Mettler-Toledo International Inc. (NYSE:MTD) Insider Gerry Keller Sells 600 Shares

Mettler-Toledo International Inc. (NYSE:MTD) insider Gerry Keller sold 600 shares of the firm’s stock in a transaction on Monday, February 10th. The shares were sold at an average price of $1,351.34, for a total transaction of $810,804.00. Following the transaction, the insider now owns 6 shares in the company, valued at $8,108.04. This represents a 99.01 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Gerry Keller also recently made the following trade(s):

• On Tuesday, December 3rd, Gerry Keller sold 140 shares of Mettler-Toledo International stock. The stock was sold at an average price of $1,254.09, for a total value of $175,572.60.

Mettler-Toledo International Price Performance

Shares of NYSE MTD traded down $34.89 during mid-day trading on Wednesday, hitting $1,297.08. The company had a trading volume of 36,163 shares, compared to its average volume of 133,170. Mettler-Toledo International Inc. has a 12 month low of $1,133.46 and a 12 month high of $1,546.93. The firm has a market cap of $27.37 billion, a P/E ratio of 31.95, a PEG ratio of 4.80 and a beta of 1.13. The business’s 50-day simple moving average is $1,281.95 and its 200-day simple moving average is $1,341.62.

Mettler-Toledo International (NYSE:MTD) last issued its earnings results on Thursday, February 13th. The medical instruments supplier reported $12.41 EPS for the quarter, beating analysts’ consensus estimates of $11.76 by $0.65. Mettler-Toledo International had a negative return on equity of 564.51% and a net margin of 22.29%. As a group, sell-side analysts predict that Mettler-Toledo International Inc. will post 41.94 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in MTD. Allstate Corp acquired a new position in Mettler-Toledo International during the fourth quarter worth $764,000. DnB Asset Management AS lifted its holdings in Mettler-Toledo International by 2.8% during the 4th quarter. DnB Asset Management AS now owns 4,039 shares of the medical instruments supplier’s stock valued at $4,942,000 after purchasing an additional 109 shares during the last quarter. Pictet Asset Management Holding SA boosted its position in Mettler-Toledo International by 14.4% in the fourth quarter. Pictet Asset Management Holding SA now owns 12,654 shares of the medical instruments supplier’s stock valued at $15,484,000 after buying an additional 1,591 shares in the last quarter. Nomura Asset Management Co. Ltd. boosted its position in Mettler-Toledo International by 0.4% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 8,489 shares of the medical instruments supplier’s stock valued at $10,388,000 after buying an additional 30 shares in the last quarter. Finally, Norges Bank bought a new stake in Mettler-Toledo International during the fourth quarter worth about $372,954,000. Institutional investors and hedge funds own 95.07% of the company’s stock.

Analyst Ratings Changes

MTD has been the subject of several analyst reports. Stifel Nicolaus reduced their target price on Mettler-Toledo International from $1,550.00 to $1,450.00 and set a “buy” rating for the company in a report on Monday, November 11th. Wells Fargo & Company upped their price objective on shares of Mettler-Toledo International from $1,350.00 to $1,400.00 and gave the stock an “equal weight” rating in a report on Monday. Evercore ISI lifted their target price on shares of Mettler-Toledo International from $1,450.00 to $1,475.00 and gave the stock an “outperform” rating in a report on Monday. Wolfe Research initiated coverage on shares of Mettler-Toledo International in a report on Friday, December 13th. They set a “peer perform” rating for the company. Finally, Citigroup raised Mettler-Toledo International from a “sell” rating to a “neutral” rating and raised their price target for the company from $1,200.00 to $1,300.00 in a research report on Wednesday, December 11th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, Mettler-Toledo International presently has an average rating of “Hold” and an average price target of $1,368.00.

About Mettler-Toledo International

Mettler-Toledo International Inc manufactures and supplies precision instruments and services in the Americas, Europe, Asia, and internationally. It operates through five segments: U.S. Operations, Swiss Operations, Western European Operations, Chinese Operations, and Other. The company’s laboratory instruments include laboratory balances, liquid pipetting solutions, automated laboratory reactors, real-time analytics, titrators, pH meters, process analytics sensors and analyzer technologies, physical value analyzers, density and refractometry, thermal analysis systems, and other analytical instruments; and LabX, a laboratory software platform to manage and analyze data generated from its instruments.