Beacon Investment Advisory Services Inc. Lowers Holdings in Mettler-Toledo International Inc. (NYSE:MTD)

Beacon Investment Advisory Services Inc. trimmed its holdings in Mettler-Toledo International Inc. (NYSE:MTD) by 2.6% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 27,283 shares of the medical instruments supplier’s stock after selling 725 shares during the quarter. Mettler-Toledo International makes up approximately 1.7% of Beacon Investment Advisory Services Inc.’s holdings, making the stock its 16th biggest position. Beacon Investment Advisory Services Inc.’s holdings in Mettler-Toledo International were worth $40,916,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. B. Riley Wealth Advisors Inc. purchased a new position in Mettler-Toledo International during the first quarter valued at $317,000. Cetera Advisors LLC grew its position in shares of Mettler-Toledo International by 8.0% during the first quarter. Cetera Advisors LLC now owns 459 shares of the medical instruments supplier’s stock valued at $611,000 after purchasing an additional 34 shares in the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of Mettler-Toledo International by 8.0% in the first quarter. EverSource Wealth Advisors LLC now owns 95 shares of the medical instruments supplier’s stock worth $117,000 after purchasing an additional 7 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of Mettler-Toledo International by 70.5% in the second quarter. GAMMA Investing LLC now owns 225 shares of the medical instruments supplier’s stock worth $314,000 after buying an additional 93 shares in the last quarter. Finally, Massmutual Trust Co. FSB ADV boosted its stake in Mettler-Toledo International by 7.2% during the second quarter. Massmutual Trust Co. FSB ADV now owns 119 shares of the medical instruments supplier’s stock valued at $166,000 after buying an additional 8 shares during the last quarter. 95.07% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Insider Activity at Mettler-Toledo International

In other news, Director Elisha W. Finney sold 76 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $1,311.75, for a total transaction of $99,693.00. Following the transaction, the director now directly owns 240 shares of the company’s stock, valued at approximately $314,820. This trade represents a 24.05 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.94% of the stock is currently owned by company insiders.

Mettler-Toledo International Price Performance

Shares of NYSE MTD opened at $1,251.20 on Monday. Mettler-Toledo International Inc. has a 1 year low of $1,068.33 and a 1 year high of $1,546.93. The firm has a 50-day simple moving average of $1,345.17 and a two-hundred day simple moving average of $1,392.37. The company has a market cap of $26.40 billion, a P/E ratio of 33.73, a PEG ratio of 4.13 and a beta of 1.16.

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

Mettler-Toledo International 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.