Mettler-Toledo International Inc. (NYSE:MTD) Insider Sells $1,037,815.10 in Stock

Mettler-Toledo International Inc. (NYSE:MTD) insider Christian Magloth sold 790 shares of the company’s stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $1,313.69, for a total transaction of $1,037,815.10. Following the completion of the sale, the insider now owns 734 shares of the company’s stock, valued at approximately $964,248.46. This trade represents a 51.84 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Mettler-Toledo International Trading Up 1.4 %

Mettler-Toledo International stock opened at $1,271.44 on Friday. The company has a market capitalization of $26.59 billion, a P/E ratio of 31.37, a P/E/G ratio of 3.30 and a beta of 1.13. The firm’s fifty day simple moving average is $1,291.19 and its 200-day simple moving average is $1,330.22. Mettler-Toledo International Inc. has a 1-year low of $1,142.91 and a 1-year high of $1,546.93.

Mettler-Toledo International (NYSE:MTD) last released its quarterly earnings results on Thursday, February 13th. The medical instruments supplier reported $12.41 earnings per share for the quarter, beating analysts’ consensus estimates of $11.76 by $0.65. Mettler-Toledo International had a net margin of 22.29% and a negative return on equity of 591.54%. On average, equities research analysts predict that Mettler-Toledo International Inc. will post 42.71 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. SBI Securities Co. Ltd. acquired a new position in Mettler-Toledo International in the 4th quarter valued at $33,000. Blue Trust Inc. grew its stake in Mettler-Toledo International by 242.9% in the 3rd quarter. Blue Trust Inc. now owns 24 shares of the medical instruments supplier’s stock valued at $34,000 after buying an additional 17 shares during the last quarter. Ashton Thomas Securities LLC acquired a new position in Mettler-Toledo International in the 3rd quarter valued at $37,000. Edmond DE Rothschild Holding S.A. acquired a new position in Mettler-Toledo International in the 4th quarter valued at $44,000. Finally, Whipplewood Advisors LLC acquired a new position in Mettler-Toledo International in the 4th quarter valued at $54,000. Institutional investors own 95.07% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently commented on MTD. Wolfe Research began coverage on shares of Mettler-Toledo International in a research report on Friday, December 13th. They issued a “peer perform” rating for the company. Stifel Nicolaus reduced their price target on shares of Mettler-Toledo International from $1,550.00 to $1,450.00 and set a “buy” rating for the company in a research report on Monday, November 11th. Evercore ISI upped their price target on shares of Mettler-Toledo International from $1,450.00 to $1,475.00 and gave the company an “outperform” rating in a research report on Monday, February 10th. Robert W. Baird upped their price target on shares of Mettler-Toledo International from $1,362.00 to $1,369.00 and gave the company a “neutral” rating in a research report on Monday, February 10th. Finally, Wells Fargo & Company upped their price target on shares of Mettler-Toledo International from $1,350.00 to $1,400.00 and gave the company an “equal weight” rating in a research report on Monday, February 10th. One analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $1,368.00.

Mettler-Toledo International Company Profile

Mettler-Toledo International Inc manufactures and supplies precision instruments and services in the Americas, Europe, Asia, and internationally. It operates through five segments: U.S. Operations, Swiss Operations, Western European Operations, Chinese Operations, and Other. The company’s laboratory instruments include laboratory balances, liquid pipetting solutions, automated laboratory reactors, real-time analytics, titrators, pH meters, process analytics sensors and analyzer technologies, physical value analyzers, density and refractometry, thermal analysis systems, and other analytical instruments; and LabX, a laboratory software platform to manage and analyze data generated from its instruments.