Mettler-Toledo International (NYSE:MTD) Director Thomas Salice Sells 415 Shares

Mettler-Toledo International, Inc. (NYSE:MTD) Director Thomas Salice sold 415 shares of the firm’s stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $1,444.62, for a total value of $599,517.30. Following the sale, the director directly owned 292 shares of the company’s stock, valued at $421,829.04. This represents a 58.70% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Mettler-Toledo International Trading Down 1.2%

Shares of MTD stock opened at $1,420.36 on Thursday. Mettler-Toledo International, Inc. has a fifty-two week low of $1,023.05 and a fifty-two week high of $1,525.17. The company has a debt-to-equity ratio of 159.45, a quick ratio of 0.78 and a current ratio of 1.12. The stock has a 50 day simple moving average of $1,257.36 and a two-hundred day simple moving average of $1,273.39. The company has a market cap of $28.46 billion, a P/E ratio of 31.97, a PEG ratio of 2.95 and a beta of 1.23.

Mettler-Toledo International (NYSE:MTD) last posted its quarterly earnings results on Friday, July 31st. The medical instruments supplier reported $11.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $10.78 by $0.68. The firm had revenue of $1.03 billion for the quarter, compared to analysts’ expectations of $1.03 billion. Mettler-Toledo International had a negative return on equity of 1,212.14% and a net margin of 21.91%.The company’s revenue for the quarter was up 4.5% compared to the same quarter last year. During the same period in the prior year, the business earned $10.09 EPS. Research analysts forecast that Mettler-Toledo International, Inc. will post 47.37 earnings per share for the current year.

Institutional Trading of Mettler-Toledo International

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Whipplewood Advisors LLC bought a new position in shares of Mettler-Toledo International in the first quarter valued at approximately $25,000. Reflection Asset Management purchased a new stake in Mettler-Toledo International in the 4th quarter valued at $26,000. Elyxium Wealth LLC bought a new position in Mettler-Toledo International during the 4th quarter valued at $29,000. Root Financial Partners LLC boosted its holdings in Mettler-Toledo International by 45.5% during the 1st quarter. Root Financial Partners LLC now owns 32 shares of the medical instruments supplier’s stock worth $40,000 after acquiring an additional 10 shares during the last quarter. Finally, DV Equities LLC purchased a new position in Mettler-Toledo International during the 4th quarter worth $40,000. 95.07% of the stock is owned by institutional investors.

Key Mettler-Toledo International News

Here are the key news stories impacting Mettler-Toledo International this week:

• Positive Sentiment: Analyst price-target increases: Stifel Nicolaus raised its price target to $1,600, while Wells Fargo lifted its target to $1,450. Barclays also indicated that the stock is expected to rise, supporting the view that analysts see additional upside. Stifel Nicolaus Increases Mettler-Toledo International Price Target Wells Fargo Boosts Mettler-Toledo International Price Target Barclays Analyst Expects Mettler-Toledo Stock to Rise
• Positive Sentiment: Morgan Stanley raised its target: Morgan Stanley increased its target from $1,275 to $1,450, although it maintained an “equal weight” rating, signaling limited conviction relative to a bullish recommendation. Morgan Stanley Raises Mettler-Toledo Price Target
• Positive Sentiment: Institutional buying: Baron Capital added to its MTD position following a sharp decline, suggesting at least one investment manager viewed the weakness as an opportunity. Baron Capital Added to Mettler-Toledo
• Negative Sentiment: Multiple insider sales: CFO Shawn Vadala sold 2,240 shares for approximately $3.21 million, reducing his holdings by 28.65%. Director Thomas P. Salice sold 415 shares worth about $599,500, while insider Gerry Keller sold 240 shares worth roughly $342,500. The transactions reduce insider ownership and may weigh on sentiment, although the filings do not establish the reasons for the sales.

Analyst Ratings Changes

MTD has been the subject of several research analyst reports. Weiss Ratings raised shares of Mettler-Toledo International from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday. JPMorgan Chase & Co. cut their price objective on shares of Mettler-Toledo International from $1,413.00 to $1,200.00 and set a “neutral” rating on the stock in a research report on Monday, May 11th. Morgan Stanley boosted their target price on Mettler-Toledo International from $1,275.00 to $1,450.00 and gave the company an “equal weight” rating in a research report on Tuesday. Wall Street Zen downgraded Mettler-Toledo International from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. Finally, Citigroup reduced their price objective on Mettler-Toledo International from $1,700.00 to $1,550.00 and set a “buy” rating for the company in a research note on Friday, May 8th. Six research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $1,461.27.

About Mettler-Toledo International

Mettler-Toledo International Inc is a global manufacturer and distributor of precision instruments and services for laboratory, industrial and food retail applications. The company’s product portfolio includes laboratory balances and analytical instruments, industrial weighing systems, process analytics and sensors, metal detection and x-ray inspection equipment, checkweighers, and a range of automated inspection and data-management solutions. Mettler-Toledo also provides software, calibration and lifecycle services intended to support compliance, quality control and operational efficiency across customer facilities.

The company serves a broad set of end markets including pharmaceutical and biotech laboratories, chemical and food processors, logistics and manufacturing operations, and retail environments where accurate weighing and inspection are critical.