Mettler-Toledo International, Inc. (MTD) Insider Sells $2,972,701.26 in Stock

Mettler-Toledo International, Inc. (NYSE:MTD) insider Simon Kirk sold 4,726 shares of the stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $629.01, for a total value of $2,972,701.26. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Simon Kirk also recently made the following trade(s):

  • On Wednesday, September 6th, Simon Kirk sold 838 shares of Mettler-Toledo International stock. The shares were sold at an average price of $605.65, for a total value of $507,534.70.

Shares of Mettler-Toledo International, Inc. (NYSE MTD) traded down $4.57 on Friday, reaching $624.64. The company had a trading volume of 165,902 shares, compared to its average volume of 156,600. Mettler-Toledo International, Inc. has a 1 year low of $408.12 and a 1 year high of $694.48. The company has a quick ratio of 1.11, a current ratio of 1.51 and a debt-to-equity ratio of 2.05. The company has a market capitalization of $16,220.74, a price-to-earnings ratio of 37.52, a price-to-earnings-growth ratio of 2.90 and a beta of 1.13.

Mettler-Toledo International (NYSE:MTD) last released its quarterly earnings data on Thursday, November 2nd. The medical instruments supplier reported $4.36 earnings per share for the quarter, beating the consensus estimate of $4.32 by $0.04. Mettler-Toledo International had a return on equity of 96.81% and a net margin of 16.44%. The company had revenue of $698.80 million for the quarter, compared to analyst estimates of $685.56 million. During the same period in the prior year, the company posted $3.89 EPS. The company’s revenue was up 7.4% compared to the same quarter last year. equities research analysts expect that Mettler-Toledo International, Inc. will post 17.52 earnings per share for the current fiscal year.

A number of brokerages have weighed in on MTD. Jefferies Group restated a “hold” rating and set a $600.00 price objective on shares of Mettler-Toledo International in a research note on Friday, October 20th. Bank of America raised their price target on Mettler-Toledo International from $640.00 to $710.00 and gave the stock a “buy” rating in a report on Monday, October 9th. Morgan Stanley raised their price target on Mettler-Toledo International from $535.00 to $545.00 and gave the stock an “equal weight” rating in a report on Friday, November 3rd. Robert W. Baird lifted their target price on Mettler-Toledo International from $605.00 to $675.00 and gave the company a “neutral” rating in a research note on Friday, November 3rd. Finally, Zacks Investment Research raised Mettler-Toledo International from a “hold” rating to a “buy” rating and set a $711.00 price objective on the stock in a research note on Thursday, September 21st. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $621.57.

Several hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in shares of Mettler-Toledo International by 2.9% in the 2nd quarter. Vanguard Group Inc. now owns 2,621,389 shares of the medical instruments supplier’s stock valued at $1,542,792,000 after purchasing an additional 74,156 shares during the period. BlackRock Inc. grew its stake in shares of Mettler-Toledo International by 6.4% in the 2nd quarter. BlackRock Inc. now owns 1,860,178 shares of the medical instruments supplier’s stock valued at $1,094,791,000 after purchasing an additional 112,029 shares during the period. Koch Industries Inc. grew its stake in shares of Mettler-Toledo International by 96,281.2% in the 2nd quarter. Koch Industries Inc. now owns 696,836 shares of the medical instruments supplier’s stock valued at $696,000 after purchasing an additional 696,113 shares during the period. Baillie Gifford & Co. grew its position in Mettler-Toledo International by 4.9% during the 2nd quarter. Baillie Gifford & Co. now owns 671,210 shares of the medical instruments supplier’s stock worth $395,033,000 after acquiring an additional 31,597 shares during the last quarter. Finally, Fiera Capital Corp grew its position in Mettler-Toledo International by 10.2% during the 2nd quarter. Fiera Capital Corp now owns 642,431 shares of the medical instruments supplier’s stock worth $378,096,000 after acquiring an additional 59,513 shares during the last quarter. Institutional investors own 91.74% of the company’s stock.

ILLEGAL ACTIVITY WARNING: This piece of content was first reported by American Banking News and is owned by of American Banking News. If you are reading this piece of content on another domain, it was illegally copied and reposted in violation of United States & international copyright legislation. The correct version of this piece of content can be read at https://www.americanbankingnews.com/2017/12/01/mettler-toledo-international-inc-mtd-insider-sells-2972701-26-in-stock.html.

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)

Receive News & Ratings for Mettler-Toledo International Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mettler-Toledo International Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply