Baird boosted their price target on Mettler-Toledo International from $1,210.00 to $1,230.00 and gave the company a “neutral” rating in a report on Monday, August 4th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Mettler-Toledo International in a research note on Saturday. Five analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $1,336.50.

Mettler-Toledo International Stock Down 0.2%

Shares of MTD stock opened at $1,435.51 on Monday. The stock has a market cap of $29.57 billion, a price-to-earnings ratio of 36.35, a PEG ratio of 4.31 and a beta of 1.37. The business’s fifty day moving average is $1,297.24 and its 200 day moving average is $1,209.37. Mettler-Toledo International, Inc. has a twelve month low of $946.69 and a twelve month high of $1,454.68.

Mettler-Toledo International (NYSE:MTD) last issued its quarterly earnings results on Thursday, July 31st. The medical instruments supplier reported $10.09 earnings per share for the quarter, topping the consensus estimate of $9.58 by $0.51. The company had revenue of $983.22 million for the quarter, compared to analysts’ expectations of $957.41 million. Mettler-Toledo International had a negative return on equity of 476.07% and a net margin of 21.46%.The firm’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same period in the prior year, the firm earned $9.65 earnings per share. 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 research analysts expect that Mettler-Toledo International, Inc. will post 42.71 earnings per share for the current fiscal year.

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.