Mettler-Toledo International Inc. (NYSE:MTD) Director Robert F. Spoerry sold 236 shares of the company’s stock in a transaction on Wednesday, November 23rd. The stock was sold at an average price of $420.00, for a total value of $99,120.00. Following the transaction, the director now owns 5,823 shares in the company, valued at $2,445,660. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Mettler-Toledo International Inc. (NYSE:MTD) opened at 415.81 on Tuesday. Mettler-Toledo International Inc. has a 12-month low of $291.33 and a 12-month high of $434.50. The company has a 50-day moving average price of $413.37 and a 200 day moving average price of $395.52. The stock has a market cap of $10.91 billion, a price-to-earnings ratio of 30.70 and a beta of 1.24.

Mettler-Toledo International (NYSE:MTD) last released its earnings results on Thursday, November 3rd. The company reported $3.89 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $3.66 by $0.23. The firm earned $650.60 million during 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%. Mettler-Toledo International’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same period in the previous year, the company earned $3.26 EPS. On average, equities research analysts predict that Mettler-Toledo International Inc. will post $14.65 EPS for the current year.

Insider Buying and Selling by Quarter for Mettler-Toledo International (NYSE:MTD)

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Hedge funds have recently made changes to their positions 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 valued at $115,000 after buying an additional 10 shares in the last quarter. LS Investment Advisors LLC boosted its stake in shares of Mettler-Toledo International by 34.3% in the second quarter. LS Investment Advisors LLC now owns 2,734 shares of the company’s stock valued at $998,000 after buying an additional 698 shares in the last quarter. Dorsey Wright & Associates boosted its stake in shares of Mettler-Toledo International by 3.2% in the second quarter. Dorsey Wright & Associates now owns 6,649 shares of the company’s stock valued at $2,426,000 after buying an additional 204 shares in the last quarter. Acadian Asset Management LLC boosted its stake in shares of Mettler-Toledo International by 54.9% in the second quarter. Acadian Asset Management LLC now owns 624,257 shares of the company’s stock valued at $227,800,000 after buying an additional 221,233 shares in the last quarter. Finally, Nordea Investment Management AB boosted its stake in shares of Mettler-Toledo International by 18.7% in the second quarter. Nordea Investment Management AB now owns 28,205 shares of the company’s stock valued at $10,293,000 after buying an additional 4,434 shares in the last quarter. 97.86% of the stock is owned by institutional investors.

Several analysts have recently issued reports on the company. Zacks Investment Research upgraded Mettler-Toledo International from a “hold” rating to a “buy” rating and set a $470.00 price objective on the stock in a research note on Tuesday, November 15th. Bank of America Corp. upgraded Mettler-Toledo International from a “neutral” rating to a “buy” rating and increased their price objective for the company from $404.33 to $470.00 in a research note on Wednesday, August 31st. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target 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.

5 Day Chart for NYSE:MTD

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