Roundview Capital LLC Lowers Holdings in Mettler-Toledo International, Inc. (NYSE:MTD)

Roundview Capital LLC trimmed its stake in Mettler-Toledo International, Inc. (NYSE:MTD - Free Report) by 47.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,301 shares of the medical instruments supplier's stock after selling 1,178 shares during the period. Roundview Capital LLC's holdings in Mettler-Toledo International were worth $1,536,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Greenleaf Trust lifted its holdings in Mettler-Toledo International by 1.2% in the 1st quarter. Greenleaf Trust now owns 872 shares of the medical instruments supplier's stock worth $1,030,000 after purchasing an additional 10 shares in the last quarter. Sequoia Financial Advisors LLC increased its stake in Mettler-Toledo International by 1.8% in the 1st quarter. Sequoia Financial Advisors LLC now owns 627 shares of the medical instruments supplier's stock worth $740,000 after acquiring an additional 11 shares during the last quarter. Albion Financial Group UT increased its stake in Mettler-Toledo International by 1.5% in the 1st quarter. Albion Financial Group UT now owns 754 shares of the medical instruments supplier's stock worth $890,000 after acquiring an additional 11 shares during the last quarter. TD Private Client Wealth LLC increased its stake in Mettler-Toledo International by 5.4% in the 1st quarter. TD Private Client Wealth LLC now owns 214 shares of the medical instruments supplier's stock worth $253,000 after acquiring an additional 11 shares during the last quarter. Finally, Congress Asset Management Co. increased its stake in Mettler-Toledo International by 1.8% in the 1st quarter. Congress Asset Management Co. now owns 667 shares of the medical instruments supplier's stock worth $788,000 after acquiring an additional 12 shares during the last quarter. 95.07% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Mettler-Toledo International

In other Mettler-Toledo International news, Director Michael A. Kelly sold 1,062 shares of the company'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 completion of the sale, the director directly owned 120 shares in the company, valued at approximately $139,191.60. This represents a 89.85% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.94% of the company's stock.

Wall Street Analyst Weigh In

MTD has been the topic of a number of research reports. Wall Street Zen downgraded Mettler-Toledo International from a "buy" rating to a "hold" rating in a research note on Monday, May 5th. UBS Group raised Mettler-Toledo International from a "neutral" rating to a "buy" rating and reduced their price objective for the stock from $1,530.00 to $1,350.00 in a research note on Tuesday, May 20th. Evercore ISI lifted their price objective on Mettler-Toledo International from $1,200.00 to $1,280.00 and gave the stock an "outperform" rating in a research note on Tuesday, July 8th. Barclays began coverage on Mettler-Toledo International in a research report on Tuesday, June 24th. They set an "overweight" rating and a $1,325.00 target price on the stock. Finally, Citigroup raised Mettler-Toledo International from a "neutral" rating to a "buy" rating and set a $1,400.00 target price on the stock in a research report on Monday, April 7th. Seven equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $1,280.90.

Mettler-Toledo International Stock Performance

Mettler-Toledo International stock traded up $5.33 during mid-day trading on Thursday, hitting $1,262.53. The company's stock had a trading volume of 196,872 shares, compared to its average volume of 134,707. The company has a 50 day moving average of $1,181.58 and a 200-day moving average of $1,193.94. The stock has a market cap of $26.24 billion, a PE ratio of 31.48, a P/E/G ratio of 3.86 and a beta of 1.37. Mettler-Toledo International, Inc. has a one year low of $946.69 and a one year high of $1,546.93.

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, beating the consensus estimate of $7.90 by $0.29. The company had revenue of $883.74 million for the quarter, compared to the consensus estimate of $876.61 million. Mettler-Toledo International had a negative return on equity of 556.22% and a net margin of 22.17%. Mettler-Toledo International's quarterly revenue was down 4.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $8.89 EPS. On average, equities research analysts forecast that Mettler-Toledo International, Inc. will post 42.71 EPS for the current fiscal year.

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.