Mettler-Toledo International Inc. (NYSE:MTD) Shares Sold by L. Roy Papp & Associates LLP

L. Roy Papp & Associates LLP cut its holdings in Mettler-Toledo International Inc. (NYSE:MTD) by 0.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 10,193 shares of the medical instruments supplier’s stock after selling 89 shares during the quarter. Mettler-Toledo International comprises approximately 1.5% of L. Roy Papp & Associates LLP’s portfolio, making the stock its 21st largest holding. L. Roy Papp & Associates LLP’s holdings in Mettler-Toledo International were worth $12,473,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in MTD. Blue Trust Inc. increased its position in Mettler-Toledo International by 242.9% in the 3rd quarter. Blue Trust Inc. now owns 24 shares of the medical instruments supplier’s stock valued at $34,000 after acquiring an additional 17 shares during the period. Ashton Thomas Securities LLC acquired a new stake in Mettler-Toledo International during the 3rd quarter worth approximately $37,000. Sound Income Strategies LLC grew its stake in shares of 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 during the last quarter. Raleigh Capital Management Inc. increased its holdings in shares of Mettler-Toledo International by 272.7% in the third quarter. Raleigh Capital Management Inc. now owns 41 shares of the medical instruments supplier’s stock valued at $61,000 after purchasing an additional 30 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. raised its stake in shares of Mettler-Toledo International by 60.0% during the third quarter. Whittier Trust Co. of Nevada Inc. now owns 48 shares of the medical instruments supplier’s stock worth $72,000 after purchasing an additional 18 shares during the last quarter. 95.07% of the stock is owned by hedge funds and other institutional investors.

Mettler-Toledo International Trading Down 0.7 %

Shares of MTD opened at $1,331.19 on Wednesday. Mettler-Toledo International Inc. has a twelve month low of $1,133.46 and a twelve month high of $1,546.93. The firm has a market capitalization of $28.09 billion, a P/E ratio of 32.84, a PEG ratio of 4.80 and a beta of 1.13. The firm’s 50-day moving average is $1,280.49 and its two-hundred day moving average is $1,342.46.

Mettler-Toledo International (NYSE:MTD) last released its quarterly earnings results on Thursday, February 13th. The medical instruments supplier reported $12.41 earnings per share for the quarter, topping analysts’ consensus estimates of $11.76 by $0.65. Mettler-Toledo International had a negative return on equity of 564.51% and a net margin of 22.29%. Analysts predict that Mettler-Toledo International Inc. will post 41.94 EPS for the current year.

Insider Activity

In other Mettler-Toledo International news, insider Gerry Keller sold 140 shares of the company’s stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $1,254.09, for a total value of $175,572.60. Following the sale, the insider now owns 6 shares of the company’s stock, valued at $7,524.54. This represents a 95.89 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.94% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Stifel Nicolaus lowered their price objective on shares of Mettler-Toledo International from $1,550.00 to $1,450.00 and set a “buy” rating on the stock in a research report on Monday, November 11th. Wells Fargo & Company lifted their target price on shares of Mettler-Toledo International from $1,350.00 to $1,400.00 and gave the company an “equal weight” rating in a report on Monday. Robert W. Baird boosted their price target on shares of Mettler-Toledo International from $1,362.00 to $1,369.00 and gave the stock a “neutral” rating in a research note on Monday. Citigroup upgraded shares of Mettler-Toledo International from a “sell” rating to a “neutral” rating and raised their price objective for the company from $1,200.00 to $1,300.00 in a research report on Wednesday, December 11th. Finally, Wolfe Research began coverage on Mettler-Toledo International in a research report on Friday, December 13th. They set a “peer perform” rating on the stock. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $1,368.00.

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.