GM Advisory Group LLC Takes $214,000 Position in Mettler-Toledo International Inc. (NYSE:MTD)

GM Advisory Group LLC purchased a new stake in Mettler-Toledo International Inc. (NYSE:MTD) during the second quarter, according to its most recent 13F filing with the SEC. The firm purchased 153 shares of the medical instruments supplier’s stock, valued at approximately $214,000.

A number of other institutional investors have also modified their holdings of MTD. Principal Securities Inc. bought a new stake in shares of Mettler-Toledo International in the 4th quarter valued at about $61,000. UBS Group AG boosted its holdings in shares of Mettler-Toledo International by 50.2% in the 4th quarter. UBS Group AG now owns 44,077 shares of the medical instruments supplier’s stock valued at $53,464,000 after buying an additional 14,735 shares in the last quarter. Clearbridge Investments LLC boosted its holdings in shares of Mettler-Toledo International by 1.2% in the 4th quarter. Clearbridge Investments LLC now owns 27,748 shares of the medical instruments supplier’s stock valued at $33,657,000 after buying an additional 316 shares in the last quarter. Assetmark Inc. boosted its holdings in shares of Mettler-Toledo International by 21.0% in the 4th quarter. Assetmark Inc. now owns 282 shares of the medical instruments supplier’s stock valued at $342,000 after buying an additional 49 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its holdings in shares of Mettler-Toledo International by 76.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 88 shares of the medical instruments supplier’s stock valued at $107,000 after buying an additional 38 shares in the last quarter. 95.07% of the stock is currently owned by institutional investors.

Mettler-Toledo International Trading Down 2.6 %

MTD opened at $1,406.11 on Friday. Mettler-Toledo International Inc. has a 12-month low of $928.49 and a 12-month high of $1,546.93. The firm has a market capitalization of $30.03 billion, a PE ratio of 39.43, a P/E/G ratio of 3.70 and a beta of 1.14. The firm has a 50 day moving average of $1,408.63 and a two-hundred day moving average of $1,375.15.

Mettler-Toledo International (NYSE:MTD) last posted its quarterly earnings results on Thursday, August 1st. The medical instruments supplier reported $9.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $929.13 million. During the same period last year, the firm posted $10.19 EPS. Mettler-Toledo International’s revenue for the quarter was down 3.6% compared to the same quarter last year. As a group, analysts predict that Mettler-Toledo International Inc. will post 40.35 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts recently commented on MTD shares. StockNews.com upgraded shares of Mettler-Toledo International from a “hold” rating to a “buy” rating in a research note on Thursday, July 11th. Stifel Nicolaus lifted their target price on shares of Mettler-Toledo International from $1,510.00 to $1,550.00 and gave the stock a “buy” rating in a research note on Monday, August 5th. Evercore ISI lifted their target price on shares of Mettler-Toledo International from $1,375.00 to $1,390.00 and gave the stock an “in-line” rating in a research note on Tuesday, July 2nd. Wells Fargo & Company started coverage on shares of Mettler-Toledo International in a research note on Tuesday, August 27th. They issued an “equal weight” rating and a $1,400.00 target price for the company. Finally, The Goldman Sachs Group lifted their target price 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. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $1,356.25.

Insider Activity

In other 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 completion of the transaction, the insider now directly owns 734 shares of the company’s stock, valued at approximately $1,044,459.98. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, CFO Shawn Vadala sold 250 shares of Mettler-Toledo International stock in a transaction that occurred 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 directly owns 4,914 shares of the company’s stock, valued at approximately $6,884,514. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, 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 transaction, the insider now directly owns 734 shares of the company’s stock, valued at $1,044,459.98. The disclosure for this sale can be found here. 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.