Mettler-Toledo International Inc. (NYSE:MTD) Director Robert F. Spoerry sold 2,500 shares of the company’s 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 transaction, the director now directly owns 7,295 shares in the company, valued at approximately $4,561,271.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Shares of Mettler-Toledo International Inc. (MTD) traded up $2.40 during mid-day trading on Friday, reaching $634.37. 101,997 shares of the company traded hands, compared to its average volume of 182,946. Mettler-Toledo International Inc. has a 1 year low of $462.24 and a 1 year high of $697.26. The company has a quick ratio of 1.09, a current ratio of 1.46 and a debt-to-equity ratio of 1.75. The firm has a market capitalization of $16,098.07, a price-to-earnings ratio of 44.55, a price-to-earnings-growth ratio of 2.62 and a beta of 1.08.
Mettler-Toledo International (NYSE:MTD) last released its quarterly earnings data on Thursday, February 8th. The medical instruments supplier reported $5.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.93 by $0.04. Mettler-Toledo International had a net margin of 13.80% and a return on equity of 94.54%. The company had revenue of $778.03 million during the quarter, compared to analyst estimates of $764.26 million. During the same quarter in the prior year, the business earned $5.28 earnings per share. The business’s quarterly revenue was up 9.6% compared to the same quarter last year. sell-side analysts anticipate that Mettler-Toledo International Inc. will post 20.15 earnings per share for the current fiscal year.
Several equities analysts recently issued reports on the stock. Citigroup raised shares of Mettler-Toledo International from a “neutral” rating to a “buy” rating and upped their price objective for the company from $685.00 to $692.00 in a research note on Friday, February 9th. Jefferies Group reissued a “hold” rating and set a $600.00 price objective on shares of Mettler-Toledo International in a research note on Friday, October 20th. Barclays assumed 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 price objective on the stock. Zacks Investment Research downgraded shares of Mettler-Toledo International from a “buy” rating to a “hold” rating in a research note on Tuesday, November 7th. Finally, Robert W. Baird upped their price target on shares of Mettler-Toledo International from $605.00 to $675.00 and gave the stock a “neutral” rating in a research report on Friday, November 3rd. Six equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $651.44.
Institutional investors have recently added to or reduced their stakes in the company. Janus Henderson Group PLC increased its position in shares of Mettler-Toledo International by 20.2% in the third quarter. Janus Henderson Group PLC now owns 243,920 shares of the medical instruments supplier’s stock worth $152,732,000 after acquiring an additional 40,993 shares in the last quarter. IFM Investors Pty Ltd boosted its stake in shares of Mettler-Toledo International by 44.1% in the fourth quarter. IFM Investors Pty Ltd now owns 546 shares of the medical instruments supplier’s stock valued at $338,000 after purchasing an additional 167 shares during the period. Page Arthur B purchased a new position in shares of Mettler-Toledo International in the third quarter valued at $848,000. Canada Pension Plan Investment Board boosted its stake in shares of Mettler-Toledo International by 260.3% in the third quarter. Canada Pension Plan Investment Board now owns 45,500 shares of the medical instruments supplier’s stock valued at $28,490,000 after purchasing an additional 32,873 shares during the period. Finally, California Public Employees Retirement System boosted its stake in shares of Mettler-Toledo International by 6.3% in the third quarter. California Public Employees Retirement System now owns 75,445 shares of the medical instruments supplier’s stock valued at $47,241,000 after purchasing an additional 4,445 shares during the period. 91.79% of the stock is owned by institutional investors.
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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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