Beacon Investment Advisory Services Inc. Decreases Holdings in Mettler-Toledo International, Inc. $MTD

Beacon Investment Advisory Services Inc. trimmed its holdings in Mettler-Toledo International, Inc. (NYSE:MTD) by 21.2% in the fourth quarter, HoldingsChannel reports. The fund owned 5,690 shares of the medical instruments supplier’s stock after selling 1,531 shares during the period. Beacon Investment Advisory Services Inc.’s holdings in Mettler-Toledo International were worth $7,933,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Versant Capital Management Inc grew its holdings in shares of Mettler-Toledo International by 42.1% during the 3rd quarter. Versant Capital Management Inc now owns 27 shares of the medical instruments supplier’s stock valued at $33,000 after purchasing an additional 8 shares during the last quarter. SJS Investment Consulting Inc. lifted its stake in Mettler-Toledo International by 2,700.0% in the third quarter. SJS Investment Consulting Inc. now owns 28 shares of the medical instruments supplier’s stock worth $34,000 after purchasing an additional 27 shares during the last quarter. Root Financial Partners LLC bought a new stake in Mettler-Toledo International in the third quarter worth $42,000. Salomon & Ludwin LLC purchased a new stake in Mettler-Toledo International during the third quarter valued at about $43,000. Finally, Quantbot Technologies LP purchased a new stake in Mettler-Toledo International during the third quarter valued at about $49,000. Hedge funds and other institutional investors own 95.07% of the company’s stock.

Mettler-Toledo International Trading Up 0.2%

Shares of NYSE:MTD opened at $1,234.22 on Monday. The company has a market cap of $24.99 billion, a price-to-earnings ratio of 29.30, a price-to-earnings-growth ratio of 2.58 and a beta of 1.43. The company has a 50-day moving average price of $1,328.56 and a 200-day moving average price of $1,364.80. Mettler-Toledo International, Inc. has a 12 month low of $946.69 and a 12 month high of $1,525.17.

Mettler-Toledo International (NYSE:MTD) last posted its earnings results on Friday, February 6th. The medical instruments supplier reported $13.36 earnings per share for the quarter, topping analysts’ consensus estimates of $12.76 by $0.60. The company had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.10 billion. Mettler-Toledo International had a net margin of 21.59% and a negative return on equity of 495.07%. Mettler-Toledo International’s revenue for the quarter was up 8.1% on a year-over-year basis. During the same period in the prior year, the business posted $12.41 earnings per share. As a group, research analysts forecast that Mettler-Toledo International, Inc. will post 42.71 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

MTD has been the topic of several analyst reports. Bank of America upgraded Mettler-Toledo International from a “neutral” rating to a “buy” rating and set a $1,600.00 price objective on the stock in a report on Monday, December 15th. Wells Fargo & Company increased their target price on Mettler-Toledo International from $1,400.00 to $1,450.00 and gave the company an “equal weight” rating in a report on Monday, December 15th. Morgan Stanley reduced their price target on Mettler-Toledo International from $1,550.00 to $1,475.00 and set an “equal weight” rating on the stock in a research report on Tuesday, February 10th. The Goldman Sachs Group assumed coverage on Mettler-Toledo International in a research note on Tuesday, December 9th. They issued a “neutral” rating and a $1,475.00 price target on the stock. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Mettler-Toledo International in a research report on Monday, December 29th. Seven equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $1,463.75.

Insider Buying and Selling

In other Mettler-Toledo International news, CFO Shawn Vadala sold 800 shares of the stock in a transaction that occurred on Tuesday, February 10th. The stock was sold at an average price of $1,410.12, for a total value of $1,128,096.00. Following the completion of the sale, the chief financial officer owned 5,288 shares in the company, valued at approximately $7,456,714.56. This trade represents a 13.14% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.71% of the stock is owned by insiders.

Mettler-Toledo International 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.