Mettler-Toledo International Director Robert F. Spoerry Sells 5,000 Shares (MTD)
Mettler-Toledo International (NYSE:MTD) Director Robert F. Spoerry unloaded 5,000 shares of the company’s stock on the open market in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $260.88, for a total transaction of $1,304,400.00. Following the completion of the sale, the director now directly owns 5,587 shares in the company, valued at approximately $1,457,537. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Mettler-Toledo International (NYSE:MTD) traded up 0.53% on Thursday, hitting $265.40. The stock had a trading volume of 77,786 shares. Mettler-Toledo International has a 52-week low of $217.82 and a 52-week high of $267.22. The stock’s 50-day moving average is $256.1 and its 200-day moving average is $244.9. The company has a market cap of $7.667 billion and a P/E ratio of 25.21.
Mettler-Toledo International (NYSE:MTD) last issued its quarterly earnings data on Thursday, July 24th. The company reported $2.57 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $2.57. The company had revenue of $608.80 million for the quarter, compared to the consensus estimate of $601.17 million. During the same quarter in the prior year, the company posted $2.35 earnings per share. The company’s quarterly revenue was up 5.2% 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.
A number of research firms have recently commented on MTD. Analysts at Cantor Fitzgerald reiterated a “buy” rating on shares of Mettler-Toledo International in a research note on Monday, July 28th. They now have a $280.00 price target on the stock, up previously from $270.00. Separately, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Mettler-Toledo International in a research note on Friday, July 25th. They now have a $275.00 price target on the stock, up previously from $240.00. Finally, analysts at Jefferies Group reiterated a “hold” rating on shares of Mettler-Toledo International in a research note on Friday, July 25th. They now have a $250.00 price target on the stock, up previously from $235.00. Seven research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $262.29.
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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