Mettler-Toledo International, Inc. (NYSE:MTD - Get Free Report) CEO Patrick Kaltenbach sold 942 shares of the stock in a transaction that occurred on Thursday, August 27th. The shares were sold at an average price of $1,425.00, for a total transaction of $1,342,350.00. Following the sale, the chief executive officer owned 4,480 shares in the company, valued at approximately $6,384,000. The trade was a 17.37% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Mettler-Toledo International Stock Performance
Shares of MTD opened at $1,405.98 on Tuesday. The business's fifty day simple moving average is $1,350.11 and its two-hundred day simple moving average is $1,274.33. 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. The company has a market cap of $28.18 billion, a price-to-earnings ratio of 31.64, a P/E/G ratio of 2.88 and a beta of 1.23.
Mettler-Toledo International (NYSE:MTD - Get Free Report) last posted its earnings results on Friday, July 31st. The medical instruments supplier reported $11.46 EPS for the quarter, topping analysts' consensus estimates of $10.78 by $0.68. The business had revenue of $1.03 billion during the quarter, compared to analyst estimates 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 company's quarterly revenue was up 4.5% compared to the same quarter last year. During the same quarter last year, the company earned $10.09 EPS. Research analysts anticipate that Mettler-Toledo International, Inc. will post 47.35 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Mettler-Toledo International
Several institutional investors and hedge funds have recently bought and sold shares of the stock. Reflection Asset Management purchased a new stake in Mettler-Toledo International in the fourth quarter worth about $26,000. Whipplewood Advisors LLC purchased a new stake in Mettler-Toledo International in the 1st quarter worth approximately $25,000. Edmond DE Rothschild Holding S.A. purchased a new stake in Mettler-Toledo International in the 2nd quarter worth approximately $26,000. Elyxium Wealth LLC bought a new stake in Mettler-Toledo International during the 4th quarter worth approximately $29,000. Finally, Transamerica Financial Advisors LLC bought a new stake in Mettler-Toledo International during the 2nd quarter worth approximately $32,000. 95.07% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Several equities analysts have issued reports on the stock. Barclays upped their target price on shares of Mettler-Toledo International from $1,300.00 to $1,575.00 and gave the company an "overweight" rating in a research note on Monday, August 3rd. Wells Fargo & Company boosted their price objective on shares of Mettler-Toledo International from $1,225.00 to $1,450.00 and gave the company an "equal weight" rating in a report on Monday, August 3rd. Weiss Ratings upgraded shares of Mettler-Toledo International from a "hold (c-)" rating to a "hold (c)" rating in a research note on Tuesday, August 4th. JPMorgan Chase & Co. decreased their target price on shares of Mettler-Toledo International from $1,413.00 to $1,200.00 and set a "neutral" rating for the company in a research note on Monday, May 11th. Finally, Citigroup lowered their price target on Mettler-Toledo International from $1,700.00 to $1,550.00 and set a "buy" rating on the stock in a report on Friday, May 8th. Six analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $1,461.27.
Check Out Our Latest Stock Report on Mettler-Toledo International
Mettler-Toledo International Company Profile
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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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