Mettler-Toledo International (NYSE:MTD) CEO Patrick Kaltenbach Sells 942 Shares of Stock

Mettler-Toledo International, Inc. (NYSE:MTD) CEO Patrick Kaltenbach sold 942 shares of the stock in a transaction that occurred on Thursday, August 27th. The shares were sold at an average price of $1,425.00, for a total value of $1,342,350.00. Following the sale, the chief executive officer directly owned 4,480 shares of the company’s stock, valued at approximately $6,384,000. This trade represents a 17.37% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Mettler-Toledo International Stock Up 0.5%

Shares of NYSE MTD opened at $1,405.98 on Tuesday. The firm’s fifty day moving average is $1,350.11 and its 200 day moving average is $1,274.33. Mettler-Toledo International, Inc. has a 52 week low of $1,023.05 and a 52 week high of $1,525.17. The company has a quick ratio of 0.78, a current ratio of 1.12 and a debt-to-equity ratio of 159.45. The company has a market cap of $28.18 billion, a price-to-earnings ratio of 31.64, a PEG ratio of 2.88 and a beta of 1.23.

Mettler-Toledo International (NYSE:MTD) last announced its quarterly earnings results on Friday, July 31st. The medical instruments supplier reported $11.46 earnings per share for the quarter, beating the consensus estimate of $10.78 by $0.68. The business had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $1.03 billion. Mettler-Toledo International had a net margin of 21.91% and a negative return on equity of 1,212.14%. The firm’s revenue for the quarter was up 4.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $10.09 EPS. On average, equities research analysts expect that Mettler-Toledo International, Inc. will post 47.35 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages recently commented on MTD. Stifel Nicolaus raised their price target on Mettler-Toledo International from $1,400.00 to $1,600.00 and gave the stock a “buy” rating in a research note on Monday, August 3rd. Morgan Stanley upped their price objective on shares of Mettler-Toledo International from $1,275.00 to $1,450.00 and gave the stock an “equal weight” rating in a report on Tuesday, August 4th. Jefferies Financial Group raised their target price on shares of Mettler-Toledo International from $1,400.00 to $1,580.00 and gave the stock a “buy” rating in a research report on Friday, July 31st. Wolfe Research initiated coverage on shares of Mettler-Toledo International in a research note on Tuesday, June 2nd. They set a “peer perform” rating on the stock. Finally, Weiss Ratings raised shares of Mettler-Toledo International from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, August 4th. Six analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $1,461.27.

Hedge Funds Weigh In On Mettler-Toledo International

A number of institutional investors and hedge funds have recently made changes to their positions in MTD. Whipplewood Advisors LLC purchased a new stake in shares of Mettler-Toledo International in the 1st quarter worth approximately $25,000. Reflection Asset Management purchased a new position in Mettler-Toledo International during the fourth quarter valued at $26,000. Edmond DE Rothschild Holding S.A. bought a new stake in Mettler-Toledo International in the second quarter worth $26,000. Elyxium Wealth LLC purchased a new stake in shares of Mettler-Toledo International in the fourth quarter worth $29,000. Finally, Transamerica Financial Advisors LLC purchased a new position in shares of Mettler-Toledo International in the 2nd quarter worth about $32,000. Institutional investors own 95.07% of the company’s stock.

Mettler-Toledo International Company Profile

Mettler-Toledo International Inc is a global manufacturer and distributor of precision instruments and services for laboratory, industrial and food retail applications. The company’s product portfolio includes laboratory balances and analytical instruments, industrial weighing systems, process analytics and sensors, metal detection and x-ray inspection equipment, checkweighers, and a range of automated inspection and data-management solutions. Mettler-Toledo also provides software, calibration and lifecycle services intended to support compliance, quality control and operational efficiency across customer facilities.

The company serves a broad set of end markets including pharmaceutical and biotech laboratories, chemical and food processors, logistics and manufacturing operations, and retail environments where accurate weighing and inspection are critical.