Mettler-Toledo International Inc. (NYSE:MTD) Insider Gerry Keller Sells 140 Shares

Mettler-Toledo International Inc. (NYSE:MTD) insider Gerry Keller sold 140 shares of the firm’s stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $1,254.09, for a total transaction of $175,572.60. Following the completion of the sale, the insider now directly owns 6 shares in the company, valued at approximately $7,524.54. This trade represents a 95.89 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Mettler-Toledo International Price Performance

NYSE:MTD opened at $1,262.16 on Thursday. Mettler-Toledo International Inc. has a one year low of $1,068.33 and a one year high of $1,546.93. The company’s 50-day simple moving average is $1,335.41 and its 200 day simple moving average is $1,387.72. The firm has a market capitalization of $26.63 billion, a P/E ratio of 34.03, a PEG ratio of 4.15 and a beta of 1.13.

Mettler-Toledo International (NYSE:MTD) last issued its earnings results on Thursday, November 7th. The medical instruments supplier reported $10.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $10.00 by $0.21. The business had revenue of $954.54 million during the quarter, compared to analysts’ expectations of $941.93 million. Mettler-Toledo International had a net margin of 21.15% and a negative return on equity of 531.78%. On average, equities research analysts expect that Mettler-Toledo International Inc. will post 40.42 earnings per share for the current fiscal year.

Analysts Set New Price Targets

MTD has been the topic of a number of research reports. Evercore ISI lifted their target price on shares of Mettler-Toledo International from $1,375.00 to $1,450.00 and gave the company an “in-line” rating in a research note on Tuesday, October 1st. Stifel Nicolaus cut their target price on shares of Mettler-Toledo International from $1,550.00 to $1,450.00 and set a “buy” rating on the stock in a research note on Monday, November 11th. Wells Fargo & Company cut their target price on shares of Mettler-Toledo International from $1,400.00 to $1,350.00 and set an “equal weight” rating on the stock in a research note on Monday, November 11th. Finally, Robert W. Baird cut their target price on shares of Mettler-Toledo International from $1,375.00 to $1,310.00 and set a “neutral” rating on the stock in a research note on Monday, November 11th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $1,338.75.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Gateway Investment Advisers LLC purchased a new position in shares of Mettler-Toledo International during the second quarter valued at approximately $685,000. SG Americas Securities LLC grew its position in Mettler-Toledo International by 52.9% during the second quarter. SG Americas Securities LLC now owns 4,516 shares of the medical instruments supplier’s stock valued at $6,312,000 after buying an additional 1,562 shares during the period. Allspring Global Investments Holdings LLC grew its position in Mettler-Toledo International by 14.0% during the third quarter. Allspring Global Investments Holdings LLC now owns 1,240 shares of the medical instruments supplier’s stock valued at $1,860,000 after buying an additional 152 shares during the period. Linden Thomas Advisory Services LLC grew its position in Mettler-Toledo International by 212.2% during the second quarter. Linden Thomas Advisory Services LLC now owns 1,308 shares of the medical instruments supplier’s stock valued at $1,828,000 after buying an additional 889 shares during the period. Finally, Federated Hermes Inc. grew its position in Mettler-Toledo International by 10.3% during the second quarter. Federated Hermes Inc. now owns 7,667 shares of the medical instruments supplier’s stock valued at $10,715,000 after buying an additional 717 shares during the period. 95.07% of the stock is owned by hedge funds and other institutional investors.

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.