Mettler-Toledo International Director Robert F. Spoerry Unloads 10,000 Shares (MTD)
Mettler-Toledo International (NYSE:MTD) Director Robert F. Spoerry sold 10,000 shares of the stock on the open market in a transaction dated Monday, August 18th. The stock was sold at an average price of $269.56, for a total transaction of $2,695,600.00. Following the completion of the sale, the director now directly owns 5,587 shares of the company’s stock, valued at approximately $1,506,032. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Shares of Mettler-Toledo International (NYSE:MTD) opened at 270.80 on Thursday. Mettler-Toledo International has a one year low of $217.82 and a one year high of $271.06. The stock’s 50-day moving average is $258.5 and its 200-day moving average is $245.7. The company has a market cap of $7.823 billion and a P/E ratio of 25.74.
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 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.
MTD has been the subject of a number of recent research reports. 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 analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target 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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