Mettler-Toledo International, Inc. (NYSE:MTD) updated its fourth quarter earnings guidance on Thursday. The company provided earnings per share guidance of $5.90 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $5.89. Mettler-Toledo International also updated its FY18 guidance to $19.65-19.85 EPS.

Several brokerages have recently weighed in on MTD. 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. Morgan Stanley restated an equal weight rating and issued 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 downgraded shares of Mettler-Toledo International from a buy rating to a hold rating in a research note on Wednesday, September 13th. BidaskClub upgraded shares of Mettler-Toledo International from a hold rating to a buy rating in a research note on Monday, August 14th. Finally, Goldman Sachs Group, Inc. (The) restated a buy rating and issued a $690.00 target price on shares of Mettler-Toledo International in a research note on Tuesday, September 26th. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Mettler-Toledo International currently has a consensus rating of Buy and an average target price of $611.00.

In related news, insider Christian Magloth sold 750 shares of the business’s stock in a transaction that occurred on Thursday, August 24th. The stock was sold at an average price of $590.00, for a total value of $442,500.00. Following the completion of the transaction, the insider now directly owns 750 shares in the company, valued at approximately $442,500. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Thomas P. Salice sold 890 shares of the business’s stock in a transaction that occurred on Thursday, September 7th. The shares were sold at an average price of $611.00, for a total value of $543,790.00. Following the completion of the transaction, the director now owns 62,437 shares of the company’s stock, valued at $38,149,007. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 24,511 shares of company stock valued at $14,509,492. 5.20% of the stock is currently owned by company insiders.

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About Mettler-Toledo International

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.

Earnings History and Estimates for Mettler-Toledo International (NYSE:MTD)

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