Robert F. Spoerry Sells 2,500 Shares of Mettler-Toledo International Inc. (MTD) Stock

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.

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

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