Mettler-Toledo International (MTD)

• Market cap: $24.8B
• 1 day: -0.43%
• 5 days: -6.46%
• 1 month: -14.51%
• 3 months: -18.14%
• 6 months: -22.64%
• Year to date: -3.26%
• 1 year: 11.84%
• 5 years: 63.54%
• 10 years: 302.73%
• Sector: Industrials
• Industry: Laboratory Analytical Instruments

About: Mettler-Toledo supplies weighing and precision instruments to customers in the life sciences (around 55% of sales), industrial (around 39%), and food retail (around 6%) industries. Its products include laboratory and retail scales, pipettes, pH meters, thermal analysis equipment, titrators, metal detectors, and X-ray analyzers. Mettler leads the market for weighing instrumentation and controls more than 50% of the market for lab balances. The business is geographically diversified, with the Americas accounting for about 37% of sales, Europe about 26%, China about 19% and the rest of the world about 18%.

Employees: 17,300

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

67% more funds holding in top 10

Funds holding in top 10: 3 [Q2] → 5 (+2) [Q3]

25% more call options, than puts

Call options by funds: $68.5M | Put options by funds: $55M

1% more capital invested

Capital invested by funds: $28.2B [Q2] → $28.6B (+$347M) [Q3]

3% less funds holding

Funds holding: 779 [Q2] → 758 (-21) [Q3]

4.76% less ownership

Funds ownership: 94.57% [Q2] → 89.81% (-4.76%) [Q3]

12% less repeat investments, than reductions

Existing positions increased: 251 | Existing positions reduced: 284

26% less first-time investments, than exits

New positions opened: 61 | Existing positions closed: 82

Research analyst outlook

5 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $1,310 12% upside
• Avg. target: $1,392 19% upside
• High target: $1,450 23% upside

5 analyst ratings

• positive: 1 20%
• neutral: 4 80%
• negative: 0 0%

Wells Fargo Brandon Couillard 18% 1-year accuracy 3 / 17 met price target	15% upside $1,350	Equal-Weight Maintained	11 Nov 2024
Stifel Daniel Arias 6% 1-year accuracy 1 / 16 met price target	23% upside $1,450	Buy Maintained	11 Nov 2024
Baird Catherine Schulte 22% 1-year accuracy 5 / 23 met price target	12% upside $1,310	Neutral Maintained	11 Nov 2024
Evercore ISI Group Vijay Kumar 49% 1-year accuracy 19 / 39 met price target	23% upside $1,450	In-Line Maintained	1 Oct 2024
Wells Fargo Brandon Couillard 18% 1-year accuracy 3 / 17 met price target	19% upside $1,400	Equal-Weight Initiated	27 Aug 2024