Insider Selling: Mettler Toledo (MTD) Insider Sells $2,816,900.00 in Stock
Mettler Toledo (NYSE:MTD) insider William P. Donnelly sold 5,000 shares of the stock in a transaction that occurred on Friday, May 11th. The shares were sold at an average price of $563.38, for a total transaction of $2,816,900.00. Following the completion of the sale, the insider now owns 4,000 shares in the company, valued at $2,253,520. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Mettler Toledo opened at $560.75 on Thursday, MarketBeat.com reports. The company has a current ratio of 1.46, a quick ratio of 1.02 and a debt-to-equity ratio of 1.75. The company has a market cap of $14.45 billion, a price-to-earnings ratio of 31.92, a P/E/G ratio of 2.17 and a beta of 1.21. Mettler Toledo has a fifty-two week low of $555.23 and a fifty-two week high of $560.86.
Mettler Toledo (NYSE:MTD) last posted its quarterly earnings results on Thursday, May 3rd. The medical instruments supplier reported $3.74 earnings per share for the quarter, topping the Zacks’ consensus estimate of $3.73 by $0.01. The company had revenue of $660.82 million for the quarter, compared to the consensus estimate of $651.87 million. Mettler Toledo had a net margin of 13.50% and a return on equity of 90.70%. Mettler Toledo’s revenue was up 11.1% on a year-over-year basis. During the same quarter last year, the firm posted $3.34 earnings per share. equities analysts predict that Mettler Toledo will post 20.25 earnings per share for the current fiscal year.
A number of large investors have recently bought and sold shares of MTD. Renaissance Technologies LLC raised its stake in Mettler Toledo by 201.0% during the fourth quarter. Renaissance Technologies LLC now owns 210,100 shares of the medical instruments supplier’s stock worth $130,161,000 after purchasing an additional 140,300 shares during the period. First Manhattan Co. raised its stake in Mettler Toledo by 98,611.4% during the fourth quarter. First Manhattan Co. now owns 86,866 shares of the medical instruments supplier’s stock worth $53,815,000 after purchasing an additional 86,778 shares during the period. Old Mutual Global Investors UK Ltd. raised its stake in Mettler Toledo by 87.0% during the first quarter. Old Mutual Global Investors UK Ltd. now owns 175,440 shares of the medical instruments supplier’s stock worth $100,883,000 after purchasing an additional 81,610 shares during the period. Amundi Pioneer Asset Management Inc. purchased a new position in Mettler Toledo during the fourth quarter worth approximately $31,608,000. Finally, Public Employees Retirement System of Ohio raised its stake in Mettler Toledo by 349.8% during the fourth quarter. Public Employees Retirement System of Ohio now owns 56,728 shares of the medical instruments supplier’s stock worth $35,144,000 after purchasing an additional 44,115 shares during the period. 92.12% of the stock is currently owned by institutional investors.
About Mettler Toledo
Mettler-Toledo International Inc manufactures and supplies precision instruments and services worldwide. The company operates in five segments: U.S. Operations, Swiss Operations, Western European Operations, Chinese Operations, and Other. It offers weighing instruments for laboratory, industrial, packaging, logistics, and food retailing applications; analytical instruments for use in life science; various related analytical instruments and provides automated chemistry solutions used in drug and chemical compound discovery and development; and end-of-line product inspection systems used in production and packaging for food processing and packaging, pharmaceutical, packaged consumer goods, and other industries.
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