Thomas Salice Sells 417 Shares of Mettler-Toledo International (NYSE:MTD) Stock

Mettler-Toledo International, Inc. (NYSE:MTD) Director Thomas Salice sold 417 shares of the company’s stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $1,440.41, for a total transaction of $600,650.97. Following the completion of the sale, the director directly owned 292 shares of the company’s stock, valued at approximately $420,599.72. This trade represents a 58.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Mettler-Toledo International Trading Up 0.6%

NYSE MTD opened at $1,429.14 on Friday. Mettler-Toledo International, Inc. has a one year low of $1,023.05 and a one year high of $1,525.17. The company has a debt-to-equity ratio of 159.45, a quick ratio of 0.78 and a current ratio of 1.12. The company has a market capitalization of $28.64 billion, a price-to-earnings ratio of 32.17, a price-to-earnings-growth ratio of 2.94 and a beta of 1.23. The company’s 50-day simple moving average is $1,267.38 and its two-hundred day simple moving average is $1,274.21.

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, topping the consensus estimate of $10.78 by $0.68. The firm 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 company’s revenue was up 4.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $10.09 EPS. Equities analysts forecast that Mettler-Toledo International, Inc. will post 47.35 EPS for the current fiscal year.

Hedge Funds Weigh In On Mettler-Toledo International

Hedge funds and other institutional investors have recently modified their holdings of the stock. Whipplewood Advisors LLC purchased a new stake in Mettler-Toledo International during the 1st quarter worth approximately $25,000. Reflection Asset Management purchased a new position in shares of Mettler-Toledo International in the fourth quarter worth $26,000. Elyxium Wealth LLC acquired a new stake in shares of Mettler-Toledo International during the fourth quarter worth $29,000. Root Financial Partners LLC grew its holdings in shares of Mettler-Toledo International by 45.5% during the first quarter. Root Financial Partners LLC now owns 32 shares of the medical instruments supplier’s stock valued at $40,000 after buying an additional 10 shares during the last quarter. Finally, DV Equities LLC purchased a new stake in shares of Mettler-Toledo International during the fourth quarter valued at $40,000. 95.07% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on MTD shares. Jefferies Financial Group boosted their price target on 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. Stifel Nicolaus increased their price target on shares of Mettler-Toledo International from $1,400.00 to $1,600.00 and gave the company a “buy” rating in a research report on Monday, August 3rd. Morgan Stanley lifted 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 research report on Tuesday, August 4th. Wells Fargo & Company raised their target price on shares of Mettler-Toledo International from $1,225.00 to $1,450.00 and gave the company an “equal weight” rating in a research note on Monday, August 3rd. Finally, Wall Street Zen downgraded Mettler-Toledo International from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. Six investment 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 presently has a consensus rating of “Hold” and an average target price of $1,461.27.

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.