Mettler-Toledo International, Inc. $MTD Shares Sold by Beacon Investment Advisory Services Inc.

Beacon Investment Advisory Services Inc. reduced its holdings in Mettler-Toledo International, Inc. (NYSE:MTD - Free Report) by 16.7% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund 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.

Several other large investors have also recently added to or reduced their stakes in MTD. XXEC Inc. acquired a new position in shares of Mettler-Toledo International during the 2nd quarter valued at about $77,044,000. California State Teachers Retirement System grew its holdings in Mettler-Toledo International by 114,807.7% in the second quarter. California State Teachers Retirement System now owns 35,100,865 shares of the medical instruments supplier's stock valued at $44,841,706,000 after purchasing an additional 35,070,318 shares during the period. BlackRock Inc. acquired a new position in Mettler-Toledo International during the second quarter worth approximately $2,404,713,000. Bank of New York Mellon Corp purchased a new position in Mettler-Toledo International during the second quarter worth approximately $762,553,000. Finally, Wellington Management Group LLP raised its stake in Mettler-Toledo International by 908.6% during the second quarter. Wellington Management Group LLP now owns 459,064 shares of the medical instruments supplier's stock worth $586,459,000 after purchasing an additional 413,547 shares during the period. 95.07% of the stock is currently owned by hedge funds and other institutional investors.

Mettler-Toledo International Stock Down 1.5%

Shares of Mettler-Toledo International stock opened at $1,325.47 on Wednesday. Mettler-Toledo International, Inc. has a twelve month low of $1,023.05 and a twelve month high of $1,525.17. The stock has a market cap of $26.56 billion, a price-to-earnings ratio of 29.83, a price-to-earnings-growth ratio of 2.70 and a beta of 1.22. The company has a current ratio of 1.12, a quick ratio of 0.78 and a debt-to-equity ratio of 159.45. The company has a fifty day moving average price of $1,364.27 and a 200 day moving average price of $1,273.69.

Mettler-Toledo International (NYSE:MTD - Get Free Report) last issued its quarterly earnings data on Friday, July 31st. The medical instruments supplier reported $11.46 EPS for the quarter, topping analysts' consensus estimates of $10.78 by $0.68. Mettler-Toledo International had a negative return on equity of 1,212.14% and a net margin of 21.91%.The company had revenue of $1.03 billion for the quarter, compared to analysts' expectations of $1.03 billion. During the same quarter in the previous year, the firm posted $10.09 earnings per share. The firm's quarterly revenue was up 4.5% on a year-over-year basis. Equities research analysts forecast that Mettler-Toledo International, Inc. will post 47.35 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages have recently issued reports on MTD. Wall Street Zen cut shares of Mettler-Toledo International from a "buy" rating to a "hold" rating in a research note on Saturday, May 16th. Jefferies Financial Group lifted their target price on Mettler-Toledo International from $1,400.00 to $1,580.00 and gave the company a "buy" rating in a report on Friday, July 31st. Royal Bank Of Canada started coverage on Mettler-Toledo International in a research report on Tuesday, September 1st. They set a "sector perform" rating and a $1,515.00 price target for the company. Morgan Stanley upped their price target on Mettler-Toledo International from $1,275.00 to $1,450.00 and gave the stock an "equal weight" rating in a research note on Tuesday, August 4th. Finally, Stifel Nicolaus lifted 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. Six equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Mettler-Toledo International presently has an average rating of "Hold" and an average price target of $1,445.31.

Insider Buying and Selling

In other Mettler-Toledo International news, Director Thomas Salice sold 417 shares of the company'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 value of $600,650.97. Following the completion of the transaction, the director owned 292 shares in the company, valued at $420,599.72. This represents a 58.82% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Gerry Keller sold 240 shares of the stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $1,427.14, for a total transaction of $342,513.60. Following the completion of the sale, the insider directly owned 259 shares of the company's stock, valued at $369,629.26. This trade represents a 48.10% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 4,254 shares of company stock valued at $6,092,712. Insiders own 0.71% of the company's stock.

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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