Mettler-Toledo International (MTD)

• Market cap: $26B
• 1 day: 2.05%
• 5 days: -2.92%
• 1 month: 5.47%
• 3 months: -12.47%
• 6 months: -15.51%
• Year to date: 1.36%
• 1 year: 3.69%
• 5 years: 55.14%
• 10 years: 308.69%
• 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

2% more capital invested

Capital invested by funds: $28.1B [Q2] → $28.6B (+$557M) [Q3]

1% less funds holding

Funds holding: 779 [Q2] → 775 (-4) [Q3]

6% less first-time investments, than exits

New positions opened: 64 | Existing positions closed: 68

10% less repeat investments, than reductions

Existing positions increased: 258 | Existing positions reduced: 286

4.08% less ownership

Funds ownership: 94.13% [Q2] → 90.05% (-4.08%) [Q3]

Research analyst outlook

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

• Low target: $1,300 6% upside
• Avg. target: $1,372 11% upside
• High target: $1,450 18% upside

5 analyst ratings

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

Citigroup Patrick Donnelly 43% 1-year accuracy 13 / 30 met price target	6% upside $1,300	Neutral Upgraded	11 Dec 2024
Wells Fargo Brandon Couillard 28% 1-year accuracy 5 / 18 met price target	10% upside $1,350	Equal-Weight Maintained	11 Nov 2024
Stifel Daniel Arias 22% 1-year accuracy 4 / 18 met price target	18% upside $1,450	Buy Maintained	11 Nov 2024
Baird Catherine Schulte 29% 1-year accuracy 6 / 21 met price target	6% upside $1,310	Neutral Maintained	11 Nov 2024
Evercore ISI Group Vijay Kumar 60% 1-year accuracy 28 / 47 met price target	18% upside $1,450	In-Line Maintained	1 Oct 2024