Mettler-Toledo International (NYSE:MTD) will be releasing its earnings data after the market closes on Thursday, November 8th. Analysts expect Mettler-Toledo International to post earnings of $4.99 per share for the quarter.
Shares of NYSE MTD opened at $546.82 on Thursday. The company has a market capitalization of $13.50 billion, a price-to-earnings ratio of 31.12, a PEG ratio of 2.14 and a beta of 1.08. The company has a debt-to-equity ratio of 1.92, a quick ratio of 1.06 and a current ratio of 1.46. Mettler-Toledo International has a 52-week low of $521.79 and a 52-week high of $697.26.
A number of research firms have recently weighed in on MTD. Morgan Stanley cut their price objective on Mettler-Toledo International from $540.00 to $529.00 and set an “equal weight” rating on the stock in a research report on Friday, July 27th. Zacks Investment Research raised Mettler-Toledo International from a “sell” rating to a “hold” rating in a research report on Monday, July 30th. JPMorgan Chase & Co. upped their price objective on Mettler-Toledo International from $550.00 to $600.00 and gave the stock a “neutral” rating in a research report on Friday, July 27th. Finally, UBS Group began coverage on Mettler-Toledo International in a research report on Tuesday, October 9th. They set a “neutral” rating and a $625.00 price objective on the stock. Ten research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $624.00.
In related news, insider La Guerroniere Marc De sold 4,609 shares of the stock in a transaction on Thursday, August 30th. The stock was sold at an average price of $580.37, for a total value of $2,674,925.33. Following the transaction, the insider now owns 4,609 shares of the company’s stock, valued at $2,674,925.33. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider William P. Donnelly sold 2,873 shares of the stock in a transaction on Thursday, September 6th. The shares were sold at an average price of $586.78, for a total value of $1,685,818.94. Following the completion of the transaction, the insider now directly owns 3,000 shares in the company, valued at approximately $1,760,340. The disclosure for this sale can be found here. Insiders have sold 18,358 shares of company stock worth $10,744,204 in the last ninety days. Corporate insiders own 4.80% of the company’s stock.
About Mettler-Toledo International
Mettler-Toledo International Inc manufactures and supplies precision instruments and services worldwide. The company operates in five segments: U.S. Operations, Swiss Operations, Western European Operations, Chinese Operations, and Other. It offers weighing instruments for laboratory, industrial, packaging, logistics, and food retailing applications; analytical instruments for use in life science; various related analytical instruments and provides automated chemistry solutions used in drug and chemical compound discovery and development; and end-of-line product inspection systems used in production and packaging for food processing and packaging, pharmaceutical, packaged consumer goods, and other industries.
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