Mettler-Toledo International Inc. (NYSE:MTD) CFO Shawn Vadala sold 700 shares of the stock in a transaction that occurred on Tuesday, May 14th. The shares were sold at an average price of $721.00, for a total value of $504,700.00. Following the completion of the sale, the chief financial officer now directly owns 5,450 shares of the company’s stock, valued at $3,929,450. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
Mettler-Toledo International stock traded down $13.22 during mid-day trading on Friday, hitting $731.76. 16,664 shares of the company were exchanged, compared to its average volume of 161,471. The company has a debt-to-equity ratio of 1.80, a current ratio of 1.37 and a quick ratio of 0.97. Mettler-Toledo International Inc. has a 1-year low of $500.74 and a 1-year high of $762.90. The firm has a market capitalization of $17.84 billion, a P/E ratio of 35.96, a P/E/G ratio of 2.31 and a beta of 1.33.
Mettler-Toledo International (NYSE:MTD) last released its quarterly earnings data on Thursday, May 9th. The medical instruments supplier reported $4.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.06 by $0.04. Mettler-Toledo International had a return on equity of 95.67% and a net margin of 17.98%. The firm had revenue of $679.50 million during the quarter, compared to analyst estimates of $673.55 million. During the same period in the prior year, the company posted $3.74 earnings per share. The business’s revenue for the quarter was up 2.8% compared to the same quarter last year. On average, equities research analysts predict that Mettler-Toledo International Inc. will post 22.7 EPS for the current fiscal year.
Several large investors have recently made changes to their positions in the company. CIBC Private Wealth Group LLC increased its stake in shares of Mettler-Toledo International by 3.3% in the first quarter. CIBC Private Wealth Group LLC now owns 470 shares of the medical instruments supplier’s stock valued at $340,000 after buying an additional 15 shares in the last quarter. Quadrant Private Wealth Management LLC boosted its holdings in Mettler-Toledo International by 4.5% during the fourth quarter. Quadrant Private Wealth Management LLC now owns 399 shares of the medical instruments supplier’s stock worth $226,000 after buying an additional 17 shares during the last quarter. Thrivent Financial for Lutherans boosted its holdings in Mettler-Toledo International by 1.7% during the fourth quarter. Thrivent Financial for Lutherans now owns 1,108 shares of the medical instruments supplier’s stock worth $627,000 after buying an additional 19 shares during the last quarter. Commonwealth Bank of Australia boosted its holdings in Mettler-Toledo International by 9.1% during the first quarter. Commonwealth Bank of Australia now owns 253 shares of the medical instruments supplier’s stock worth $181,000 after buying an additional 21 shares during the last quarter. Finally, Eukles Asset Management boosted its holdings in Mettler-Toledo International by 2.8% during the first quarter. Eukles Asset Management now owns 795 shares of the medical instruments supplier’s stock worth $575,000 after buying an additional 22 shares during the last quarter. Institutional investors own 96.04% of the company’s stock.
Several research firms have recently weighed in on MTD. Bank of America reissued a “neutral” rating and issued a $755.00 price objective (up from $725.00) on shares of Mettler-Toledo International in a research report on Tuesday, April 16th. Zacks Investment Research lowered Mettler-Toledo International from a “buy” rating to a “hold” rating in a research note on Thursday. Barclays restated a “hold” rating on shares of Mettler-Toledo International in a research note on Wednesday. Finally, ValuEngine lowered Mettler-Toledo International from a “buy” rating to a “hold” rating in a research note on Monday. One investment analyst has rated the stock with a sell rating and seven have assigned a hold rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $658.80.
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Mettler-Toledo International Company Profile
Mettler-Toledo International Inc manufactures and supplies precision instruments and services worldwide. The company operates in five segments: U.S. Operations, Swiss Operations, Western European Operations, Chinese Operations, and Other. It offers weighing instruments for laboratory, industrial, packaging, logistics, and food retailing applications; various related analytical instruments and provides automated chemistry solutions used in drug and chemical compound discovery and development; metal detection and other end-of-line product inspection systems used in production and packaging for food processing and packaging, pharmaceutical, packaged consumer goods, and other industries; and solutions that are used in various process analytics applications.
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