Sumitomo Mitsui Trust Group Inc. Sells 2,802 Shares of Mettler-Toledo International, Inc. $MTD

Sumitomo Mitsui Trust Group Inc. trimmed its stake in Mettler-Toledo International, Inc. (NYSE:MTD) by 6.0% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 43,930 shares of the medical instruments supplier’s stock after selling 2,802 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Mettler-Toledo International were worth $55,405,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Capital International Investors boosted its holdings in shares of Mettler-Toledo International by 12.7% in the fourth quarter. Capital International Investors now owns 969,067 shares of the medical instruments supplier’s stock valued at $1,351,064,000 after purchasing an additional 109,508 shares during the period. Alliancebernstein L.P. increased its holdings in Mettler-Toledo International by 10.7% during the 3rd quarter. Alliancebernstein L.P. now owns 793,927 shares of the medical instruments supplier’s stock worth $974,633,000 after purchasing an additional 76,478 shares during the period. T. Rowe Price Investment Management Inc. raised its position in Mettler-Toledo International by 0.5% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 691,565 shares of the medical instruments supplier’s stock valued at $964,174,000 after purchasing an additional 3,157 shares in the last quarter. Geode Capital Management LLC raised its position in Mettler-Toledo International by 2.4% during the 4th quarter. Geode Capital Management LLC now owns 597,448 shares of the medical instruments supplier’s stock valued at $830,879,000 after purchasing an additional 14,106 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of Mettler-Toledo International in the 4th quarter worth $520,989,000. 95.07% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on MTD shares. Stifel Nicolaus dropped their price target on 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. Wolfe Research initiated coverage on Mettler-Toledo International in a report on Tuesday, June 2nd. They issued a “peer perform” rating for the company. Barclays lowered their price objective on shares of Mettler-Toledo International from $1,550.00 to $1,500.00 and set an “overweight” rating for the company in a research note on Tuesday, April 14th. Wall Street Zen downgraded shares of Mettler-Toledo International from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Mettler-Toledo International in a report on Tuesday. Six analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $1,408.55.

Mettler-Toledo International Price Performance

NYSE MTD traded up $8.51 during midday trading on Friday, hitting $1,296.53. 106,818 shares of the company traded hands, compared to its average volume of 205,615. The company has a market cap of $26.20 billion, a PE ratio of 30.41, a price-to-earnings-growth ratio of 2.70 and a beta of 1.24. The company’s 50-day simple moving average is $1,177.49 and its 200-day simple moving average is $1,286.27. Mettler-Toledo International, Inc. has a 52 week low of $1,023.05 and a 52 week high of $1,525.17.

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 (EPS) for the quarter, beating analysts’ consensus estimates of $8.70 by $0.21. The business had revenue of $947.13 million for the quarter, compared to the consensus estimate of $943.14 million. Mettler-Toledo International had a negative return on equity of 622.80% and a net margin of 21.40%.The business’s revenue was up 7.2% compared to the same quarter last year. During the same period last year, the business posted $8.19 EPS. 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, research analysts predict that Mettler-Toledo International, Inc. will post 46.6 earnings per share for the current year.

Mettler-Toledo International 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.