Insider Selling: Mettler-Toledo International, Inc. (MTD) CFO Sells $142,235.36 in Stock
Mettler-Toledo International, Inc. (NYSE:MTD) CFO Shawn Vadala sold 226 shares of the stock in a transaction on Monday, November 13th. The stock was sold at an average price of $629.36, for a total transaction of $142,235.36. Following the completion of the sale, the chief financial officer now directly owns 5,299 shares of the company’s stock, valued at approximately $3,334,978.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Mettler-Toledo International, Inc. (NYSE MTD) traded up $0.42 on Friday, reaching $630.92. 97,265 shares of the company were exchanged, compared to its average volume of 158,460. The firm has a market cap of $16,130.00, a price-to-earnings ratio of 37.36, a price-to-earnings-growth ratio of 2.88 and a beta of 1.13. Mettler-Toledo International, Inc. has a 1-year low of $407.87 and a 1-year high of $694.48. The company has a debt-to-equity ratio of 2.05, a quick ratio of 1.11 and a current ratio of 1.51.
Mettler-Toledo International (NYSE:MTD) last posted its quarterly earnings data on Thursday, November 2nd. The medical instruments supplier reported $4.36 EPS for the quarter, beating the Zacks’ consensus estimate of $4.32 by $0.04. Mettler-Toledo International had a net margin of 16.44% and a return on equity of 96.81%. The firm had revenue of $698.80 million for the quarter, compared to the consensus estimate of $685.56 million. During the same period in the prior year, the firm posted $3.89 EPS. The firm’s revenue was up 7.4% compared to the same quarter last year. analysts forecast that Mettler-Toledo International, Inc. will post 17.52 earnings per share for the current year.
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A number of hedge funds and other institutional investors have recently bought and sold shares of MTD. First Personal Financial Services boosted its stake in Mettler-Toledo International by 2.8% during the 2nd quarter. First Personal Financial Services now owns 186 shares of the medical instruments supplier’s stock valued at $109,000 after acquiring an additional 5 shares during the last quarter. Sun Life Financial INC boosted its stake in Mettler-Toledo International by 2,585.7% during the 2nd quarter. Sun Life Financial INC now owns 188 shares of the medical instruments supplier’s stock valued at $111,000 after acquiring an additional 181 shares during the last quarter. Acrospire Investment Management LLC bought a new position in Mettler-Toledo International during the 2nd quarter valued at $118,000. Quantbot Technologies LP bought a new position in Mettler-Toledo International during the 3rd quarter valued at $193,000. Finally, CAPROCK Group Inc. bought a new position in Mettler-Toledo International during the 2nd quarter valued at $205,000. Hedge funds and other institutional investors own 93.52% of the company’s stock.
Several equities research analysts have recently issued reports on the stock. BidaskClub raised shares of Mettler-Toledo International from a “hold” rating to a “buy” rating in a research report on Monday, August 14th. Zacks Investment Research raised shares of Mettler-Toledo International from a “hold” rating to a “buy” rating and set a $711.00 price target for the company in a report on Thursday, September 21st. Bank of America Corporation raised their price target on shares of Mettler-Toledo International from $640.00 to $710.00 and gave the company a “buy” rating in a report on Monday, October 9th. Morgan Stanley reaffirmed an “equal weight” rating and set a $535.00 price target (down from $565.00) on shares of Mettler-Toledo International in a report on Friday, October 6th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and set a $550.00 price target on shares of Mettler-Toledo International in a report on Thursday, July 27th. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $621.57.
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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