Mettler-Toledo International, Inc. (NYSE:MTD) insider Simon Kirk sold 838 shares of the stock in a transaction that occurred on Wednesday, September 6th. The shares were sold at an average price of $605.65, for a total transaction of $507,534.70. Following the transaction, the insider now directly owns 1,998 shares of the company’s stock, valued at $1,210,088.70. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Shares of Mettler-Toledo International, Inc. (NYSE:MTD) traded up 0.14% during mid-day trading on Friday, hitting $612.70. 94,019 shares of the company were exchanged. Mettler-Toledo International, Inc. has a 52 week low of $386.01 and a 52 week high of $618.13. The company has a market capitalization of $15.73 billion, a P/E ratio of 37.68 and a beta of 1.11. The company has a 50 day moving average of $589.26 and a 200 day moving average of $548.30.

Mettler-Toledo International (NYSE:MTD) last issued its quarterly earnings results on Thursday, July 27th. The medical instruments supplier reported $3.92 earnings per share for the quarter, beating the 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 business had revenue of $653.70 million for the quarter, compared to the consensus estimate of $646.68 million. During the same quarter in the previous year, the firm earned $3.22 earnings per share. The company’s revenue for the quarter was up 7.5% on a year-over-year basis. Equities analysts anticipate that Mettler-Toledo International, Inc. will post $17.33 earnings per share for the current year.

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Several hedge funds have recently added to or reduced their stakes in the company. Lord Abbett & CO. LLC lifted its holdings in shares of Mettler-Toledo International by 220.6% in the second quarter. Lord Abbett & CO. LLC now owns 70,567 shares of the medical instruments supplier’s stock worth $41,532,000 after buying an additional 48,554 shares in the last quarter. Toronto Dominion Bank lifted its holdings in shares of Mettler-Toledo International by 25.0% in the second quarter. Toronto Dominion Bank now owns 8,748 shares of the medical instruments supplier’s stock worth $5,147,000 after buying an additional 1,748 shares in the last quarter. WINTON GROUP Ltd purchased a new position in shares of Mettler-Toledo International in the second quarter worth $18,843,000. Colony Group LLC purchased a new position in shares of Mettler-Toledo International in the second quarter worth $277,000. Finally, Koch Industries Inc. lifted its holdings in shares of Mettler-Toledo International by 96,281.2% in the second quarter. Koch Industries Inc. now owns 696,836 shares of the medical instruments supplier’s stock worth $696,000 after buying an additional 696,113 shares in the last quarter. 93.14% of the stock is currently owned by hedge funds and other institutional investors.

MTD has been the subject of a number of research reports. BidaskClub raised shares of Mettler-Toledo International from a “buy” rating to a “strong-buy” rating in a research report on Thursday, June 22nd. Bank of America Corporation upped their price target on shares of Mettler-Toledo International from $590.00 to $630.00 and gave the company a “buy” rating in a research note on Wednesday, May 31st. Zacks Investment Research upgraded shares of Mettler-Toledo International from a “hold” rating to a “buy” rating and set a $664.00 price target on the stock in a research note on Thursday, June 22nd. Wells Fargo & Company upgraded shares of Mettler-Toledo International from a “market perform” rating to an “outperform” rating in a research note on Wednesday, July 12th. Finally, Jefferies Group LLC restated a “hold” rating and set a $550.00 price target on shares of Mettler-Toledo International in a research note on Tuesday, June 20th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the 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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