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

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.

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

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