Comgest Global Investors S.A.S. Raises Holdings in Mettler-Toledo International Inc. (NYSE:MTD) (2024)

Comgest Global Investors S.A.S. raised its position in shares of Mettler-Toledo International Inc. (NYSE:MTD - Free Report) by 6.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 77,867 shares of the medical instruments supplier's stock after buying an additional 4,989 shares during the quarter. Mettler-Toledo International comprises approximately 1.5% of Comgest Global Investors S.A.S.'s portfolio, making the stock its 17th biggest position. Comgest Global Investors S.A.S. owned 0.36% of Mettler-Toledo International worth $108,826,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the business. Family Firm Inc. purchased a new position in Mettler-Toledo International during the second quarter valued at $25,000. Rise Advisors LLC bought a new position in shares of Mettler-Toledo International during the first quarter valued at $25,000. Spartan Planning & Wealth Management bought a new position in Mettler-Toledo International in the 4th quarter worth about $27,000. Bellevue Group AG bought a new position in Mettler-Toledo International in the 4th quarter worth about $30,000. Finally, Mather Group LLC. purchased a new stake in Mettler-Toledo International during the 1st quarter valued at about $32,000. Institutional investors own 95.07% of the company's stock.

Insider Buying and Selling at Mettler-Toledo International

In other Mettler-Toledo International news, CFO Shawn Vadala sold 250 shares of the firm's stock in a transaction that occurred on Wednesday, August 7th. The shares were sold at an average price of $1,401.00, for a total transaction of $350,250.00. Following the sale, the chief financial officer now owns 4,914 shares in the company, valued at approximately $6,884,514. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Mettler-Toledo International news, CFO Shawn Vadala sold 250 shares of the stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $1,401.00, for a total value of $350,250.00. Following the completion of the sale, the chief financial officer now owns 4,914 shares in the company, valued at approximately $6,884,514. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Christian Magloth sold 1,000 shares of the business's stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $1,422.97, for a total value of $1,422,970.00. Following the completion of the transaction, the insider now owns 734 shares in the company, valued at $1,044,459.98. The disclosure for this sale can be found here. 1.94% of the stock is currently owned by corporate insiders.

Mettler-Toledo International Stock Down 2.9 %

Shares of Mettler-Toledo International stock traded down $41.02 during trading hours on Tuesday, reaching $1,398.06. 96,121 shares of the stock traded hands, compared to its average volume of 138,914. Mettler-Toledo International Inc. has a one year low of $928.49 and a one year high of $1,546.93. The firm has a market capitalization of $29.86 billion, a price-to-earnings ratio of 40.36, a P/E/G ratio of 3.84 and a beta of 1.17. The company has a 50 day moving average price of $1,400.87 and a 200 day moving average price of $1,360.09.

Mettler-Toledo International (NYSE:MTD - Get Free Report) last announced its earnings results on Thursday, August 1st. The medical instruments supplier reported $9.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $9.00 by $0.65. The company had revenue of $946.75 million during the quarter, compared to analyst estimates of $929.13 million. Mettler-Toledo International had a net margin of 20.95% and a negative return on equity of 575.61%. The firm's quarterly revenue was down 3.6% compared to the same quarter last year. During the same period in the previous year, the business posted $10.19 earnings per share. Sell-side analysts anticipate that Mettler-Toledo International Inc. will post 40.35 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on MTD shares. Robert W. Baird increased their price target on shares of Mettler-Toledo International from $1,212.00 to $1,360.00 and gave the company a "neutral" rating in a report on Monday, May 13th. Stifel Nicolaus lifted their target price on Mettler-Toledo International from $1,510.00 to $1,550.00 and gave the stock a "buy" rating in a report on Monday, August 5th. Evercore ISI boosted their price target on Mettler-Toledo International from $1,375.00 to $1,390.00 and gave the stock an "in-line" rating in a research note on Tuesday, July 2nd. StockNews.com raised Mettler-Toledo International from a "hold" rating to a "buy" rating in a research report on Thursday, July 11th. Finally, Jefferies Financial Group reiterated an "underperform" rating and issued a $1,250.00 price objective (up from $1,230.00) on shares of Mettler-Toledo International in a report on Monday, June 3rd. Two analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat, Mettler-Toledo International presently has a consensus rating of "Hold" and a consensus price target of $1,356.25.

View Our Latest Analysis on MTD

Mettler-Toledo International Profile

(Free Report)

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.Its industrial instruments comprise industrial weighing instruments and related terminals, automatic dimensional measurement and data capture solutions, vehicle scale systems, industrial software, metal detection equipment, x-ray systems, check weighing equipment, camera-based imaging equipment, track-and-trace solutions, and product inspection systems.

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