L. Roy Papp & Associates LLP Cuts Holdings in Mettler-Toledo International Inc. (NYSE:MTD)

L. Roy Papp & Associates LLP cut its position in Mettler-Toledo International Inc. (NYSE:MTD - Free Report) by 3.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,883 shares of the medical instruments supplier's stock after selling 310 shares during the quarter. Mettler-Toledo International comprises 1.4% of L. Roy Papp & Associates LLP's investment portfolio, making the stock its 21st biggest position. L. Roy Papp & Associates LLP's holdings in Mettler-Toledo International were worth $11,671,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. GAMMA Investing LLC boosted its stake in Mettler-Toledo International by 131,246.3% during the first quarter. GAMMA Investing LLC now owns 386,158 shares of the medical instruments supplier's stock valued at $456,018,000 after buying an additional 385,864 shares during the period. Norges Bank purchased a new stake in shares of Mettler-Toledo International in the 4th quarter valued at about $372,954,000. Proficio Capital Partners LLC purchased a new stake in shares of Mettler-Toledo International in the 4th quarter valued at about $163,216,000. T. Rowe Price Investment Management Inc. boosted its position in shares of Mettler-Toledo International by 36.1% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 363,107 shares of the medical instruments supplier's stock valued at $444,327,000 after acquiring an additional 96,300 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA grew its holdings in shares of Mettler-Toledo International by 53.0% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 214,281 shares of the medical instruments supplier's stock worth $262,211,000 after purchasing an additional 74,187 shares in the last quarter. 95.07% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

MTD has been the subject of several research analyst reports. 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. Evercore ISI upped their target price on shares of Mettler-Toledo International from $1,450.00 to $1,475.00 and gave the stock an "outperform" rating in a research report on Monday, February 10th. Robert W. Baird lowered their price target on Mettler-Toledo International from $1,369.00 to $1,034.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 22nd. Jefferies Financial Group raised Mettler-Toledo International from an "underperform" rating to a "hold" rating and dropped their price target for the stock from $1,200.00 to $1,110.00 in a research note on Monday, May 5th. Finally, Citigroup raised Mettler-Toledo International from a "neutral" rating to a "buy" rating and set a $1,400.00 price objective on the stock in a report on Monday, April 7th. Seven equities research 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 an average rating of "Hold" and a consensus price target of $1,302.11.

Insider Buying and Selling at Mettler-Toledo International

In other Mettler-Toledo International news, Director Michael A. Kelly sold 1,062 shares of the business's stock in a transaction on Wednesday, May 28th. The stock was sold at an average price of $1,159.93, for a total value of $1,231,845.66. Following the sale, the director now directly owns 120 shares of the company's stock, valued at approximately $139,191.60. The trade was a 89.85% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 1.94% of the company's stock.

Mettler-Toledo International Trading Up 1.7%

Shares of MTD stock traded up $19.27 during midday trading on Friday, reaching $1,183.88. 158,407 shares of the stock were exchanged, compared to its average volume of 151,459. Mettler-Toledo International Inc. has a 1 year low of $946.69 and a 1 year high of $1,546.93. The firm has a market cap of $24.60 billion, a PE ratio of 29.21, a price-to-earnings-growth ratio of 3.30 and a beta of 1.38. The company's 50 day moving average is $1,091.77 and its two-hundred day moving average is $1,204.66.

Mettler-Toledo International (NYSE:MTD - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The medical instruments supplier reported $8.19 earnings per share for the quarter, topping the consensus estimate of $7.90 by $0.29. Mettler-Toledo International had a negative return on equity of 591.54% and a net margin of 22.29%. The company 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 earnings per share. The firm's revenue for the quarter was down 4.6% on a year-over-year basis. As a group, equities analysts expect that Mettler-Toledo International Inc. will post 42.71 EPS 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.