Mettler-Toledo International (NYSE:MTD) Director Thomas Salice Sells 417 Shares of Stock

Mettler-Toledo International, Inc. (NYSE:MTD) Director Thomas Salice sold 417 shares of the business’s stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $1,440.41, for a total transaction of $600,650.97. Following the completion of the sale, the director directly owned 292 shares of the company’s stock, valued at $420,599.72. This represents a 58.82% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Mettler-Toledo International Stock Up 0.6%

Shares of MTD opened at $1,429.14 on Friday. Mettler-Toledo International, Inc. has a 12 month low of $1,023.05 and a 12 month high of $1,525.17. The firm’s 50 day moving average is $1,267.38 and its 200-day moving average is $1,274.21. The stock has a market capitalization of $28.64 billion, a PE ratio of 32.17, a P/E/G ratio of 2.92 and a beta of 1.23. The company has a current ratio of 1.12, a quick ratio of 0.78 and a debt-to-equity ratio of 159.45.

Mettler-Toledo International (NYSE:MTD) last issued its quarterly earnings results on Friday, July 31st. The medical instruments supplier reported $11.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $10.78 by $0.68. The business had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $1.03 billion. Mettler-Toledo International had a negative return on equity of 1,212.14% and a net margin of 21.91%.The firm’s revenue for the quarter was up 4.5% compared to the same quarter last year. During the same period in the previous year, the company posted $10.09 earnings per share. Equities research analysts forecast that Mettler-Toledo International, Inc. will post 47.35 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Aware Super Pty Ltd as trustee of Aware Super acquired a new position in shares of Mettler-Toledo International in the first quarter valued at approximately $26,372,000. M&T Bank Corp boosted its position in Mettler-Toledo International by 2,813.6% during the 4th quarter. M&T Bank Corp now owns 124,205 shares of the medical instruments supplier’s stock worth $173,165,000 after buying an additional 119,942 shares during the period. Crossmark Global Holdings Inc. boosted its position in Mettler-Toledo International by 34.3% during the 4th quarter. Crossmark Global Holdings Inc. now owns 4,150 shares of the medical instruments supplier’s stock worth $5,786,000 after buying an additional 1,060 shares during the period. Strs Ohio grew its holdings in Mettler-Toledo International by 2,594.8% during the 4th quarter. Strs Ohio now owns 13,393 shares of the medical instruments supplier’s stock worth $18,672,000 after acquiring an additional 12,896 shares during the last quarter. Finally, SEB Asset Management AB bought a new stake in Mettler-Toledo International during the 1st quarter worth approximately $15,889,000. Institutional investors and hedge funds own 95.07% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on the company. JPMorgan Chase & Co. dropped their price target on Mettler-Toledo International from $1,413.00 to $1,200.00 and set a “neutral” rating for the company in a research note on Monday, May 11th. Wolfe Research initiated coverage on shares of Mettler-Toledo International in a report on Tuesday, June 2nd. They issued a “peer perform” rating on the stock. Wells Fargo & Company boosted their target price on shares of Mettler-Toledo International from $1,225.00 to $1,450.00 and gave the company an “equal weight” rating in a research report on Monday, August 3rd. Wall Street Zen downgraded shares of Mettler-Toledo International from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. Finally, Stifel Nicolaus increased their price target on shares of Mettler-Toledo International from $1,400.00 to $1,600.00 and gave the stock a “buy” rating in a research report on Monday, August 3rd. Six investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, Mettler-Toledo International has an average rating of “Hold” and an average price target of $1,461.27.

About Mettler-Toledo International

Mettler-Toledo International Inc is a global manufacturer and distributor of precision instruments and services for laboratory, industrial and food retail applications. The company’s product portfolio includes laboratory balances and analytical instruments, industrial weighing systems, process analytics and sensors, metal detection and x-ray inspection equipment, checkweighers, and a range of automated inspection and data-management solutions. Mettler-Toledo also provides software, calibration and lifecycle services intended to support compliance, quality control and operational efficiency across customer facilities.

The company serves a broad set of end markets including pharmaceutical and biotech laboratories, chemical and food processors, logistics and manufacturing operations, and retail environments where accurate weighing and inspection are critical.