Mettler-Toledo International Inc. (NYSE:MTD) insider William P. Donnelly sold 3,816 shares of the company’s stock in a transaction dated Wednesday, November 28th. The shares were sold at an average price of $606.44, for a total transaction of $2,314,175.04. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Shares of Mettler-Toledo International stock traded up $9.01 during mid-day trading on Thursday, hitting $630.92. The stock had a trading volume of 118,117 shares, compared to its average volume of 183,360. Mettler-Toledo International Inc. has a 12-month low of $521.79 and a 12-month high of $697.26. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.39 and a quick ratio of 1.00. The stock has a market cap of $15.17 billion, a price-to-earnings ratio of 35.91, a price-to-earnings-growth ratio of 2.35 and a beta of 1.15.
Mettler-Toledo International (NYSE:MTD) last posted its quarterly earnings results on Thursday, November 8th. The medical instruments supplier reported $5.12 earnings per share for the quarter, beating the consensus estimate of $4.99 by $0.13. Mettler-Toledo International had a net margin of 14.10% and a return on equity of 93.15%. The business had revenue of $734.85 million during the quarter, compared to analysts’ expectations of $738.23 million. During the same quarter in the prior year, the company posted $4.36 EPS. The business’s revenue for the quarter was up 5.2% on a year-over-year basis. Equities analysts expect that Mettler-Toledo International Inc. will post 20.23 earnings per share for the current fiscal year.
Several institutional investors have recently bought and sold shares of MTD. Cornerstone Advisors Inc. lifted its holdings in shares of Mettler-Toledo International by 7,233.3% in the 2nd quarter. Cornerstone Advisors Inc. now owns 220 shares of the medical instruments supplier’s stock worth $127,000 after acquiring an additional 217 shares during the last quarter. BNP Paribas Arbitrage SA lifted its holdings in shares of Mettler-Toledo International by 5.2% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 12,953 shares of the medical instruments supplier’s stock worth $7,495,000 after acquiring an additional 641 shares during the last quarter. Piedmont Investment Advisors LLC acquired a new position in shares of Mettler-Toledo International in the 2nd quarter worth approximately $167,000. Massachusetts Financial Services Co. MA lifted its holdings in shares of Mettler-Toledo International by 0.5% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 552,453 shares of the medical instruments supplier’s stock worth $319,666,000 after acquiring an additional 2,722 shares during the last quarter. Finally, Dupont Capital Management Corp acquired a new position in shares of Mettler-Toledo International in the 2nd quarter worth approximately $4,275,000. 93.64% of the stock is owned by institutional investors and hedge funds.
Several analysts recently issued reports on the stock. ValuEngine raised shares of Mettler-Toledo International from a “hold” rating to a “buy” rating in a research note on Friday, November 16th. Zacks Investment Research cut shares of Mettler-Toledo International from a “buy” rating to a “hold” rating in a research note on Tuesday, October 16th. Morgan Stanley increased their price target on shares of Mettler-Toledo International from $529.00 to $572.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 10th. Finally, UBS Group began coverage on shares of Mettler-Toledo International in a research note on Tuesday, October 9th. They issued a “neutral” rating and a $625.00 price target for the company. Ten analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $624.00.
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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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