Mettler-Toledo International (NYSE:MTD) CEO Sells $1,342,350.00 in Stock

Mettler-Toledo International, Inc. (NYSE:MTD) CEO Patrick Kaltenbach sold 942 shares of the company’s stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of $1,425.00, for a total transaction of $1,342,350.00. Following the completion of the sale, the chief executive officer owned 4,480 shares in the company, valued at approximately $6,384,000. This trade represents a 17.37% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Mettler-Toledo International Stock Down 0.6%

Shares of Mettler-Toledo International stock opened at $1,367.23 on Thursday. The business has a 50-day moving average price of $1,357.73 and a 200 day moving average price of $1,274.28. Mettler-Toledo International, Inc. has a fifty-two week low of $1,023.05 and a fifty-two week high of $1,525.17. The firm has a market cap of $27.40 billion, a P/E ratio of 30.77, a P/E/G ratio of 2.83 and a beta of 1.22. The company has a quick ratio of 0.78, a current ratio of 1.12 and a debt-to-equity ratio of 159.45.

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

Institutional Investors Weigh In On Mettler-Toledo International

Hedge funds have recently made changes to their positions in the business. Aware Super Pty Ltd as trustee of Aware Super bought a new stake in shares of Mettler-Toledo International during the first quarter valued at about $26,372,000. Strs Ohio grew its position in Mettler-Toledo International by 2,594.8% in the 4th quarter. Strs Ohio now owns 13,393 shares of the medical instruments supplier’s stock valued at $18,672,000 after buying an additional 12,896 shares in the last quarter. Crossmark Global Holdings Inc. increased its stake 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 valued at $5,786,000 after buying an additional 1,060 shares during the period. SEB Asset Management AB acquired a new position in Mettler-Toledo International during the 1st quarter valued at about $15,889,000. Finally, Fifth Third Bancorp raised its position in shares of Mettler-Toledo International by 377.3% during the 1st quarter. Fifth Third Bancorp now owns 4,181 shares of the medical instruments supplier’s stock worth $5,272,000 after buying an additional 3,305 shares in the last quarter. Institutional investors own 95.07% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on MTD shares. Citigroup cut their target price on shares of Mettler-Toledo International from $1,700.00 to $1,550.00 and set a “buy” rating on the stock in a report on Friday, May 8th. Wall Street Zen downgraded Mettler-Toledo International from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. JPMorgan Chase & Co. reduced their price objective on Mettler-Toledo International from $1,413.00 to $1,200.00 and set a “neutral” rating for the company in a research report on Monday, May 11th. Barclays increased their target price on Mettler-Toledo International from $1,300.00 to $1,575.00 and gave the stock an “overweight” rating in a research report on Monday, August 3rd. Finally, Stifel Nicolaus raised their target price on Mettler-Toledo International from $1,400.00 to $1,600.00 and gave the company a “buy” rating in a research note on Monday, August 3rd. Six equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $1,445.31.

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.