Mettler-Toledo International, Inc. $MTD Shares Sold by Beacon Investment Advisory Services Inc.

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

Other hedge funds and other institutional investors have also made changes to their positions in the company. Aware Super Pty Ltd as trustee of Aware Super acquired a new stake in Mettler-Toledo International during the first quarter valued at approximately $26,372,000. Fifth Third Bancorp grew its position in shares of Mettler-Toledo International by 377.3% in the 1st quarter. Fifth Third Bancorp now owns 4,181 shares of the medical instruments supplier’s stock worth $5,272,000 after acquiring an additional 3,305 shares in the last quarter. SEB Asset Management AB acquired a new position in shares of Mettler-Toledo International in the 1st quarter worth approximately $15,889,000. Assenagon Asset Management S.A. increased its holdings in shares of Mettler-Toledo International by 161.1% in the 2nd quarter. Assenagon Asset Management S.A. now owns 33,608 shares of the medical instruments supplier’s stock valued at $42,935,000 after acquiring an additional 20,736 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of Mettler-Toledo International by 4.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 106,023 shares of the medical instruments supplier’s stock valued at $133,712,000 after acquiring an additional 4,340 shares in the last quarter. Institutional investors own 95.07% of the company’s stock.

Mettler-Toledo International Price Performance

Shares of NYSE MTD opened at $1,325.47 on Wednesday. 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’s fifty day moving average price is $1,364.27 and its two-hundred day moving average price is $1,273.69. The firm has a market capitalization of $26.56 billion, a PE ratio of 29.83, a P/E/G ratio of 2.70 and a beta of 1.22.

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

Insider Activity

In other news, CEO Patrick Kaltenbach sold 942 shares of Mettler-Toledo International stock in a transaction that occurred on Thursday, August 27th. The stock was sold at an average price of $1,425.00, for a total transaction of $1,342,350.00. Following the sale, the chief executive officer owned 4,480 shares of the company’s stock, valued at approximately $6,384,000. The trade was a 17.37% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Gerry Keller sold 240 shares of the business’s stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $1,427.14, for a total value of $342,513.60. Following the transaction, the insider 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 disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 4,254 shares of company stock valued at $6,092,712. Company insiders own 0.71% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on MTD shares. 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. Stifel Nicolaus raised their price target on shares of Mettler-Toledo International from $1,400.00 to $1,600.00 and gave the stock a “buy” rating in a research report on Monday, August 3rd. Rothschild & Co Redburn assumed coverage on shares of Mettler-Toledo International in a report on Wednesday, September 2nd. They issued a “sell” rating and a $1,200.00 price target for the company. Wall Street Zen lowered shares of Mettler-Toledo International from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. Finally, Wolfe Research started coverage on shares of Mettler-Toledo International in a report on Tuesday, June 2nd. They issued a “peer perform” rating on the stock. Six equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $1,445.31.

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.