Revolve Wealth Partners LLC Makes New Investment in Mettler-Toledo International Inc. (NYSE:MTD)

Revolve Wealth Partners LLC bought a new position in shares of Mettler-Toledo International Inc. (NYSE:MTD) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 281 shares of the medical instruments supplier’s stock, valued at approximately $421,000.

Other large investors have also bought and sold shares of the company. Rise Advisors LLC bought a new position in Mettler-Toledo International in the first quarter valued at about $25,000. Family Firm Inc. acquired a new stake in Mettler-Toledo International in the second quarter valued at approximately $25,000. Mather Group LLC. purchased a new position in shares of Mettler-Toledo International during the first quarter valued at approximately $32,000. Blue Trust Inc. boosted its position in Mettler-Toledo International by 242.9% in the third quarter. Blue Trust Inc. now owns 24 shares of the medical instruments supplier’s stock worth $34,000 after purchasing an additional 17 shares during the last quarter. Finally, Rothschild Investment LLC purchased a new position in Mettler-Toledo International in the second quarter worth $42,000. 95.07% of the stock is owned by institutional investors and hedge funds.

Mettler-Toledo International Stock Up 0.7 %

Shares of Mettler-Toledo International stock opened at $1,373.98 on Friday. The stock’s 50-day simple moving average is $1,424.61 and its 200-day simple moving average is $1,393.72. Mettler-Toledo International Inc. has a 52 week low of $928.49 and a 52 week high of $1,546.93. The company has a market capitalization of $29.34 billion, a price-to-earnings ratio of 38.53, a PEG ratio of 4.24 and a beta of 1.14.

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

Analyst Ratings Changes

MTD has been the topic of several research reports. 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 target price on the stock. JPMorgan Chase & Co. increased their target price on 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. StockNews.com raised Mettler-Toledo International from a “hold” rating to a “buy” rating in a research report on Thursday, July 11th. Stifel Nicolaus raised their price objective on Mettler-Toledo International from $1,510.00 to $1,550.00 and gave the company a “buy” rating in a research report on Monday, August 5th. Finally, The Goldman Sachs Group lifted their target price on Mettler-Toledo International from $1,150.00 to $1,300.00 and gave the stock a “neutral” rating in a report on Tuesday, July 9th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Mettler-Toledo International has an average rating of “Hold” and a consensus target price of $1,363.75.

Insider Transactions at Mettler-Toledo International

In related news, insider Christian Magloth sold 1,000 shares of the 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 sale, the insider now owns 734 shares of the company’s stock, valued at $1,044,459.98. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related 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 transaction of $1,422,970.00. Following the sale, the insider now owns 734 shares in the company, valued at approximately $1,044,459.98. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Shawn Vadala sold 250 shares of the 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 transaction, the chief financial officer now directly owns 4,914 shares in the company, valued at approximately $6,884,514. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate 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.