Beddow Capital Management Inc. Buys 158 Shares of Mettler-Toledo International Inc. (NYSE:MTD)

Beddow Capital Management Inc. increased its holdings in Mettler-Toledo International Inc. (NYSE:MTD) by 23.9% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 818 shares of the medical instruments supplier’s stock after purchasing an additional 158 shares during the quarter. Beddow Capital Management Inc.’s holdings in Mettler-Toledo International were worth $1,227,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently modified their holdings of MTD. Family Firm Inc. purchased a new position in shares of Mettler-Toledo International during the second quarter valued at about $25,000. Blue Trust Inc. raised its stake in shares of 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 purchasing an additional 17 shares during the last quarter. Ashton Thomas Securities LLC bought a new position in Mettler-Toledo International during the 3rd quarter valued at about $37,000. Rothschild Investment LLC bought a new position in Mettler-Toledo International during the second quarter valued at approximately $42,000. Finally, Itau Unibanco Holding S.A. purchased a new position in shares of Mettler-Toledo International in the 2nd quarter worth $42,000. Institutional investors own 95.07% of the company’s stock.

Wall Street Analyst Weigh In

MTD has been the subject of several recent research reports. JPMorgan Chase & Co. boosted their price target on Mettler-Toledo International from $1,300.00 to $1,400.00 and gave the company a “neutral” rating in a report on Monday, August 5th. Evercore ISI raised their target price on shares of Mettler-Toledo International from $1,375.00 to $1,450.00 and gave the company an “in-line” rating in a report on Tuesday, October 1st. Wells Fargo & Company decreased 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 research note on Monday, November 11th. Stifel Nicolaus dropped their price objective on shares of Mettler-Toledo International from $1,550.00 to $1,450.00 and set a “buy” rating for the company in a research note on Monday, November 11th. Finally, Robert W. Baird decreased their target price 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 report on Monday, November 11th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, Mettler-Toledo International presently has an average rating of “Hold” and a consensus price target of $1,338.75.

Insider Buying and Selling

In other news, Director Elisha W. Finney sold 76 shares of Mettler-Toledo International stock in a transaction 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 transaction, the director now directly owns 240 shares in the company, valued at approximately $314,820. This trade represents a 24.05 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.94% of the stock is owned by insiders.

Mettler-Toledo International Price Performance

Mettler-Toledo International stock opened at $1,174.56 on Tuesday. The stock has a market cap of $24.78 billion, a price-to-earnings ratio of 31.67, a price-to-earnings-growth ratio of 3.89 and a beta of 1.16. The firm has a 50-day moving average of $1,377.82 and a two-hundred day moving average of $1,401.85. Mettler-Toledo International Inc. has a 1 year low of $1,041.49 and a 1 year high of $1,546.93.

Mettler-Toledo International (NYSE:MTD) last announced its quarterly earnings results on Thursday, November 7th. The medical instruments supplier reported $10.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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. Research analysts expect that Mettler-Toledo International Inc. will post 40.39 earnings per share for the current year.

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.