Mettler-Toledo International, Inc. (NYSE:MTD) insider Oliver A. Filliol sold 15,000 shares of the company’s stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $631.51, for a total value of $9,472,650.00. Following the transaction, the insider now owns 31,279 shares in the company, valued at $19,753,001.29. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Mettler-Toledo International, Inc. (NYSE:MTD) traded up $3.73 during midday trading on Wednesday, hitting $615.98. The stock had a trading volume of 92,601 shares, compared to its average volume of 156,630. Mettler-Toledo International, Inc. has a twelve month low of $408.65 and a twelve month high of $694.48. The company has a debt-to-equity ratio of 2.05, a quick ratio of 1.11 and a current ratio of 1.51. The firm has a market capitalization of $15,521.41, a PE ratio of 35.90, a P/E/G ratio of 2.77 and a beta of 1.09.
Mettler-Toledo International (NYSE:MTD) last posted its quarterly earnings results on Thursday, November 2nd. The medical instruments supplier reported $4.36 earnings per share 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 for the quarter, compared to analysts’ expectations of $685.56 million. During the same period last year, the firm earned $3.89 earnings per share. Mettler-Toledo International’s quarterly revenue was up 7.4% on a year-over-year basis. sell-side analysts expect that Mettler-Toledo International, Inc. will post 17.52 earnings per share for the current fiscal year.
A number of research analysts have commented on MTD shares. Zacks Investment Research cut Mettler-Toledo International from a “buy” rating to a “hold” rating in a research note on Wednesday, September 13th. Goldman Sachs Group reiterated a “buy” rating and issued a $690.00 price objective on shares of Mettler-Toledo International in a research note on Tuesday, September 26th. Morgan Stanley increased their price objective on Mettler-Toledo International from $535.00 to $545.00 and gave the company an “equal weight” rating in a research note on Friday, November 3rd. Robert W. Baird increased their price objective on Mettler-Toledo International from $605.00 to $675.00 and gave the company a “neutral” rating in a research note on Friday, November 3rd. Finally, Jefferies Group reiterated a “hold” rating and issued a $600.00 price objective on shares of Mettler-Toledo International in a research note on Friday, October 20th. Five equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $621.57.
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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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