Insider Selling: Mettler-Toledo International Inc. (NYSE:MTD) Insider Sells 600 Shares of Stock

Mettler-Toledo International Inc. (NYSE:MTD) insider Gerry Keller sold 600 shares of Mettler-Toledo International stock in a transaction on Monday, February 10th. The shares were sold at an average price of $1,351.34, for a total value of $810,804.00. Following the completion of the sale, the insider now directly owns 6 shares of the company’s stock, valued at approximately $8,108.04. This represents a 99.01 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Gerry Keller also recently made the following trade(s):

• On Tuesday, December 3rd, Gerry Keller sold 140 shares of Mettler-Toledo International stock. The stock was sold at an average price of $1,254.09, for a total transaction of $175,572.60.

Mettler-Toledo International Stock Down 2.6 %

Shares of NYSE MTD traded down $34.89 during trading on Wednesday, reaching $1,297.08. 36,163 shares of the stock were exchanged, compared to its average volume of 133,170. The business’s 50-day moving average price is $1,281.95 and its 200 day moving average price is $1,341.62. The company has a market capitalization of $27.37 billion, a price-to-earnings ratio of 31.95, a price-to-earnings-growth ratio of 4.80 and a beta of 1.13. Mettler-Toledo International Inc. has a twelve month low of $1,133.46 and a twelve month high of $1,546.93.

Mettler-Toledo International (NYSE:MTD) last announced its earnings results on Thursday, February 13th. The medical instruments supplier reported $12.41 earnings per share for the quarter, beating the consensus estimate of $11.76 by $0.65. Mettler-Toledo International had a negative return on equity of 564.51% and a net margin of 22.29%. As a group, sell-side analysts expect that Mettler-Toledo International Inc. will post 41.94 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have weighed in on MTD shares. Evercore ISI increased their price target on shares of Mettler-Toledo International from $1,450.00 to $1,475.00 and gave the stock an “outperform” rating in a research note on Monday. Wells Fargo & Company lifted their target price on Mettler-Toledo International from $1,350.00 to $1,400.00 and gave the company an “equal weight” rating in a report on Monday. Robert W. Baird upped their price target on Mettler-Toledo International from $1,362.00 to $1,369.00 and gave the stock a “neutral” rating in a research note on Monday. Wolfe Research began coverage on Mettler-Toledo International in a research note on Friday, December 13th. They issued a “peer perform” rating on the stock. Finally, Citigroup raised shares of Mettler-Toledo International from a “sell” rating to a “neutral” rating and increased their target price for the stock from $1,200.00 to $1,300.00 in a research report on Wednesday, December 11th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, Mettler-Toledo International currently has an average rating of “Hold” and an average price target of $1,368.00.

Institutional Trading of Mettler-Toledo International

A number of hedge funds and other institutional investors have recently made changes to their positions in MTD. SBI Securities Co. Ltd. bought a new position in Mettler-Toledo International during the 4th quarter worth approximately $33,000. Blue Trust Inc. raised its position in shares of Mettler-Toledo International by 242.9% during the 3rd quarter. Blue Trust Inc. now owns 24 shares of the medical instruments supplier’s stock valued at $34,000 after acquiring an additional 17 shares in the last quarter. Ashton Thomas Securities LLC bought a new position in Mettler-Toledo International during the third quarter worth $37,000. Whipplewood Advisors LLC acquired a new position in Mettler-Toledo International in the fourth quarter worth $54,000. Finally, Sound Income Strategies LLC increased its stake in Mettler-Toledo International by 4,500.0% during the fourth quarter. Sound Income Strategies LLC now owns 46 shares of the medical instruments supplier’s stock valued at $56,000 after purchasing an additional 45 shares during the last quarter. Institutional investors own 95.07% of the company’s stock.

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.