Mettler-Toledo International, Inc. (MTD) Updates Q4 Earnings Guidance
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.
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.
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