Insider Selling: Mettler-Toledo International Inc. (MTD) Insider Sells $2,106,274.50 in Stock
Mettler-Toledo International Inc. (NYSE:MTD) insider La Guerroniere Marc De sold 4,950 shares of the company’s stock in a transaction on Monday, November 7th. The stock was sold at an average price of $425.51, for a total transaction of $2,106,274.50. Following the transaction, the insider now owns 10,550 shares in the company, valued at approximately $4,489,130.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Shares of Mettler-Toledo International Inc. (NYSE:MTD) opened at 422.30 on Monday. The company’s 50-day moving average is $412.22 and its 200-day moving average is $390.74. Mettler-Toledo International Inc. has a 12-month low of $291.33 and a 12-month high of $434.50. The stock has a market cap of $11.08 billion, a P/E ratio of 31.18 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 for the quarter, beating the consensus estimate of $3.66 by $0.23. The business had revenue of $650.60 million for the quarter, compared to analysts’ expectations of $627.37 million. Mettler-Toledo International had a net margin of 14.97% and a return on equity of 73.43%. The firm’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.26 earnings per share. On average, equities research analysts anticipate that Mettler-Toledo International Inc. will post $14.65 earnings per share for the current year.
A number of hedge funds have recently added to or reduced their stakes in the stock. Checchi Capital Advisers LLC boosted its stake 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 during the period. Van ECK Associates Corp boosted its stake 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 during the period. MSI Financial Services Inc boosted its stake 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 during the period. Penserra Capital Management LLC boosted its stake 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 during the period. Finally, Meeder Asset Management Inc. acquired a new stake in shares of Mettler-Toledo International during the second quarter worth approximately $138,000. Institutional investors and hedge funds own 97.48% of the company’s stock.
Several research analysts have weighed in on MTD shares. Zacks Investment Research downgraded shares of Mettler-Toledo International from a “buy” rating to a “hold” rating in a report on Thursday, July 21st. JPMorgan Chase & Co. upped their price objective on shares of Mettler-Toledo International from $350.00 to $400.00 and gave the stock a “neutral” rating in a report on Friday, July 29th. Finally, Bank of America Corp. upgraded shares of Mettler-Toledo International from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $404.33 to $470.00 in a report on Wednesday, August 31st. Six investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average 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.
Receive News & Stock Ratings for Mettler-Toledo International Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mettler-Toledo International Inc. and related stocks with our FREE daily email newsletter.