Mettler-Toledo International Inc. (MTD) Insider William P. Donnelly Sells 2,873 Shares

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Mettler-Toledo International Inc. (NYSE:MTD) insider William P. Donnelly sold 2,873 shares of the company’s stock in a transaction dated Thursday, September 6th. The stock was sold at an average price of $586.78, for a total transaction of $1,685,818.94. Following the transaction, the insider now owns 3,000 shares in the company, valued at $1,760,340. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Shares of NYSE MTD traded up $0.91 on Friday, hitting $588.91. The company’s stock had a trading volume of 172,709 shares, compared to its average volume of 127,343. Mettler-Toledo International Inc. has a 12-month low of $540.24 and a 12-month high of $697.26. The company has a market capitalization of $14.83 billion, a PE ratio of 33.52, a price-to-earnings-growth ratio of 2.26 and a beta of 1.11. The company has a debt-to-equity ratio of 1.92, a current ratio of 1.46 and a quick ratio of 1.06.

Mettler-Toledo International (NYSE:MTD) last announced its quarterly earnings results on Thursday, July 26th. The medical instruments supplier reported $4.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.58 by $0.07. Mettler-Toledo International had a net margin of 13.52% and a return on equity of 90.80%. The company had revenue of $722.00 million for the quarter, compared to the consensus estimate of $715.69 million. During the same quarter in the prior year, the firm earned $3.92 earnings per share. The company’s revenue for the quarter was up 10.4% compared to the same quarter last year. analysts forecast that Mettler-Toledo International Inc. will post 20.15 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Boston Common Asset Management LLC lifted its holdings in shares of Mettler-Toledo International by 8.9% in the second quarter. Boston Common Asset Management LLC now owns 1,194 shares of the medical instruments supplier’s stock valued at $691,000 after purchasing an additional 98 shares in the last quarter. Aureus Asset Management LLC lifted its holdings in shares of Mettler-Toledo International by 15.7% in the second quarter. Aureus Asset Management LLC now owns 752 shares of the medical instruments supplier’s stock valued at $435,000 after purchasing an additional 102 shares in the last quarter. Global X Management Co. LLC lifted its holdings in shares of Mettler-Toledo International by 7.8% in the first quarter. Global X Management Co. LLC now owns 1,461 shares of the medical instruments supplier’s stock valued at $840,000 after purchasing an additional 106 shares in the last quarter. Synovus Financial Corp lifted its holdings in shares of Mettler-Toledo International by 14.3% in the first quarter. Synovus Financial Corp now owns 1,062 shares of the medical instruments supplier’s stock valued at $605,000 after purchasing an additional 133 shares in the last quarter. Finally, Captrust Financial Advisors lifted its holdings in shares of Mettler-Toledo International by 306.7% in the second quarter. Captrust Financial Advisors now owns 183 shares of the medical instruments supplier’s stock valued at $106,000 after purchasing an additional 138 shares in the last quarter. 93.59% of the stock is currently owned by institutional investors.

Several research analysts have weighed in on MTD shares. Morgan Stanley lowered their target price on shares of Mettler-Toledo International from $568.00 to $540.00 and set an “equal weight” rating on the stock in a research report on Friday, July 13th. JPMorgan Chase & Co. upped their target price on shares of Mettler-Toledo International from $550.00 to $600.00 and gave the stock a “neutral” rating in a research report on Friday, July 27th. Finally, Zacks Investment Research upgraded shares of Mettler-Toledo International from a “sell” rating to a “hold” rating in a research report on Monday, July 30th. Ten analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $625.55.

Mettler-Toledo International Company Profile

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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Insider Buying and Selling by Quarter for Mettler-Toledo International (NYSE:MTD)

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