Beacon Investment Advisory Services Inc. Trims Position in Mettler-Toledo International, Inc. $MTD

Beacon Investment Advisory Services Inc. cut its stake in shares of Mettler-Toledo International, Inc. (NYSE:MTD) by 21.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm 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 reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of MTD. EverSource Wealth Advisors LLC grew its stake in Mettler-Toledo International by 2.4% during the third quarter. EverSource Wealth Advisors LLC now owns 294 shares of the medical instruments supplier’s stock valued at $361,000 after acquiring an additional 7 shares in the last quarter. Allworth Financial LP lifted its stake in Mettler-Toledo International by 6.1% in the 3rd quarter. Allworth Financial LP now owns 121 shares of the medical instruments supplier’s stock worth $149,000 after purchasing an additional 7 shares in the last quarter. GAMMA Investing LLC lifted its stake in Mettler-Toledo International by 1.6% in the 3rd quarter. GAMMA Investing LLC now owns 510 shares of the medical instruments supplier’s stock worth $626,000 after purchasing an additional 8 shares in the last quarter. Versant Capital Management Inc boosted its holdings in Mettler-Toledo International by 42.1% in 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 period. Finally, Valeo Financial Advisors LLC boosted its holdings in Mettler-Toledo International by 4.0% in the 3rd quarter. Valeo Financial Advisors LLC now owns 207 shares of the medical instruments supplier’s stock valued at $254,000 after purchasing an additional 8 shares during the period. 95.07% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on MTD. Barclays decreased their price target on shares of Mettler-Toledo International from $1,600.00 to $1,550.00 and set an “overweight” rating on the stock in a report on Monday, December 15th. The Goldman Sachs Group started coverage on Mettler-Toledo International in a research note on Tuesday, December 9th. They set a “neutral” rating and a $1,475.00 price objective for the company. Weiss Ratings restated a “hold (c+)” rating on shares of Mettler-Toledo International in a research note on Monday, December 29th. Bank of America raised Mettler-Toledo International from a “neutral” rating to a “buy” rating and set a $1,600.00 price target on the stock in a report on Monday, December 15th. Finally, Jefferies Financial Group upgraded Mettler-Toledo International from a “hold” rating to a “buy” rating and lifted their price target for the company from $1,400.00 to $1,450.00 in a research report on Friday, March 20th. Seven equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,463.75.

Mettler-Toledo International Stock Performance

Mettler-Toledo International stock opened at $1,234.22 on Monday. Mettler-Toledo International, Inc. has a fifty-two week low of $946.69 and a fifty-two week high of $1,525.17. The stock has a market cap of $24.99 billion, a P/E ratio of 29.30, a price-to-earnings-growth ratio of 2.58 and a beta of 1.43. The firm’s fifty day moving average price is $1,328.56 and its 200-day moving average price is $1,364.80.

Mettler-Toledo International (NYSE:MTD) last announced its earnings results on Friday, February 6th. The medical instruments supplier reported $13.36 earnings per share (EPS) for the quarter, topping the consensus estimate 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%. The firm’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same period in the previous year, the business earned $12.41 earnings per share. On average, analysts predict that Mettler-Toledo International, Inc. will post 42.71 earnings per share for the current year.

Insider Activity

In other news, CFO Shawn Vadala sold 800 shares of the stock in a transaction dated Tuesday, February 10th. The stock was sold at an average price of $1,410.12, for a total transaction of $1,128,096.00. Following the transaction, the chief financial officer directly owned 5,288 shares in the company, valued at approximately $7,456,714.56. This represents a 13.14% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.71% of the company’s stock.

About Mettler-Toledo International

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.