Insider Selling: Mettler-Toledo International Inc. (NYSE:MTD) Insider Sells 310 Shares of Stock

Mettler-Toledo International Inc. (NYSE:MTD) insider Gerry Keller sold 310 shares of Mettler-Toledo International stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $1,511.56, for a total transaction of $468,583.60. Following the sale, the insider now owns 6 shares of the company’s stock, valued at approximately $9,069.36. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Mettler-Toledo International Price Performance

NYSE:MTD opened at $1,522.75 on Friday. The company has a market cap of $32.53 billion, a P/E ratio of 42.70, a P/E/G ratio of 4.13 and a beta of 1.16. The firm’s fifty day moving average price is $1,306.97 and its two-hundred day moving average price is $1,210.70. Mettler-Toledo International Inc. has a one year low of $928.49 and a one year high of $1,535.86.

Mettler-Toledo International (NYSE:MTD) last released its quarterly earnings results on Thursday, May 9th. The medical instruments supplier reported $8.89 earnings per share for the quarter, topping the consensus estimate of $7.61 by $1.28. The business had revenue of $925.95 million during the quarter, compared to analysts’ expectations of $879.72 million. Mettler-Toledo International had a negative return on equity of 662.32% and a net margin of 20.55%. The firm’s revenue for the quarter was down .3% compared to the same quarter last year. During the same period last year, the firm posted $8.69 EPS. As a group, equities research analysts expect that Mettler-Toledo International Inc. will post 40.12 earnings per share for the current year.

Institutional Investors Weigh In On Mettler-Toledo International

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Rise Advisors LLC acquired a new stake in Mettler-Toledo International during the first quarter worth about $25,000. MV Capital Management Inc. boosted its holdings in shares of Mettler-Toledo International by 162.5% during the 4th quarter. MV Capital Management Inc. now owns 21 shares of the medical instruments supplier’s stock valued at $25,000 after acquiring an additional 13 shares in the last quarter. CVA Family Office LLC bought a new stake in Mettler-Toledo International during the 4th quarter worth $27,000. Spartan Planning & Wealth Management acquired a new position in Mettler-Toledo International in the 4th quarter worth about $27,000. Finally, Bellevue Group AG bought a new position in Mettler-Toledo International in the fourth quarter valued at about $30,000. 95.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have commented on MTD. StockNews.com upgraded shares of Mettler-Toledo International from a “hold” rating to a “buy” rating in a research report on Monday, April 29th. Citigroup increased their price objective on shares of Mettler-Toledo International from $975.00 to $1,200.00 and gave the stock a “sell” rating in a research report on Monday, May 13th. Stifel Nicolaus boosted their target price on Mettler-Toledo International from $1,270.00 to $1,510.00 and gave the company a “buy” rating in a research note on Monday, May 13th. Robert W. Baird boosted their price target on shares of Mettler-Toledo International from $1,212.00 to $1,360.00 and gave the stock a “neutral” rating in a research report on Monday, May 13th. Finally, Evercore ISI raised their price objective on Mettler-Toledo International from $1,200.00 to $1,300.00 and gave the company an “in-line” rating in a report on Thursday, April 4th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, Mettler-Toledo International currently has an average rating of “Hold” and an average target price of $1,257.14.

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.Its industrial instruments comprise industrial weighing instruments and related terminals, automatic dimensional measurement and data capture solutions, vehicle scale systems, industrial software, metal detection equipment, x-ray systems, check weighing equipment, camera-based imaging equipment, track-and-trace solutions, and product inspection systems.