Robert F. Spoerry Sells 3,000 Shares of Mettler-Toledo International Inc. (MTD) Stock
Mettler-Toledo International Inc. (NYSE:MTD) Director Robert F. Spoerry sold 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 15th. The shares were sold at an average price of $425.00, for a total value of $1,275,000.00. Following the completion of the transaction, the director now directly owns 8,587 shares in the company, valued at $3,649,475. The sale was disclosed in a document filed with the SEC, which is accessible through this link.
Mettler-Toledo International Inc. (NYSE:MTD) traded down 0.554% during trading on Thursday, reaching $418.995. The company’s stock had a trading volume of 91,994 shares. The stock’s 50 day moving average is $413.19 and its 200 day moving average is $392.27. Mettler-Toledo International Inc. has a 12 month low of $291.33 and a 12 month high of $434.50. The company has a market cap of $10.99 billion, a price-to-earnings ratio of 30.934 and a beta of 1.24.
Mettler-Toledo International (NYSE:MTD) last posted its quarterly earnings results on Thursday, November 3rd. The company reported $3.89 earnings per share (EPS) for the quarter, beating the 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 period in the prior year, the business posted $3.26 earnings per share. The company’s revenue was up 7.7% on a year-over-year basis. On average, equities analysts expect that Mettler-Toledo International Inc. will post $14.65 EPS for the current fiscal year.
Hedge funds have recently bought and sold shares of the stock. Cornerstone Capital Management Holdings LLC. acquired a new stake in Mettler-Toledo International during the third quarter valued at about $2,115,000. Candriam Luxembourg S.C.A. raised its stake in Mettler-Toledo International by 53.5% in the third quarter. Candriam Luxembourg S.C.A. now owns 4,199 shares of the company’s stock valued at $1,763,000 after buying an additional 1,464 shares during the last quarter. Gerstein Fisher acquired a new stake in Mettler-Toledo International during the third quarter valued at about $220,000. Xact Kapitalforvaltning AB acquired a new stake in Mettler-Toledo International during the third quarter valued at about $1,251,000. Finally, Chilton Investment Co. LLC raised its stake in Mettler-Toledo International by 96.1% in the third quarter. Chilton Investment Co. LLC now owns 26,275 shares of the company’s stock valued at $11,031,000 after buying an additional 12,876 shares during the last quarter. Institutional investors and hedge funds own 97.48% of the company’s stock.
Several research analysts have commented on the company. Zacks Investment Research raised Mettler-Toledo International from a “hold” rating to a “buy” rating and set a $470.00 price target on the stock in a research report on Tuesday. Bank of America Corp. raised Mettler-Toledo International from a “neutral” rating to a “buy” rating and boosted their price target for the company from $404.33 to $470.00 in a research note on Wednesday, August 31st. Finally, JPMorgan Chase & Co. boosted their price target on Mettler-Toledo International from $350.00 to $400.00 and gave the company a “neutral” rating in a research note on Friday, July 29th. Six analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $392.29.
Mettler-Toledo International Company Profile
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.