Mettler-Toledo International, Inc. (NYSE:MTD) CFO Shawn Vadala Sells 1,500 Shares of Stock

Mettler-Toledo International, Inc. (NYSE:MTD) CFO Shawn Vadala sold 1,500 shares of the stock in a transaction on Friday, August 4th. The stock was sold at an average price of $577.00, for a total value of $865,500.00. Following the completion of the transaction, the chief financial officer now directly owns 6,525 shares of the company’s stock, valued at approximately $3,764,925. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Shares of Mettler-Toledo International, Inc. (NYSE:MTD) opened at 581.62 on Tuesday. The stock has a 50 day moving average price of $594.32 and a 200 day moving average price of $522.25. The firm has a market cap of $14.93 billion, a price-to-earnings ratio of 35.77 and a beta of 1.13. Mettler-Toledo International, Inc. has a one year low of $386.01 and a one year high of $618.13.

Mettler-Toledo International (NYSE:MTD) last released its earnings results on Thursday, July 27th. The medical instruments supplier reported $3.92 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $3.89 by $0.03. The company had revenue of $653.70 million during the quarter, compared to analysts’ expectations of $646.68 million. Mettler-Toledo International had a return on equity of 95.28% and a net margin of 16.60%. The business’s revenue for the quarter was up 7.5% on a year-over-year basis. During the same period last year, the firm earned $3.22 EPS. On average, equities research analysts forecast that Mettler-Toledo International, Inc. will post $16.95 EPS for the current year.

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Several research analysts have recently issued reports on MTD shares. Zacks Investment Research upgraded Mettler-Toledo International from a “hold” rating to a “buy” rating and set a $665.00 price objective for the company in a report on Wednesday, June 7th. Cleveland Research upgraded Mettler-Toledo International from a “neutral” rating to a “buy” rating in a report on Wednesday, April 19th. BidaskClub upgraded Mettler-Toledo International from a “buy” rating to a “strong-buy” rating in a report on Wednesday, July 12th. Jefferies Group LLC restated a “hold” rating and issued a $550.00 price objective on shares of Mettler-Toledo International in a report on Thursday, July 27th. Finally, Wells Fargo & Company upgraded Mettler-Toledo International from a “market perform” rating to an “outperform” rating in a report on Wednesday, July 12th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $569.80.

Large investors have recently added to or reduced their stakes in the stock. Israel Discount Bank of New York purchased a new stake in Mettler-Toledo International during the first quarter valued at approximately $102,000. First Personal Financial Services boosted its stake in Mettler-Toledo International by 2.8% in the second quarter. First Personal Financial Services now owns 186 shares of the medical instruments supplier’s stock valued at $109,000 after buying an additional 5 shares during the period. YorkBridge Wealth Partners LLC boosted its stake in Mettler-Toledo International by 11.0% in the first quarter. YorkBridge Wealth Partners LLC now owns 222 shares of the medical instruments supplier’s stock valued at $115,000 after buying an additional 22 shares during the period. TLP Group LLC purchased a new stake in Mettler-Toledo International during the first quarter valued at approximately $144,000. Finally, Penserra Capital Management LLC boosted its stake in Mettler-Toledo International by 9.5% in the first quarter. Penserra Capital Management LLC now owns 414 shares of the medical instruments supplier’s stock valued at $198,000 after buying an additional 36 shares during the period. 96.22% of the stock is owned by institutional investors.

Mettler-Toledo International Company Profile

Mettler-Toledo International Inc is a supplier of precision instruments and services. The Company operates through five segments: U.S. Operations, Swiss Operations, Western European Operations, Chinese Operations and Other. The Company manufactures weighing instruments for use in laboratory, industrial, packaging, logistics and food retailing applications.

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

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