Mettler-Toledo International Inc. (NYSE:MTD) Director Robert F. Spoerry sold 2,000 shares of Mettler-Toledo International stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $640.00, for a total value of $1,280,000.00. Following the completion of the transaction, the director now owns 7,587 shares of the company’s stock, valued at $4,855,680. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Mettler-Toledo International Inc. (NYSE MTD) traded up $11.13 during trading on Friday, reaching $636.10. The company had a trading volume of 81,591 shares, compared to its average volume of 166,948. Mettler-Toledo International Inc. has a twelve month low of $470.76 and a twelve month high of $697.26. The company has a debt-to-equity ratio of 1.75, a quick ratio of 1.09 and a current ratio of 1.46. The stock has a market capitalization of $16,270.00, a PE ratio of 37.44, a price-to-earnings-growth ratio of 2.59 and a beta of 1.08.
Mettler-Toledo International (NYSE:MTD) last posted its earnings results on Thursday, February 8th. The medical instruments supplier reported $5.97 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $5.93 by $0.04. Mettler-Toledo International had a return on equity of 94.54% and a net margin of 13.80%. The business had revenue of $778.03 million during the quarter, compared to analysts’ expectations of $764.26 million. During the same period in the previous year, the business earned $5.28 earnings per share. The firm’s revenue was up 9.6% on a year-over-year basis. equities research analysts predict that Mettler-Toledo International Inc. will post 20.15 EPS for the current year.
A number of institutional investors have recently bought and sold shares of the stock. Xact Kapitalforvaltning AB grew its position in Mettler-Toledo International by 8.3% during the fourth quarter. Xact Kapitalforvaltning AB now owns 4,868 shares of the medical instruments supplier’s stock worth $3,016,000 after buying an additional 375 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its position in Mettler-Toledo International by 66.7% during the fourth quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 24,798 shares of the medical instruments supplier’s stock worth $15,363,000 after buying an additional 9,918 shares in the last quarter. We Are One Seven LLC purchased a new position in Mettler-Toledo International during the fourth quarter worth about $427,000. OLD Mutual Customised Solutions Proprietary Ltd. grew its position in Mettler-Toledo International by 62.5% during the fourth quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 1,300 shares of the medical instruments supplier’s stock worth $805,000 after buying an additional 500 shares in the last quarter. Finally, Slow Capital Inc. purchased a new position in Mettler-Toledo International during the fourth quarter worth about $496,000. Institutional investors and hedge funds own 92.22% of the company’s stock.
Several brokerages have recently weighed in on MTD. Robert W. Baird reduced their price target on Mettler-Toledo International from $675.00 to $630.00 and set a “neutral” rating for the company in a research report on Friday, February 9th. Morgan Stanley lifted their price target on Mettler-Toledo International from $550.00 to $580.00 and gave the company an “equal weight” rating in a research report on Friday, February 9th. Citigroup upgraded Mettler-Toledo International from a “neutral” rating to a “buy” rating and lifted their price target for the company from $685.00 to $692.00 in a research report on Friday, February 9th. Barclays began coverage on Mettler-Toledo International in a research report on Thursday, January 4th. They issued an “equal weight” rating and a $625.00 price target for the company. Finally, Evercore ISI began coverage on Mettler-Toledo International in a research report on Wednesday, January 3rd. They issued an “in-line” rating and a $625.00 price target for the company. Six investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $651.44.
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About Mettler-Toledo International
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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