Paragon Capital Management Inc. Reduces Stock Position in Mettler-Toledo International Inc. (NYSE:MTD)

Paragon Capital Management Inc. decreased its position in shares of Mettler-Toledo International Inc. (NYSE:MTD) by 1.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,021 shares of the medical instruments supplier’s stock after selling 14 shares during the quarter. Paragon Capital Management Inc.’s holdings in Mettler-Toledo International were worth $1,531,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Creative Planning increased its position in shares of Mettler-Toledo International by 2.3% in the third quarter. Creative Planning now owns 2,761 shares of the medical instruments supplier’s stock valued at $4,141,000 after buying an additional 63 shares in the last quarter. Koshinski Asset Management Inc. increased its holdings in Mettler-Toledo International by 40.0% during the 3rd quarter. Koshinski Asset Management Inc. now owns 322 shares of the medical instruments supplier’s stock valued at $483,000 after acquiring an additional 92 shares in the last quarter. Exchange Traded Concepts LLC raised its position in Mettler-Toledo International by 2,300.0% during the third quarter. Exchange Traded Concepts LLC now owns 144 shares of the medical instruments supplier’s stock worth $216,000 after acquiring an additional 138 shares during the last quarter. Carnegie Investment Counsel lifted its holdings in shares of Mettler-Toledo International by 0.6% in the third quarter. Carnegie Investment Counsel now owns 14,051 shares of the medical instruments supplier’s stock valued at $21,072,000 after purchasing an additional 88 shares in the last quarter. Finally, Peak Financial Advisors LLC acquired a new stake in shares of Mettler-Toledo International in the third quarter valued at approximately $3,119,000. Institutional investors and hedge funds own 95.07% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently issued reports on MTD. Evercore ISI upped their target price on Mettler-Toledo International from $1,375.00 to $1,450.00 and gave the company an “in-line” rating in a research note on Tuesday, October 1st. The Goldman Sachs Group increased their price objective on Mettler-Toledo International from $1,150.00 to $1,300.00 and gave the company a “neutral” rating in a research note on Tuesday, July 9th. Stifel Nicolaus boosted their target price on shares of Mettler-Toledo International from $1,510.00 to $1,550.00 and gave the company a “buy” rating in a research note on Monday, August 5th. StockNews.com raised shares of Mettler-Toledo International from a “hold” rating to a “buy” rating in a research note on Thursday, July 11th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Mettler-Toledo International from $1,300.00 to $1,400.00 and gave the company a “neutral” rating in a research report on Monday, August 5th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $1,363.75.

Mettler-Toledo International Stock Performance

MTD opened at $1,402.67 on Thursday. Mettler-Toledo International Inc. has a 1 year low of $928.49 and a 1 year high of $1,546.93. The company’s 50 day simple moving average is $1,425.70 and its 200 day simple moving average is $1,393.19. The stock has a market capitalization of $29.96 billion, a PE ratio of 39.33, a P/E/G ratio of 4.24 and a beta of 1.14.

Mettler-Toledo International (NYSE:MTD) last announced its quarterly earnings results on Thursday, August 1st. The medical instruments supplier reported $9.65 earnings per share for the quarter, beating analysts’ consensus estimates of $9.00 by $0.65. The company had revenue of $946.75 million for the quarter, compared to analyst estimates of $929.13 million. Mettler-Toledo International had a net margin of 20.95% and a negative return on equity of 575.61%. Mettler-Toledo International’s revenue for the quarter was down 3.6% on a year-over-year basis. During the same quarter last year, the business earned $10.19 EPS. As a group, sell-side analysts expect that Mettler-Toledo International Inc. will post 40.35 earnings per share for the current fiscal year.

Insider Buying and Selling at Mettler-Toledo International

In other news, CFO Shawn Vadala sold 250 shares of Mettler-Toledo International stock in a transaction dated 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 transaction, the chief financial officer now directly owns 4,914 shares of the company’s stock, valued at $6,884,514. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. In related news, insider Christian Magloth sold 1,000 shares of the stock in a transaction 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 completion of the sale, the insider now directly owns 734 shares in the company, valued at approximately $1,044,459.98. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Shawn Vadala sold 250 shares of the business’s stock in a transaction dated 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 transaction, the chief financial officer now owns 4,914 shares in the company, valued at approximately $6,884,514. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 1.94% of the stock is owned by company insiders.

Mettler-Toledo International 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.