Norges Bank Acquires New Holdings in Mettler-Toledo International, Inc. $MTD

Norges Bank acquired a new stake in shares of Mettler-Toledo International, Inc. (NYSE:MTD) in the 4th quarter, HoldingsChannel reports. The institutional investor acquired 373,686 shares of the medical instruments supplier’s stock, valued at approximately $520,989,000.

Several other hedge funds also recently bought and sold shares of MTD. EverSource Wealth Advisors LLC grew its position in Mettler-Toledo International by 2.4% during the third quarter. EverSource Wealth Advisors LLC now owns 294 shares of the medical instruments supplier’s stock worth $361,000 after buying an additional 7 shares in the last quarter. Allworth Financial LP grew its position in Mettler-Toledo International by 6.1% during the third quarter. Allworth Financial LP now owns 121 shares of the medical instruments supplier’s stock worth $149,000 after buying an additional 7 shares in the last quarter. Meridian Wealth Management LLC grew its position in Mettler-Toledo International by 1.7% during the third quarter. Meridian Wealth Management LLC now owns 480 shares of the medical instruments supplier’s stock worth $589,000 after buying an additional 8 shares in the last quarter. Valeo Financial Advisors LLC grew its position in Mettler-Toledo International by 4.0% during the third quarter. Valeo Financial Advisors LLC now owns 207 shares of the medical instruments supplier’s stock worth $254,000 after buying an additional 8 shares in the last quarter. Finally, Evergreen Capital Management LLC grew its position in Mettler-Toledo International by 4.5% during the fourth quarter. Evergreen Capital Management LLC now owns 184 shares of the medical instruments supplier’s stock worth $257,000 after buying an additional 8 shares in the last quarter. Hedge funds and other institutional investors own 95.07% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on MTD. Robert W. Baird reduced their target price on Mettler-Toledo International from $1,445.00 to $1,194.00 and set a “neutral” rating for the company in a research report on Monday, May 11th. Stifel Nicolaus cut their price target on shares of Mettler-Toledo International from $1,600.00 to $1,400.00 and set a “buy” rating for the company in a research note on Monday, May 18th. JPMorgan Chase & Co. cut their price target on shares of Mettler-Toledo International from $1,413.00 to $1,200.00 and set a “neutral” rating for the company in a research note on Monday, May 11th. Citigroup cut their price target on shares of Mettler-Toledo International from $1,700.00 to $1,550.00 and set a “buy” rating for the company in a research note on Friday, May 8th. Finally, Wall Street Zen cut shares of Mettler-Toledo International from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. Six analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Mettler-Toledo International presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,408.55.

Mettler-Toledo International Stock Performance

Shares of Mettler-Toledo International stock opened at $1,181.99 on Monday. Mettler-Toledo International, Inc. has a 52-week low of $1,023.05 and a 52-week high of $1,525.17. The company has a fifty day moving average of $1,221.65 and a 200-day moving average of $1,331.35. The stock has a market capitalization of $23.89 billion, a price-to-earnings ratio of 27.72, a price-to-earnings-growth ratio of 2.46 and a beta of 1.27.

Mettler-Toledo International (NYSE:MTD) last released its earnings results on Thursday, May 7th. The medical instruments supplier reported $8.91 EPS for the quarter, beating 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 company had revenue of $947.13 million for the quarter, compared to analyst estimates of $943.14 million. During the same quarter last year, the firm earned $8.19 EPS. The firm’s quarterly 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. On average, equities research analysts forecast that Mettler-Toledo International, Inc. will post 46.6 earnings per share for the current fiscal year.

Mettler-Toledo International Company 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.