Mettler-Toledo International Inc. (NYSE:MTD) Shares Acquired by Beddow Capital Management Inc.

Beddow Capital Management Inc. boosted its holdings in Mettler-Toledo International Inc. (NYSE:MTD) by 61.0% in the second quarter, HoldingsChannel.com reports. The firm owned 660 shares of the medical instruments supplier’s stock after buying an additional 250 shares during the quarter. Beddow Capital Management Inc.’s holdings in Mettler-Toledo International were worth $922,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. Rise Advisors LLC acquired a new position in shares of Mettler-Toledo International in the 1st quarter valued at $25,000. Family Firm Inc. acquired a new stake in shares of Mettler-Toledo International during the second quarter worth about $25,000. Spartan Planning & Wealth Management purchased a new stake in shares of Mettler-Toledo International in the 4th quarter valued at about $27,000. Bellevue Group AG purchased a new position in Mettler-Toledo International during the 4th quarter worth approximately $30,000. Finally, Mather Group LLC. acquired a new position in Mettler-Toledo International during the first quarter worth approximately $32,000. 95.07% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Mettler-Toledo International

In related news, insider Christian Magloth sold 1,000 shares of the stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $1,422.97, for a total value of $1,422,970.00. Following the sale, the insider now directly owns 734 shares of the company’s stock, valued at approximately $1,044,459.98. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, insider Christian Magloth sold 1,000 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $1,422.97, for a total value of $1,422,970.00. Following the sale, the insider now owns 734 shares of the company’s stock, valued at approximately $1,044,459.98. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Shawn Vadala sold 250 shares of the business’s stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $1,401.00, for a total value of $350,250.00. Following the completion of the transaction, the chief financial officer now directly owns 4,914 shares of the company’s stock, valued at $6,884,514. The disclosure for this sale can be found here. Corporate insiders own 1.94% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Evercore ISI increased their price objective on Mettler-Toledo International from $1,375.00 to $1,390.00 and gave the company an “in-line” rating in a report on Tuesday, July 2nd. Wells Fargo & Company started coverage on shares of Mettler-Toledo International in a research report on Tuesday, August 27th. They set an “equal weight” rating and a $1,400.00 price objective on the stock. The Goldman Sachs Group upped their target price on shares of Mettler-Toledo International from $1,150.00 to $1,300.00 and gave the company a “neutral” rating in a report on Tuesday, July 9th. Jefferies Financial Group reissued an “underperform” rating and set a $1,250.00 price target (up previously from $1,230.00) on shares of Mettler-Toledo International in a report on Monday, June 3rd. 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 research report on Monday, August 5th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $1,356.25.

Mettler-Toledo International Price Performance

MTD opened at $1,406.11 on Friday. The business has a 50 day simple moving average of $1,408.63 and a 200-day simple moving average of $1,375.15. Mettler-Toledo International Inc. has a 12 month low of $928.49 and a 12 month high of $1,546.93. The stock has a market capitalization of $30.03 billion, a P/E ratio of 39.43, a P/E/G ratio of 3.70 and a beta of 1.14.

Mettler-Toledo International (NYSE:MTD) last released its quarterly earnings data on Thursday, August 1st. The medical instruments supplier reported $9.65 earnings per share for the quarter, beating the consensus estimate of $9.00 by $0.65. The firm had revenue of $946.75 million during the quarter, compared to the consensus estimate of $929.13 million. Mettler-Toledo International had a negative return on equity of 575.61% and a net margin of 20.95%. Mettler-Toledo International’s quarterly revenue was down 3.6% on a year-over-year basis. During the same period last year, the business posted $10.19 EPS. Research analysts anticipate that Mettler-Toledo International Inc. will post 40.35 EPS for the current year.

About Mettler-Toledo International

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.Its industrial instruments comprise industrial weighing instruments and related terminals, automatic dimensional measurement and data capture solutions, vehicle scale systems, industrial software, metal detection equipment, x-ray systems, check weighing equipment, camera-based imaging equipment, track-and-trace solutions, and product inspection systems.