Insider Selling: Mettler-Toledo International Inc. (NYSE:MTD) Insider Sells 750 Shares of Stock

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Mettler-Toledo International Inc. (NYSE:MTD) insider Christian Magloth sold 750 shares of the company’s stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $772.09, for a total value of $579,067.50. Following the completion of the sale, the insider now owns 901 shares in the company, valued at $695,653.09. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Shares of NYSE:MTD opened at $763.20 on Friday. The company has a quick ratio of 1.11, a current ratio of 1.47 and a debt-to-equity ratio of 2.94. Mettler-Toledo International Inc. has a 52-week low of $638.92 and a 52-week high of $873.51. The stock’s fifty day simple moving average is $799.24 and its 200-day simple moving average is $731.20. The company has a market capitalization of $18.51 billion, a P/E ratio of 33.73, a P/E/G ratio of 2.33 and a beta of 1.39.

Mettler-Toledo International (NYSE:MTD) last issued its quarterly earnings data on Thursday, February 6th. The medical instruments supplier reported $7.78 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $7.68 by $0.10. The business had revenue of $843.97 million for the quarter, compared to the consensus estimate of $835.43 million. Mettler-Toledo International had a return on equity of 118.08% and a net margin of 18.65%. The business’s revenue was up 3.2% on a year-over-year basis. During the same period in the prior year, the business earned $6.85 earnings per share. On average, sell-side analysts anticipate that Mettler-Toledo International Inc. will post 24.99 earnings per share for the current year.

Several analysts have recently issued reports on MTD shares. UBS Group upgraded Mettler-Toledo International from a “sell” rating to a “neutral” rating and set a $786.00 price objective on the stock in a research report on Friday, February 7th. Wells Fargo & Co started coverage on Mettler-Toledo International in a research report on Tuesday, January 7th. They issued an “equal weight” rating and a $815.00 price objective on the stock. Bank of America downgraded Mettler-Toledo International from a “buy” rating to a “neutral” rating in a research report on Friday, January 3rd. Zacks Investment Research downgraded Mettler-Toledo International from a “hold” rating to a “sell” rating and set a $845.00 price objective on the stock. in a research report on Friday, January 3rd. Finally, Stifel Nicolaus started coverage on Mettler-Toledo International in a research report on Thursday, November 14th. They issued a “hold” rating and a $790.00 price objective on the stock. Two analysts have rated the stock with a sell rating and six have given a hold rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $770.86.

A number of institutional investors have recently added to or reduced their stakes in MTD. Goldman Sachs Group Inc. increased its stake in Mettler-Toledo International by 151.6% in the fourth quarter. Goldman Sachs Group Inc. now owns 438,134 shares of the medical instruments supplier’s stock valued at $347,563,000 after purchasing an additional 264,002 shares during the last quarter. BlackRock Inc. increased its stake in Mettler-Toledo International by 7.4% in the second quarter. BlackRock Inc. now owns 1,858,924 shares of the medical instruments supplier’s stock valued at $1,561,497,000 after purchasing an additional 128,157 shares during the last quarter. Loomis Sayles & Co. L P increased its stake in Mettler-Toledo International by 43.5% in the fourth quarter. Loomis Sayles & Co. L P now owns 172,478 shares of the medical instruments supplier’s stock valued at $136,824,000 after purchasing an additional 52,295 shares during the last quarter. Chilton Investment Co. LLC increased its stake in Mettler-Toledo International by 104.6% in the third quarter. Chilton Investment Co. LLC now owns 92,842 shares of the medical instruments supplier’s stock valued at $65,398,000 after purchasing an additional 47,471 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA increased its stake in Mettler-Toledo International by 7.8% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 549,920 shares of the medical instruments supplier’s stock valued at $436,240,000 after purchasing an additional 39,922 shares during the last quarter. Hedge funds and other institutional investors own 95.88% of the company’s stock.

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

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