Mettler-Toledo International (MTD) Getting Somewhat Positive Press Coverage, Analysis Finds
News articles about Mettler-Toledo International (NYSE:MTD) have been trending somewhat positive on Thursday, Accern Sentiment Analysis reports. The research group ranks the sentiment of press coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Mettler-Toledo International earned a coverage optimism score of 0.18 on Accern’s scale. Accern also assigned news coverage about the medical instruments supplier an impact score of 44.3731672302951 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Here are some of the news articles that may have impacted Accern Sentiment’s rankings:
- Insider Selling: Mettler-Toledo International, Inc. (MTD) CFO Sells 330 Shares of Stock (americanbankingnews.com)
- Insider Selling: Mettler-Toledo International, Inc. (MTD) Insider Sells 150 Shares of Stock (americanbankingnews.com)
- Wah-Hui Chu Sells 1,000 Shares of Mettler-Toledo International, Inc. (MTD) Stock (americanbankingnews.com)
- Mettler-Toledo International, Inc. (MTD) CFO Sells $865,500.00 in Stock (americanbankingnews.com)
- Mettler-Toledo International, Inc. (MTD) Insider Thomas Caratsch Sells 1,350 Shares (americanbankingnews.com)
Mettler-Toledo International (MTD) traded down 0.75% during midday trading on Thursday, reaching $571.25. 127,783 shares of the company traded hands. The firm has a 50-day moving average price of $591.77 and a 200-day moving average price of $527.92. The firm has a market capitalization of $14.66 billion, a price-to-earnings ratio of 35.13 and a beta of 1.13. Mettler-Toledo International has a one year low of $386.01 and a one year high of $618.13.
Mettler-Toledo International (NYSE:MTD) last posted its earnings results on Thursday, July 27th. The medical instruments supplier reported $3.92 earnings per share for the quarter, beating the Zacks’ consensus estimate of $3.89 by $0.03. The business had revenue of $653.70 million during the quarter, compared to analyst estimates of $646.68 million. Mettler-Toledo International had a return on equity of 95.28% and a net margin of 16.60%. The company’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.22 EPS. Equities analysts predict that Mettler-Toledo International will post $16.89 EPS for the current fiscal year.
Several research firms have commented on MTD. Cleveland Research upgraded shares of Mettler-Toledo International from a “neutral” rating to a “buy” rating in a report on Wednesday, April 19th. Zacks Investment Research upgraded shares of Mettler-Toledo International from a “hold” rating to a “buy” rating and set a $538.00 price target on the stock in a research note on Wednesday, April 12th. Bank of America Corporation upped their price target on shares of Mettler-Toledo International from $590.00 to $630.00 and gave the company a “buy” rating in a research note on Wednesday, May 31st. BidaskClub downgraded shares of Mettler-Toledo International from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, June 13th. Finally, Morgan Stanley restated an “equal weight” rating and issued a $565.00 price target (up from $533.00) on shares of Mettler-Toledo International in a research note on Saturday, July 22nd. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $569.80.
In related news, CFO Shawn Vadala sold 1,500 shares of the business’s stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $577.00, for a total value of $865,500.00. Following the completion of the sale, the chief financial officer now owns 6,525 shares in the company, valued at approximately $3,764,925. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Robert F. Spoerry sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, May 15th. The stock was sold at an average price of $555.78, for a total value of $2,778,900.00. Following the completion of the sale, the director now owns 9,656 shares of the company’s stock, valued at approximately $5,366,611.68. The disclosure for this sale can be found here. Insiders have sold 23,996 shares of company stock valued at $13,673,195 in the last three months. 5.20% of the stock is owned by insiders.
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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