Mettler-Toledo International, Inc. (NYSE:MTD) Shares Acquired by Slow Capital Inc.

Slow Capital Inc. grew its holdings in Mettler-Toledo International, Inc. (NYSE:MTD - Free Report) by 87.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,240 shares of the medical instruments supplier's stock after purchasing an additional 1,984 shares during the quarter. Slow Capital Inc.'s holdings in Mettler-Toledo International were worth $5,006,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of MTD. Edmond DE Rothschild Holding S.A. acquired a new stake in Mettler-Toledo International during the 4th quarter valued at $44,000. Golden State Wealth Management LLC boosted its stake in shares of Mettler-Toledo International by 583.3% during the first quarter. Golden State Wealth Management LLC now owns 41 shares of the medical instruments supplier's stock valued at $48,000 after acquiring an additional 35 shares during the last quarter. Menard Financial Group LLC acquired a new stake in shares of Mettler-Toledo International during the fourth quarter valued at $67,000. Blue Trust Inc. boosted its stake in shares of Mettler-Toledo International by 520.0% during the first quarter. Blue Trust Inc. now owns 62 shares of the medical instruments supplier's stock valued at $73,000 after acquiring an additional 52 shares during the last quarter. Finally, Farther Finance Advisors LLC boosted its stake in shares of Mettler-Toledo International by 14.3% during the 4th quarter. Farther Finance Advisors LLC now owns 64 shares of the medical instruments supplier's stock worth $78,000 after purchasing an additional 8 shares during the last quarter. 95.07% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Michael A. Kelly sold 1,062 shares of the business's stock in a transaction dated 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 transaction, the director owned 120 shares in the company, 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. 0.77% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have issued reports on MTD. Barclays started coverage on shares of Mettler-Toledo International in a research note on Tuesday, June 24th. They set an "overweight" rating and a $1,325.00 price target on the stock. Robert W. Baird decreased their price objective on Mettler-Toledo International from $1,369.00 to $1,034.00 and set a "neutral" rating on the stock in a report on Tuesday, April 22nd. Citigroup upgraded shares of Mettler-Toledo International from a "neutral" rating to a "buy" rating and set a $1,400.00 price target on the stock in a report on Monday, April 7th. Wells Fargo & Company lifted their target price on Mettler-Toledo International from $1,125.00 to $1,200.00 and gave the company an "equal weight" rating in a report on Monday, May 5th. Finally, UBS Group raised Mettler-Toledo International from a "neutral" rating to a "buy" rating and lowered their price target for the company from $1,530.00 to $1,350.00 in a research report on Tuesday, May 20th. Seven equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, Mettler-Toledo International currently has a consensus rating of "Hold" and an average target price of $1,280.90.

Mettler-Toledo International Trading Up 1.3%

Shares of MTD traded up $15.15 during midday trading on Wednesday, reaching $1,183.71. 198,270 shares of the company were exchanged, compared to its average volume of 151,114. The stock has a 50-day moving average price of $1,169.38 and a 200-day moving average price of $1,194.46. The company has a market cap of $24.60 billion, a price-to-earnings ratio of 29.52, a P/E/G ratio of 3.67 and a beta of 1.37. Mettler-Toledo International, Inc. has a 1-year low of $946.69 and a 1-year 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 EPS for the quarter, topping the consensus estimate of $7.90 by $0.29. Mettler-Toledo International had a negative return on equity of 556.22% and a net margin of 22.17%. The firm had revenue of $883.74 million for the quarter, compared to analyst estimates of $876.61 million. During the same period in the previous year, the company posted $8.89 EPS. Mettler-Toledo International's revenue for the quarter was down 4.6% on a year-over-year basis. Equities research analysts anticipate that Mettler-Toledo International, Inc. will post 42.71 earnings per share for the current year.

Mettler-Toledo International Company Profile

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.