Insider Selling: Mettler-Toledo International (NYSE:MTD) Director Sells $599,517.30 in Stock

Mettler-Toledo International, Inc. (NYSE:MTD) Director Thomas Salice sold 415 shares of the firm’s stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $1,444.62, for a total transaction of $599,517.30. Following the sale, the director owned 292 shares of the company’s stock, valued at approximately $421,829.04. The trade was a 58.70% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Mettler-Toledo International Price Performance

Mettler-Toledo International stock opened at $1,429.14 on Friday. The business’s 50 day simple moving average is $1,267.38 and its 200 day simple moving average is $1,274.21. Mettler-Toledo International, Inc. has a 12 month low of $1,023.05 and a 12 month high of $1,525.17. The company has a market cap of $28.64 billion, a price-to-earnings ratio of 32.17, a PEG ratio of 2.92 and a beta of 1.23. The company has a current ratio of 1.12, a quick ratio of 0.78 and a debt-to-equity ratio of 159.45.

Mettler-Toledo International (NYSE:MTD) last posted its quarterly earnings results on Friday, July 31st. The medical instruments supplier reported $11.46 earnings per share for the quarter, topping 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 quarter in the prior year, the company earned $10.09 EPS. The firm’s quarterly revenue was up 4.5% compared to the same quarter last year. Sell-side analysts forecast that Mettler-Toledo International, Inc. will post 47.35 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Whipplewood Advisors LLC bought a new position in shares of Mettler-Toledo International in the 1st quarter worth $25,000. Reflection Asset Management bought a new stake in shares of Mettler-Toledo International during the 4th quarter worth $26,000. Elyxium Wealth LLC purchased a new position in Mettler-Toledo International in the fourth quarter worth $29,000. Root Financial Partners LLC lifted its stake in Mettler-Toledo International by 45.5% during the first quarter. Root Financial Partners LLC now owns 32 shares of the medical instruments supplier’s stock worth $40,000 after purchasing an additional 10 shares during the last quarter. Finally, DV Equities LLC bought a new stake in Mettler-Toledo International during the fourth quarter worth about $40,000. 95.07% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on MTD shares. Weiss Ratings upgraded Mettler-Toledo International from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday. Robert W. Baird decreased their target price on shares of Mettler-Toledo International from $1,445.00 to $1,194.00 and set a “neutral” rating on the stock in a report on Monday, May 11th. Wolfe Research began coverage on shares of Mettler-Toledo International in a research note on Tuesday, June 2nd. They issued a “peer perform” rating on the stock. Wells Fargo & Company raised their price target on shares of Mettler-Toledo International from $1,225.00 to $1,450.00 and gave the company an “equal weight” rating in a report on Monday, August 3rd. Finally, Morgan Stanley boosted their price target on shares of Mettler-Toledo International from $1,275.00 to $1,450.00 and gave the company an “equal weight” rating in a research report on Tuesday. Six investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $1,461.27.

About Mettler-Toledo International

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.