Beacon Investment Advisory Services Inc. Sells 899 Shares of Mettler-Toledo International, Inc. $MTD

Beacon Investment Advisory Services Inc. decreased its holdings in Mettler-Toledo International, Inc. (NYSE:MTD) by 16.7% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 4,479 shares of the medical instruments supplier’s stock after selling 899 shares during the period. Beacon Investment Advisory Services Inc.’s holdings in Mettler-Toledo International were worth $5,722,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Evergreen Capital Management LLC grew its position in Mettler-Toledo International by 4.5% during the fourth quarter. Evergreen Capital Management LLC now owns 184 shares of the medical instruments supplier’s stock worth $257,000 after buying an additional 8 shares during the period. Meridian Wealth Management LLC lifted its position in shares of Mettler-Toledo International by 1.7% during the 4th quarter. Meridian Wealth Management LLC now owns 488 shares of the medical instruments supplier’s stock valued at $680,000 after acquiring an additional 8 shares during the period. EverSource Wealth Advisors LLC boosted its stake in shares of Mettler-Toledo International by 2.7% during the 4th quarter. EverSource Wealth Advisors LLC now owns 302 shares of the medical instruments supplier’s stock worth $421,000 after acquiring an additional 8 shares in the last quarter. Values First Advisors Inc. boosted its stake in shares of Mettler-Toledo International by 1.3% during the 1st quarter. Values First Advisors Inc. now owns 625 shares of the medical instruments supplier’s stock worth $789,000 after acquiring an additional 8 shares in the last quarter. Finally, Torray Investment Partners LLC grew its holdings in shares of Mettler-Toledo International by 0.5% in the 1st quarter. Torray Investment Partners LLC now owns 1,677 shares of the medical instruments supplier’s stock worth $2,115,000 after acquiring an additional 8 shares during the period. Institutional investors own 95.07% of the company’s stock.

Analysts Set New Price Targets

MTD has been the subject of several research analyst reports. Citigroup dropped their price objective on Mettler-Toledo International from $1,700.00 to $1,550.00 and set a “buy” rating for the company in a research note on Friday, May 8th. Morgan Stanley upped their target price on Mettler-Toledo International from $1,275.00 to $1,450.00 and gave the company an “equal weight” rating in a report on Tuesday. Jefferies Financial Group raised their price target 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. Weiss Ratings raised Mettler-Toledo International from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday. Finally, Barclays boosted their price objective on shares of Mettler-Toledo International from $1,300.00 to $1,575.00 and gave the stock an “overweight” rating in a research report on Monday, August 3rd. Six research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $1,461.27.

Mettler-Toledo International Trading Up 0.6%

Shares of Mettler-Toledo International stock opened at $1,429.14 on Friday. Mettler-Toledo International, Inc. has a 1 year low of $1,023.05 and a 1 year high of $1,525.17. The company has a debt-to-equity ratio of 159.45, a current ratio of 1.12 and a quick ratio of 0.78. The business has a 50 day moving average price of $1,267.38 and a 200 day moving average price of $1,274.21. The company has a market capitalization of $28.64 billion, a P/E ratio of 32.17, a P/E/G ratio of 2.92 and a beta of 1.23.

Mettler-Toledo International (NYSE:MTD) last released its quarterly earnings results on Friday, July 31st. The medical instruments supplier reported $11.46 earnings per share for the quarter, topping the consensus estimate of $10.78 by $0.68. Mettler-Toledo International had a negative return on equity of 1,212.14% and a net margin of 21.91%.The company had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $1.03 billion. During the same quarter last year, the business posted $10.09 earnings per share. Mettler-Toledo International’s revenue was up 4.5% compared to the same quarter last year. Sell-side analysts anticipate that Mettler-Toledo International, Inc. will post 47.35 EPS for the current fiscal year.

Insider Activity at Mettler-Toledo International

In other Mettler-Toledo International news, Director Thomas P. Salice sold 417 shares of the firm’s stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $1,440.41, for a total transaction of $600,650.97. Following the sale, the director directly owned 292 shares of the company’s stock, valued at $420,599.72. This trade represents a 58.82% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Shawn Vadala sold 2,240 shares of Mettler-Toledo International stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $1,432.00, for a total transaction of $3,207,680.00. Following 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 3,312 shares of company stock valued at $4,750,362 over the last quarter. Insiders own 0.71% of the company’s stock.

Mettler-Toledo International Company Profile

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.