Mettler-Toledo International Inc. (NYSE:MTD) insider William P. Donnelly sold 2,500 shares of the firm’s stock in a transaction dated Monday, November 19th. The stock was sold at an average price of $598.20, for a total transaction of $1,495,500.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Shares of MTD stock opened at $591.21 on Thursday. The company has a current ratio of 1.39, a quick ratio of 1.00 and a debt-to-equity ratio of 1.86. Mettler-Toledo International Inc. has a 12 month low of $521.79 and a 12 month high of $697.26. The stock has a market cap of $14.47 billion, a price-to-earnings ratio of 33.65, a PEG ratio of 2.24 and a beta of 1.15.

Mettler-Toledo International (NYSE:MTD) last issued its earnings results on Thursday, November 8th. The medical instruments supplier reported $5.12 EPS for the quarter, topping analysts’ consensus estimates 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 company had revenue of $734.85 million for the quarter, compared to the consensus estimate of $738.23 million. During the same period in the previous year, the firm earned $4.36 earnings per share. Mettler-Toledo International’s quarterly revenue was up 5.2% compared to the same quarter last year. On average, research analysts anticipate that Mettler-Toledo International Inc. will post 20.23 EPS for the current fiscal year.

Hedge funds have recently modified their holdings of the business. Morgan Stanley raised its stake in Mettler-Toledo International by 47.9% during the second quarter. Morgan Stanley now owns 74,688 shares of the medical instruments supplier’s stock worth $43,217,000 after purchasing an additional 24,177 shares during the period. Trust Co. of Oklahoma purchased a new position in Mettler-Toledo International during the third quarter worth about $853,000. Bessemer Group Inc. raised its stake in Mettler-Toledo International by 24.7% during the second quarter. Bessemer Group Inc. now owns 3,055 shares of the medical instruments supplier’s stock worth $1,767,000 after purchasing an additional 605 shares during the period. Ontario Teachers Pension Plan Board raised its stake in Mettler-Toledo International by 65.4% during the second quarter. Ontario Teachers Pension Plan Board now owns 52,446 shares of the medical instruments supplier’s stock worth $30,347,000 after purchasing an additional 20,732 shares during the period. Finally, Schwab Charles Investment Management Inc. raised its stake in Mettler-Toledo International by 3.8% during the second quarter. Schwab Charles Investment Management Inc. now owns 95,465 shares of the medical instruments supplier’s stock worth $55,239,000 after purchasing an additional 3,525 shares during the period. 93.64% of the stock is currently owned by institutional investors.

MTD has been the topic of several research reports. Zacks Investment Research raised shares of Mettler-Toledo International from a “sell” rating to a “hold” rating in a research note on Monday, July 30th. Morgan Stanley raised their price target on shares of Mettler-Toledo International from $529.00 to $572.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 10th. ValuEngine raised shares of Mettler-Toledo International from a “hold” rating to a “buy” rating in a research note on Friday, November 16th. JPMorgan Chase & Co. raised their price target on shares of Mettler-Toledo International from $550.00 to $600.00 and gave the stock a “neutral” rating in a research note on Friday, July 27th. Finally, UBS Group initiated 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 on the stock. Ten investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price 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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