Fundsmith 13F: Cuts MTD Stake by $15M

Fundsmith Trims Mettler-Toledo Holdings

Fundsmith trimmed its investment in Mettler-Toledo International Inc. MTD by 2.1% during the period ended May 15, 2026, according to a Form 13F filing with the Securities and Exchange Commission. The firm sold 11,991 shares of the precision instruments maker, leaving it with 568,516 shares. That remaining stake held a reported value of roughly $726.3 million at the time of the report.

Adjusting the Position in MTD

The reduction lowers Fundsmith's exposure slightly after the fund began the period holding 580,507 shares. Because 13F filings look backward at historical holdings, this report captures the position at a specific point in time and might not reflect the fund's current stance today. Fundsmith has also trimmed or exited several other holdings recently, including complete exits from Graco, Choice Hotels, and Exponent, alongside sharp cuts in Doximity and Napco Security Technologies.

MTD Stock Trades Below Recent Averages

Mettler-Toledo shares recently changed hands around $1,277.51 on Saturday. The stock trades within a 52-week band anchored by a low of $1,023.05 and a high of $1,525.17. Its fifty-day moving average sits at $1,372.29, while the two-hundred-day moving average rests closer to $1,314.02.

Recent Earnings Performance

Mettler-Toledo generated $4.13 billion in revenue with a growth rate of 4.5% and posted earnings of $44.42 per share. The company operates with a net margin of 21.9% and carries a trailing price-to-earnings ratio of 32.2 alongside a forward P/E of 27.7. Shareholders can look toward the next scheduled earnings release on November 5, 2026, for updated financial figures.

Wall Street Analyst Updates

Wall Street firms have continued adjusting their outlooks for MTD. On October 13, 2026, Morgan Stanley maintained its Equal-Weight rating while lifting its price target to $1,575.00. Earlier on October 7, 2026, Barclays kept an Overweight rating and raised its target to $1,700.00. Additional recent updates include coverage initiations from Rothschild & Co with a Sell rating and a $1,200.00 target on September 2, 2026, and RBC Capital with a Sector Perform rating and a $1,515.00 target on September 1, 2026. The stock currently holds a consensus recommendation of Hold alongside a mean price target of $1,457.50.

Precision Instruments Provider

Mettler-Toledo International Inc. manufactures weighing and analytical instruments for laboratory, industrial, and food-retailing applications worldwide. Headquartered in Greifensee, Switzerland, the company provides essential measurement tools used across pharmaceutical research, chemical manufacturing, and quality control labs globally.

What to Watch at Mettler-Toledo International Inc.

Investors tracking Fundsmith's portfolio will monitor subsequent quarterly disclosures to see if the firm continues trimming its position or holds steady. Meanwhile, market participants will keep an eye on broader healthcare sector trends and the upcoming November earnings report for signs of operational momentum.