Beacon Pointe Advisors LLC Takes Position in Mettler-Toledo International, Inc. $MTD

Key Points

• Beacon Pointe Advisors initiated a position in Mettler-Toledo International, purchasing 958 shares valued at approximately $1.22 million. Institutional investors collectively own 95.07% of the company.
• Mettler-Toledo reported quarterly EPS of $11.46, exceeding analyst expectations of $10.78, while revenue rose 4.5% year over year to $1.03 billion.
• Analyst sentiment remains mixed, with six Buy ratings and seven Holds; the consensus rating is Hold with a $1,461.27 price target. Company insiders sold more than $4.75 million of stock over the past three months.

Beacon Pointe Advisors LLC bought a new position in Mettler-Toledo International, Inc. (NYSE:MTD - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 958 shares of the medical instruments supplier's stock, valued at approximately $1,224,000.

A number of other institutional investors have also bought and sold shares of the business. Geneos Wealth Management Inc. boosted its stake in shares of Mettler-Toledo International by 83.3% in the first quarter. Geneos Wealth Management Inc. now owns 66 shares of the medical instruments supplier's stock worth $78,000 after acquiring an additional 30 shares during the period. Baird Financial Group Inc. raised its stake in Mettler-Toledo International by 3.1% during the 2nd quarter. Baird Financial Group Inc. now owns 1,347 shares of the medical instruments supplier's stock valued at $1,582,000 after purchasing an additional 40 shares during the period. Jump Financial LLC lifted its holdings in Mettler-Toledo International by 44.6% in the 2nd quarter. Jump Financial LLC now owns 405 shares of the medical instruments supplier's stock worth $476,000 after purchasing an additional 125 shares in the last quarter. Cerity Partners LLC lifted its holdings in Mettler-Toledo International by 10.8% in the 2nd quarter. Cerity Partners LLC now owns 4,035 shares of the medical instruments supplier's stock worth $4,740,000 after purchasing an additional 392 shares in the last quarter. Finally, AXA S.A. boosted its stake in Mettler-Toledo International by 2.9% in the 2nd quarter. AXA S.A. now owns 4,625 shares of the medical instruments supplier's stock worth $5,433,000 after purchasing an additional 131 shares during the period. Hedge funds and other institutional investors own 95.07% of the company's stock.

Mettler-Toledo International Price Performance

Mettler-Toledo International stock opened at $1,397.03 on Monday. Mettler-Toledo International, Inc. has a 12-month low of $1,023.05 and a 12-month high of $1,525.17. The company has a current ratio of 1.12, a quick ratio of 0.78 and a debt-to-equity ratio of 159.45. The firm has a 50-day moving average price of $1,345.25 and a 200-day moving average price of $1,274.28. The firm has a market capitalization of $28.00 billion, a PE ratio of 31.44, a price-to-earnings-growth ratio of 2.88 and a beta of 1.23.

Mettler-Toledo International (NYSE:MTD - Get Free Report) last posted its quarterly earnings data on Friday, July 31st. The medical instruments supplier reported $11.46 earnings per share for the quarter, topping analysts' consensus estimates of $10.78 by $0.68. Mettler-Toledo International had a net margin of 21.91% and a negative return on equity of 1,212.14%. The company had revenue of $1.03 billion for the quarter, compared to analyst estimates of $1.03 billion. During the same period in the prior year, the company posted $10.09 EPS. The firm's revenue for the quarter was up 4.5% on a year-over-year basis. As a group, equities research analysts forecast that Mettler-Toledo International, Inc. will post 47.35 EPS for the current year.

Analysts Set New Price Targets

Several research firms have recently commented on MTD. Weiss Ratings raised shares of Mettler-Toledo International from a "hold (c-)" rating to a "hold (c)" rating in a report on Tuesday, August 4th. Wall Street Zen downgraded shares of Mettler-Toledo International from a "buy" rating to a "hold" rating in a report on Saturday, May 16th. Barclays increased their price objective on shares of Mettler-Toledo International from $1,300.00 to $1,575.00 and gave the company an "overweight" rating in a report on Monday, August 3rd. Jefferies Financial Group raised their price objective on Mettler-Toledo International from $1,400.00 to $1,580.00 and gave the company a "buy" rating in a research report on Friday, July 31st. Finally, JPMorgan Chase & Co. decreased their target price on Mettler-Toledo International from $1,413.00 to $1,200.00 and set a "neutral" rating on the stock in a research report on Monday, May 11th. Six research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company's stock. According to MarketBeat.com, Mettler-Toledo International currently has a consensus rating of "Hold" and a consensus price target of $1,461.27.

Insider Activity at Mettler-Toledo International

In other Mettler-Toledo International news, insider Gerry Keller sold 240 shares of the stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $1,427.14, for a total transaction of $342,513.60. Following the completion of the sale, the insider directly owned 259 shares of the company's stock, valued at approximately $369,629.26. This represents a 48.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Shawn Vadala sold 2,240 shares of the firm's stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $1,432.00, for a total transaction of $3,207,680.00. Following the completion of the sale, the chief financial officer owned 5,579 shares of the company's stock, valued at approximately $7,989,128. This trade represents a 28.65% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 3,312 shares of company stock worth $4,750,362 over the last three months. 0.71% of the stock is owned by corporate insiders.

About Mettler-Toledo International

Mettler-Toledo International Inc is a global manufacturer and distributor of precision instruments and services for laboratory, industrial and food retail applications. The company's product portfolio includes laboratory balances and analytical instruments, industrial weighing systems, process analytics and sensors, metal detection and x-ray inspection equipment, checkweighers, and a range of automated inspection and data-management solutions. Mettler-Toledo also provides software, calibration and lifecycle services intended to support compliance, quality control and operational efficiency across customer facilities.

The company serves a broad set of end markets including pharmaceutical and biotech laboratories, chemical and food processors, logistics and manufacturing operations, and retail environments where accurate weighing and inspection are critical.

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