Abacus FCF Advisors LLC Sells 1,449 Shares of Mettler-Toledo International Inc. (NYSE:MTD)

Abacus FCF Advisors LLC trimmed its position in shares of Mettler-Toledo International Inc. (NYSE:MTD - Free Report) by 60.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 938 shares of the medical instruments supplier's stock after selling 1,449 shares during the period. Abacus FCF Advisors LLC's holdings in Mettler-Toledo International were worth $1,108,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Farther Finance Advisors LLC lifted its holdings in Mettler-Toledo International by 14.3% in the 4th quarter. Farther Finance Advisors LLC now owns 64 shares of the medical instruments supplier's stock worth $78,000 after buying an additional 8 shares during the period. Apollon Wealth Management LLC raised its holdings in shares of Mettler-Toledo International by 2.5% during the fourth quarter. Apollon Wealth Management LLC now owns 368 shares of the medical instruments supplier's stock valued at $451,000 after acquiring an additional 9 shares in the last quarter. Steward Partners Investment Advisory LLC lifted its stake in Mettler-Toledo International by 3.0% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 306 shares of the medical instruments supplier's stock worth $374,000 after acquiring an additional 9 shares during the period. Atlantic Union Bankshares Corp lifted its stake in Mettler-Toledo International by 0.5% in the fourth quarter. Atlantic Union Bankshares Corp now owns 2,083 shares of the medical instruments supplier's stock worth $2,549,000 after acquiring an additional 10 shares during the period. Finally, Congress Asset Management Co. boosted its holdings in Mettler-Toledo International by 1.8% in the first quarter. Congress Asset Management Co. now owns 667 shares of the medical instruments supplier's stock valued at $788,000 after acquiring an additional 12 shares in the last quarter. 95.07% of the stock is owned by institutional investors.

Mettler-Toledo International Stock Up 2.0%

Shares of MTD stock traded up $23.55 during trading hours on Tuesday, hitting $1,218.94. 191,521 shares of the company's stock traded hands, compared to its average volume of 151,486. The stock's fifty day simple moving average is $1,092.81 and its two-hundred day simple moving average is $1,205.00. Mettler-Toledo International Inc. has a 12-month low of $946.69 and a 12-month high of $1,546.93. The stock has a market cap of $25.33 billion, a price-to-earnings ratio of 30.08, a PEG ratio of 3.30 and a beta of 1.38.

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 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 business had revenue of $883.74 million during the quarter, compared to analysts' expectations of $876.61 million. During the same quarter in the previous year, the business earned $8.89 earnings per share. The firm's quarterly revenue was down 4.6% compared to the same quarter last year. On average, equities 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 other news, Director Michael A. Kelly sold 1,062 shares of the stock in a transaction that occurred on Wednesday, May 28th. The shares were sold at an average price of $1,159.93, for a total transaction of $1,231,845.66. Following the sale, the director now owns 120 shares in the company, valued at $139,191.60. This represents a 89.85% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 1.94% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Citigroup raised shares of Mettler-Toledo International from a "neutral" rating to a "buy" rating and set a $1,400.00 target price for the company in a research report on Monday, April 7th. Wells Fargo & Company raised their price objective on shares of Mettler-Toledo International from $1,125.00 to $1,200.00 and gave the stock an "equal weight" rating in a report on Monday, May 5th. Wall Street Zen cut Mettler-Toledo International from a "buy" rating to a "hold" rating in a research report on Monday, May 5th. Robert W. Baird reduced 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 report on Tuesday, April 22nd. Finally, Jefferies Financial Group upgraded Mettler-Toledo International from an "underperform" rating to a "hold" rating and lowered their target price for the company from $1,200.00 to $1,110.00 in a research note on Monday, May 5th. Seven equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $1,302.11.

Mettler-Toledo International Company 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.