Francis A. Contino Sells 700 Shares of Mettler-Toledo International Inc. (MTD) Stock
Mettler-Toledo International Inc. (NYSE:MTD) Director Francis A. Contino sold 700 shares of Mettler-Toledo International stock in a transaction that occurred on Monday, November 7th. The stock was sold at an average price of $428.08, for a total transaction of $299,656.00. Following the transaction, the director now directly owns 1,934 shares in the company, valued at approximately $827,906.72. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Shares of Mettler-Toledo International Inc. (NYSE:MTD) opened at 425.24 on Friday. Mettler-Toledo International Inc. has a one year low of $291.33 and a one year high of $434.50. The firm’s 50-day moving average is $411.91 and its 200-day moving average is $390.31. The company has a market cap of $11.22 billion, a PE ratio of 31.39 and a beta of 1.24.
Mettler-Toledo International (NYSE:MTD) last posted its quarterly earnings data on Thursday, November 3rd. The company reported $3.89 EPS for the quarter, beating the Thomson Reuters’ 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 business earned $650.60 million during the quarter, compared to analyst estimates of $627.37 million. During the same quarter last year, the firm posted $3.26 earnings per share. The business’s revenue for the quarter was up 7.7% compared to the same quarter last year. On average, equities analysts anticipate that Mettler-Toledo International Inc. will post $14.63 EPS for the current year.
MTD has been the topic of several recent analyst reports. Zacks Investment Research cut shares of Mettler-Toledo International from a “hold” rating to a “sell” rating in a research report on Wednesday, October 5th. Bank of America Corp. raised shares of Mettler-Toledo International from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $404.33 to $470.00 in a research report on Wednesday, August 31st. Finally, JPMorgan Chase & Co. lifted their target price on shares of Mettler-Toledo International from $350.00 to $400.00 and gave the stock a “neutral” rating in a research report on Friday, July 29th. Six equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Mettler-Toledo International presently has a consensus rating of “Hold” and an average target price of $393.29.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. FMR LLC raised its position in Mettler-Toledo International by 4.0% in the second quarter. FMR LLC now owns 2,586,986 shares of the company’s stock valued at $944,043,000 after buying an additional 98,453 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Mettler-Toledo International by 0.7% in the second quarter. Vanguard Group Inc. now owns 2,073,673 shares of the company’s stock valued at $756,724,000 after buying an additional 15,005 shares during the period. BlackRock Fund Advisors boosted its stake in shares of Mettler-Toledo International by 4.8% in the second quarter. BlackRock Fund Advisors now owns 996,106 shares of the company’s stock valued at $363,499,000 after buying an additional 45,509 shares during the period. Acadian Asset Management LLC boosted its stake in shares of Mettler-Toledo International by 15.1% in the third quarter. Acadian Asset Management LLC now owns 718,822 shares of the company’s stock valued at $301,780,000 after buying an additional 94,565 shares during the period. Finally, Baillie Gifford & Co. boosted its stake in shares of Mettler-Toledo International by 2.4% in the second quarter. Baillie Gifford & Co. now owns 636,715 shares of the company’s stock valued at $232,350,000 after buying an additional 14,849 shares during the period. 96.86% of the stock is owned by institutional investors and hedge funds.
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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