Mettler-Toledo International Director Sells $1,304,400 in Stock (MTD)
Mettler-Toledo International (NYSE:MTD) Director Robert F. Spoerry sold 5,000 shares of Mettler-Toledo International stock in a transaction dated 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 sale, the director now directly owns 5,587 shares in the company, valued at approximately $1,457,537. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
A number of analysts have recently weighed in on MTD shares. 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. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company has an average rating of “Hold” and an average target price of $262.29.
Shares of Mettler-Toledo International (NYSE:MTD) opened at 266.36 on Monday. Mettler-Toledo International has a 1-year low of $217.82 and a 1-year high of $268.73. The stock’s 50-day moving average is $257. and its 200-day moving average is $245.2. The company has a market cap of $7.694 billion and a P/E ratio of 25.38.
Mettler-Toledo International (NYSE:MTD) last announced its earnings results 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 last year, the company posted $2.35 earnings per share. Mettler-Toledo International’s revenue was up 5.2% compared to the same quarter last year. Analysts expect that Mettler-Toledo International will post $11.59 EPS for the current fiscal year.
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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