Beacon Investment Advisory Services Inc. Sells 725 Shares of Mettler-Toledo International Inc. (NYSE:MTD)

Beacon Investment Advisory Services Inc. lowered its stake in Mettler-Toledo International Inc. (NYSE:MTD) by 2.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 27,283 shares of the medical instruments supplier’s stock after selling 725 shares during the period. Mettler-Toledo International accounts for approximately 1.7% of Beacon Investment Advisory Services Inc.’s holdings, making the stock its 16th biggest holding. Beacon Investment Advisory Services Inc. owned 0.13% of Mettler-Toledo International worth $40,916,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. PineStone Asset Management Inc. boosted its position in shares of Mettler-Toledo International by 127.4% during the second quarter. PineStone Asset Management Inc. now owns 259,629 shares of the medical instruments supplier’s stock valued at $362,855,000 after purchasing an additional 145,453 shares in the last quarter. International Assets Investment Management LLC lifted its position in Mettler-Toledo International by 149,870.0% during the third quarter. International Assets Investment Management LLC now owns 89,982 shares of the medical instruments supplier’s stock valued at $134,946,000 after buying an additional 89,922 shares during the period. Massachusetts Financial Services Co. MA boosted its holdings in shares of Mettler-Toledo International by 32.5% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 142,944 shares of the medical instruments supplier’s stock valued at $199,777,000 after buying an additional 35,048 shares in the last quarter. Thrivent Financial for Lutherans grew its position in shares of Mettler-Toledo International by 1,940.6% in the 3rd quarter. Thrivent Financial for Lutherans now owns 18,406 shares of the medical instruments supplier’s stock worth $27,604,000 after buying an additional 17,504 shares during the period. Finally, Applied Finance Capital Management LLC increased its stake in shares of Mettler-Toledo International by 2,952.5% in the 3rd quarter. Applied Finance Capital Management LLC now owns 15,629 shares of the medical instruments supplier’s stock worth $23,439,000 after acquiring an additional 15,117 shares in the last quarter. 95.07% of the stock is owned by hedge funds and other institutional investors.

Mettler-Toledo International Stock Performance

MTD stock opened at $1,251.20 on Monday. The business’s 50-day moving average is $1,345.17 and its two-hundred day moving average is $1,392.37. The company has a market cap of $26.40 billion, a price-to-earnings ratio of 33.73, a P/E/G ratio of 4.13 and a beta of 1.16. Mettler-Toledo International Inc. has a fifty-two week low of $1,068.33 and a fifty-two week high of $1,546.93.

Mettler-Toledo International (NYSE:MTD) last posted its quarterly earnings data on Thursday, November 7th. The medical instruments supplier reported $10.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $10.00 by $0.21. Mettler-Toledo International had a net margin of 21.15% and a negative return on equity of 531.78%. The company had revenue of $954.54 million for the quarter, compared to the consensus estimate of $941.93 million. Equities analysts predict that Mettler-Toledo International Inc. will post 40.42 earnings per share for the current year.

Analyst Ratings Changes

MTD has been the subject of a number of recent research reports. JPMorgan Chase & Co. lifted their price objective on Mettler-Toledo International from $1,300.00 to $1,400.00 and gave the company a “neutral” rating in a research note on Monday, August 5th. Evercore ISI lifted their price target on Mettler-Toledo International from $1,375.00 to $1,450.00 and gave the stock an “in-line” rating in a research report on Tuesday, October 1st. Robert W. Baird cut their price objective on shares of Mettler-Toledo International from $1,375.00 to $1,310.00 and set a “neutral” rating on the stock in a research report on Monday, November 11th. Wells Fargo & Company reduced their price objective on shares of Mettler-Toledo International from $1,400.00 to $1,350.00 and set an “equal weight” rating for the company in a research note on Monday, November 11th. Finally, Stifel Nicolaus dropped their target price on shares of Mettler-Toledo International from $1,550.00 to $1,450.00 and set a “buy” rating on the stock in a research note on Monday, November 11th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $1,338.75.

Insider Transactions at Mettler-Toledo International

In other Mettler-Toledo International news, Director Elisha W. Finney sold 76 shares of the business’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $1,311.75, for a total transaction of $99,693.00. Following the completion of the sale, the director now owns 240 shares of the company’s stock, valued at approximately $314,820. The trade was a 24.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.94% of the stock is currently owned by company insiders.

About Mettler-Toledo International

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.