Mettler-Toledo International Inc. (NYSE:MTD) Insider La Guerroniere Marc De Sells 4,000 Shares

Mettler-Toledo International Inc. (NYSE:MTD) insider La Guerroniere Marc De sold 4,000 shares of the business’s stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $724.60, for a total value of $2,898,400.00. Following the transaction, the insider now owns 16,557 shares in the company, valued at $11,997,202.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of NYSE:MTD traded down $8.18 during midday trading on Tuesday, reaching $715.78. 18,406 shares of the company’s stock were exchanged, compared to its average volume of 201,346. The company’s 50 day simple moving average is $706.74 and its two-hundred day simple moving average is $732.94. The firm has a market capitalization of $17.54 billion, a PE ratio of 35.23, a price-to-earnings-growth ratio of 2.40 and a beta of 1.34. Mettler-Toledo International Inc. has a 12 month low of $500.74 and a 12 month high of $873.51. The company has a debt-to-equity ratio of 2.57, a quick ratio of 0.95 and a current ratio of 1.34.

Mettler-Toledo International (NYSE:MTD) last issued its earnings results on Thursday, November 7th. The medical instruments supplier reported $5.77 earnings per share for the quarter, beating the consensus estimate of $5.71 by $0.06. The business had revenue of $753.90 million for the quarter, compared to analyst estimates of $751.34 million. Mettler-Toledo International had a net margin of 18.42% and a return on equity of 105.34%. The firm’s revenue was up 2.6% on a year-over-year basis. During the same period in the previous year, the business earned $5.12 EPS. On average, research analysts anticipate that Mettler-Toledo International Inc. will post 22.68 earnings per share for the current year.

Institutional investors and hedge funds have recently made changes to their positions in the business. Squarepoint Ops LLC acquired a new stake in shares of Mettler-Toledo International during the third quarter worth about $12,080,000. National Pension Service lifted its holdings in Mettler-Toledo International by 5.5% during the 3rd quarter. National Pension Service now owns 35,419 shares of the medical instruments supplier’s stock valued at $24,949,000 after purchasing an additional 1,841 shares during the last quarter. Banco de Sabadell S.A lifted its holdings in Mettler-Toledo International by 149.0% during the 3rd quarter. Banco de Sabadell S.A now owns 2,975 shares of the medical instruments supplier’s stock valued at $2,087,000 after purchasing an additional 1,780 shares during the last quarter. Public Employees Retirement System of Ohio boosted its position in Mettler-Toledo International by 1.7% during the third quarter. Public Employees Retirement System of Ohio now owns 10,115 shares of the medical instruments supplier’s stock worth $7,125,000 after purchasing an additional 166 shares during the period. Finally, Point72 Asset Management L.P. bought a new position in Mettler-Toledo International during the third quarter worth $564,000. Hedge funds and other institutional investors own 96.48% of the company’s stock.

A number of analysts have commented on the company. ValuEngine upgraded Mettler-Toledo International from a “sell” rating to a “hold” rating in a research report on Thursday, November 14th. Zacks Investment Research lowered Mettler-Toledo International from a “hold” rating to a “sell” rating and set a $760.00 price objective on the stock. in a report on Tuesday, November 5th. UBS Group lowered their price objective on Mettler-Toledo International from $680.00 to $670.00 and set a “sell” rating on the stock in a research report on Friday, November 8th. Barclays cut their target price on Mettler-Toledo International from $680.00 to $640.00 and set an “underweight” rating for the company in a research note on Wednesday, October 9th. Finally, Stifel Nicolaus began coverage on Mettler-Toledo International in a research note on Thursday, November 14th. They issued a “hold” rating and a $790.00 target price for the company. Four equities research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. The company presently has an average rating of “Sell” and an average price target of $716.00.

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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