Mettler-Toledo International Director Sells $2,695,600 in Stock (MTD)
Mettler-Toledo International (NYSE:MTD) Director Robert F. Spoerry unloaded 10,000 shares of Mettler-Toledo International stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $269.56, for a total transaction of $2,695,600.00. Following the sale, the director now directly owns 5,587 shares in the company, valued at approximately $1,506,032. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
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. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $262.29.
Mettler-Toledo International (NYSE:MTD) traded up 0.10% on Tuesday, hitting $269.64. The stock had a trading volume of 7,941 shares. Mettler-Toledo International has a 1-year low of $217.82 and a 1-year high of $270.67. The stock’s 50-day moving average is $257.6 and its 200-day moving average is $245.4. The company has a market cap of $7.789 billion and a price-to-earnings ratio of 25.72.
Mettler-Toledo International (NYSE:MTD) last posted its quarterly earnings results on Thursday, July 24th. The company reported $2.57 earnings per share for the quarter, meeting the analysts’ 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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