Mettler-Toledo International (NYSE:MTD) CFO Sells $3,207,680.00 in Stock

Mettler-Toledo International, Inc. (NYSE:MTD) CFO Shawn Vadala sold 2,240 shares of the stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $1,432.00, for a total transaction of $3,207,680.00. Following the completion of the sale, the chief financial officer directly owned 5,579 shares in the company, valued at approximately $7,989,128. The trade was a 28.65% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Mettler-Toledo International Stock Performance

Shares of MTD opened at $1,429.14 on Friday. The company has a current ratio of 1.12, a quick ratio of 0.78 and a debt-to-equity ratio of 159.45. The stock has a market cap of $28.64 billion, a P/E ratio of 32.17, a PEG ratio of 2.92 and a beta of 1.23. The company has a 50-day moving average of $1,267.38 and a two-hundred day moving average of $1,274.21. Mettler-Toledo International, Inc. has a 12-month low of $1,023.05 and a 12-month high of $1,525.17.

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

Institutional Investors Weigh In On Mettler-Toledo International

Several hedge funds have recently modified their holdings of the stock. BlackRock Inc. purchased a new position in Mettler-Toledo International during the second quarter worth approximately $2,404,713,000. Capital International Investors grew its stake in shares of Mettler-Toledo International by 12.7% during the 4th quarter. Capital International Investors now owns 969,067 shares of the medical instruments supplier’s stock valued at $1,351,064,000 after buying an additional 109,508 shares during the period. T. Rowe Price Investment Management Inc. increased its holdings in shares of Mettler-Toledo International by 0.5% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 691,565 shares of the medical instruments supplier’s stock worth $964,174,000 after buying an additional 3,157 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Mettler-Toledo International by 2.4% during the 4th quarter. Geode Capital Management LLC now owns 597,448 shares of the medical instruments supplier’s stock worth $830,879,000 after buying an additional 14,106 shares during the last quarter. Finally, Bank of New York Mellon Corp purchased a new position in shares of Mettler-Toledo International in the 2nd quarter worth $762,553,000. 95.07% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have weighed in on MTD. Weiss Ratings raised Mettler-Toledo International from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday. Stifel Nicolaus increased their price objective on Mettler-Toledo International from $1,400.00 to $1,600.00 and gave the company a “buy” rating in a research note on Monday, August 3rd. Jefferies Financial Group lifted their price objective on Mettler-Toledo International from $1,400.00 to $1,580.00 and gave the stock a “buy” rating in a research report on Friday, July 31st. Barclays boosted their target price on shares of Mettler-Toledo International from $1,300.00 to $1,575.00 and gave the company an “overweight” rating in a research note on Monday, August 3rd. Finally, JPMorgan Chase & Co. decreased their price target on shares of Mettler-Toledo International from $1,413.00 to $1,200.00 and set a “neutral” rating on the stock in a research note on Monday, May 11th. Six investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $1,461.27.

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.