Mettler-Toledo International (NYSE:MTD) Stock: Insider Gerry Keller Sells 435 Shares

Mettler-Toledo International, Inc. (NYSE:MTD) insider Gerry Keller sold 435 shares of Mettler-Toledo International stock in a transaction that occurred on Monday, November 9th. The stock was sold at an average price of $1,734.05, for a total value of $754,311.75. Following the completion of the transaction, the insider directly owned 259 shares in the company, valued at approximately $449,118.95. This represents a 62.68% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Mettler-Toledo International Stock Performance

NYSE:MTD opened at $1,750.03 on Thursday. The company has a market capitalization of $34.81 billion, a PE ratio of 37.83, a P/E/G ratio of 3.49 and a beta of 1.16. The company has a 50 day simple moving average of $1,546.33 and a two-hundred day simple moving average of $1,350.82. The company has a debt-to-equity ratio of 25.28, a quick ratio of 0.75 and a current ratio of 1.10. Mettler-Toledo International, Inc. has a fifty-two week low of $1,023.05 and a fifty-two week high of $1,806.58.

Mettler-Toledo International (NYSE:MTD) last released its quarterly earnings results on Thursday, November 5th. The medical instruments supplier reported $12.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $12.13 by $0.44. Mettler-Toledo International had a net margin of 22.25% and a return on equity of 15,012.71%. The firm had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.07 billion. During the same quarter last year, the business earned $11.15 EPS. The company’s revenue was up 6.3% compared to the same quarter last year. Research analysts anticipate that Mettler-Toledo International, Inc. will post 47.83 earnings per share for the current year.

Institutional Trading of Mettler-Toledo International

Several hedge funds have recently modified their holdings of the stock. Edmond DE Rothschild Holding S.A. acquired a new position in Mettler-Toledo International during the 2nd quarter worth approximately $26,000. Transamerica Financial Advisors LLC bought a new stake in shares of Mettler-Toledo International during the second quarter valued at approximately $32,000. Provenance Wealth Advisors LLC bought a new stake in shares of Mettler-Toledo International during the third quarter valued at approximately $54,000. Principia Wealth Advisory LLC grew its position in Mettler-Toledo International by 2,050.0% in the 2nd quarter. Principia Wealth Advisory LLC now owns 43 shares of the medical instruments supplier’s stock valued at $55,000 after purchasing an additional 41 shares during the period. Finally, Root Financial Partners LLC acquired a new position in Mettler-Toledo International during the third quarter worth $56,000. Institutional investors own 95.07% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on MTD. Barclays boosted their target price on shares of Mettler-Toledo International from $1,700.00 to $1,900.00 and gave the company an “overweight” rating in a report on Monday. Robert W. Baird increased their price target on Mettler-Toledo International from $1,608.00 to $1,815.00 and gave the stock a “neutral” rating in a report on Monday. Wells Fargo & Company lifted their price objective on Mettler-Toledo International from $1,225.00 to $1,450.00 and gave the stock an “equal weight” rating in a research report on Monday, August 3rd. Stifel Nicolaus boosted their price objective on Mettler-Toledo International from $1,600.00 to $1,900.00 and gave the company a “buy” rating in a research note on Monday. Finally, UBS Group started coverage on Mettler-Toledo International in a research report on Wednesday, September 9th. They set a “neutral” rating and a $1,460.00 target price on the stock. Six investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Mettler-Toledo International currently has a consensus rating of “Hold” and an average target price of $1,595.77.

Mettler-Toledo International Company Profile

Mettler-Toledo International develops and manufactures precision instruments and systems used in laboratory, industrial, and retail settings. Its products include laboratory balances and analytical instruments, industrial scales and weighing systems, and equipment for measuring and monitoring production processes. The company also supplies product-inspection systems, including checkweighers, metal detectors, and X-ray inspection equipment, along with related software, installation, maintenance, and calibration services.