Crewe Advisors LLC Acquires 22 Shares of Mettler-Toledo International Inc. (NYSE:MTD)

Crewe Advisors LLC raised its holdings in Mettler-Toledo International Inc. (NYSE:MTD) by 244.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 31 shares of the medical instruments supplier’s stock after acquiring an additional 22 shares during the period. Crewe Advisors LLC’s holdings in Mettler-Toledo International were worth $43,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of MTD. Family Firm Inc. bought a new stake in shares of Mettler-Toledo International during the 2nd quarter valued at approximately $25,000. Rise Advisors LLC acquired a new position in shares of Mettler-Toledo International during the first quarter worth $25,000. Spartan Planning & Wealth Management acquired a new position in shares of Mettler-Toledo International during the fourth quarter worth $27,000. Bellevue Group AG bought a new position in shares of Mettler-Toledo International in the 4th quarter valued at $30,000. Finally, Mather Group LLC. acquired a new stake in shares of Mettler-Toledo International during the 1st quarter valued at $32,000. Institutional investors and hedge funds own 95.07% of the company’s stock.

Insider Activity

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

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Jefferies Financial Group reaffirmed an “underperform” rating and issued a $1,250.00 target price (up previously from $1,230.00) on shares of Mettler-Toledo International in a report on Monday, June 3rd. JPMorgan Chase & Co. raised their price objective on shares of Mettler-Toledo International from $1,300.00 to $1,400.00 and gave the company a “neutral” rating in a report on Monday, August 5th. 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 report on Monday, August 5th. Robert W. Baird boosted their target price on shares of Mettler-Toledo International from $1,212.00 to $1,360.00 and gave the stock a “neutral” rating in a report on Monday, May 13th. Finally, The Goldman Sachs Group raised their price target on shares of Mettler-Toledo International from $1,150.00 to $1,300.00 and gave the company 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 issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $1,356.25.

Mettler-Toledo International Price Performance

NYSE MTD traded up $7.85 during mid-day trading on Friday, reaching $1,439.08. 113,912 shares of the stock were exchanged, compared to its average volume of 139,169. The stock has a market cap of $30.73 billion, a P/E ratio of 40.36, a P/E/G ratio of 4.06 and a beta of 1.17. Mettler-Toledo International Inc. has a one year low of $928.49 and a one year high of $1,546.93. The stock has a 50 day simple moving average of $1,401.66 and a 200-day simple moving average of $1,354.01.

Mettler-Toledo International (NYSE:MTD) last announced its earnings results on Thursday, August 1st. The medical instruments supplier reported $9.65 EPS for the quarter, beating the consensus estimate of $9.00 by $0.65. The company had revenue of $946.75 million for the quarter, compared to analyst estimates of $929.13 million. Mettler-Toledo International had a negative return on equity of 590.80% and a net margin of 20.95%. The firm’s revenue for the quarter was down 3.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $10.19 EPS. Sell-side analysts anticipate that Mettler-Toledo International Inc. will post 40.13 EPS 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.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.