Shawn Vadala Sells 313 Shares of Mettler-Toledo International Inc. (MTD) Stock
Mettler-Toledo International Inc. (NYSE:MTD) CFO Shawn Vadala sold 313 shares of Mettler-Toledo International stock in a transaction on Tuesday, November 8th. The shares were sold at an average price of $428.01, for a total transaction of $133,967.13. Following the completion of the transaction, the chief financial officer now owns 5,674 shares in the company, valued at approximately $2,428,528.74. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Mettler-Toledo International Inc. (NYSE:MTD) opened at 425.24 on Friday. The company’s 50 day moving average is $411.91 and its 200 day moving average is $390.31. Mettler-Toledo International Inc. has a 12-month low of $291.33 and a 12-month high of $434.50. The firm has a market cap of $11.22 billion, a price-to-earnings ratio of 31.39 and a beta of 1.24.
Mettler-Toledo International (NYSE:MTD) last released its quarterly earnings results on Thursday, November 3rd. The company reported $3.89 earnings per share (EPS) for the quarter, beating 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 business had revenue of $650.60 million for the quarter, compared to analyst estimates of $627.37 million. During the same quarter in the previous year, the business earned $3.26 earnings per share. The firm’s revenue 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 earnings per share for the current year.
Several large investors have recently added to or reduced their stakes in the stock. Riverhead Capital Management LLC raised its stake in Mettler-Toledo International by 3.7% in the first quarter. Riverhead Capital Management LLC now owns 5,390 shares of the company’s stock worth $1,858,000 after buying an additional 190 shares in the last quarter. Geode Capital Management LLC raised its stake in Mettler-Toledo International by 11.1% in the first quarter. Geode Capital Management LLC now owns 179,972 shares of the company’s stock worth $62,016,000 after buying an additional 18,033 shares in the last quarter. Wellington Management Group LLP raised its stake in Mettler-Toledo International by 8.3% in the first quarter. Wellington Management Group LLP now owns 564,521 shares of the company’s stock worth $194,625,000 after buying an additional 43,118 shares in the last quarter. AMP Capital Investors Ltd raised its stake in Mettler-Toledo International by 35.5% in the first quarter. AMP Capital Investors Ltd now owns 13,890 shares of the company’s stock worth $4,768,000 after buying an additional 3,642 shares in the last quarter. Finally, Adage Capital Partners GP L.L.C. purchased a new stake in Mettler-Toledo International during the first quarter worth about $13,790,000. Institutional investors and hedge funds own 96.86% of the company’s stock.
A number of equities analysts have weighed in on MTD shares. Zacks Investment Research lowered shares of Mettler-Toledo International from a “hold” rating to a “sell” rating in a report on Wednesday, October 5th. Bank of America Corp. upgraded shares of Mettler-Toledo International from a “neutral” rating to a “buy” rating and lifted their price target for the company from $404.33 to $470.00 in a report on Wednesday, August 31st. Finally, JPMorgan Chase & Co. lifted their price target on shares of Mettler-Toledo International from $350.00 to $400.00 and gave the company a “neutral” rating in a report on Friday, July 29th. Six investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Mettler-Toledo International currently has a consensus rating of “Hold” and a consensus target price of $393.29.
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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