Insider Selling: Mettler-Toledo International (NYSE:MTD) Director Sells 417 Shares

Mettler-Toledo International, Inc. (NYSE:MTD) Director Thomas Salice sold 417 shares of the stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $1,440.41, for a total transaction of $600,650.97. Following the completion of the transaction, the director owned 292 shares in the company, valued at approximately $420,599.72. This trade represents a 58.82% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link.

Mettler-Toledo International Stock Performance

NYSE MTD traded up $8.96 on Friday, hitting $1,430.20. 10,160 shares of the company’s stock traded hands, compared to its average volume of 177,232. The firm’s 50-day moving average price is $1,262.44 and its two-hundred day moving average price is $1,273.12. The firm has a market capitalization of $28.66 billion, a PE ratio of 32.19, a P/E/G ratio of 2.92 and a beta of 1.23. The company has a current ratio of 1.12, a quick ratio of 0.78 and a debt-to-equity ratio of 159.45. Mettler-Toledo International, Inc. has a 1-year low of $1,023.05 and a 1-year high of $1,525.17.

Mettler-Toledo International (NYSE:MTD) last released its quarterly earnings data on Friday, July 31st. The medical instruments supplier reported $11.46 earnings per share for the quarter, topping analysts’ consensus estimates of $10.78 by $0.68. The firm had revenue of $1.03 billion for the quarter, compared to analyst estimates of $1.03 billion. Mettler-Toledo International had a net margin of 21.91% and a negative return on equity of 1,212.14%. The business’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $10.09 earnings per share. As a group, analysts expect that Mettler-Toledo International, Inc. will post 47.35 EPS for the current year.

Wall Street Analysts Forecast Growth

MTD has been the topic of a number of analyst reports. Wells Fargo & Company raised their price objective on shares of Mettler-Toledo International from $1,225.00 to $1,450.00 and gave the stock an “equal weight” rating in a research note on Monday. Wall Street Zen downgraded shares of Mettler-Toledo International from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. Barclays raised their price target on shares of Mettler-Toledo International from $1,300.00 to $1,575.00 and gave the company an “overweight” rating in a research report on Monday. JPMorgan Chase & Co. decreased their price objective on shares of Mettler-Toledo International from $1,413.00 to $1,200.00 and set a “neutral” rating for the company in a research report on Monday, May 11th. Finally, Jefferies Financial Group raised their target price on Mettler-Toledo International from $1,400.00 to $1,580.00 and gave the company a “buy” rating in a research report on Friday, July 31st. Six analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $1,461.27.

Institutional Investors Weigh In On Mettler-Toledo International

Large investors have recently bought and sold shares of the company. Whipplewood Advisors LLC acquired a new position in shares of Mettler-Toledo International during the 1st quarter worth approximately $25,000. Reflection Asset Management acquired a new stake in shares of Mettler-Toledo International in the fourth quarter valued at approximately $26,000. Elyxium Wealth LLC purchased a new position in Mettler-Toledo International during the fourth quarter worth approximately $29,000. Root Financial Partners LLC boosted its stake in Mettler-Toledo International by 45.5% during the first quarter. Root Financial Partners LLC now owns 32 shares of the medical instruments supplier’s stock worth $40,000 after buying an additional 10 shares during the last quarter. Finally, DV Equities LLC purchased a new stake in Mettler-Toledo International in the 4th quarter valued at $40,000. 95.07% of the stock is currently owned by hedge funds and other institutional investors.

About Mettler-Toledo International

Mettler-Toledo International Inc is a global manufacturer and distributor of precision instruments and services for laboratory, industrial and food retail applications. The company’s product portfolio includes laboratory balances and analytical instruments, industrial weighing systems, process analytics and sensors, metal detection and x-ray inspection equipment, checkweighers, and a range of automated inspection and data-management solutions. Mettler-Toledo also provides software, calibration and lifecycle services intended to support compliance, quality control and operational efficiency across customer facilities.

The company serves a broad set of end markets including pharmaceutical and biotech laboratories, chemical and food processors, logistics and manufacturing operations, and retail environments where accurate weighing and inspection are critical.