Insider Selling: Mettler-Toledo International (NYSE:MTD) Insider Sells $754,311.75 in Stock

Key Points

• Insider Gerry Keller sold 435 Mettler-Toledo shares for about $754,312 at an average price of $1,734.05, reducing his stake by 62.68% to 259 shares.
• The company beat quarterly earnings and revenue expectations: EPS was $12.57 versus $12.13 forecast, and revenue reached $1.09 billion, up 6.3% year over year.
• Analyst views were mixed despite several price-target increases; MarketBeat reported a consensus Hold rating and an average target of $1,595.77.

Mettler-Toledo International, Inc. (NYSE:MTD - Get Free Report) insider Gerry Keller sold 435 shares of Mettler-Toledo International stock in a transaction on Monday, November 9th. The stock was sold at an average price of $1,734.05, for a total value of $754,311.75. Following the sale, the insider owned 259 shares in the company, valued at $449,118.95. The trade was a 62.68% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Mettler-Toledo International Stock Performance

NYSE MTD traded down $12.59 during trading hours on Tuesday, reaching $1,749.69. 45,623 shares of the company were exchanged, compared to its average volume of 183,790. Mettler-Toledo International, Inc. has a 1 year low of $1,023.05 and a 1 year high of $1,806.58. The business's 50 day simple moving average is $1,531.95 and its 200-day simple moving average is $1,347.54. The company has a quick ratio of 0.78, a current ratio of 1.12 and a debt-to-equity ratio of 159.45. The stock has a market capitalization of $35.06 billion, a P/E ratio of 37.94, a P/E/G ratio of 3.47 and a beta of 1.16.

Mettler-Toledo International (NYSE:MTD - Get Free Report) last released its earnings results on Thursday, November 5th. The medical instruments supplier reported $12.57 earnings per share for the quarter, beating analysts' consensus estimates of $12.13 by $0.44. Mettler-Toledo International had a net margin of 21.91% and a negative return on equity of 1,212.14%. The firm had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.07 billion. During the same period in the prior year, the firm earned $11.15 EPS. The company's revenue was up 6.3% compared to the same quarter last year. On average, equities research analysts expect that Mettler-Toledo International, Inc. will post 47.49 earnings per share for the current year.

Key Mettler-Toledo International News

Here are the key news stories impacting Mettler-Toledo International this week:

• Positive Sentiment: Barclays raised its price target to $1,900 from $1,700 and maintained an Overweight rating, implying about 9% upside from the cited share price. Barclays target update
• Positive Sentiment: Stifel Nicolaus lifted its target to $1,900 from $1,600 and maintained a Buy rating, signaling continued confidence in MTD’s potential. Stifel target update
• Neutral Sentiment: Robert W. Baird raised its target to $1,815 from $1,608 but kept a Neutral rating, suggesting limited upside at the cited price. Baird target update
• Negative Sentiment: JPMorgan raised its target to $1,725 from $1,550 but retained a Neutral rating; the new target was below the cited share price. JPMorgan rating update
• Negative Sentiment: Goldman Sachs increased its target to $1,640 from $1,510, but the revised target remained below the cited share price. Goldman Sachs target update

Institutional Investors Weigh In On Mettler-Toledo International

Several large investors have recently added to or reduced their stakes in MTD. Public Sector Pension Investment Board boosted its position in shares of Mettler-Toledo International by 180.9% during the 3rd quarter. Public Sector Pension Investment Board now owns 9,215 shares of the medical instruments supplier's stock valued at $14,746,000 after acquiring an additional 5,935 shares during the last quarter. Global Retirement Partners LLC raised its stake in Mettler-Toledo International by 4.3% in the third quarter. Global Retirement Partners LLC now owns 292 shares of the medical instruments supplier's stock valued at $441,000 after purchasing an additional 12 shares in the last quarter. Edgestream Partners L.P. bought a new stake in Mettler-Toledo International during the third quarter valued at approximately $3,892,000. Intech Investment Management LLC lifted its position in Mettler-Toledo International by 80.0% during the third quarter. Intech Investment Management LLC now owns 2,250 shares of the medical instruments supplier's stock valued at $3,400,000 after purchasing an additional 1,000 shares during the last quarter. Finally, Phoenix Financial Ltd. grew its stake in Mettler-Toledo International by 7.6% in the 3rd quarter. Phoenix Financial Ltd. now owns 183 shares of the medical instruments supplier's stock worth $277,000 after buying an additional 13 shares in the last quarter. Institutional investors own 95.07% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on MTD shares. Morgan Stanley lifted their target price on shares of Mettler-Toledo International from $1,450.00 to $1,575.00 and gave the stock an "equal weight" rating in a research note on Tuesday, October 13th. UBS Group began coverage on shares of Mettler-Toledo International in a research note on Wednesday, September 9th. They set a "neutral" rating and a $1,460.00 price target on the stock. Robert W. Baird raised their price objective on shares of Mettler-Toledo International from $1,608.00 to $1,815.00 and gave the stock a "neutral" rating in a report on Monday. Rothschild & Co Redburn began coverage on shares of Mettler-Toledo International in a research note on Wednesday, September 2nd. They issued a "sell" rating and a $1,200.00 price objective for the company. Finally, JPMorgan Chase & Co. boosted their target price on shares of Mettler-Toledo International from $1,550.00 to $1,725.00 and gave the company a "neutral" rating in a report on Monday. Six equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $1,595.77.

Mettler-Toledo International Company Profile

Mettler-Toledo International develops and manufactures precision instruments and systems used in laboratory, industrial, and retail settings. Its products include laboratory balances and analytical instruments, industrial scales and weighing systems, and equipment for measuring and monitoring production processes. The company also supplies product-inspection systems, including checkweighers, metal detectors, and X-ray inspection equipment, along with related software, installation, maintenance, and calibration services.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.