Mettler-Toledo International Inc. (MTD) Insider William P. Donnelly Sells 30,067 Shares of Stock
Mettler-Toledo International Inc. (NYSE:MTD) insider William P. Donnelly sold 30,067 shares of the business’s stock in a transaction that occurred on Tuesday, November 8th. The shares were sold at an average price of $427.88, for a total transaction of $12,865,067.96. Following the completion of the sale, the insider now directly owns 21,000 shares in the company, valued at approximately $8,985,480. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of Mettler-Toledo International Inc. (NYSE:MTD) opened at 426.04 on Thursday. The stock’s 50 day moving average is $411.29 and its 200-day moving average is $390.06. Mettler-Toledo International Inc. has a one year low of $291.33 and a one year high of $434.50. The stock has a market cap of $11.24 billion, a P/E ratio of 31.45 and a beta of 1.24.
Mettler-Toledo International (NYSE:MTD) last released its quarterly earnings data on Thursday, November 3rd. The company reported $3.89 earnings per share for the quarter, topping the Zacks’ consensus estimate of $3.66 by $0.23. Mettler-Toledo International had a net margin of 14.97% and a return on equity of 73.43%. The company earned $650.60 million during the quarter, compared to analyst estimates of $627.37 million. During the same period in the prior year, the firm earned $3.26 earnings per share. The firm’s revenue for the quarter was up 7.7% compared to the same quarter last year. On average, equities analysts forecast that Mettler-Toledo International Inc. will post $14.63 EPS for the current year.
MTD has been the topic of several research reports. Zacks Investment Research lowered shares of Mettler-Toledo International from a “buy” rating to a “hold” rating in a research report on Thursday, July 21st. JPMorgan Chase & Co. boosted their price target on shares of Mettler-Toledo International from $350.00 to $400.00 and gave the company a “neutral” rating in a research report on Friday, July 29th. Finally, Bank of America Corp. raised shares of Mettler-Toledo International from a “neutral” rating to a “buy” rating and upped their target price for the stock from $404.33 to $470.00 in a report on Wednesday, August 31st. Seven research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Mettler-Toledo International currently has an average rating of “Hold” and a consensus price target of $384.13.
A number of institutional investors have recently made changes to their positions in MTD. Checchi Capital Advisers LLC increased its position in shares of Mettler-Toledo International by 3.3% in the second quarter. Checchi Capital Advisers LLC now owns 316 shares of the company’s stock worth $115,000 after buying an additional 10 shares in the last quarter. Van ECK Associates Corp increased its position in shares of Mettler-Toledo International by 26.0% in the second quarter. Van ECK Associates Corp now owns 344 shares of the company’s stock worth $126,000 after buying an additional 71 shares in the last quarter. MSI Financial Services Inc increased its position in shares of Mettler-Toledo International by 16.2% in the third quarter. MSI Financial Services Inc now owns 301 shares of the company’s stock worth $126,000 after buying an additional 42 shares in the last quarter. Penserra Capital Management LLC increased its position in shares of Mettler-Toledo International by 100.0% in the third quarter. Penserra Capital Management LLC now owns 324 shares of the company’s stock worth $136,000 after buying an additional 162 shares in the last quarter. Finally, Meeder Asset Management Inc. purchased a new position in shares of Mettler-Toledo International during the second quarter worth approximately $138,000. Institutional investors and hedge funds own 96.86% of the company’s stock.
About Mettler-Toledo International
Mettler-Toledo International Inc is a supplier of precision instruments and services. The Company is a provider of weighing instruments for use in laboratory, industrial and food retailing applications. The Company is also a provider of analytical instruments for use in life science, reaction engineering and real-time analytic systems used in drug and chemical compound development and process analytics instruments used for in-line measurement in production processes.
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