Mettler-Toledo International Inc. (NYSE:MTD) insider La Guerroniere Marc De sold 4,609 shares of the firm’s stock in a transaction dated Thursday, August 30th. The shares were sold at an average price of $580.37, for a total value of $2,674,925.33. Following the completion of the sale, the insider now directly owns 4,609 shares in the company, valued at $2,674,925.33. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Shares of MTD stock opened at $586.76 on Thursday. Mettler-Toledo International Inc. has a 12 month low of $540.24 and a 12 month high of $697.26. The stock has a market cap of $14.74 billion, a PE ratio of 33.08, a PEG ratio of 2.24 and a beta of 1.11. The company has a current ratio of 1.46, a quick ratio of 1.06 and a debt-to-equity ratio of 1.92.
Mettler-Toledo International (NYSE:MTD) last announced its quarterly earnings results on Thursday, July 26th. The medical instruments supplier reported $4.65 EPS for the quarter, beating the Zacks’ consensus estimate of $4.58 by $0.07. Mettler-Toledo International had a return on equity of 90.80% and a net margin of 13.52%. The firm had revenue of $722.00 million for the quarter, compared to analyst estimates of $715.69 million. During the same period last year, the firm posted $3.92 earnings per share. The business’s revenue for the quarter was up 10.4% on a year-over-year basis. equities analysts predict that Mettler-Toledo International Inc. will post 20.18 EPS for the current year.
Several hedge funds have recently made changes to their positions in MTD. Captrust Financial Advisors raised its position in shares of Mettler-Toledo International by 306.7% during the second quarter. Captrust Financial Advisors now owns 183 shares of the medical instruments supplier’s stock worth $106,000 after acquiring an additional 138 shares during the last quarter. Signaturefd LLC bought a new position in shares of Mettler-Toledo International during the first quarter worth about $111,000. Cornerstone Advisors Inc. raised its position in shares of Mettler-Toledo International by 7,233.3% during the second quarter. Cornerstone Advisors Inc. now owns 220 shares of the medical instruments supplier’s stock worth $127,000 after acquiring an additional 217 shares during the last quarter. Piedmont Investment Advisors LLC bought a new position in shares of Mettler-Toledo International during the second quarter worth about $167,000. Finally, Alps Advisors Inc. bought a new position in shares of Mettler-Toledo International during the first quarter worth about $202,000. 93.35% of the stock is currently owned by hedge funds and other institutional investors.
A number of analysts have recently commented on MTD shares. Morgan Stanley cut their price target on Mettler-Toledo International from $568.00 to $540.00 and set an “equal weight” rating on the stock in a research note on Friday, July 13th. JPMorgan Chase & Co. lifted their price target on Mettler-Toledo International from $550.00 to $600.00 and gave the company a “neutral” rating in a research note on Friday, July 27th. Finally, Zacks Investment Research raised Mettler-Toledo International from a “sell” rating to a “hold” rating in a research note on Monday, July 30th. Ten research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $625.55.
About Mettler-Toledo International
Mettler-Toledo International Inc manufactures and supplies precision instruments and services worldwide. The company operates in five segments: U.S. Operations, Swiss Operations, Western European Operations, Chinese Operations, and Other. It offers weighing instruments for laboratory, industrial, packaging, logistics, and food retailing applications; analytical instruments for use in life science; various related analytical instruments and provides automated chemistry solutions used in drug and chemical compound discovery and development; and end-of-line product inspection systems used in production and packaging for food processing and packaging, pharmaceutical, packaged consumer goods, and other industries.
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