Mettler-Toledo International Inc. (MTD) Director Sells $1,563,150.00 in Stock

Mettler-Toledo International Inc. (NYSE:MTD) Director Robert F. Spoerry sold 2,500 shares of Mettler-Toledo International stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $625.26, for a total value of $1,563,150.00. Following the completion of the transaction, the director now directly owns 7,295 shares in the company, valued at $4,561,271.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Mettler-Toledo International Inc. (MTD) opened at $634.37 on Monday. Mettler-Toledo International Inc. has a 12 month low of $464.30 and a 12 month high of $697.26. The company has a quick ratio of 1.09, a current ratio of 1.46 and a debt-to-equity ratio of 1.75. The stock has a market capitalization of $16,159.31, a P/E ratio of 44.55, a price-to-earnings-growth ratio of 2.63 and a beta of 1.08.

Mettler-Toledo International (NYSE:MTD) last issued its quarterly earnings results on Thursday, February 8th. The medical instruments supplier reported $5.97 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $5.93 by $0.04. Mettler-Toledo International had a return on equity of 94.54% and a net margin of 13.80%. The firm had revenue of $778.03 million for the quarter, compared to analyst estimates of $764.26 million. During the same period in the previous year, the firm earned $5.28 earnings per share. The company’s revenue was up 9.6% compared to the same quarter last year. equities research analysts anticipate that Mettler-Toledo International Inc. will post 20.15 EPS for the current year.

Institutional investors and hedge funds have recently modified their holdings of the business. Janus Henderson Group PLC lifted its stake in Mettler-Toledo International by 20.2% in the third quarter. Janus Henderson Group PLC now owns 243,920 shares of the medical instruments supplier’s stock valued at $152,732,000 after buying an additional 40,993 shares during the period. IFM Investors Pty Ltd lifted its stake in Mettler-Toledo International by 44.1% in the fourth quarter. IFM Investors Pty Ltd now owns 546 shares of the medical instruments supplier’s stock valued at $338,000 after buying an additional 167 shares during the period. Page Arthur B acquired a new position in Mettler-Toledo International in the third quarter valued at approximately $848,000. Canada Pension Plan Investment Board lifted its stake in Mettler-Toledo International by 260.3% in the third quarter. Canada Pension Plan Investment Board now owns 45,500 shares of the medical instruments supplier’s stock valued at $28,490,000 after buying an additional 32,873 shares during the period. Finally, California Public Employees Retirement System lifted its stake in Mettler-Toledo International by 6.3% in the third quarter. California Public Employees Retirement System now owns 75,445 shares of the medical instruments supplier’s stock valued at $47,241,000 after buying an additional 4,445 shares during the period. 91.79% of the stock is currently owned by hedge funds and other institutional investors.

A number of research firms recently commented on MTD. Morgan Stanley lifted their price objective on Mettler-Toledo International from $550.00 to $580.00 and gave the stock an “equal weight” rating in a research note on Friday, February 9th. Robert W. Baird cut their price objective on Mettler-Toledo International from $675.00 to $630.00 and set a “neutral” rating on the stock in a research note on Friday, February 9th. Citigroup raised Mettler-Toledo International from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $685.00 to $692.00 in a research note on Friday, February 9th. Zacks Investment Research lowered Mettler-Toledo International from a “buy” rating to a “hold” rating in a research note on Tuesday, November 7th. Finally, Evercore ISI began coverage on Mettler-Toledo International in a research note on Wednesday, January 3rd. They issued an “in-line” rating and a $625.00 price objective on the stock. Six analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Mettler-Toledo International has an average rating of “Buy” and a consensus target price of $651.44.

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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.

Insider Buying and Selling by Quarter for Mettler-Toledo International (NYSE:MTD)

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