Mettler-Toledo International (NYSE:MTD) Insider Sells $342,513.60 in Stock

Mettler-Toledo International, Inc. (NYSE:MTD) insider Gerry Keller sold 240 shares of the firm’s stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $1,427.14, for a total transaction of $342,513.60. Following the sale, the insider directly owned 259 shares in the company, valued at $369,629.26. This represents a 48.10% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Mettler-Toledo International Stock Performance

Shares of NYSE MTD opened at $1,429.14 on Friday. The company has a 50-day simple moving average of $1,267.38 and a 200-day simple moving average of $1,274.21. The company has a debt-to-equity ratio of 159.45, a current ratio of 1.12 and a quick ratio of 0.78. The company has a market cap of $28.64 billion, a PE ratio of 32.17, a price-to-earnings-growth ratio of 2.92 and a beta of 1.23. Mettler-Toledo International, Inc. has a 12 month low of $1,023.05 and a 12 month high of $1,525.17.

Mettler-Toledo International (NYSE:MTD) last announced its quarterly earnings data on Friday, July 31st. The medical instruments supplier reported $11.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $10.78 by $0.68. Mettler-Toledo International had a net margin of 21.91% and a negative return on equity of 1,212.14%. The business had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $1.03 billion. During the same quarter in the prior year, the firm posted $10.09 earnings per share. The company’s quarterly revenue was up 4.5% compared to the same quarter last year. On average, equities analysts anticipate that Mettler-Toledo International, Inc. will post 47.35 earnings per share for the current year.

Hedge Funds Weigh In On Mettler-Toledo International

Institutional investors and hedge funds have recently bought and sold shares of the stock. BlackRock Inc. purchased a new stake in Mettler-Toledo International during the 2nd quarter worth $2,404,713,000. Bank of New York Mellon Corp purchased a new position in Mettler-Toledo International in the 2nd quarter valued at about $762,553,000. Norges Bank acquired a new stake in shares of Mettler-Toledo International during the fourth quarter valued at about $520,989,000. Deutsche Bank AG acquired a new stake in shares of Mettler-Toledo International during the second quarter valued at about $168,042,000. Finally, M&T Bank Corp increased its position in shares of Mettler-Toledo International by 2,813.6% during the fourth quarter. M&T Bank Corp now owns 124,205 shares of the medical instruments supplier’s stock worth $173,165,000 after acquiring an additional 119,942 shares during the last quarter. Hedge funds and other institutional investors own 95.07% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently issued reports on MTD. Wolfe Research started coverage on Mettler-Toledo International in a report on Tuesday, June 2nd. They set a “peer perform” rating on the stock. Wells Fargo & Company upped their target price on Mettler-Toledo International from $1,225.00 to $1,450.00 and gave the company an “equal weight” rating in a research note on Monday, August 3rd. Robert W. Baird reduced their target price on Mettler-Toledo International from $1,445.00 to $1,194.00 and set a “neutral” rating on the stock in a research report on Monday, May 11th. Weiss Ratings raised Mettler-Toledo International from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday. Finally, JPMorgan Chase & Co. lowered their price target on Mettler-Toledo International from $1,413.00 to $1,200.00 and set a “neutral” rating for the company in a report on Monday, May 11th. Six equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $1,461.27.

About Mettler-Toledo International

Mettler-Toledo International Inc is a global manufacturer and distributor of precision instruments and services for laboratory, industrial and food retail applications. The company’s product portfolio includes laboratory balances and analytical instruments, industrial weighing systems, process analytics and sensors, metal detection and x-ray inspection equipment, checkweighers, and a range of automated inspection and data-management solutions. Mettler-Toledo also provides software, calibration and lifecycle services intended to support compliance, quality control and operational efficiency across customer facilities.

The company serves a broad set of end markets including pharmaceutical and biotech laboratories, chemical and food processors, logistics and manufacturing operations, and retail environments where accurate weighing and inspection are critical.