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.
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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