Insider Selling: Mettler-Toledo International, Inc. (MTD) Insider Sells $6,300,200.00 in Stock

Mettler-Toledo International, Inc. (NYSE:MTD) insider William P. Donnelly sold 10,000 shares of Mettler-Toledo International stock in a transaction that occurred on Tuesday, November 14th. The shares were sold at an average price of $630.02, for a total value of $6,300,200.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Mettler-Toledo International, Inc. (NYSE:MTD) opened at $630.92 on Friday. The company has a market capitalization of $16,130.00, a P/E ratio of 37.36, a PEG ratio of 2.88 and a beta of 1.13. The company has a quick ratio of 1.11, a current ratio of 1.51 and a debt-to-equity ratio of 2.05. Mettler-Toledo International, Inc. has a 1-year low of $407.87 and a 1-year high of $694.48.

Mettler-Toledo International (NYSE:MTD) last announced its earnings results on Thursday, November 2nd. The medical instruments supplier reported $4.36 EPS for the quarter, topping the Zacks’ consensus estimate of $4.32 by $0.04. The firm had revenue of $698.80 million during the quarter, compared to analysts’ expectations of $685.56 million. Mettler-Toledo International had a return on equity of 96.81% and a net margin of 16.44%. The company’s quarterly revenue was up 7.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.89 EPS. research analysts forecast that Mettler-Toledo International, Inc. will post 17.52 earnings per share for the current year.

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Several institutional investors have recently made changes to their positions in MTD. First Personal Financial Services boosted its holdings in shares of Mettler-Toledo International by 2.8% in the 2nd quarter. First Personal Financial Services now owns 186 shares of the medical instruments supplier’s stock worth $109,000 after purchasing an additional 5 shares during the period. Sun Life Financial INC boosted its holdings in shares of Mettler-Toledo International by 2,585.7% in the 2nd quarter. Sun Life Financial INC now owns 188 shares of the medical instruments supplier’s stock worth $111,000 after purchasing an additional 181 shares during the period. Acrospire Investment Management LLC purchased a new position in shares of Mettler-Toledo International in the 2nd quarter worth approximately $118,000. Quantbot Technologies LP purchased a new position in shares of Mettler-Toledo International in the 3rd quarter worth approximately $193,000. Finally, CAPROCK Group Inc. purchased a new position in shares of Mettler-Toledo International in the 2nd quarter worth approximately $205,000. Hedge funds and other institutional investors own 93.52% of the company’s stock.

Several equities analysts have weighed in on MTD shares. Bank of America Corporation raised their price target on Mettler-Toledo International from $640.00 to $710.00 and gave the company a “buy” rating in a report on Monday, October 9th. Robert W. Baird raised their price target on Mettler-Toledo International from $605.00 to $675.00 and gave the company a “neutral” rating in a report on Friday, November 3rd. Zacks Investment Research cut Mettler-Toledo International from a “buy” rating to a “hold” rating in a report on Tuesday, September 26th. Morgan Stanley raised their price target on Mettler-Toledo International from $535.00 to $545.00 and gave the company an “equal weight” rating in a report on Friday, November 3rd. Finally, Jefferies Group LLC restated a “hold” rating and set a $600.00 price target on shares of Mettler-Toledo International in a report on Friday, October 20th. Five investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $621.57.

About Mettler-Toledo International

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.

Insider Buying and Selling by Quarter for Mettler-Toledo International (NYSE:MTD)

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