Insider Selling: Mettler-Toledo International (NYSE:MTD) Insider Sells $754,311.75 in Stock

Mettler-Toledo International, Inc. (NYSE:MTD) insider Gerry Keller sold 435 shares of the firm’s stock in a transaction dated Monday, November 9th. The shares were sold at an average price of $1,734.05, for a total value of $754,311.75. Following the sale, the insider owned 259 shares in the company, valued at $449,118.95. The trade was a 62.68% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Mettler-Toledo International Price Performance

MTD stock traded down $12.59 during mid-day trading on Tuesday, hitting $1,749.69. 45,623 shares of the stock were exchanged, compared to its average volume of 183,790. The business has a fifty day moving average price of $1,531.95 and a 200 day moving average price of $1,347.54. Mettler-Toledo International, Inc. has a 12 month low of $1,023.05 and a 12 month high of $1,806.58. The company has a debt-to-equity ratio of 159.45, a current ratio of 1.12 and a quick ratio of 0.78. The stock has a market capitalization of $35.06 billion, a price-to-earnings ratio of 37.94, a PEG ratio of 3.47 and a beta of 1.16.

Mettler-Toledo International (NYSE:MTD) last announced its quarterly earnings data on Thursday, November 5th. The medical instruments supplier reported $12.57 EPS for the quarter, beating the consensus estimate of $12.13 by $0.44. The firm had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.07 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 was up 6.3% on a year-over-year basis. During the same period in the prior year, the company earned $11.15 EPS. On average, sell-side analysts anticipate that Mettler-Toledo International, Inc. will post 47.49 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of MTD. Edmond DE Rothschild Holding S.A. purchased a new position in shares of Mettler-Toledo International during the second quarter valued at approximately $26,000. Transamerica Financial Advisors LLC bought a new stake in shares of Mettler-Toledo International during the 2nd quarter valued at about $32,000. Provenance Wealth Advisors LLC purchased a new position in shares of Mettler-Toledo International during the third quarter valued at about $54,000. Root Financial Partners LLC purchased a new position in shares of Mettler-Toledo International during the third quarter valued at about $56,000. Finally, Principia Wealth Advisory LLC raised its stake in Mettler-Toledo International by 2,050.0% in the second quarter. Principia Wealth Advisory LLC now owns 43 shares of the medical instruments supplier’s stock worth $55,000 after buying an additional 41 shares in the last quarter. Institutional investors own 95.07% of the company’s stock.

Wall Street Analysts Forecast Growth

MTD has been the topic of several recent research reports. Weiss Ratings raised shares of Mettler-Toledo International from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, October 19th. Stifel Nicolaus boosted their price target on shares of Mettler-Toledo International from $1,600.00 to $1,900.00 and gave the stock a “buy” rating in a research note on Monday. JPMorgan Chase & Co. upped their price target on shares of Mettler-Toledo International from $1,550.00 to $1,725.00 and gave the company a “neutral” rating in a research report on Monday. Jefferies Financial Group raised their price objective on Mettler-Toledo International from $1,400.00 to $1,580.00 and gave the company a “buy” rating in a research note on Friday, July 31st. Finally, Rothschild & Co Redburn assumed coverage on Mettler-Toledo International in a report on Wednesday, September 2nd. They issued a “sell” rating and a $1,200.00 price objective on the stock. Six investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $1,595.77.

Key Stories Impacting Mettler-Toledo International

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

• Positive Sentiment: Barclays raised its price target to $1,900 from $1,700 and maintained an Overweight rating, implying about 9% upside from the cited share price. Barclays target update
• Positive Sentiment: Stifel Nicolaus lifted its target to $1,900 from $1,600 and maintained a Buy rating, signaling continued confidence in MTD’s potential. Stifel target update
• Neutral Sentiment: Robert W. Baird raised its target to $1,815 from $1,608 but kept a Neutral rating, suggesting limited upside at the cited price. Baird target update
• Negative Sentiment: JPMorgan raised its target to $1,725 from $1,550 but retained a Neutral rating; the new target was below the cited share price. JPMorgan rating update
• Negative Sentiment: Goldman Sachs increased its target to $1,640 from $1,510, but the revised target remained below the cited share price. Goldman Sachs target update

Mettler-Toledo International Company Profile

Mettler-Toledo International develops and manufactures precision instruments and systems used in laboratory, industrial, and retail settings. Its products include laboratory balances and analytical instruments, industrial scales and weighing systems, and equipment for measuring and monitoring production processes. The company also supplies product-inspection systems, including checkweighers, metal detectors, and X-ray inspection equipment, along with related software, installation, maintenance, and calibration services.