Mettler-Toledo International
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 Q2 SEC filings by fund managers ($100M+ AUM)
40% more call options, than puts
Call options by funds: $44.9M | Put options by funds: $32.1M
16% more first-time investments, than exits
New positions opened: 89 | Existing positions closed: 77
2% more funds holding
Funds holding: 765 [Q1] → 777 (+12) [Q2]
3% more capital invested
Capital invested by funds: $26.9B [Q1] → $27.8B (+$814M) [Q2]
0% more funds holding in top 10
Funds holding in top 10: 3 [Q1] → 3 (+0) [Q2]
1.26% less ownership
Funds ownership: 94.3% [Q1] → 93.04% (-1.26%) [Q2]
22% less repeat investments, than reductions
Existing positions increased: 240 | Existing positions reduced: 308
Research analyst outlook
4 Wall Street Analysts provided 1 year price targets over the past 3 months
4 analyst ratings
Evercore ISI Group Vijay Kumar 74% 1-year accuracy 28 / 38 met price target | 6%upside $1,450 | In-Line Maintained | 1 Oct 2024 |
Wells Fargo Brandon Couillard 40% 1-year accuracy 4 / 10 met price target | 3%upside $1,400 | Equal-Weight Initiated | 27 Aug 2024 |
JP Morgan Rachel Vatnsdal 64% 1-year accuracy 14 / 22 met price target | 3%upside $1,400 | Neutral Maintained | 5 Aug 2024 |
Stifel Daniel Arias 59% 1-year accuracy 10 / 17 met price target | 14%upside $1,550 | Buy Maintained | 5 Aug 2024 |