Mettler-Toledo International (NYSE:MTD) Announces Earnings Results

Mettler-Toledo International (NYSE:MTD) posted its earnings results on Thursday. The medical instruments supplier reported $5.16 EPS for the quarter, topping analysts’ consensus estimates of $5.09 by $0.07, Bloomberg Earnings reports. The firm had revenue of $731.00 million during the quarter, compared to analysts’ expectations of $736.23 million. Mettler-Toledo International had a net margin of 18.45% and a return on equity of 96.14%. The business’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $4.65 earnings per share.

NYSE MTD traded down $42.97 during trading hours on Friday, reaching $717.82. The company’s stock had a trading volume of 480,142 shares, compared to its average volume of 213,390. The company’s fifty day simple moving average is $818.91. The firm has a market capitalization of $18.87 billion, a PE ratio of 35.33, a P/E/G ratio of 2.43 and a beta of 1.33. Mettler-Toledo International has a 52 week low of $500.74 and a 52 week high of $873.51. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.97 and a current ratio of 1.37.

In related news, CFO Shawn Vadala sold 700 shares of the firm’s stock in a transaction that occurred on Tuesday, May 14th. The shares were sold at an average price of $721.00, for a total value of $504,700.00. Following the completion of the transaction, the chief financial officer now owns 5,450 shares in the company, valued at approximately $3,929,450. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider La Guerroniere Marc De sold 4,625 shares of the firm’s stock in a transaction that occurred on Wednesday, June 5th. The shares were sold at an average price of $750.00, for a total transaction of $3,468,750.00. Following the completion of the transaction, the insider now owns 16,610 shares of the company’s stock, valued at approximately $12,457,500. The disclosure for this sale can be found here. In the last quarter, insiders sold 48,925 shares of company stock valued at $35,650,928. 3.50% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Permanens Capital L.P. bought a new position in Mettler-Toledo International in the 1st quarter valued at approximately $29,000. Berman Capital Advisors LLC raised its holdings in Mettler-Toledo International by 48.5% during the 2nd quarter. Berman Capital Advisors LLC now owns 49 shares of the medical instruments supplier’s stock worth $41,000 after purchasing an additional 16 shares during the last quarter. MARSHALL WACE ASIA Ltd bought a new position in Mettler-Toledo International during the 1st quarter worth approximately $44,000. Northwestern Mutual Wealth Management Co. raised its holdings in Mettler-Toledo International by 40.7% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 76 shares of the medical instruments supplier’s stock worth $55,000 after purchasing an additional 22 shares during the last quarter. Finally, Financial Gravity Wealth Inc. bought a new position in Mettler-Toledo International during the 1st quarter worth approximately $56,000. Institutional investors and hedge funds own 95.46% of the company’s stock.

MTD has been the subject of a number of research reports. Zacks Investment Research cut shares of Mettler-Toledo International from a “buy” rating to a “hold” rating and set a $811.00 target price for the company. in a report on Friday, June 7th. Barclays cut shares of Mettler-Toledo International from an “equal weight” rating to an “underweight” rating and set a $680.00 target price for the company. in a report on Monday, July 15th. Wolfe Research initiated coverage on shares of Mettler-Toledo International in a report on Thursday, May 30th. They issued a “peer perform” rating for the company. ValuEngine cut shares of Mettler-Toledo International from a “buy” rating to a “hold” rating in a report on Thursday. Finally, Bank of America reissued a “neutral” rating and issued a $755.00 target price (up previously from $725.00) on shares of Mettler-Toledo International in a report on Tuesday, April 16th. Two investment analysts have rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $688.60.

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; 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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Earnings History for Mettler-Toledo International (NYSE:MTD)

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