Insider Selling: Mettler-Toledo International Inc. (NYSE:MTD) Director Sells $10,759,360.00 in Stock

Mettler-Toledo International Inc. (NYSE:MTDGet Rating) Director Olivier A. Filliol sold 8,000 shares of the stock in a transaction that occurred on Tuesday, August 2nd. The shares were sold at an average price of $1,344.92, for a total value of $10,759,360.00. Following the sale, the director now directly owns 8,309 shares of the company’s stock, valued at approximately $11,174,940.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Mettler-Toledo International Price Performance

MTD opened at $1,347.72 on Friday. The stock has a fifty day simple moving average of $1,215.14 and a two-hundred day simple moving average of $1,310.58. The company has a current ratio of 1.18, a quick ratio of 0.77 and a debt-to-equity ratio of 250.82. The company has a market cap of $30.33 billion, a price-to-earnings ratio of 37.97, a price-to-earnings-growth ratio of 3.35 and a beta of 1.12. Mettler-Toledo International Inc. has a 12-month low of $1,082.78 and a 12-month high of $1,714.75.

Mettler-Toledo International (NYSE:MTDGet Rating) last posted its quarterly earnings data on Friday, July 29th. The medical instruments supplier reported $9.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $8.78 by $0.61. The business had revenue of $978.39 million during the quarter, compared to the consensus estimate of $951.81 million. Mettler-Toledo International had a return on equity of 799.34% and a net margin of 21.23%. The firm’s quarterly revenue was up 5.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $8.10 earnings per share. Research analysts predict that Mettler-Toledo International Inc. will post 38.96 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Mettler-Toledo International

A number of institutional investors have recently added to or reduced their stakes in MTD. Rockbridge Investment Management LCC bought a new position in Mettler-Toledo International in the fourth quarter worth $25,000. Bartlett & Co. LLC purchased a new stake in shares of Mettler-Toledo International in the second quarter worth $25,000. Allworth Financial LP purchased a new stake in shares of Mettler-Toledo International in the second quarter worth $29,000. Glassman Wealth Services grew its stake in shares of Mettler-Toledo International by 57.9% in the fourth quarter. Glassman Wealth Services now owns 30 shares of the medical instruments supplier’s stock worth $51,000 after acquiring an additional 11 shares during the last quarter. Finally, Crewe Advisors LLC purchased a new stake in shares of Mettler-Toledo International in the second quarter worth $52,000. Institutional investors own 93.88% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on MTD. TheStreet lowered Mettler-Toledo International from a “b” rating to a “c+” rating in a research note on Thursday, July 28th. UBS Group initiated coverage on Mettler-Toledo International in a research note on Wednesday, July 20th. They set a “neutral” rating and a $1,237.00 price objective for the company. Robert W. Baird upped their target price on Mettler-Toledo International from $1,369.00 to $1,406.00 and gave the company a “neutral” rating in a report on Monday, August 1st. Wells Fargo & Company upgraded Mettler-Toledo International from an “equal weight” rating to an “overweight” rating and decreased their target price for the company from $1,600.00 to $1,410.00 in a report on Monday, April 25th. Finally, The Goldman Sachs Group decreased their target price on Mettler-Toledo International from $1,280.00 to $1,140.00 and set a “sell” rating for the company in a report on Thursday, July 14th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $1,298.25.

Mettler-Toledo International Company Profile

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Mettler-Toledo International Inc engages in the manufacture and supply of precision instruments and services worldwide. It operates in five segments: U.S. Operations, Swiss Operations, Western European Operations, Chinese Operations, and Other. The company's laboratory instruments include laboratory balances, liquid pipetting solutions, automated laboratory reactors, titrators, pH meters, process analytics sensors and analyzer technologies, physical value analyzers, thermal analysis systems, and other analytical instruments; and LabX, a laboratory software platform to manage and analyze data generated from its instruments.

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Insider Buying and Selling by Quarter for Mettler-Toledo International (NYSE:MTD)

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