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

Beddow Capital Management Inc. grew its stake in shares of Mettler-Toledo International Inc. (NYSE:MTD) by 61.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 660 shares of the medical instruments supplier’s stock after acquiring 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 and other institutional investors have also recently modified their holdings of the stock. Rise Advisors LLC acquired a new position in Mettler-Toledo International during the 1st quarter valued at approximately $25,000. Family Firm Inc. purchased a new stake in Mettler-Toledo International during the 2nd quarter valued at about $25,000. Spartan Planning & Wealth Management acquired a new position in shares of Mettler-Toledo International in the fourth quarter valued at about $27,000. Bellevue Group AG purchased a new position in shares of Mettler-Toledo International in the fourth quarter worth about $30,000. Finally, Mather Group LLC. purchased a new stake in Mettler-Toledo International in the first quarter valued at approximately $32,000. 95.07% of the stock is owned by hedge funds and other institutional investors.

Mettler-Toledo International Trading Down 2.6 %

Shares of MTD opened at $1,406.11 on Friday. The firm has a market cap of $30.03 billion, a P/E ratio of 39.43, a PEG ratio of 3.70 and a beta of 1.14. Mettler-Toledo International Inc. has a 12 month low of $928.49 and a 12 month high of $1,546.93. The stock’s 50 day moving average is $1,408.63 and its two-hundred day moving average is $1,375.15.

Mettler-Toledo International (NYSE:MTD) last issued its quarterly earnings results on Thursday, August 1st. The medical instruments supplier reported $9.65 EPS for the quarter, topping the consensus estimate of $9.00 by $0.65. Mettler-Toledo International had a net margin of 20.95% and a negative return on equity of 575.61%. The company had revenue of $946.75 million during the quarter, compared to analyst estimates of $929.13 million. During the same quarter in the previous year, the firm earned $10.19 EPS. The firm’s revenue was down 3.6% compared to the same quarter last year. Equities research analysts forecast that Mettler-Toledo International Inc. will post 40.35 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Stifel Nicolaus upped their price objective on shares of Mettler-Toledo International from $1,510.00 to $1,550.00 and gave the company a “buy” rating in a report on Monday, August 5th. Wells Fargo & Company initiated coverage on Mettler-Toledo International in a research report on Tuesday, August 27th. They set an “equal weight” rating and a $1,400.00 price target on the stock. StockNews.com raised Mettler-Toledo International from a “hold” rating to a “buy” rating in a report on Thursday, July 11th. The Goldman Sachs Group raised their target price on Mettler-Toledo International from $1,150.00 to $1,300.00 and gave the stock a “neutral” rating in a report on Tuesday, July 9th. Finally, Evercore ISI boosted their price target 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. Two investment 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 data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $1,356.25.

Insider Buying and Selling

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

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.