Universal Beteiligungs und Servicegesellschaft mbH Cuts Stake in Mettler-Toledo International, Inc. (NYSE:MTD)

Universal Beteiligungs und Servicegesellschaft mbH decreased its position in shares of Mettler-Toledo International, Inc. (NYSE:MTD - Free Report) by 55.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,395 shares of the medical instruments supplier's stock after selling 20,419 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.08% of Mettler-Toledo International worth $19,361,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of MTD. Choreo LLC boosted its stake in shares of Mettler-Toledo International by 5.0% in the 1st quarter. Choreo LLC now owns 543 shares of the medical instruments supplier's stock worth $641,000 after buying an additional 26 shares during the last quarter. OneAscent Wealth Management LLC bought a new position in shares of Mettler-Toledo International during the first quarter valued at approximately $224,000. Gallacher Capital Management LLC bought a new position in shares of Mettler-Toledo International during the first quarter valued at approximately $301,000. Sargent Investment Group LLC bought a new stake in shares of Mettler-Toledo International during the first quarter valued at approximately $549,000. Finally, Lindbrook Capital LLC increased its position in shares of Mettler-Toledo International by 44.4% during the first quarter. Lindbrook Capital LLC now owns 143 shares of the medical instruments supplier's stock valued at $169,000 after acquiring an additional 44 shares in the last quarter. 95.07% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. UBS Group raised shares of Mettler-Toledo International from a "neutral" rating to a "buy" rating and cut their target price for the stock from $1,530.00 to $1,350.00 in a research report on Tuesday, May 20th. Wall Street Zen cut shares of Mettler-Toledo International from a "buy" rating to a "hold" rating in a research note on Monday, May 5th. Evercore ISI boosted their target price on shares of Mettler-Toledo International from $1,200.00 to $1,280.00 and gave the stock an "outperform" rating in a report on Tuesday, July 8th. Bank of America boosted their target price on shares of Mettler-Toledo International from $1,200.00 to $1,260.00 and gave the stock a "neutral" rating in a report on Thursday, June 26th. Finally, 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. Seven research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Mettler-Toledo International presently has a consensus rating of "Hold" and an average target price of $1,280.90.

Mettler-Toledo International Trading Up 0.3%

Shares of NYSE MTD traded up $3.22 during midday trading on Friday, reaching $1,263.97. The company had a trading volume of 155,612 shares, compared to its average volume of 175,277. The business's 50-day simple moving average is $1,181.58 and its 200 day simple moving average is $1,193.94. The stock has a market cap of $26.27 billion, a P/E ratio of 31.52, a P/E/G ratio of 3.86 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 posted its quarterly earnings results on Thursday, May 1st. The medical instruments supplier reported $8.19 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $7.90 by $0.29. The business had revenue of $883.74 million during the quarter, compared to analysts' expectations of $876.61 million. Mettler-Toledo International had a net margin of 22.17% and a negative return on equity of 556.22%. The business's quarterly revenue was down 4.6% on a year-over-year basis. During the same quarter last year, the company posted $8.89 earnings per share. Analysts predict that Mettler-Toledo International, Inc. will post 42.71 earnings per share for the current year.

Insider Buying and Selling at Mettler-Toledo International

In other news, Director Michael A. Kelly sold 1,062 shares of the stock in a transaction on Wednesday, May 28th. The shares were sold at an average price of $1,159.93, for a total value of $1,231,845.66. Following the sale, the director owned 120 shares in the company, valued at $139,191.60. This represents a 89.85% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.94% of the stock is owned by insiders.

Mettler-Toledo International 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.