Mettler-Toledo International Inc. (MTD) Sees Unusually-High Trading Volume
Shares of Mettler-Toledo International Inc. (NYSE:MTD) saw unusually-high trading volume on Friday . Approximately 228,259 shares changed hands during trading, an increase of 32% from the previous session’s volume of 173,159 shares.The stock last traded at $404.61 and had previously closed at $404.72.
MTD has been the subject of a number of analyst reports. Bank of America Corp. raised Mettler-Toledo International from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $404.33 to $470.00 in a report on Wednesday. Zacks Investment Research raised Mettler-Toledo International from a “hold” rating to a “buy” rating and set a $431.00 price objective for the company in a report on Friday, July 22nd. Morgan Stanley reissued a “hold” rating on shares of Mettler-Toledo International in a report on Sunday, May 8th. JPMorgan Chase & Co. lifted their price objective on Mettler-Toledo International from $350.00 to $400.00 and gave the company a “neutral” rating in a report on Friday, July 29th. Finally, Citigroup Inc. cut Mettler-Toledo International from a “buy” rating to a “neutral” rating and lifted their price objective for the company from $382.00 to $400.00 in a report on Thursday, June 23rd. Eight research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Mettler-Toledo International currently has an average rating of “Hold” and a consensus target price of $378.38.
The stock has a market capitalization of $10.64 billion and a PE ratio of 31.01. The company has a 50 day moving average price of $399.25 and a 200 day moving average price of $366.52.
Mettler-Toledo International (NYSE:MTD) last issued its quarterly earnings data on Thursday, July 28th. The company reported $3.22 EPS for the quarter, beating analysts’ consensus estimates of $3.13 by $0.09. During the same period in the prior year, the company earned $2.80 earnings per share. The firm earned $608.28 million during the quarter, compared to analyst estimates of $598.20 million. The business’s quarterly revenue was up 4.5% compared to the same quarter last year. Equities research analysts anticipate that Mettler-Toledo International Inc. will post $14.45 EPS for the current year.
In other news, Director Thomas P. Salice sold 460 shares of the stock in a transaction on Monday, August 1st. The stock was sold at an average price of $414.03, for a total transaction of $190,453.80. Following the sale, the director now directly owns 32,578 shares of the company’s stock, valued at approximately $13,488,269.34. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Wah-Hui Chu sold 1,000 shares of the stock in a transaction on Thursday, June 9th. The stock was sold at an average price of $384.00, for a total value of $384,000.00. Following the sale, the director now directly owns 3,684 shares in the company, valued at $1,414,656. The disclosure for this sale can be found here.
Mettler-Toledo International Inc is a supplier of precision instruments and services. The Company is a provider of weighing instruments for use in laboratory, industrial and food retailing applications. The Company is also a provider of analytical instruments for use in life science, reaction engineering and real-time analytic systems used in drug and chemical compound development and process analytics instruments used for in-line measurement in production processes.
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