Mettler-Toledo International Inc. (NYSE:MTD - Get Free Report) insider Christian Magloth sold 790 shares of the stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $1,313.69, for a total value of $1,037,815.10. Following the transaction, the insider now directly owns 734 shares of the company's stock, valued at approximately $964,248.46. This trade represents a 51.84 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.
Mettler-Toledo International Trading Down 1.4 %
NYSE:MTD opened at $1,290.12 on Thursday. Mettler-Toledo International Inc. has a twelve month low of $1,142.91 and a twelve month high of $1,546.93. The company has a market capitalization of $26.98 billion, a P/E ratio of 31.83, a price-to-earnings-growth ratio of 3.30 and a beta of 1.13. The firm has a 50-day moving average price of $1,289.38 and a two-hundred day moving average price of $1,331.49.
Mettler-Toledo International (NYSE:MTD - Get Free Report) last issued its quarterly earnings data on Thursday, February 13th. The medical instruments supplier reported $12.41 earnings per share for the quarter, topping analysts' consensus estimates of $11.76 by $0.65. Mettler-Toledo International had a net margin of 22.29% and a negative return on equity of 591.54%. On average, equities research analysts predict that Mettler-Toledo International Inc. will post 42.71 earnings per share for the current year.
Analyst Upgrades and Downgrades
A number of brokerages recently weighed in on MTD. Robert W. Baird upped their price objective on Mettler-Toledo International from $1,362.00 to $1,369.00 and gave the stock a "neutral" rating in a report on Monday, February 10th. Wolfe Research began coverage on shares of Mettler-Toledo International in a research note on Friday, December 13th. They set a "peer perform" rating on the stock. Wells Fargo & Company raised their price objective on shares of Mettler-Toledo International from $1,350.00 to $1,400.00 and gave the company an "equal weight" rating in a research note on Monday, February 10th. Stifel Nicolaus lowered their target price on shares of Mettler-Toledo International from $1,550.00 to $1,450.00 and set a "buy" rating on the stock in a research report on Monday, November 11th. Finally, Evercore ISI increased their target price on shares of Mettler-Toledo International from $1,450.00 to $1,475.00 and gave the company an "outperform" rating in a report on Monday, February 10th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Mettler-Toledo International has a consensus rating of "Hold" and a consensus target price of $1,368.00.
Check Out Our Latest Stock Analysis on Mettler-Toledo International
Hedge Funds Weigh In On Mettler-Toledo International
Institutional investors have recently made changes to their positions in the stock. Norges Bank acquired a new stake in shares of Mettler-Toledo International during the fourth quarter valued at $372,954,000. Proficio Capital Partners LLC acquired a new stake in shares of Mettler-Toledo International during the 4th quarter worth about $163,216,000. T. Rowe Price Investment Management Inc. grew its holdings in shares of Mettler-Toledo International by 36.1% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 363,107 shares of the medical instruments supplier's stock worth $444,327,000 after buying an additional 96,300 shares in the last quarter. Massachusetts Financial Services Co. MA grew its holdings in shares of Mettler-Toledo International by 53.0% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 214,281 shares of the medical instruments supplier's stock worth $262,211,000 after buying an additional 74,187 shares in the last quarter. Finally, Seilern Investment Management Ltd acquired a new position in shares of Mettler-Toledo International in the fourth quarter valued at approximately $89,221,000. 95.07% of the stock is owned by institutional investors and hedge funds.
About Mettler-Toledo International
(
Get Free Report)
Mettler-Toledo International Inc manufactures and supplies precision instruments and services in the Americas, Europe, Asia, and internationally. It operates through five segments: U.S. Operations, Swiss Operations, Western European Operations, Chinese Operations, and Other. The company's laboratory instruments include laboratory balances, liquid pipetting solutions, automated laboratory reactors, real-time analytics, titrators, pH meters, process analytics sensors and analyzer technologies, physical value analyzers, density and refractometry, thermal analysis systems, and other analytical instruments; and LabX, a laboratory software platform to manage and analyze data generated from its instruments.
Read More
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. This story was reviewed by InsiderTrades.com's editorial team prior to publication. Please send any questions or comments about this story to contact@insidertrades.com.
