Insider Selling: Mettler-Toledo International, Inc. (NYSE:MTD) Insider Sells 165 Shares of Stock

Key Points

• Gerry Keller, an insider at Mettler-Toledo International, sold 165 shares of stock for a total of $215,925.60, resulting in a 63.71% decrease in their ownership.
• Mettler-Toledo reported $10.09 EPS, beating estimates, with a revenue of $983.22 million for the last quarter.
• The company's stock currently trades at approximately $1,321.47 with a consensus price target of $1,288.89 according to analysts.

Mettler-Toledo International, Inc. (NYSE:MTD - Get Free Report) insider Gerry Keller sold 165 shares of the firm's stock in a transaction on Thursday, August 14th. The stock was sold at an average price of $1,308.64, for a total value of $215,925.60. Following the sale, the insider directly owned 94 shares of the company's stock, valued at approximately $123,012.16. This represents a 63.71% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Mettler-Toledo International Trading Up 0.7%

MTD traded up $9.13 on Monday, hitting $1,321.47. 22,521 shares of the stock traded hands, compared to its average volume of 174,116. Mettler-Toledo International, Inc. has a 52 week low of $946.69 and a 52 week high of $1,521.01. The firm has a market capitalization of $27.22 billion, a PE ratio of 33.46, a P/E/G ratio of 3.94 and a beta of 1.34. The business has a fifty day moving average price of $1,215.67 and a two-hundred day moving average price of $1,188.24.

Mettler-Toledo International (NYSE:MTD - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The medical instruments supplier reported $10.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $9.58 by $0.51. The firm had revenue of $983.22 million for the quarter, compared to analyst estimates of $957.41 million. Mettler-Toledo International had a negative return on equity of 476.07% and a net margin of 21.46%. The company's quarterly revenue was up 3.9% compared to the same quarter last year. During the same period in the previous year, the company posted $9.65 earnings per share. On average, equities research analysts forecast that Mettler-Toledo International, Inc. will post 42.71 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on MTD shares. Evercore ISI reduced their price objective on Mettler-Toledo International from $1,280.00 to $1,275.00 and set an "outperform" rating for the company in a research note on Monday, August 4th. Wells Fargo & Company upped their price target on Mettler-Toledo International from $1,125.00 to $1,200.00 and gave the company an "equal weight" rating in a research report on Monday, May 5th. UBS Group raised Mettler-Toledo International from a "neutral" rating to a "buy" rating and dropped their price target for the company from $1,530.00 to $1,350.00 in a research report on Tuesday, May 20th. Wall Street Zen lowered Mettler-Toledo International from a "buy" rating to a "hold" rating in a research report on Monday, May 5th. Finally, Robert W. Baird boosted their target price on Mettler-Toledo International from $1,210.00 to $1,230.00 and gave the company a "neutral" rating in a research note on Monday, August 4th. Six equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $1,288.89.

Institutional Investors Weigh In On Mettler-Toledo International

A number of institutional investors have recently added to or reduced their stakes in MTD. WPG Advisers LLC acquired a new position in Mettler-Toledo International during the 1st quarter worth $41,000. NewSquare Capital LLC lifted its holdings in Mettler-Toledo International by 94.4% during the 2nd quarter. NewSquare Capital LLC now owns 35 shares of the medical instruments supplier's stock worth $41,000 after buying an additional 17 shares in the last quarter. MV Capital Management Inc. lifted its holdings in Mettler-Toledo International by 50.0% during the 2nd quarter. MV Capital Management Inc. now owns 36 shares of the medical instruments supplier's stock worth $42,000 after buying an additional 12 shares in the last quarter. Zions Bancorporation National Association UT acquired a new position in Mettler-Toledo International during the 1st quarter worth $43,000. Finally, Golden State Wealth Management LLC raised its position in shares of Mettler-Toledo International by 583.3% during the 1st quarter. Golden State Wealth Management LLC now owns 41 shares of the medical instruments supplier's stock valued at $48,000 after acquiring an additional 35 shares during the last quarter. 95.07% of the stock is owned by institutional investors and hedge funds.

Mettler-Toledo International Company Profile

Mettler-Toledo International Inc manufactures and supplies precision instruments and services in the Americas, Europe, Asia, and internationally. It operates through five segments: U.S. Operations, Swiss Operations, Western European Operations, Chinese Operations, and Other. The company's laboratory instruments include laboratory balances, liquid pipetting solutions, automated laboratory reactors, real-time analytics, titrators, pH meters, process analytics sensors and analyzer technologies, physical value analyzers, density and refractometry, thermal analysis systems, and other analytical instruments; and LabX, a laboratory software platform to manage and analyze data generated from its instruments.

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