Mettler-Toledo International, Inc. (NYSE:MTD) insider William P. Donnelly sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 14th. The shares were sold at an average price of $630.02, for a total value of $6,300,200.00. The transaction was disclosed in a filing with the SEC, which is available through this link.
Mettler-Toledo International, Inc. (NYSE MTD) traded up $5.31 on Friday, reaching $630.50. The company had a trading volume of 137,100 shares, compared to its average volume of 158,736. Mettler-Toledo International, Inc. has a one year low of $407.87 and a one year high of $694.48. The company has a current ratio of 1.51, a quick ratio of 1.11 and a debt-to-equity ratio of 2.05. The stock has a market cap of $16,080.00, a PE ratio of 36.99, a P/E/G ratio of 2.86 and a beta of 1.13.
Mettler-Toledo International (NYSE:MTD) last posted its quarterly earnings data on Thursday, November 2nd. The medical instruments supplier reported $4.36 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $4.32 by $0.04. Mettler-Toledo International had a return on equity of 96.81% and a net margin of 16.44%. The company had revenue of $698.80 million during the quarter, compared to analysts’ expectations of $685.56 million. During the same quarter in the previous year, the business earned $3.89 EPS. Mettler-Toledo International’s revenue was up 7.4% compared to the same quarter last year. sell-side analysts anticipate that Mettler-Toledo International, Inc. will post 17.52 EPS for the current fiscal year.
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A number of institutional investors and hedge funds have recently bought and sold shares of the stock. IFM Investors Pty Ltd purchased a new position in Mettler-Toledo International during the 3rd quarter valued at $237,000. California Public Employees Retirement System boosted its holdings in Mettler-Toledo International by 6.3% during the 3rd quarter. California Public Employees Retirement System now owns 75,445 shares of the medical instruments supplier’s stock valued at $47,241,000 after acquiring an additional 4,445 shares during the period. Ladenburg Thalmann Financial Services Inc. lifted its holdings in shares of Mettler-Toledo International by 38.8% in the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 633 shares of the medical instruments supplier’s stock worth $396,000 after buying an additional 177 shares during the period. Cubist Systematic Strategies LLC lifted its holdings in shares of Mettler-Toledo International by 41.0% in the 3rd quarter. Cubist Systematic Strategies LLC now owns 1,733 shares of the medical instruments supplier’s stock worth $1,085,000 after buying an additional 504 shares during the period. Finally, Zions Bancorporation lifted its holdings in shares of Mettler-Toledo International by 7,716.7% in the 3rd quarter. Zions Bancorporation now owns 469 shares of the medical instruments supplier’s stock worth $294,000 after buying an additional 463 shares during the period. Institutional investors own 93.52% of the company’s stock.
MTD has been the topic of several analyst reports. Zacks Investment Research raised Mettler-Toledo International from a “hold” rating to a “buy” rating and set a $684.00 target price on the stock in a research report on Friday, July 21st. Morgan Stanley reissued an “equal weight” rating and set a $565.00 target price (up previously from $533.00) on shares of Mettler-Toledo International in a research report on Saturday, July 22nd. Jefferies Group LLC reissued a “hold” rating and set a $550.00 target price on shares of Mettler-Toledo International in a research report on Thursday, July 27th. BidaskClub downgraded Mettler-Toledo International from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 31st. Finally, The Goldman Sachs Group, Inc. reissued a “buy” rating and set a $690.00 target price on shares of Mettler-Toledo International in a research report on Tuesday, September 26th. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $621.57.
Mettler-Toledo International Company Profile
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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