Beacon Investment Advisory Services Inc. Has $40.92 Million Stock Holdings in Mettler-Toledo International Inc. (NYSE:MTD)

Beacon Investment Advisory Services Inc. lowered its position in shares of Mettler-Toledo International Inc. (NYSE:MTD - Free Report) by 2.6% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 27,283 shares of the medical instruments supplier's stock after selling 725 shares during the quarter. Mettler-Toledo International accounts for approximately 1.7% of Beacon Investment Advisory Services Inc.'s investment portfolio, making the stock its 16th largest position. Beacon Investment Advisory Services Inc. owned approximately 0.13% of Mettler-Toledo International worth $40,916,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of MTD. Family Firm Inc. acquired a new position in shares of Mettler-Toledo International in the 2nd quarter worth approximately $25,000. Blue Trust Inc. grew its position in Mettler-Toledo International by 242.9% in the third quarter. Blue Trust Inc. now owns 24 shares of the medical instruments supplier's stock worth $34,000 after buying an additional 17 shares during the last quarter. Ashton Thomas Securities LLC bought a new position in shares of Mettler-Toledo International in the third quarter valued at $37,000. Rothschild Investment LLC acquired a new stake in shares of Mettler-Toledo International during the 2nd quarter valued at $42,000. Finally, Itau Unibanco Holding S.A. bought a new stake in shares of Mettler-Toledo International during the 2nd quarter worth $42,000. 95.07% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Mettler-Toledo International

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

Mettler-Toledo International Stock Up 0.8 %

Shares of NYSE:MTD traded up $9.64 on Monday, reaching $1,260.84. The company had a trading volume of 99,472 shares, compared to its average volume of 136,720. The stock has a market capitalization of $26.61 billion, a P/E ratio of 33.49, a P/E/G ratio of 4.13 and a beta of 1.16. The stock has a 50-day moving average price of $1,345.17 and a 200 day moving average price of $1,392.37. Mettler-Toledo International Inc. has a twelve month low of $1,068.33 and a twelve month high of $1,546.93.

Mettler-Toledo International (NYSE:MTD - Get Free Report) last posted its earnings results on Thursday, November 7th. The medical instruments supplier reported $10.21 earnings per share for the quarter, topping the consensus estimate of $10.00 by $0.21. Mettler-Toledo International had a negative return on equity of 531.78% and a net margin of 21.15%. The firm had revenue of $954.54 million during the quarter, compared to analyst estimates of $941.93 million. On average, sell-side analysts predict that Mettler-Toledo International Inc. will post 40.42 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Stifel Nicolaus reduced their target price on Mettler-Toledo International from $1,550.00 to $1,450.00 and set a "buy" rating for the company in a report on Monday, November 11th. Evercore ISI raised their price objective on Mettler-Toledo International from $1,375.00 to $1,450.00 and gave the stock an "in-line" rating in a research report on Tuesday, October 1st. Robert W. Baird dropped their price objective on shares of 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 lowered 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 report on Monday, November 11th. Finally, JPMorgan Chase & Co. increased their price objective on Mettler-Toledo International from $1,300.00 to $1,400.00 and gave the stock a "neutral" rating in a report on Monday, August 5th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average price target of $1,338.75.

Mettler-Toledo International Company 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.