Frank Rimerman Advisors LLC Acquires 381 Shares of Mettler-Toledo International Inc. (NYSE:MTD)

Frank Rimerman Advisors LLC raised its holdings in shares of Mettler-Toledo International Inc. (NYSE:MTD) by 12,700.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 384 shares of the medical instruments supplier’s stock after purchasing an additional 381 shares during the quarter. Frank Rimerman Advisors LLC’s holdings in Mettler-Toledo International were worth $537,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Rise Advisors LLC acquired a new stake in shares of Mettler-Toledo International during the 1st quarter worth about $25,000. Family Firm Inc. acquired a new stake in Mettler-Toledo International during the second quarter worth approximately $25,000. Spartan Planning & Wealth Management acquired a new stake in Mettler-Toledo International during the fourth quarter worth approximately $27,000. Bellevue Group AG bought a new stake in shares of Mettler-Toledo International during the fourth quarter worth approximately $30,000. Finally, Mather Group LLC. acquired a new position in shares of Mettler-Toledo International in the first quarter valued at approximately $32,000. 95.07% of the stock is owned by institutional investors.

Mettler-Toledo International Price Performance

Shares of MTD opened at $1,405.90 on Tuesday. The firm has a 50 day simple moving average of $1,409.58 and a two-hundred day simple moving average of $1,376.57. Mettler-Toledo International Inc. has a one year low of $928.49 and a one year high of $1,546.93. The company has a market cap of $30.03 billion, a P/E ratio of 39.43, a P/E/G ratio of 3.70 and a beta of 1.14.

Mettler-Toledo International (NYSE:MTD) last posted its quarterly earnings results on Thursday, August 1st. The medical instruments supplier reported $9.65 EPS for the quarter, topping analysts’ consensus estimates of $9.00 by $0.65. The company had revenue of $946.75 million during the quarter, compared to analysts’ expectations of $929.13 million. Mettler-Toledo International had a negative return on equity of 575.61% and a net margin of 20.95%. Mettler-Toledo International’s revenue was down 3.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $10.19 EPS. On average, analysts expect that Mettler-Toledo International Inc. will post 40.35 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Jefferies Financial Group restated an “underperform” rating and issued a $1,250.00 price target (up from $1,230.00) on shares of Mettler-Toledo International in a research note on Monday, June 3rd. StockNews.com upgraded shares of Mettler-Toledo International from a “hold” rating to a “buy” rating in a research note on Thursday, July 11th. The Goldman Sachs Group lifted their price objective on shares of Mettler-Toledo International from $1,150.00 to $1,300.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 9th. Wells Fargo & Company assumed coverage on shares of Mettler-Toledo International in a research report on Tuesday, August 27th. They set an “equal weight” rating and a $1,400.00 target price on the stock. Finally, Evercore ISI increased their price target on Mettler-Toledo International from $1,375.00 to $1,390.00 and gave the stock an “in-line” rating in a research report on Tuesday, July 2nd. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $1,356.25.

Insider Transactions at Mettler-Toledo International

In related news, insider Christian Magloth sold 1,000 shares of Mettler-Toledo International stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $1,422.97, for a total transaction of $1,422,970.00. Following the sale, the insider now directly owns 734 shares of the company’s stock, valued at approximately $1,044,459.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Mettler-Toledo International news, insider Christian Magloth sold 1,000 shares of Mettler-Toledo International stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $1,422.97, for a total transaction of $1,422,970.00. Following the transaction, the insider now directly owns 734 shares of the company’s stock, valued at approximately $1,044,459.98. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Shawn Vadala sold 250 shares of the business’s stock in a transaction on Wednesday, August 7th. The shares were sold at an average price of $1,401.00, for a total transaction of $350,250.00. Following the completion of the transaction, the chief financial officer now owns 4,914 shares in the company, valued at approximately $6,884,514. The disclosure for this sale can be found here. Company insiders own 1.94% of the company’s stock.

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.Its industrial instruments comprise industrial weighing instruments and related terminals, automatic dimensional measurement and data capture solutions, vehicle scale systems, industrial software, metal detection equipment, x-ray systems, check weighing equipment, camera-based imaging equipment, track-and-trace solutions, and product inspection systems.