Mettler-Toledo International (NYSE:MTD) Director Sells $600,650.97 in Stock

Mettler-Toledo International, Inc. (NYSE:MTD) Director Thomas Salice sold 417 shares of the firm’s stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $1,440.41, for a total value of $600,650.97. Following the sale, the director directly owned 292 shares of the company’s stock, valued at $420,599.72. The trade was a 58.82% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Mettler-Toledo International Trading Up 0.6%

Shares of NYSE:MTD traded up $8.96 during mid-day trading on Friday, reaching $1,430.20. 10,160 shares of the company were exchanged, compared to its average volume of 177,232. Mettler-Toledo International, Inc. has a 1 year low of $1,023.05 and a 1 year high of $1,525.17. The company has a debt-to-equity ratio of 159.45, a current ratio of 1.12 and a quick ratio of 0.78. The firm’s 50-day simple moving average is $1,262.44 and its 200 day simple moving average is $1,273.12. The firm has a market cap of $28.66 billion, a price-to-earnings ratio of 32.19, a P/E/G ratio of 2.92 and a beta of 1.23.

Mettler-Toledo International (NYSE:MTD) last released its earnings results on Friday, July 31st. The medical instruments supplier reported $11.46 earnings per share for the quarter, beating the consensus estimate of $10.78 by $0.68. Mettler-Toledo International had a negative return on equity of 1,212.14% and a net margin of 21.91%.The company had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $1.03 billion. During the same period in the previous year, the company posted $10.09 EPS. Mettler-Toledo International’s revenue was up 4.5% compared to the same quarter last year. Equities research analysts forecast that Mettler-Toledo International, Inc. will post 47.35 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on MTD shares. Wolfe Research started coverage on shares of Mettler-Toledo International in a report on Tuesday, June 2nd. They issued a “peer perform” rating for the company. Barclays lifted their price target on shares of Mettler-Toledo International from $1,300.00 to $1,575.00 and gave the stock an “overweight” rating in a research note on Monday. Robert W. Baird decreased their price objective on shares of Mettler-Toledo International from $1,445.00 to $1,194.00 and set a “neutral” rating for the company in a research note on Monday, May 11th. Weiss Ratings raised Mettler-Toledo International from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday. Finally, Citigroup cut their target price on Mettler-Toledo International from $1,700.00 to $1,550.00 and set a “buy” rating on the stock in a research report on Friday, May 8th. Six analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, Mettler-Toledo International has an average rating of “Hold” and an average price target of $1,461.27.

Hedge Funds Weigh In On Mettler-Toledo International

Several hedge funds have recently bought and sold shares of the company. Bank of New York Mellon Corp purchased a new stake in shares of Mettler-Toledo International during the 2nd quarter valued at $762,553,000. Norges Bank purchased a new position in shares of Mettler-Toledo International in the 4th quarter worth $520,989,000. M&T Bank Corp raised its position in shares of Mettler-Toledo International by 2,813.6% in the 4th quarter. M&T Bank Corp now owns 124,205 shares of the medical instruments supplier’s stock worth $173,165,000 after buying an additional 119,942 shares during the period. Capital International Investors grew its position in Mettler-Toledo International by 12.7% during the fourth quarter. Capital International Investors now owns 969,067 shares of the medical instruments supplier’s stock valued at $1,351,064,000 after acquiring an additional 109,508 shares during the period. Finally, Bank of America Corp DE grew its position in Mettler-Toledo International by 60.9% during the first quarter. Bank of America Corp DE now owns 207,286 shares of the medical instruments supplier’s stock valued at $261,429,000 after acquiring an additional 78,487 shares during the period. 95.07% of the stock is owned by hedge funds and other institutional investors.

Mettler-Toledo International Company Profile

Mettler-Toledo International Inc is a global manufacturer and distributor of precision instruments and services for laboratory, industrial and food retail applications. The company’s product portfolio includes laboratory balances and analytical instruments, industrial weighing systems, process analytics and sensors, metal detection and x-ray inspection equipment, checkweighers, and a range of automated inspection and data-management solutions. Mettler-Toledo also provides software, calibration and lifecycle services intended to support compliance, quality control and operational efficiency across customer facilities.

The company serves a broad set of end markets including pharmaceutical and biotech laboratories, chemical and food processors, logistics and manufacturing operations, and retail environments where accurate weighing and inspection are critical.