Beacon Investment Advisory Services Inc. decreased its holdings in shares of Mettler-Toledo International, Inc. (NYSE:MTD – Free Report) by 16.7% during the 2nd quarter, according to its most recent 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.
A number of other institutional investors have also recently added to or reduced their stakes in MTD. Czech National Bank grew its position in shares of Mettler-Toledo International by 3.9% during the second quarter. Czech National Bank now owns 5,752 shares of the medical instruments supplier’s stock worth $7,348,000 after buying an additional 217 shares in the last quarter. PensionDanmark Pensionsforsikringsaktieselskab raised its holdings in Mettler-Toledo International by 27.4% in the second quarter. PensionDanmark Pensionsforsikringsaktieselskab now owns 7,342 shares of the medical instruments supplier’s stock valued at $9,379,000 after acquiring an additional 1,577 shares in the last quarter. Assenagon Asset Management S.A. boosted its stake in Mettler-Toledo International by 161.1% during 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. CX Institutional grew its holdings in Mettler-Toledo International by 18.8% during the 2nd quarter. CX Institutional now owns 196 shares of the medical instruments supplier’s stock worth $250,000 after acquiring an additional 31 shares in the last quarter. Finally, Parallel Advisors LLC grew its holdings in Mettler-Toledo International by 6.7% during the 1st quarter. Parallel Advisors LLC now owns 352 shares of the medical instruments supplier’s stock worth $445,000 after acquiring an additional 22 shares in the last quarter. 95.07% of the stock is owned by hedge funds and other institutional investors.
Mettler-Toledo International Price Performance
MTD opened at $1,429.14 on Friday. The firm has a market cap of $28.64 billion, a price-to-earnings ratio of 32.17, a price-to-earnings-growth ratio of 2.92 and a beta of 1.23. Mettler-Toledo International, Inc. has a fifty-two week low of $1,023.05 and a fifty-two week high of $1,525.17. The company’s 50-day moving average price is $1,267.38 and its 200 day moving average price is $1,274.21. The company has a quick ratio of 0.78, a current ratio of 1.12 and a debt-to-equity ratio of 159.45.
Insider Buying and Selling
In related news, Director Thomas P. Salice sold 417 shares of the business’s stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $1,440.41, for a total transaction of $600,650.97. Following the completion of the transaction, the director owned 292 shares in the company, valued at $420,599.72. The trade was a 58.82% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Shawn Vadala sold 2,240 shares of the company’s stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $1,432.00, for a total value of $3,207,680.00. Following the transaction, the chief financial officer owned 5,579 shares of the company’s stock, valued at approximately $7,989,128. The trade was a 28.65% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 3,312 shares of company stock valued at $4,750,362. Insiders own 0.71% of the company’s stock.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently weighed in on MTD shares. Barclays boosted their target price on shares of Mettler-Toledo International from $1,300.00 to $1,575.00 and gave the stock an “overweight” rating in a research report on Monday, August 3rd. Wolfe Research initiated coverage on Mettler-Toledo International in a research note on Tuesday, June 2nd. They issued a “peer perform” rating for the company. Robert W. Baird lowered their price objective on Mettler-Toledo International from $1,445.00 to $1,194.00 and set a “neutral” rating for the company in a report on Monday, May 11th. Stifel Nicolaus upped their price objective on Mettler-Toledo International from $1,400.00 to $1,600.00 and gave the company a “buy” rating in a research note on Monday, August 3rd. Finally, Jefferies Financial Group increased their target price on Mettler-Toledo International from $1,400.00 to $1,580.00 and gave the stock a “buy” rating in a report on Friday, July 31st. Six equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat.com, Mettler-Toledo International presently has a consensus rating of “Hold” and an average target price of $1,461.27.
View Our Latest Report on Mettler-Toledo International
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.
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