Mettler-Toledo International, Inc. (NYSE:MTD) insider Thomas Caratsch sold 1,350 shares of Mettler-Toledo International stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $578.00, for a total value of $780,300.00. Following the completion of the transaction, the insider now owns 870 shares in the company, valued at approximately $502,860. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Thomas Caratsch also recently made the following trade(s):
- On Monday, August 14th, Thomas Caratsch sold 3,000 shares of Mettler-Toledo International stock. The shares were sold at an average price of $582.03, for a total value of $1,746,090.00.
- On Monday, August 7th, Thomas Caratsch sold 150 shares of Mettler-Toledo International stock. The shares were sold at an average price of $578.00, for a total value of $86,700.00.
- On Monday, May 15th, Thomas Caratsch sold 2,000 shares of Mettler-Toledo International stock. The shares were sold at an average price of $557.00, for a total value of $1,114,000.00.
Shares of Mettler-Toledo International, Inc. (MTD) traded down 1.10% during midday trading on Thursday, reaching $578.50. 33,102 shares of the company’s stock were exchanged. The firm has a market cap of $14.85 billion, a PE ratio of 35.57 and a beta of 1.13. Mettler-Toledo International, Inc. has a one year low of $386.01 and a one year high of $618.13. The stock’s 50-day moving average is $590.14 and its 200 day moving average is $533.38.
Mettler-Toledo International (NYSE:MTD) last posted its quarterly earnings data on Thursday, July 27th. The medical instruments supplier reported $3.92 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $3.89 by $0.03. Mettler-Toledo International had a net margin of 16.60% and a return on equity of 95.28%. The business had revenue of $653.70 million during the quarter, compared to the consensus estimate of $646.68 million. During the same period in the previous year, the firm posted $3.22 earnings per share. The business’s revenue for the quarter was up 7.5% compared to the same quarter last year. Analysts anticipate that Mettler-Toledo International, Inc. will post $16.89 EPS for the current year.
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Several large investors have recently bought and sold shares of MTD. BlackRock Inc. increased its stake in Mettler-Toledo International by 1,735.6% in the first quarter. BlackRock Inc. now owns 1,748,149 shares of the medical instruments supplier’s stock valued at $837,207,000 after buying an additional 1,652,915 shares during the last quarter. Koch Industries Inc. increased its stake in Mettler-Toledo International by 96,281.2% in the second quarter. Koch Industries Inc. now owns 696,836 shares of the medical instruments supplier’s stock valued at $696,000 after buying an additional 696,113 shares during the last quarter. Janus Henderson Group PLC increased its stake in Mettler-Toledo International by 5,926.9% in the second quarter. Janus Henderson Group PLC now owns 202,927 shares of the medical instruments supplier’s stock valued at $119,430,000 after buying an additional 199,560 shares during the last quarter. Parametric Portfolio Associates LLC increased its stake in Mettler-Toledo International by 253.5% in the second quarter. Parametric Portfolio Associates LLC now owns 201,137 shares of the medical instruments supplier’s stock valued at $118,377,000 after buying an additional 144,245 shares during the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. bought a new stake in Mettler-Toledo International during the second quarter valued at approximately $71,233,000. Institutional investors and hedge funds own 95.23% of the company’s stock.
Several analysts have weighed in on the company. BidaskClub raised Mettler-Toledo International from a “hold” rating to a “buy” rating in a research report on Monday. Jefferies Group LLC reaffirmed a “hold” rating and set a $550.00 price objective on shares of Mettler-Toledo International in a research report on Thursday, July 27th. Morgan Stanley reissued an “equal weight” rating and issued a $565.00 price target (up from $533.00) on shares of Mettler-Toledo International in a research report on Saturday, July 22nd. Zacks Investment Research raised Mettler-Toledo International from a “hold” rating to a “buy” rating and set a $684.00 price target on the stock in a research report on Friday, July 21st. Finally, Wells Fargo & Company raised Mettler-Toledo International from a “market perform” rating to an “outperform” rating in a research report on Wednesday, July 12th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $569.80.
About Mettler-Toledo International
Mettler-Toledo International Inc is a supplier of precision instruments and services. The Company operates through five segments: U.S. Operations, Swiss Operations, Western European Operations, Chinese Operations and Other. The Company manufactures weighing instruments for use in laboratory, industrial, packaging, logistics and food retailing applications.
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