Mettler-Toledo International, Inc. (NYSE:MTD) CFO Sells $376,227.00 in Stock

Key Points

• Mettler-Toledo International's CFO Shawn Vadala sold 300 shares of stock for $376,227, reducing his ownership by 5.56% to 5,095 shares, valued at approximately $6.4 million.
• The company's quarterly earnings report showed EPS of $10.09, surpassing estimates of $9.58, and a revenue increase of 3.9% year-over-year.
• Analysts' ratings for Mettler-Toledo divided opinions, with six maintaining a "hold" rating while five rated it as a "buy," reflecting mixed investor sentiment.

Mettler-Toledo International, Inc. (NYSE:MTD - Get Free Report) CFO Shawn Vadala sold 300 shares of the firm's stock in a transaction that occurred on Friday, August 8th. The shares were sold at an average price of $1,254.09, for a total value of $376,227.00. Following the completion of the sale, the chief financial officer directly owned 5,095 shares of the company's stock, valued at approximately $6,389,588.55. The trade was a 5.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Mettler-Toledo International Trading Up 1.5%

NYSE MTD traded up $18.82 during midday trading on Tuesday, hitting $1,275.31. The company had a trading volume of 94,994 shares, compared to its average volume of 175,528. The company has a market capitalization of $26.27 billion, a PE ratio of 32.39, a P/E/G ratio of 3.77 and a beta of 1.34. The firm has a 50-day moving average price of $1,204.46 and a 200-day moving average price of $1,189.31. Mettler-Toledo International, Inc. has a twelve month low of $946.69 and a twelve month high of $1,521.01.

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

Analyst Ratings Changes

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

Hedge Funds Weigh In On Mettler-Toledo International

Hedge funds and other institutional investors have recently modified their holdings of the business. WPG Advisers LLC bought a new stake in Mettler-Toledo International during the 1st quarter worth $41,000. NewSquare Capital LLC grew its position 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 acquiring an additional 17 shares during the last quarter. MV Capital Management Inc. grew its position 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 acquiring an additional 12 shares during the last quarter. Zions Bancorporation National Association UT bought a new stake in Mettler-Toledo International during the 1st quarter worth $43,000. Finally, Golden State Wealth Management LLC grew its position in 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 worth $48,000 after acquiring an additional 35 shares during the last quarter. Institutional investors own 95.07% of the company's stock.

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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