Sun Sep 15 14:25:16 UTC 2024: ## DekaBank Cuts Stake in Mettler-Toledo International, Institutional Investors Show Mixed Interest

**NEW YORK, NY –** DekaBank Deutsche Girozentrale, a German investment bank, has trimmed its stake in medical instruments supplier Mettler-Toledo International Inc. (NYSE:MTD) by 0.6% in the second quarter, according to a recent SEC filing. The bank now holds 28,428 shares, valued at $39,884,000, representing approximately 0.13% of the company’s stock.

While DekaBank reduced its holding, other institutional investors have made moves in the opposite direction. EverSource Wealth Advisors LLC, UMB Bank n.a., Gulf International Bank UK Ltd, and Bellevue Group AG all increased their stakes in Mettler-Toledo International during recent quarters.

However, the overall picture remains mixed, with institutional ownership currently sitting at 95.07%. Notably, company insiders have also been active in the market, with CFO Shawn Vadala and insider Christian Magloth selling shares in August.

Mettler-Toledo International recently reported strong second-quarter earnings, exceeding analyst estimates on both revenue and earnings per share. The company’s revenue, however, declined 3.6% compared to the same period last year. Despite the dip, analysts are optimistic about the company’s future, forecasting 40.35 earnings per share for the current fiscal year.

The stock has garnered mixed opinions from analysts. While Goldman Sachs Group and JPMorgan Chase & Co. raised their price targets, Jefferies Financial Group maintained an “underperform” rating. Overall, the stock currently has an average rating of “Hold” and an average target price of $1,356.25.

Mettler-Toledo International, a global leader in precision instruments and services, operates across multiple segments, including laboratory instruments, industrial instruments, and software solutions.

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