Mettler-Toledo International Inc. (NYSE:MTD) Insider Christian Magloth Sells 1,000 Shares of Stock

Mettler-Toledo International Inc. (NYSE:MTD) insider Christian Magloth sold 1,000 shares of Mettler-Toledo International stock in a transaction that occurred 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 transaction, the insider now owns 734 shares in the company, valued at approximately $1,044,459.98. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Mettler-Toledo International Stock Performance

Shares of MTD stock opened at $1,434.79 on Tuesday. Mettler-Toledo International Inc. has a one year low of $928.49 and a one year high of $1,546.93. The firm’s 50 day moving average price is $1,407.11 and its 200-day moving average price is $1,343.49. The firm has a market cap of $30.64 billion, a P/E ratio of 40.24, a P/E/G ratio of 4.06 and a beta of 1.17.

Mettler-Toledo International (NYSE:MTD) last released its quarterly earnings results on Thursday, August 1st. The medical instruments supplier reported $9.65 EPS for the quarter, topping analysts’ consensus estimates of $9.00 by $0.65. Mettler-Toledo International had a negative return on equity of 590.80% and a net margin of 20.95%. The company had revenue of $946.75 million for the quarter, compared to analysts’ expectations of $929.13 million. During the same period in the prior year, the firm earned $10.19 earnings per share. The firm’s revenue was down 3.6% compared to the same quarter last year. As a group, research analysts predict that Mettler-Toledo International Inc. will post 40.13 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Evercore ISI lifted their price target on Mettler-Toledo International from $1,375.00 to $1,390.00 and gave the stock an “in-line” rating in a report on Tuesday, July 2nd. The Goldman Sachs Group lifted their target price on shares of Mettler-Toledo International from $1,150.00 to $1,300.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 9th. JPMorgan Chase & Co. increased their price target on shares of Mettler-Toledo International from $1,300.00 to $1,400.00 and gave the company a “neutral” rating in a research note on Monday, August 5th. Jefferies Financial Group restated an “underperform” rating and set a $1,250.00 price target (up previously from $1,230.00) on shares of Mettler-Toledo International in a report on Monday, June 3rd. Finally, Stifel Nicolaus upped their price objective on Mettler-Toledo International from $1,510.00 to $1,550.00 and gave the company a “buy” rating in a report on Monday, August 5th. Two analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $1,343.75.

Hedge Funds Weigh In On Mettler-Toledo International

Several institutional investors have recently bought and sold shares of the company. Ecofi Investissements SA purchased a new position in shares of Mettler-Toledo International in the second quarter valued at approximately $6,499,000. Quarry LP boosted its position in Mettler-Toledo International by 169.2% in the 2nd quarter. Quarry LP now owns 70 shares of the medical instruments supplier’s stock valued at $98,000 after buying an additional 44 shares during the period. Creative Planning grew its stake in shares of Mettler-Toledo International by 12.8% in the second quarter. Creative Planning now owns 2,698 shares of the medical instruments supplier’s stock worth $3,771,000 after acquiring an additional 306 shares in the last quarter. Ascent Group LLC acquired a new position in shares of Mettler-Toledo International in the second quarter worth $233,000. Finally, Scientech Research LLC purchased a new stake in shares of Mettler-Toledo International during the second quarter worth $384,000. 95.07% of the stock is owned by institutional investors and hedge funds.

About Mettler-Toledo International

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.