Mettler-Toledo International, Inc. (NYSE:MTD) Director Wah-Hui Chu sold 500 shares of the business’s stock in a transaction dated Monday, May 22nd. The shares were sold at an average price of $567.00, for a total value of $283,500.00. Following the sale, the director now owns 3,243 shares of the company’s stock, valued at $1,838,781. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Wah-Hui Chu also recently made the following trade(s):
- On Thursday, May 25th, Wah-Hui Chu sold 500 shares of Mettler-Toledo International stock. The shares were sold at an average price of $575.00, for a total value of $287,500.00.
Shares of Mettler-Toledo International, Inc. (NYSE MTD) traded up 0.54% during mid-day trading on Friday, hitting $587.38. The stock had a trading volume of 217,197 shares. Mettler-Toledo International, Inc. has a one year low of $343.61 and a one year high of $604.99. The firm has a 50 day moving average of $565.87 and a 200-day moving average of $482.50. The stock has a market cap of $15.17 billion, a P/E ratio of 38.32 and a beta of 1.10.
Mettler-Toledo International (NYSE:MTD) last issued its earnings results on Thursday, May 4th. The medical instruments supplier reported $3.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.08 by $0.26. The business had revenue of $594.57 million during the quarter, compared to the consensus estimate of $571.30 million. Mettler-Toledo International had a return on equity of 90.28% and a net margin of 16.04%. The company’s revenue for the quarter was up 10.2% on a year-over-year basis. During the same period in the prior year, the business posted $2.46 EPS. Equities research analysts expect that Mettler-Toledo International, Inc. will post $17.19 earnings per share for the current fiscal year.
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A number of research analysts recently issued reports on MTD shares. Zacks Investment Research downgraded Mettler-Toledo International from a “buy” rating to a “hold” rating in a research note on Friday, March 3rd. Cleveland Research upgraded Mettler-Toledo International from a “neutral” rating to a “buy” rating in a research note on Wednesday, April 19th. Bank of America Corporation boosted their price target on Mettler-Toledo International from $590.00 to $630.00 and gave the stock a “buy” rating in a report on Wednesday, May 31st. Finally, BidaskClub cut Mettler-Toledo International from a “strong-buy” rating to a “buy” rating in a report on Tuesday. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $501.00.
Institutional investors have recently modified their holdings of the company. Comerica Bank increased its position in shares of Mettler-Toledo International by 2.6% in the fourth quarter. Comerica Bank now owns 6,854 shares of the medical instruments supplier’s stock worth $2,909,000 after buying an additional 175 shares during the period. Ownership Capital B.V. boosted its stake in Mettler-Toledo International by 17.7% in the third quarter. Ownership Capital B.V. now owns 180,727 shares of the medical instruments supplier’s stock worth $75,875,000 after buying an additional 27,207 shares in the last quarter. Teachers Advisors LLC boosted its stake in Mettler-Toledo International by 7.6% in the fourth quarter. Teachers Advisors LLC now owns 37,697 shares of the medical instruments supplier’s stock worth $15,778,000 after buying an additional 2,672 shares in the last quarter. State Street Corp boosted its stake in Mettler-Toledo International by 3.2% in the fourth quarter. State Street Corp now owns 1,128,261 shares of the medical instruments supplier’s stock worth $472,252,000 after buying an additional 35,043 shares in the last quarter. Finally, Russell Investments Group Ltd. purchased a new stake in Mettler-Toledo International during the fourth quarter worth $126,577,000. 96.78% of the stock is owned by institutional investors and hedge funds.
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.
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