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

Frank Rimerman Advisors LLC boosted its stake in shares of Mettler-Toledo International Inc. (NYSE:MTD) by 12,700.0% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 384 shares of the medical instruments supplier’s stock after acquiring an additional 381 shares during the quarter. Frank Rimerman Advisors LLC’s holdings in Mettler-Toledo International were worth $537,000 as of its most recent SEC filing.

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

Insider Activity

In related news, insider Christian Magloth sold 1,000 shares of the 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 completion of the transaction, the insider now directly owns 734 shares in the company, valued at $1,044,459.98. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other news, 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 value of $350,250.00. Following the sale, the chief financial officer now owns 4,914 shares of the company’s stock, valued at $6,884,514. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Christian Magloth sold 1,000 shares of the firm’s stock in a transaction 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 completion of the transaction, the insider now directly owns 734 shares of the company’s stock, valued at approximately $1,044,459.98. The disclosure for this sale can be found here. Corporate insiders own 1.94% of the company’s stock.

Mettler-Toledo International Price Performance

NYSE MTD opened at $1,405.90 on Tuesday. The stock’s 50-day moving average is $1,409.58 and its 200-day moving average is $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 firm 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 released its quarterly earnings results on Thursday, August 1st. The medical instruments supplier reported $9.65 earnings per share for the quarter, beating the consensus estimate of $9.00 by $0.65. Mettler-Toledo International had a net margin of 20.95% and a negative return on equity of 575.61%. The company had revenue of $946.75 million during the quarter, compared to analysts’ expectations of $929.13 million. During the same quarter in the prior year, the company earned $10.19 earnings per share. The business’s quarterly revenue was down 3.6% compared to the same quarter last year. Equities analysts anticipate that Mettler-Toledo International Inc. will post 40.35 EPS for the current year.

Analyst Upgrades and Downgrades

MTD has been the subject of several analyst reports. Stifel Nicolaus lifted their price target on shares of Mettler-Toledo International from $1,510.00 to $1,550.00 and gave the stock a “buy” rating in a research report on Monday, August 5th. Wells Fargo & Company began coverage on Mettler-Toledo International in a research note on Tuesday, August 27th. They issued an “equal weight” rating and a $1,400.00 price target on the stock. StockNews.com raised Mettler-Toledo International from a “hold” rating to a “buy” rating in a research note on Thursday, July 11th. Evercore ISI increased their target price on Mettler-Toledo International from $1,375.00 to $1,390.00 and gave the company an “in-line” rating in a research note on Tuesday, July 2nd. Finally, Jefferies Financial Group restated an “underperform” rating and set a $1,250.00 target price (up from $1,230.00) on shares of Mettler-Toledo International in a research report on Monday, June 3rd. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $1,356.25.

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.