Mettler-Toledo International Inc. (MTD) Director Robert F. Spoerry Sells 2,000 Shares of Stock

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.

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

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