Mettler-Toledo International Inc. (MTD) Insider La Guerroniere Marc De Sells 4,600 Shares

Mettler-Toledo International Inc. (NYSE:MTD) insider La Guerroniere Marc De sold 4,600 shares of the firm’s stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $730.00, for a total value of $3,358,000.00. Following the sale, the insider now directly owns 16,585 shares of the company’s stock, valued at $12,107,050. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Shares of NYSE MTD opened at $724.08 on Thursday. The company has a debt-to-equity ratio of 1.80, a current ratio of 1.37 and a quick ratio of 0.97. The firm has a market cap of $17.77 billion, a price-to-earnings ratio of 35.63, a PEG ratio of 2.34 and a beta of 1.33. Mettler-Toledo International Inc. has a twelve month low of $500.74 and a twelve month high of $762.90.

Mettler-Toledo International (NYSE:MTD) last issued its earnings results on Thursday, May 9th. The medical instruments supplier reported $4.10 earnings per share for the quarter, beating the Zacks’ consensus estimate of $4.06 by $0.04. The business had revenue of $679.50 million during the quarter, compared to analyst estimates of $673.55 million. Mettler-Toledo International had a return on equity of 95.67% and a net margin of 17.98%. Mettler-Toledo International’s revenue was up 2.8% on a year-over-year basis. During the same period in the previous year, the company posted $3.74 EPS. Research analysts expect that Mettler-Toledo International Inc. will post 22.7 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. JPMorgan Chase & Co. lifted its stake in Mettler-Toledo International by 256.6% in the third quarter. JPMorgan Chase & Co. now owns 50,225 shares of the medical instruments supplier’s stock valued at $30,587,000 after buying an additional 36,140 shares in the last quarter. Legal & General Group Plc lifted its stake in 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 buying an additional 2,701 shares in the last quarter. Virtu Financial LLC lifted its stake in Mettler-Toledo International by 142.2% in the fourth quarter. Virtu Financial LLC now owns 993 shares of the medical instruments supplier’s stock valued at $562,000 after buying an additional 583 shares in the last quarter. Bell Asset Management Ltd lifted its stake in Mettler-Toledo International by 37.6% in the fourth quarter. Bell Asset Management Ltd now owns 9,165 shares of the medical instruments supplier’s stock valued at $5,184,000 after buying an additional 2,504 shares in the last quarter. Finally, Lavaca Capital LLC bought a new position in Mettler-Toledo International in the fourth quarter valued at approximately $85,000. 96.04% of the stock is owned by institutional investors and hedge funds.

A number of equities research analysts recently issued reports on the company. ValuEngine lowered Mettler-Toledo International from a “buy” rating to a “hold” rating in a research note on Monday, May 13th. Zacks Investment Research lowered Mettler-Toledo International from a “buy” rating to a “hold” rating in a research note on Thursday, May 16th. Barclays reissued a “hold” rating on shares of Mettler-Toledo International in a research note on Wednesday, May 15th. Finally, Bank of America reissued a “neutral” rating and set a $755.00 price target (up from $725.00) on shares of Mettler-Toledo International in a research note on Tuesday, April 16th. One equities research analyst has rated the stock with a sell rating and seven have assigned a hold rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $658.80.

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Mettler-Toledo International Company Profile

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; various related analytical instruments and provides automated chemistry solutions used in drug and chemical compound discovery and development; metal detection and other end-of-line product inspection systems used in production and packaging for food processing and packaging, pharmaceutical, packaged consumer goods, and other industries; and solutions that are used in various process analytics applications.

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

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