Teacher Retirement System of Texas Sells 9,489 Shares of Mettler-Toledo International, Inc. $MTD

Teacher Retirement System of Texas cut its stake in shares of Mettler-Toledo International, Inc. (NYSE:MTD) by 42.1% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 13,068 shares of the medical instruments supplier’s stock after selling 9,489 shares during the period. Teacher Retirement System of Texas owned about 0.06% of Mettler-Toledo International worth $15,351,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. WPG Advisers LLC purchased a new stake in Mettler-Toledo International in the 1st quarter worth $41,000. Zions Bancorporation National Association UT purchased a new stake in Mettler-Toledo International in the 1st quarter worth $43,000. Golden State Wealth Management LLC lifted its stake in Mettler-Toledo International by 583.3% in the 1st 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. Sound Income Strategies LLC lifted its stake in Mettler-Toledo International by 477.8% in the 2nd quarter. Sound Income Strategies LLC now owns 52 shares of the medical instruments supplier’s stock worth $61,000 after purchasing an additional 43 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd purchased a new stake in Mettler-Toledo International in the 2nd quarter worth $63,000. 95.07% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on MTD. Robert W. Baird boosted their target price on shares of Mettler-Toledo International from $1,210.00 to $1,230.00 and gave the company a “neutral” rating in a research note on Monday, August 4th. Citigroup raised their price target on Mettler-Toledo International from $1,400.00 to $1,600.00 and gave the company a “buy” rating in a research note on Thursday, August 21st. Barclays raised their price target on Mettler-Toledo International from $1,325.00 to $1,350.00 and gave the company an “overweight” rating in a research note on Thursday, October 2nd. JPMorgan Chase & Co. upped their price target on shares of 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. Finally, Bank of America lifted their price target on Mettler-Toledo International from $1,260.00 to $1,390.00 and gave the stock a “neutral” rating in a report on Monday, September 22nd. Five analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat, Mettler-Toledo International presently has an average rating of “Hold” and a consensus target price of $1,336.50.

Mettler-Toledo International Price Performance

Shares of MTD opened at $1,405.39 on Wednesday. Mettler-Toledo International, Inc. has a 1-year low of $946.69 and a 1-year high of $1,454.68. The stock has a market cap of $28.95 billion, a PE ratio of 35.59, a price-to-earnings-growth ratio of 4.27 and a beta of 1.37. The firm has a fifty day moving average price of $1,300.97 and a 200 day moving average price of $1,214.73.

Mettler-Toledo International (NYSE:MTD) last posted 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 negative return on equity of 476.07% and a net margin of 21.46%.The business had revenue of $983.22 million during the quarter, compared to analysts’ expectations of $957.41 million. During the same period last year, the firm earned $9.65 EPS. The company’s quarterly 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, 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 other news, insider Gerry Keller sold 165 shares of Mettler-Toledo International stock in a transaction on Thursday, August 14th. The stock was sold at an average price of $1,308.64, for a total transaction of $215,925.60. Following the completion of the transaction, the insider owned 94 shares of the company’s stock, valued at $123,012.16. The trade was a 63.71% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Thomas P. Salice sold 1,062 shares of Mettler-Toledo International stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $1,300.90, for a total value of $1,381,555.80. Following the transaction, the director directly owned 283 shares of the company’s stock, valued at $368,154.70. This trade represents a 78.96% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 1,827 shares of company stock valued at $2,371,208 in the last ninety days. Corporate insiders own 0.77% of the company’s stock.

Mettler-Toledo International Company 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.