Insider Selling: Mettler-Toledo International Inc. (NYSE:MTD) Director Sells 8,000 Shares of Stock

Mettler-Toledo International Inc. (NYSE:MTDGet Rating) Director Olivier A. Filliol sold 8,000 shares of the stock in a transaction that occurred on Tuesday, August 2nd. The stock was sold at an average price of $1,344.92, for a total value of $10,759,360.00. Following the transaction, the director now owns 8,309 shares in the company, valued at $11,174,940.28. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Mettler-Toledo International Trading Down 1.0 %

NYSE MTD opened at $1,346.88 on Friday. The firm has a market capitalization of $30.31 billion, a P/E ratio of 37.95, a PEG ratio of 3.30 and a beta of 1.12. The business has a fifty day simple moving average of $1,214.71 and a 200 day simple moving average of $1,311.53. Mettler-Toledo International Inc. has a 12 month low of $1,082.78 and a 12 month high of $1,714.75. The company has a current ratio of 1.18, a quick ratio of 0.77 and a debt-to-equity ratio of 250.82.

Mettler-Toledo International (NYSE:MTDGet Rating) last released its quarterly earnings results on Friday, July 29th. The medical instruments supplier reported $9.39 EPS for the quarter, beating analysts’ consensus estimates of $8.78 by $0.61. The business had revenue of $978.39 million during the quarter, compared to analyst estimates of $951.81 million. Mettler-Toledo International had a return on equity of 799.34% and a net margin of 21.23%. Mettler-Toledo International’s quarterly revenue was up 5.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $8.10 EPS. On average, analysts predict that Mettler-Toledo International Inc. will post 38.96 EPS for the current fiscal year.

Institutional Investors Weigh In On Mettler-Toledo International

Several large investors have recently made changes to their positions in MTD. Norges Bank purchased a new stake in shares of Mettler-Toledo International during the 4th quarter valued at $318,096,000. BlackRock Inc. increased its position in shares of Mettler-Toledo International by 5.0% during the 1st quarter. BlackRock Inc. now owns 2,127,758 shares of the medical instruments supplier’s stock valued at $2,921,815,000 after purchasing an additional 100,381 shares during the last quarter. SkyView Investment Advisors LLC increased its position in shares of Mettler-Toledo International by 41,529.7% during the 4th quarter. SkyView Investment Advisors LLC now owns 88,255 shares of the medical instruments supplier’s stock valued at $384,000 after purchasing an additional 88,043 shares during the last quarter. Capital International Investors increased its position in shares of Mettler-Toledo International by 12.3% during the 1st quarter. Capital International Investors now owns 591,960 shares of the medical instruments supplier’s stock valued at $812,874,000 after purchasing an additional 64,931 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. increased its position in shares of Mettler-Toledo International by 67.0% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 113,345 shares of the medical instruments supplier’s stock valued at $130,207,000 after purchasing an additional 45,488 shares during the last quarter. 93.88% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

MTD has been the topic of a number of recent research reports. Wells Fargo & Company upgraded Mettler-Toledo International from an “equal weight” rating to an “overweight” rating and cut their target price for the stock from $1,600.00 to $1,410.00 in a report on Monday, April 25th. UBS Group initiated coverage on Mettler-Toledo International in a report on Wednesday, July 20th. They issued a “neutral” rating and a $1,237.00 target price on the stock. The Goldman Sachs Group cut their target price on Mettler-Toledo International from $1,280.00 to $1,140.00 and set a “sell” rating on the stock in a report on Thursday, July 14th. Robert W. Baird increased their target price on Mettler-Toledo International from $1,369.00 to $1,406.00 and gave the stock a “neutral” rating in a report on Monday. Finally, TheStreet cut Mettler-Toledo International from a “b” rating to a “c+” rating in a report on Thursday, July 28th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, Mettler-Toledo International has an average rating of “Hold” and a consensus price target of $1,298.25.

Mettler-Toledo International Company Profile

(Get Rating)

Mettler-Toledo International Inc engages in the manufacture and supply of precision instruments and services worldwide. It operates in 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, titrators, pH meters, process analytics sensors and analyzer technologies, physical value analyzers, thermal analysis systems, and other analytical instruments; and LabX, a laboratory software platform to manage and analyze data generated from its instruments.

Read More

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

Receive News & Ratings for Mettler-Toledo International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mettler-Toledo International and related companies with MarketBeat.com's FREE daily email newsletter.