Mettler-Toledo International Inc. (NYSE:MTD) Shares Sold by Fundsmith LLP

Fundsmith LLP cut its position in Mettler-Toledo International Inc. (NYSE:MTD - Free Report) by 0.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 591,455 shares of the medical instruments supplier's stock after selling 464 shares during the quarter. Mettler-Toledo International makes up 3.1% of Fundsmith LLP's investment portfolio, making the stock its 14th biggest holding. Fundsmith LLP owned about 2.80% of Mettler-Toledo International worth $723,752,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. purchased a new position in Mettler-Toledo International in the 4th quarter valued at $33,000. Edmond DE Rothschild Holding S.A. acquired a new position in shares of Mettler-Toledo International during the fourth quarter worth about $44,000. Blue Trust Inc. increased its stake in shares of Mettler-Toledo International by 70.8% during the fourth quarter. Blue Trust Inc. now owns 41 shares of the medical instruments supplier's stock worth $50,000 after acquiring an additional 17 shares during the period. Whipplewood Advisors LLC acquired a new stake in Mettler-Toledo International in the fourth quarter valued at about $54,000. Finally, Sound Income Strategies LLC boosted its holdings in Mettler-Toledo International by 4,500.0% in the 4th quarter. Sound Income Strategies LLC now owns 46 shares of the medical instruments supplier's stock valued at $56,000 after purchasing an additional 45 shares in the last quarter. Hedge funds and other institutional investors own 95.07% of the company's stock.

Analyst Ratings Changes

Several research firms have recently commented on MTD. Robert W. Baird reduced their price target on 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. Wells Fargo & Company boosted their target price on shares of 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. Jefferies Financial Group raised shares of 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 note on Monday, May 5th. Citigroup raised shares of Mettler-Toledo International from a "neutral" rating to a "buy" rating and set a $1,400.00 price objective on the stock in a report on Monday, April 7th. Finally, StockNews.com lowered shares of Mettler-Toledo International from a "buy" rating to a "hold" rating in a research report on Monday, May 5th. Seven analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and an average price target of $1,296.13.

Mettler-Toledo International Trading Up 8.7%

Shares of Mettler-Toledo International stock traded up $94.35 during mid-day trading on Monday, hitting $1,175.33. 217,102 shares of the stock were exchanged, compared to its average volume of 145,957. The stock has a market capitalization of $24.43 billion, a price-to-earnings ratio of 29.00, a price-to-earnings-growth ratio of 3.30 and a beta of 1.40. Mettler-Toledo International Inc. has a twelve month low of $946.69 and a twelve month high of $1,546.93. The company has a 50-day simple moving average of $1,118.64 and a 200 day simple moving average of $1,222.47.

Mettler-Toledo International (NYSE:MTD - Get Free Report) last released 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. Mettler-Toledo International had a negative return on equity of 591.54% and a net margin of 22.29%. The firm had revenue of $883.74 million for the quarter, compared to the consensus estimate of $876.61 million. During the same period in the prior year, the business posted $8.89 earnings per share. The firm's revenue for the quarter was down 4.6% compared to the same quarter last year. Equities research analysts forecast that Mettler-Toledo International Inc. will post 42.71 earnings per share for the current fiscal year.

Insider Buying and Selling at Mettler-Toledo International

In related news, insider Christian Magloth sold 790 shares of the company's stock in a transaction on Monday, February 24th. The shares were sold at an average price of $1,313.69, for a total transaction of $1,037,815.10. Following the completion of the sale, the insider now directly owns 734 shares of the company's stock, valued at approximately $964,248.46. This represents a 51.84% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.94% of the stock is owned by company insiders.

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.