Insider Selling: Mettler-Toledo International (NYSE:MTD) CEO Sells 942 Shares of Stock

Mettler-Toledo International, Inc. (NYSE:MTD) CEO Patrick Kaltenbach sold 942 shares of the stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $1,425.00, for a total value of $1,342,350.00. Following the completion of the sale, the chief executive officer directly owned 4,480 shares of the company’s stock, valued at approximately $6,384,000. This represents a 17.37% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

Mettler-Toledo International Stock Down 0.6%

NYSE:MTD traded down $8.85 on Monday, hitting $1,389.73. 21,544 shares of the company’s stock traded hands, compared to its average volume of 176,396. The firm has a 50-day moving average price of $1,345.25 and a 200-day moving average price of $1,274.28. 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 company has a market cap of $27.85 billion, a PE ratio of 31.34, a price-to-earnings-growth ratio of 2.88 and a beta of 1.23. 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 posted its quarterly earnings results on Friday, July 31st. The medical instruments supplier reported $11.46 EPS for the quarter, topping 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 during the quarter, compared to analysts’ expectations of $1.03 billion. During the same period last year, the company posted $10.09 earnings per share. The firm’s quarterly revenue was up 4.5% compared to the same quarter last year. Equities analysts anticipate that Mettler-Toledo International, Inc. will post 47.35 EPS for the current fiscal year.

Hedge Funds Weigh In On Mettler-Toledo International

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Whipplewood Advisors LLC bought a new stake in shares of Mettler-Toledo International during the first quarter valued at approximately $25,000. Reflection Asset Management bought a new position in shares of Mettler-Toledo International in the 4th quarter valued at about $26,000. Edmond DE Rothschild Holding S.A. acquired a new stake in shares of Mettler-Toledo International during the 2nd quarter worth approximately $26,000. Elyxium Wealth LLC bought a new stake in shares of Mettler-Toledo International during the fourth quarter worth approximately $29,000. Finally, Transamerica Financial Advisors LLC bought a new stake in shares of Mettler-Toledo International during the second quarter worth approximately $32,000. 95.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have weighed in on MTD. JPMorgan Chase & Co. dropped their target price on Mettler-Toledo International from $1,413.00 to $1,200.00 and set a “neutral” rating on the stock in a research report on Monday, May 11th. Citigroup lowered their price target on Mettler-Toledo International from $1,700.00 to $1,550.00 and set a “buy” rating for the company in a research note on Friday, May 8th. Wells Fargo & Company increased their price objective on Mettler-Toledo International from $1,225.00 to $1,450.00 and gave the stock an “equal weight” rating in a report on Monday, August 3rd. Wall Street Zen cut shares of Mettler-Toledo International from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. Finally, Jefferies Financial Group boosted their target price on shares of 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. Six research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $1,461.27.

Mettler-Toledo International Company Profile

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.