Mettler-Toledo International, Inc. (MTD) Director Thomas P. Salice Sells 890 Shares

Mettler-Toledo International, Inc. (NYSE:MTD) Director Thomas P. Salice sold 890 shares of the company’s stock in a transaction that occurred on Thursday, September 7th. The shares were sold at an average price of $611.00, for a total transaction of $543,790.00. Following the completion of the sale, the director now owns 62,437 shares of the company’s stock, valued at approximately $38,149,007. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Mettler-Toledo International, Inc. (NYSE:MTD) traded up 0.693% on Monday, reaching $616.945. 42,692 shares of the company’s stock traded hands. Mettler-Toledo International, Inc. has a 52-week low of $386.01 and a 52-week high of $619.48. The firm has a market cap of $15.84 billion, a price-to-earnings ratio of 37.938 and a beta of 1.11. The stock’s 50 day moving average is $588.62 and its 200 day moving average is $549.85.

Mettler-Toledo International (NYSE:MTD) last announced its earnings results on Thursday, July 27th. The medical instruments supplier reported $3.92 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $3.89 by $0.03. The company had revenue of $653.70 million during the quarter, compared to analysts’ expectations of $646.68 million. Mettler-Toledo International had a net margin of 16.60% and a return on equity of 95.28%. Mettler-Toledo International’s quarterly revenue was up 7.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $3.22 earnings per share. On average, equities research analysts predict that Mettler-Toledo International, Inc. will post $17.33 EPS for the current fiscal year.

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Several equities research analysts recently commented on the stock. Morgan Stanley restated an “equal weight” rating and issued a $565.00 price target (up previously from $533.00) on shares of Mettler-Toledo International in a research report on Saturday, July 22nd. Zacks Investment Research upgraded shares of Mettler-Toledo International from a “hold” rating to a “buy” rating and set a $684.00 price target for the company in a research report on Friday, July 21st. Wells Fargo & Company upgraded shares of Mettler-Toledo International from a “market perform” rating to an “outperform” rating in a research report on Wednesday, July 12th. BidaskClub upgraded shares of Mettler-Toledo International from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, July 12th. Finally, Jefferies Group LLC restated a “hold” rating and issued a $550.00 price target on shares of Mettler-Toledo International in a research report on Thursday, July 27th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $569.80.

Several institutional investors have recently made changes to their positions in MTD. Nationwide Fund Advisors boosted its position in shares of Mettler-Toledo International by 1.5% in the first quarter. Nationwide Fund Advisors now owns 7,387 shares of the medical instruments supplier’s stock valued at $3,538,000 after acquiring an additional 110 shares during the period. Janney Montgomery Scott LLC boosted its position in shares of Mettler-Toledo International by 76.3% in the first quarter. Janney Montgomery Scott LLC now owns 1,035 shares of the medical instruments supplier’s stock valued at $496,000 after acquiring an additional 448 shares during the period. Commerzbank Aktiengesellschaft FI bought a new stake in shares of Mettler-Toledo International in the first quarter valued at about $431,000. Flinton Capital Management LLC boosted its position in shares of Mettler-Toledo International by 12.1% in the first quarter. Flinton Capital Management LLC now owns 592 shares of the medical instruments supplier’s stock valued at $283,000 after acquiring an additional 64 shares during the period. Finally, Henderson Group PLC boosted its position in shares of Mettler-Toledo International by 3.1% in the first quarter. Henderson Group PLC now owns 3,367 shares of the medical instruments supplier’s stock valued at $1,612,000 after acquiring an additional 100 shares during the period. 93.14% of the stock is owned by institutional investors.

Mettler-Toledo International Company Profile

Mettler-Toledo International Inc is a supplier of precision instruments and services. The Company operates through five segments: U.S. Operations, Swiss Operations, Western European Operations, Chinese Operations and Other. The Company manufactures weighing instruments for use in laboratory, industrial, packaging, logistics and food retailing applications.

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

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