Sterling Capital Management LLC Cuts Holdings in Mettler-Toledo International, Inc. $MTD

Sterling Capital Management LLC decreased its holdings in Mettler-Toledo International, Inc. (NYSE:MTD) by 43.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 698 shares of the medical instruments supplier’s stock after selling 526 shares during the period. Sterling Capital Management LLC’s holdings in Mettler-Toledo International were worth $880,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Nordea Investment Management AB lifted its stake in Mettler-Toledo International by 11.9% during the 4th quarter. Nordea Investment Management AB now owns 157,457 shares of the medical instruments supplier’s stock valued at $220,718,000 after acquiring an additional 16,777 shares during the period. Pensionfund Sabic bought a new stake in shares of Mettler-Toledo International in the fourth quarter worth approximately $1,255,000. M&T Bank Corp grew its stake in shares of Mettler-Toledo International by 2,813.6% in the fourth quarter. M&T Bank Corp now owns 124,205 shares of the medical instruments supplier’s stock worth $173,165,000 after acquiring an additional 119,942 shares during the period. Crossmark Global Holdings Inc. raised its holdings in shares of Mettler-Toledo International by 34.3% during the fourth quarter. Crossmark Global Holdings Inc. now owns 4,150 shares of the medical instruments supplier’s stock valued at $5,786,000 after purchasing an additional 1,060 shares during the last quarter. Finally, Legal & General Group Plc raised its holdings in shares of Mettler-Toledo International by 3.5% during the third quarter. Legal & General Group Plc now owns 169,256 shares of the medical instruments supplier’s stock valued at $207,780,000 after purchasing an additional 5,672 shares during the last quarter. Hedge funds and other institutional investors own 95.07% of the company’s stock.

Mettler-Toledo International Trading Up 1.6%

Shares of NYSE MTD opened at $1,279.26 on Wednesday. Mettler-Toledo International, Inc. has a 12-month low of $1,023.05 and a 12-month high of $1,525.17. The firm has a market capitalization of $25.85 billion, a price-to-earnings ratio of 30.00, a price-to-earnings-growth ratio of 2.63 and a beta of 1.27. The firm has a 50 day moving average of $1,176.41 and a 200 day moving average of $1,291.45.

Mettler-Toledo International (NYSE:MTD) last issued its quarterly earnings results on Thursday, May 7th. The medical instruments supplier reported $8.91 earnings per share for the quarter, topping the consensus estimate of $8.70 by $0.21. Mettler-Toledo International had a net margin of 21.40% and a negative return on equity of 622.80%. The business had revenue of $947.13 million for the quarter, compared to analysts’ expectations of $943.14 million. During the same quarter last year, the company posted $8.19 EPS. The company’s revenue was up 7.2% compared to the same quarter last year. 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. Sell-side analysts predict that Mettler-Toledo International, Inc. will post 46.6 EPS for the current year.

Analyst Ratings Changes

Several brokerages recently issued reports on MTD. Wolfe Research started coverage on shares of Mettler-Toledo International in a report on Tuesday, June 2nd. They issued a “peer perform” rating on the stock. Stifel Nicolaus lowered 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 report on Monday, May 18th. Jefferies Financial Group upgraded Mettler-Toledo International from a “hold” rating to a “buy” rating and raised their price target for the stock from $1,400.00 to $1,450.00 in a research note on Friday, March 20th. Citigroup cut their price objective on Mettler-Toledo International from $1,700.00 to $1,550.00 and set a “buy” rating for the company in a report on Friday, May 8th. Finally, Wall Street Zen cut Mettler-Toledo International from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. Six investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat, Mettler-Toledo International currently has a consensus rating of “Hold” and an average price target of $1,408.55.

About Mettler-Toledo International

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.