Pathstone Family Office LLC Boosts Holdings in Mettler-Toledo International Inc. (NYSE:MTD)

Pathstone Family Office LLC raised its stake in shares of Mettler-Toledo International Inc. (NYSE:MTD – Get Rating) by 26.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 866 shares of the medical instruments supplier’s stock after purchasing an additional 179 shares during the period. Pathstone Family Office LLC’s holdings in Mettler-Toledo International were worth $939,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Guardian Wealth Advisors LLC purchased a new position in Mettler-Toledo International during the third quarter valued at $35,000. EverSource Wealth Advisors LLC lifted its stake in shares of Mettler-Toledo International by 250.0% in the third quarter. EverSource Wealth Advisors LLC now owns 35 shares of the medical instruments supplier’s stock worth $38,000 after buying an additional 25 shares in the last quarter. SeaCrest Wealth Management LLC purchased a new position in shares of Mettler-Toledo International in the second quarter worth about $48,000. Standard Family Office LLC purchased a new position in shares of Mettler-Toledo International in the third quarter worth about $69,000. Finally, Pinnacle Financial Partners Inc. purchased a new position in shares of Mettler-Toledo International in the third quarter worth about $81,000. 91.94% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, insider Gerry Keller sold 474 shares of the firm’s stock in a transaction that occurred on Monday, February 13th. The shares were sold at an average price of $1,540.69, for a total value of $730,287.06. Following the completion of the transaction, the insider now owns 449 shares of the company’s stock, valued at $691,769.81. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, Director Robert F. Spoerry sold 1,000 shares of Mettler-Toledo International stock in a transaction that occurred on Tuesday, February 14th. The shares were sold at an average price of $1,565.00, for a total value of $1,565,000.00. Following the completion of the transaction, the director now owns 6,548 shares in the company, valued at $10,247,620. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Gerry Keller sold 474 shares of Mettler-Toledo International stock in a transaction that occurred on Monday, February 13th. The stock was sold at an average price of $1,540.69, for a total transaction of $730,287.06. Following the completion of the transaction, the insider now owns 449 shares of the company’s stock, valued at approximately $691,769.81. The disclosure for this sale can be found here. Over the last quarter, insiders sold 18,022 shares of company stock valued at $26,391,416. 2.80% of the stock is currently owned by company insiders.

Mettler-Toledo International Price Performance

Shares of MTD opened at $1,433.25 on Monday. Mettler-Toledo International Inc. has a 1-year low of $1,065.55 and a 1-year high of $1,609.25. The stock has a market cap of $31.69 billion, a PE ratio of 37.27, a P/E/G ratio of 2.35 and a beta of 1.18. The firm has a 50-day simple moving average of $1,510.90 and a two-hundred day simple moving average of $1,374.95. The company has a debt-to-equity ratio of 76.98, a current ratio of 1.20 and a quick ratio of 0.81.

Mettler-Toledo International (NYSE:MTD – Get Rating) last announced its quarterly earnings results on Friday, February 10th. The medical instruments supplier reported $12.10 earnings per share for the quarter, beating analysts’ consensus estimates of $11.63 by $0.47. Mettler-Toledo International had a net margin of 22.26% and a return on equity of 10,609.85%. The business had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.03 billion. During the same period last year, the business earned $10.53 earnings per share. The business’s revenue for the quarter was up 2.0% on a year-over-year basis. As a group, analysts forecast that Mettler-Toledo International Inc. will post 44 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on MTD. Robert W. Baird raised their price target on shares of Mettler-Toledo International from $1,284.00 to $1,513.00 and gave the stock a “neutral” rating in a research note on Monday, February 13th. StockNews.com cut shares of Mettler-Toledo International from a “strong-buy” rating to a “buy” rating in a research report on Thursday, January 26th. TheStreet upgraded shares of Mettler-Toledo International from a “c+” rating to a “b-” rating in a research report on Thursday, February 2nd. Citigroup raised their price objective on shares of Mettler-Toledo International from $1,350.00 to $1,525.00 and gave the stock a “neutral” rating in a research report on Monday, February 13th. Finally, Wells Fargo & Company raised their price objective on shares of Mettler-Toledo International from $1,650.00 to $1,675.00 and gave the stock an “overweight” rating in a research report on Monday, February 13th. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $1,450.71.

Mettler-Toledo International Company Profile

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Mettler-Toledo International, Inc engages in the provision of precision instruments and services. The firm manufactures weighing instruments for use in laboratory, industrial, packaging, logistics, and food retailing applications. It also manufactures several related analytical instruments and provides automated chemistry solutions used in drug and chemical compound discovery and development, metal detection and other end-of-line inspection systems used in production and packaging and provides solutions for use in certain process analytics applications.