Mettler-Toledo International Inc. (NYSE:MTD) Director Robert F. Spoerry sold 2,500 shares of the stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $625.26, for a total transaction of $1,563,150.00. Following the sale, the director now directly owns 7,295 shares of the company’s stock, valued at $4,561,271.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Shares of Mettler-Toledo International Inc. (MTD) traded up $7.60 during trading hours on Friday, hitting $639.57. 33,809 shares of the company traded hands, compared to its average volume of 169,943. The company has a current ratio of 1.46, a quick ratio of 1.09 and a debt-to-equity ratio of 1.75. The stock has a market cap of $15,912.12, a P/E ratio of 44.51, a PEG ratio of 2.59 and a beta of 1.08. Mettler-Toledo International Inc. has a fifty-two week low of $464.30 and a fifty-two week high of $697.26.
Mettler-Toledo International (NYSE:MTD) last issued its quarterly earnings results on Thursday, February 8th. The medical instruments supplier reported $5.97 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $5.93 by $0.04. The business had revenue of $778.03 million during the quarter, compared to the consensus estimate of $764.26 million. Mettler-Toledo International had a net margin of 13.80% and a return on equity of 94.54%. The firm’s quarterly revenue was up 9.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $5.28 EPS. sell-side analysts predict that Mettler-Toledo International Inc. will post 20.15 EPS for the current year.
Large investors have recently modified their holdings of the stock. USA Mutuals Advisors Inc. purchased a new stake in Mettler-Toledo International in the 4th quarter worth approximately $101,000. Steward Partners Investment Advisory LLC purchased a new stake in Mettler-Toledo International in the 3rd quarter worth approximately $125,000. Quantbot Technologies LP purchased a new stake in Mettler-Toledo International in the 3rd quarter worth approximately $193,000. Lourd Capital LLC purchased a new stake in Mettler-Toledo International in the 4th quarter worth approximately $211,000. Finally, Quadrant Private Wealth Management LLC purchased a new stake in Mettler-Toledo International in the 4th quarter worth approximately $232,000. Institutional investors and hedge funds own 91.79% of the company’s stock.
MTD has been the subject of several recent research reports. Morgan Stanley increased their target price on shares of 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 target price on shares of Mettler-Toledo International from $605.00 to $675.00 and gave the company a “neutral” rating in a research note on Friday, November 3rd. Jefferies Group reissued a “hold” rating and set a $600.00 target price on shares of Mettler-Toledo International in a research note on Friday, October 20th. Barclays initiated coverage on shares of Mettler-Toledo International in a research note on Thursday, January 4th. They set an “equal weight” rating and a $625.00 target price for the company. Finally, Evercore ISI initiated coverage on shares of Mettler-Toledo International in a research note on Wednesday, January 3rd. They set an “in-line” rating and a $625.00 target price for the company. Six equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $651.44.
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Mettler-Toledo International Company Profile
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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