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.
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