Simon Kirk Sells 838 Shares of Mettler-Toledo International, Inc. (MTD) Stock
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.
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