Mettler-Toledo International, Inc. (NYSE:MTD) CFO Shawn Vadala sold 1,500 shares of the business’s stock in a transaction on Friday, August 4th. The stock was sold at an average price of $577.00, for a total value of $865,500.00. Following the transaction, the chief financial officer now directly owns 6,525 shares of the company’s stock, valued at $3,764,925. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Shares of Mettler-Toledo International, Inc. (NYSE MTD) traded up 0.40% during mid-day trading on Monday, reaching $578.92. The company’s stock had a trading volume of 69,563 shares. The firm has a market capitalization of $14.86 billion, a PE ratio of 35.60 and a beta of 1.13. Mettler-Toledo International, Inc. has a 52 week low of $386.01 and a 52 week high of $618.13. The firm has a 50-day moving average of $594.32 and a 200-day moving average of $522.25.

Mettler-Toledo International (NYSE:MTD) last issued its earnings results on Thursday, July 27th. The medical instruments supplier reported $3.92 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $3.89 by $0.03. Mettler-Toledo International had a net margin of 16.60% and a return on equity of 95.28%. The firm had revenue of $653.70 million for the quarter, compared to analysts’ expectations of $646.68 million. During the same quarter last year, the company posted $3.22 earnings per share. Mettler-Toledo International’s revenue was up 7.5% on a year-over-year basis. Equities research analysts forecast that Mettler-Toledo International, Inc. will post $16.95 earnings per share for the current fiscal year.

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A number of institutional investors have recently modified their holdings of the company. Victory Capital Management Inc. boosted its position in shares of Mettler-Toledo International by 16.8% in the second quarter. Victory Capital Management Inc. now owns 3,973 shares of the medical instruments supplier’s stock worth $2,338,000 after buying an additional 572 shares in the last quarter. Federated Investors Inc. PA boosted its position in shares of Mettler-Toledo International by 3,722.1% in the second quarter. Federated Investors Inc. PA now owns 18,690 shares of the medical instruments supplier’s stock worth $11,000,000 after buying an additional 18,201 shares in the last quarter. Tocqueville Asset Management L.P. boosted its position in shares of Mettler-Toledo International by 40.4% in the second quarter. Tocqueville Asset Management L.P. now owns 702 shares of the medical instruments supplier’s stock worth $413,000 after buying an additional 202 shares in the last quarter. Cadence Capital Management LLC boosted its position in shares of Mettler-Toledo International by 1.6% in the second quarter. Cadence Capital Management LLC now owns 2,880 shares of the medical instruments supplier’s stock worth $1,695,000 after buying an additional 45 shares in the last quarter. Finally, Columbus Circle Investors boosted its position in shares of Mettler-Toledo International by 1.1% in the second quarter. Columbus Circle Investors now owns 37,440 shares of the medical instruments supplier’s stock worth $22,035,000 after buying an additional 405 shares in the last quarter. 96.22% of the stock is currently owned by hedge funds and other institutional investors.

Several research firms recently commented on MTD. BidaskClub cut Mettler-Toledo International from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 31st. Jefferies Group LLC reissued a “hold” rating and set a $550.00 target price on shares of Mettler-Toledo International in a research note on Thursday, July 27th. Morgan Stanley reissued an “equal weight” rating and set a $565.00 target price (up from $533.00) on shares of Mettler-Toledo International in a research note on Saturday, July 22nd. Zacks Investment Research raised Mettler-Toledo International from a “hold” rating to a “buy” rating and set a $684.00 target price for the company in a research note on Friday, July 21st. Finally, Wells Fargo & Company raised Mettler-Toledo International from a “market perform” rating to an “outperform” rating in a research note on Wednesday, July 12th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $569.80.

Mettler-Toledo International Company Profile

Mettler-Toledo International Inc is a supplier of precision instruments and services. The Company operates through five segments: U.S. Operations, Swiss Operations, Western European Operations, Chinese Operations and Other. The Company manufactures weighing instruments for use in laboratory, industrial, packaging, logistics and food retailing applications.

Insider Buying and Selling by Quarter for Mettler-Toledo International (NYSE:MTD)

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