Insider Selling: Mettler-Toledo International EVP Unloads 5,750 Shares of Stock (MTD)
Mettler-Toledo International (NYSE:MTD) EVP William P. Donnelly unloaded 5,750 shares of the company’s stock on the open market in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $254.20, for a total value of $1,461,650.00. Following the completion of the transaction, the executive vice president now directly owns 46,453 shares of the company’s stock, valued at approximately $11,808,353. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Shares of Mettler-Toledo International (NYSE:MTD) traded down 0.18% during mid-day trading on Thursday, hitting $251.50. The stock had a trading volume of 54,067 shares. Mettler-Toledo International has a 52 week low of $196.00 and a 52 week high of $258.31. The stock’s 50-day moving average is $247.7 and its 200-day moving average is $240.. The company has a market cap of $7.391 billion and a price-to-earnings ratio of 25.30.
Mettler-Toledo International (NYSE:MTD) last posted its quarterly earnings results on Wednesday, February 5th. The company reported $3.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.74 by $0.08. The company had revenue of $684.30 million for the quarter, compared to the consensus estimate of $673.49 million. During the same quarter in the previous year, the company posted $3.47 earnings per share. The company’s revenue for the quarter was up 4.1% on a year-over-year basis. On average, analysts predict that Mettler-Toledo International will post $11.59 earnings per share for the current fiscal year.
MTD has been the subject of a number of recent research reports. Analysts at Wells Fargo & Co. initiated coverage on shares of Mettler-Toledo International in a research note on Tuesday. They set a “market perform” rating on the stock. Separately, analysts at UBS AG upgraded shares of Mettler-Toledo International from a “neutral” rating to a “buy” rating in a research note on Thursday, February 6th. They now have a $263.00 price target on the stock, up previously from $245.00. Finally, analysts at ISI Group raised their price target on shares of Mettler-Toledo International from $243.00 to $253.00 in a research note on Thursday, February 6th. They now have a “neutral” rating on the stock. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Mettler-Toledo International presently has a consensus rating of “Hold” and a consensus target price of $251.83.
Mettler-Toledo International Inc is a global supplier of precision instruments and services. The Company is a provider of weighing instruments for use in laboratory, industrial and food retailing applications.
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