Mettler-Toledo International, Inc. (NYSE:MTD) Shares Sold by Ownership Capital B.V.

Ownership Capital B.V. trimmed its stake in shares of Mettler-Toledo International, Inc. (NYSE:MTD - Free Report) by 15.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 56,838 shares of the medical instruments supplier's stock after selling 10,706 shares during the period. Mettler-Toledo International comprises 3.1% of Ownership Capital B.V.'s holdings, making the stock its 15th largest position. Ownership Capital B.V. owned approximately 0.27% of Mettler-Toledo International worth $67,121,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. SBI Securities Co. Ltd. acquired a new stake in Mettler-Toledo International during the fourth quarter worth about $33,000. Edmond DE Rothschild Holding S.A. purchased a new position in Mettler-Toledo International during the fourth quarter worth approximately $44,000. Golden State Wealth Management LLC boosted its position in 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 worth $48,000 after purchasing an additional 35 shares in the last quarter. Menard Financial Group LLC purchased a new position in Mettler-Toledo International during the fourth quarter worth approximately $67,000. Finally, Blue Trust Inc. boosted its position in Mettler-Toledo International by 520.0% during the first quarter. Blue Trust Inc. now owns 62 shares of the medical instruments supplier's stock worth $73,000 after purchasing an additional 52 shares in the last quarter. 95.07% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Michael A. Kelly sold 1,062 shares of Mettler-Toledo International stock in a transaction that occurred on Wednesday, May 28th. The stock was sold at an average price of $1,159.93, for a total transaction of $1,231,845.66. Following the transaction, the director owned 120 shares in the company, 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 filing with the SEC, which can be accessed through this link. Insiders own 1.94% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Jefferies Financial Group upgraded Mettler-Toledo International from an "underperform" rating to a "hold" rating and lowered their price target for the stock from $1,200.00 to $1,110.00 in a research report on Monday, May 5th. UBS Group upgraded Mettler-Toledo International from a "neutral" rating to a "buy" rating and lowered their price target for the stock from $1,530.00 to $1,350.00 in a research report on Tuesday, May 20th. Evercore ISI increased their price target on Mettler-Toledo International from $1,200.00 to $1,280.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 8th. Wells Fargo & Company increased their price target on Mettler-Toledo International from $1,125.00 to $1,200.00 and gave the stock an "equal weight" rating in a research report on Monday, May 5th. Finally, Barclays started coverage on Mettler-Toledo International in a research note on Tuesday, June 24th. They issued an "overweight" rating and a $1,325.00 price target on the stock. Seven investment 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, the stock presently has a consensus rating of "Hold" and a consensus price target of $1,280.90.

Mettler-Toledo International Stock Performance

Shares of NYSE:MTD traded down $12.63 during trading on Friday, reaching $1,223.62. The stock had a trading volume of 118,779 shares, compared to its average volume of 150,546. Mettler-Toledo International, Inc. has a 1-year low of $946.69 and a 1-year high of $1,546.93. The stock has a market cap of $25.43 billion, a PE ratio of 30.51, a PEG ratio of 3.76 and a beta of 1.37. The business has a fifty day moving average price of $1,165.26 and a 200-day moving average price of $1,195.29.

Mettler-Toledo International (NYSE:MTD - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The medical instruments supplier reported $8.19 EPS for the quarter, topping analysts' consensus estimates 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 the consensus estimate of $876.61 million. During the same quarter last year, the business posted $8.89 earnings per share. The firm's revenue was down 4.6% compared to the same quarter last year. Sell-side analysts expect that Mettler-Toledo International, Inc. will post 42.71 earnings per share for the current 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.