Mettler-Toledo International, Inc. (NYSE:MTD) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. lessened its position in Mettler-Toledo International, Inc. (NYSE:MTD - Free Report) by 2.0% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 10,096 shares of the medical instruments supplier's stock after selling 202 shares during the period. Victory Capital Management Inc.'s holdings in Mettler-Toledo International were worth $11,922,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Edmond DE Rothschild Holding S.A. bought a new stake in shares of Mettler-Toledo International during the 4th quarter worth approximately $44,000. Golden State Wealth Management LLC increased its holdings in Mettler-Toledo International by 583.3% in 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 shares of Mettler-Toledo International during the fourth quarter valued at approximately $67,000. Blue Trust Inc. boosted its position in Mettler-Toledo International by 520.0% in 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 during the last quarter. Finally, Huntington National Bank raised its stake in shares of Mettler-Toledo International by 63.0% in the fourth quarter. Huntington National Bank now owns 88 shares of the medical instruments supplier's stock valued at $108,000 after buying an additional 34 shares during the period. 95.07% of the stock is currently owned by institutional investors and hedge funds.

Mettler-Toledo International Stock Performance

NYSE:MTD traded up $3.22 on Friday, hitting $1,263.97. The stock had a trading volume of 155,612 shares, compared to its average volume of 175,277. The firm's fifty day simple moving average is $1,181.58 and its two-hundred 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 price-to-earnings-growth 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 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 during the quarter, compared to analyst estimates of $876.61 million. During the same quarter in the previous year, the firm earned $8.89 EPS. Mettler-Toledo International's quarterly revenue was down 4.6% compared to the same quarter last year. Equities research analysts predict that Mettler-Toledo International, Inc. will post 42.71 EPS for the current year.

Wall Street Analysts Forecast Growth

MTD has been the subject of a number of recent analyst reports. Wells Fargo & Company upped their price target on Mettler-Toledo International from $1,125.00 to $1,200.00 and gave the company an "equal weight" rating in a research report on Monday, May 5th. Robert W. Baird cut their target price on Mettler-Toledo International from $1,369.00 to $1,034.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 22nd. UBS Group upgraded Mettler-Toledo International from a "neutral" rating to a "buy" rating and lowered their target price for the stock from $1,530.00 to $1,350.00 in a report on Tuesday, May 20th. Barclays started coverage on Mettler-Toledo International in a research report on Tuesday, June 24th. They set an "overweight" rating and a $1,325.00 price target on the stock. Finally, Evercore ISI lifted 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 note 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. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $1,280.90.

Insiders Place Their Bets

In other news, Director Michael A. Kelly sold 1,062 shares of the firm's 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 value of $1,231,845.66. Following the transaction, the director owned 120 shares in the company, valued at $139,191.60. This trade represents a 89.85% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 1.94% of the company's stock.

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.