Donaldson Capital Management LLC Has $515,000 Stock Position in Mettler-Toledo International Inc. (NYSE:MTD)

Donaldson Capital Management LLC reduced its holdings in Mettler-Toledo International Inc. (NYSE:MTD - Free Report) by 44.7% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 436 shares of the medical instruments supplier's stock after selling 353 shares during the quarter. Donaldson Capital Management LLC's holdings in Mettler-Toledo International were worth $515,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of MTD. Apollon Wealth Management LLC grew its holdings in shares of Mettler-Toledo International by 2.5% in the 4th quarter. Apollon Wealth Management LLC now owns 368 shares of the medical instruments supplier's stock worth $451,000 after acquiring an additional 9 shares during the last quarter. Wilmington Savings Fund Society FSB boosted its position in Mettler-Toledo International by 87.8% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 139 shares of the medical instruments supplier's stock valued at $170,000 after purchasing an additional 65 shares during the last quarter. Empowered Funds LLC boosted its position in Mettler-Toledo International by 288.2% during the fourth quarter. Empowered Funds LLC now owns 1,312 shares of the medical instruments supplier's stock valued at $1,605,000 after purchasing an additional 974 shares during the last quarter. Kestra Private Wealth Services LLC lifted its position in shares of Mettler-Toledo International by 251.6% in the fourth quarter. Kestra Private Wealth Services LLC now owns 777 shares of the medical instruments supplier's stock worth $951,000 after buying an additional 556 shares during the last quarter. Finally, Savant Capital LLC lifted its position in shares of Mettler-Toledo International by 22.2% in the fourth quarter. Savant Capital LLC now owns 341 shares of the medical instruments supplier's stock worth $417,000 after buying an additional 62 shares during the last quarter. 95.07% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Mettler-Toledo International

In other news, Director Michael A. Kelly sold 1,062 shares of the firm's stock in a transaction that occurred on Wednesday, May 28th. The shares were sold at an average price of $1,159.93, for a total transaction of $1,231,845.66. Following the transaction, the director now directly owns 120 shares of the company's stock, valued at approximately $139,191.60. This trade represents a 89.85% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.94% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on MTD shares. Wall Street Zen lowered Mettler-Toledo International from a "buy" rating to a "hold" rating in a research note on Monday, May 5th. Wells Fargo & Company boosted their target price on shares of Mettler-Toledo International from $1,125.00 to $1,200.00 and gave the stock an "equal weight" rating in a research note on Monday, May 5th. Robert W. Baird dropped their price objective on shares of Mettler-Toledo International from $1,369.00 to $1,034.00 and set a "neutral" rating for the company in a research report on Tuesday, April 22nd. UBS Group upgraded shares of Mettler-Toledo International from a "neutral" rating to a "buy" rating and dropped their target price for the company from $1,530.00 to $1,350.00 in a research report on Tuesday, May 20th. Finally, Citigroup upgraded shares of Mettler-Toledo International from a "neutral" rating to a "buy" rating and set a $1,400.00 price objective for the company in a research report on Monday, April 7th. Seven analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, Mettler-Toledo International presently has a consensus rating of "Hold" and an average target price of $1,302.11.

Mettler-Toledo International Trading Down 0.2%

Shares of Mettler-Toledo International stock traded down $2.46 during trading hours on Thursday, reaching $1,190.52. 165,742 shares of the company's stock were exchanged, compared to its average volume of 151,986. The company has a 50 day moving average of $1,098.71 and a two-hundred day moving average of $1,205.01. The stock has a market cap of $24.74 billion, a P/E ratio of 29.37, a P/E/G ratio of 3.30 and a beta of 1.38. Mettler-Toledo International Inc. has a fifty-two week low of $946.69 and a fifty-two week high of $1,546.93.

Mettler-Toledo International (NYSE:MTD - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The medical instruments supplier reported $8.19 earnings per share for the quarter, beating the consensus estimate of $7.90 by $0.29. Mettler-Toledo International had a net margin of 22.29% and a negative return on equity of 591.54%. The firm had revenue of $883.74 million for the quarter, compared to analysts' expectations of $876.61 million. During the same period in the prior year, the firm earned $8.89 EPS. The business's revenue was down 4.6% on a year-over-year basis. As a group, analysts expect that Mettler-Toledo International Inc. will post 42.71 earnings per share for the current fiscal year.

About Mettler-Toledo International

Mettler-Toledo International Inc manufactures and supplies precision instruments and services in the Americas, Europe, Asia, and internationally. It operates through five segments: U.S. Operations, Swiss Operations, Western European Operations, Chinese Operations, and Other. The company's laboratory instruments include laboratory balances, liquid pipetting solutions, automated laboratory reactors, real-time analytics, titrators, pH meters, process analytics sensors and analyzer technologies, physical value analyzers, density and refractometry, thermal analysis systems, and other analytical instruments; and LabX, a laboratory software platform to manage and analyze data generated from its instruments.