Key Points
- Director Thomas Salice sold 417 Mettler-Toledo shares at an average price of $1,440.41, generating approximately $600,651. Following the sale, his direct ownership fell 58.82% to 292 shares.
- Mettler-Toledo reported quarterly EPS of $11.46, beating estimates by $0.68, while revenue reached $1.03 billion, up 4.5% year over year. The stock was trading near $1,429, with a 12-month range of $1,023.05 to $1,525.17.
- Analysts maintain a consensus “Hold” rating, with an average price target of $1,461.27; institutional investors own approximately 95.07% of the company’s shares.
Mettler-Toledo International, Inc. (NYSE:MTD - Get Free Report) Director Thomas Salice sold 417 shares of the firm's stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $1,440.41, for a total value of $600,650.97. Following the transaction, the director directly owned 292 shares of the company's stock, valued at approximately $420,599.72. This represents a 58.82% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Mettler-Toledo International Trading Up 0.6%
NYSE MTD opened at $1,429.14 on Friday. The firm has a market capitalization of $28.64 billion, a PE ratio of 32.17, a price-to-earnings-growth ratio of 2.92 and a beta of 1.23. The business's 50-day moving average price is $1,267.38 and its two-hundred day moving average price is $1,274.21. The company has a current ratio of 1.12, a quick ratio of 0.78 and a debt-to-equity ratio of 159.45. Mettler-Toledo International, Inc. has a 12 month low of $1,023.05 and a 12 month high of $1,525.17.
Mettler-Toledo International (NYSE:MTD - Get Free Report) last issued its quarterly earnings data on Friday, July 31st. The medical instruments supplier reported $11.46 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $10.78 by $0.68. The company had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $1.03 billion. Mettler-Toledo International had a negative return on equity of 1,212.14% and a net margin of 21.91%.The firm's revenue was up 4.5% compared to the same quarter last year. During the same period last year, the company earned $10.09 earnings per share. On average, analysts expect that Mettler-Toledo International, Inc. will post 47.35 EPS for the current year.
Institutional Investors Weigh In On Mettler-Toledo International
A number of hedge funds have recently added to or reduced their stakes in the business. Whipplewood Advisors LLC acquired a new position in Mettler-Toledo International in the first quarter valued at approximately $25,000. Reflection Asset Management acquired a new stake in shares of Mettler-Toledo International during the 4th quarter worth approximately $26,000. Elyxium Wealth LLC acquired a new stake in shares of Mettler-Toledo International during the 4th quarter worth approximately $29,000. Root Financial Partners LLC increased its stake in shares of Mettler-Toledo International by 45.5% in the 1st quarter. Root Financial Partners LLC now owns 32 shares of the medical instruments supplier's stock valued at $40,000 after acquiring an additional 10 shares in the last quarter. Finally, DV Equities LLC bought a new stake in shares of Mettler-Toledo International in the 4th quarter valued at $40,000. 95.07% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
Several research analysts have issued reports on MTD shares. Wall Street Zen lowered shares of Mettler-Toledo International from a "buy" rating to a "hold" rating in a report on Saturday, May 16th. Weiss Ratings raised shares of Mettler-Toledo International from a "hold (c-)" rating to a "hold (c)" rating in a research note on Tuesday. Barclays increased their price objective on shares of Mettler-Toledo International from $1,300.00 to $1,575.00 and gave the stock an "overweight" rating in a research report on Monday, August 3rd. Morgan Stanley lifted their target price 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 note on Tuesday. Finally, Wolfe Research assumed coverage on shares of Mettler-Toledo International in a research report on Tuesday, June 2nd. They set a "peer perform" rating on the stock. Six analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $1,461.27.
View Our Latest Stock Analysis on Mettler-Toledo International
About Mettler-Toledo International
(
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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.
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