Mettler-Toledo International Inc. (MTD) Director Sells $1,690,000.00 in Stock

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Mettler-Toledo International Inc. (NYSE:MTD) Director Hans Ulrich Maerki sold 2,600 shares of the firm’s stock in a transaction dated Monday, December 3rd. The stock was sold at an average price of $650.00, for a total transaction of $1,690,000.00. Following the sale, the director now owns 9,487 shares of the company’s stock, valued at approximately $6,166,550. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Hans Ulrich Maerki also recently made the following trade(s):

  • On Tuesday, November 27th, Hans Ulrich Maerki sold 3,384 shares of Mettler-Toledo International stock. The stock was sold at an average price of $605.00, for a total transaction of $2,047,320.00.

Shares of MTD traded down $9.55 during trading hours on Thursday, hitting $619.12. The company’s stock had a trading volume of 246 shares, compared to its average volume of 184,202. The company has a market capitalization of $15.75 billion, a price-to-earnings ratio of 35.34, a PEG ratio of 2.44 and a beta of 1.20. The company has a quick ratio of 1.00, a current ratio of 1.39 and a debt-to-equity ratio of 1.86. Mettler-Toledo International Inc. has a 52-week low of $521.79 and a 52-week high of $697.26.

Mettler-Toledo International (NYSE:MTD) last posted its earnings results on Thursday, November 8th. The medical instruments supplier reported $5.12 earnings per share for the quarter, topping the consensus estimate of $4.99 by $0.13. The firm had revenue of $734.85 million during the quarter, compared to the consensus estimate of $738.23 million. Mettler-Toledo International had a net margin of 14.10% and a return on equity of 93.15%. The company’s revenue was up 5.2% on a year-over-year basis. During the same quarter last year, the company earned $4.36 earnings per share. On average, sell-side analysts expect that Mettler-Toledo International Inc. will post 20.23 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently bought and sold shares of the company. Clearbridge Investments LLC boosted its position in shares of Mettler-Toledo International by 25.2% in the third quarter. Clearbridge Investments LLC now owns 226,802 shares of the medical instruments supplier’s stock valued at $138,118,000 after acquiring an additional 45,646 shares during the period. Carnegie Capital Asset Management LLC boosted its position in shares of Mettler-Toledo International by 26.2% in the third quarter. Carnegie Capital Asset Management LLC now owns 13,170 shares of the medical instruments supplier’s stock valued at $7,903,000 after acquiring an additional 2,736 shares during the period. Morgan Stanley boosted its position in shares of Mettler-Toledo International by 39.3% in the third quarter. Morgan Stanley now owns 104,076 shares of the medical instruments supplier’s stock valued at $63,380,000 after acquiring an additional 29,388 shares during the period. Legal & General Group Plc boosted its position in shares of Mettler-Toledo International by 2.2% in the third quarter. Legal & General Group Plc now owns 122,899 shares of the medical instruments supplier’s stock valued at $74,842,000 after acquiring an additional 2,701 shares during the period. Finally, Cornerstone Advisors Inc. boosted its position in shares of Mettler-Toledo International by 49.1% in the third quarter. Cornerstone Advisors Inc. now owns 328 shares of the medical instruments supplier’s stock valued at $200,000 after acquiring an additional 108 shares during the period. Hedge funds and other institutional investors own 93.80% of the company’s stock.

A number of research firms recently issued reports on MTD. ValuEngine upgraded shares of Mettler-Toledo International from a “hold” rating to a “buy” rating in a report on Friday, November 16th. Zacks Investment Research downgraded shares of Mettler-Toledo International from a “buy” rating to a “hold” rating in a report on Tuesday, October 16th. Morgan Stanley raised their price objective on shares of Mettler-Toledo International from $529.00 to $572.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 10th. Finally, UBS Group began coverage on shares of Mettler-Toledo International in a report on Tuesday, October 9th. They set a “neutral” rating and a $625.00 price objective for the company. Ten research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Mettler-Toledo International presently has an average rating of “Hold” and a consensus target price of $624.00.

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About Mettler-Toledo International

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; analytical instruments for use in life science; various related analytical instruments and provides automated chemistry solutions used in drug and chemical compound discovery and development; and end-of-line product inspection systems used in production and packaging for food processing and packaging, pharmaceutical, packaged consumer goods, and other industries.

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