Williams Jones Wealth Management LLC. Has $131.55 Million Stock Holdings in Mettler-Toledo International Inc. (NYSE:MTD)

Williams Jones Wealth Management LLC. reduced its stake in Mettler-Toledo International Inc. (NYSE:MTD - Free Report) by 5.1% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 107,506 shares of the medical instruments supplier's stock after selling 5,759 shares during the period. Mettler-Toledo International accounts for approximately 1.6% of Williams Jones Wealth Management LLC.'s holdings, making the stock its 19th largest holding. Williams Jones Wealth Management LLC. owned about 0.51% of Mettler-Toledo International worth $131,553,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in MTD. Farther Finance Advisors LLC raised its stake in Mettler-Toledo International by 14.3% in the fourth quarter. Farther Finance Advisors LLC now owns 64 shares of the medical instruments supplier's stock valued at $78,000 after buying an additional 8 shares during the period. M3 Advisory Group LLC raised its stake in Mettler-Toledo International by 5.8% in the fourth quarter. M3 Advisory Group LLC now owns 165 shares of the medical instruments supplier's stock valued at $202,000 after buying an additional 9 shares during the period. Apollon Wealth Management LLC raised its stake in Mettler-Toledo International by 2.5% in the fourth quarter. Apollon Wealth Management LLC now owns 368 shares of the medical instruments supplier's stock valued at $451,000 after buying an additional 9 shares during the period. Steward Partners Investment Advisory LLC raised 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 valued at $374,000 after buying an additional 9 shares during the period. Finally, Atlantic Union Bankshares Corp raised 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 valued at $2,549,000 after buying an additional 10 shares during the period. 95.07% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

MTD has been the topic of a number of recent research reports. Evercore ISI increased their target price on Mettler-Toledo International from $1,450.00 to $1,475.00 and gave the stock an "outperform" rating in a research note on Monday, February 10th. Jefferies Financial Group upgraded Mettler-Toledo International from an "underperform" rating to a "hold" rating and lowered their target price for the stock from $1,200.00 to $1,110.00 in a research note on Monday, May 5th. Robert W. Baird lowered 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. Wall Street Zen lowered Mettler-Toledo International from a "buy" rating to a "hold" rating in a research note on Monday, May 5th. Finally, Citigroup upgraded Mettler-Toledo International from a "neutral" rating to a "buy" rating and set a $1,400.00 target price on the stock in a research note on Monday, April 7th. Seven research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $1,302.11.

Insider Buying and Selling at Mettler-Toledo International

In other Mettler-Toledo International news, insider Christian Magloth sold 790 shares of the firm's stock in a transaction on Monday, February 24th. The stock was sold at an average price of $1,313.69, for a total value of $1,037,815.10. Following the sale, the insider now owns 734 shares of the company's stock, valued at approximately $964,248.46. This trade represents a 51.84% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 0.77% of the company's stock.

Mettler-Toledo International Price Performance

NYSE:MTD traded down $20.58 during trading hours on Friday, reaching $1,115.43. 247,891 shares of the company were exchanged, compared to its average volume of 150,020. The company has a market capitalization of $23.18 billion, a P/E ratio of 27.52, a P/E/G ratio of 3.30 and a beta of 1.40. Mettler-Toledo International Inc. has a 1-year low of $946.69 and a 1-year high of $1,546.93. The business has a 50 day moving average of $1,099.07 and a 200 day moving average of $1,210.80.

Mettler-Toledo International (NYSE:MTD - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The medical instruments supplier reported $8.19 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $7.90 by $0.29. The business had revenue of $883.74 million for the quarter, compared to the consensus estimate of $876.61 million. Mettler-Toledo International had a negative return on equity of 591.54% and a net margin of 22.29%. The firm's quarterly revenue was down 4.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $8.89 earnings per share. As a group, equities research analysts anticipate that Mettler-Toledo International Inc. will post 42.71 earnings per share for the current fiscal year.

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.