Mettler-Toledo International Insider Unloads $622,075 in Stock (MTD)
Mettler-Toledo International (NYSE:MTD) Insider Waldemar Rauch unloaded 2,500 shares of the company’s stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $248.83, for a total transaction of $622,075.00. Following the transaction, the insider now directly owns 11,963 shares in the company, valued at approximately $2,976,753. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Mettler-Toledo International (NYSE:MTD) traded up 1.17% on Monday, hitting $253.13. 26,686 shares of the company’s stock traded hands. Mettler-Toledo International has a 52-week low of $199.91 and a 52-week high of $258.31. The stock’s 50-day moving average is $239.7 and its 200-day moving average is $242.3. The company has a market cap of $7.396 billion and a price-to-earnings ratio of 24.47.
Mettler-Toledo International (NYSE:MTD) last issued its quarterly earnings data on Thursday, May 8th. The company reported $2.00 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.98 by $0.02. The company had revenue of $550.60 million for the quarter, compared to the consensus estimate of $538.10 million. During the same quarter last year, the company posted $1.84 earnings per share. Mettler-Toledo International’s revenue was up 5.0% compared to the same quarter last year. On average, analysts predict that Mettler-Toledo International will post $11.61 earnings per share for the current fiscal year.
A number of research firms have recently commented on MTD. Analysts at Cantor Fitzgerald raised their price target on shares of Mettler-Toledo International from $266.00 to $270.00 in a research note on Friday, May 9th. They now have a “buy” rating on the stock. Separately, analysts at ISI Group cut their price target on shares of Mettler-Toledo International from $260.00 to $245.00 in a research note on Friday, May 9th. They now have a “neutral” rating on the stock. Finally, analysts at Goldman Sachs raised their price target on shares of Mettler-Toledo International from $239.00 to $240.00 in a research note on Friday, April 11th. They now have a “neutral” rating on the stock. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $256.50.
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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