Welch & Forbes LLC Decreases Stock Holdings in Mettler-Toledo International, Inc. (NYSE:MTD)

Welch & Forbes LLC decreased its position in shares of Mettler-Toledo International, Inc. (NYSE:MTD - Free Report) by 0.5% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 61,033 shares of the medical instruments supplier's stock after selling 276 shares during the quarter. Welch & Forbes LLC owned approximately 0.29% of Mettler-Toledo International worth $72,075,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in MTD. Edmond DE Rothschild Holding S.A. bought a new stake in Mettler-Toledo International during the 4th quarter valued at $44,000. Golden State Wealth Management LLC boosted its holdings in Mettler-Toledo International by 583.3% during the 1st 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 period. Menard Financial Group LLC bought a new stake in Mettler-Toledo International during the 4th quarter valued at $67,000. Blue Trust Inc. increased its holdings in Mettler-Toledo International by 520.0% during the 1st quarter. Blue Trust Inc. now owns 62 shares of the medical instruments supplier's stock valued at $73,000 after purchasing an additional 52 shares during the period. Finally, Farther Finance Advisors LLC lifted its position in shares of Mettler-Toledo International by 14.3% in 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 period. Institutional investors own 95.07% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Citigroup raised shares of Mettler-Toledo International from a "neutral" rating to a "buy" rating and set a $1,400.00 target price for the company in a research note on Monday, April 7th. Bank of America lifted their price objective on Mettler-Toledo International from $1,200.00 to $1,260.00 and gave the company a "neutral" rating in a research note on Thursday, June 26th. Jefferies Financial Group raised Mettler-Toledo International from an "underperform" rating to a "hold" rating and cut their target price for the stock from $1,200.00 to $1,110.00 in a research note on Monday, May 5th. Robert W. Baird decreased 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 report on Tuesday, April 22nd. Finally, Evercore ISI increased their price objective on Mettler-Toledo International from $1,200.00 to $1,280.00 and gave the company an "outperform" rating in a research report on Tuesday, July 8th. Seven investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $1,280.90.

Insider Buying and Selling at Mettler-Toledo International

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 sale, the director directly 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.94% of the stock is currently owned by insiders.

Mettler-Toledo International Stock Performance

Shares of Mettler-Toledo International stock traded up $22.20 on Thursday, hitting $1,206.40. 87,289 shares of the company's stock were exchanged, compared to its average volume of 150,982. The stock has a market capitalization of $25.07 billion, a PE ratio of 30.13, a PEG ratio of 3.59 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. The company has a 50-day simple moving average of $1,171.39 and a 200-day simple moving average of $1,194.38.

Mettler-Toledo International (NYSE:MTD - Get Free Report) last issued its 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. The company had revenue of $883.74 million during the quarter, compared to the consensus estimate of $876.61 million. Mettler-Toledo International had a net margin of 22.17% and a negative return on equity of 556.22%. Mettler-Toledo International's quarterly revenue was down 4.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $8.89 EPS. On average, analysts expect that Mettler-Toledo International, Inc. will post 42.71 EPS for the current fiscal 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.