Mettler-Toledo International, Inc. (NYSE:MTD) Insider Thomas Caratsch Sells 1,350 Shares

Mettler-Toledo International, Inc. (NYSE:MTD) insider Thomas Caratsch sold 1,350 shares of the company’s stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $578.00, for a total value of $780,300.00. Following the sale, the insider now owns 870 shares in the company, valued at approximately $502,860. The sale was disclosed in a filing with the SEC, which is available through this link.

Thomas Caratsch also recently made the following trade(s):

  • On Monday, August 14th, Thomas Caratsch sold 3,000 shares of Mettler-Toledo International stock. The shares were sold at an average price of $582.03, for a total value of $1,746,090.00.
  • On Monday, August 7th, Thomas Caratsch sold 150 shares of Mettler-Toledo International stock. The shares were sold at an average price of $578.00, for a total value of $86,700.00.
  • On Monday, May 15th, Thomas Caratsch sold 2,000 shares of Mettler-Toledo International stock. The shares were sold at an average price of $557.00, for a total value of $1,114,000.00.

Shares of Mettler-Toledo International, Inc. (NYSE MTD) traded up 0.14% on Friday, reaching $574.64. The company’s stock had a trading volume of 117,773 shares. Mettler-Toledo International, Inc. has a 12-month low of $386.01 and a 12-month high of $618.13. The company has a market cap of $14.75 billion, a P/E ratio of 35.34 and a beta of 1.13. The company’s 50 day moving average price is $589.54 and its 200 day moving average price is $533.66.

Mettler-Toledo International (NYSE:MTD) last issued its quarterly earnings results on Thursday, July 27th. The medical instruments supplier reported $3.92 EPS for the quarter, topping analysts’ consensus estimates of $3.89 by $0.03. Mettler-Toledo International had a return on equity of 95.28% and a net margin of 16.60%. The firm had revenue of $653.70 million for the quarter, compared to analysts’ expectations of $646.68 million. During the same period in the previous year, the firm posted $3.22 EPS. The business’s revenue for the quarter was up 7.5% compared to the same quarter last year. Analysts forecast that Mettler-Toledo International, Inc. will post $16.89 EPS for the current fiscal year.

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Several hedge funds have recently modified their holdings of MTD. State of Alaska Department of Revenue boosted its stake in shares of Mettler-Toledo International by 0.5% in the second quarter. State of Alaska Department of Revenue now owns 1,087 shares of the medical instruments supplier’s stock worth $639,000 after buying an additional 5 shares in the last quarter. First Personal Financial Services boosted its stake in shares of Mettler-Toledo International by 2.8% in the second quarter. First Personal Financial Services now owns 186 shares of the medical instruments supplier’s stock worth $109,000 after buying an additional 5 shares in the last quarter. Contravisory Investment Management Inc. boosted its stake in shares of Mettler-Toledo International by 1.3% in the second quarter. Contravisory Investment Management Inc. now owns 558 shares of the medical instruments supplier’s stock worth $328,000 after buying an additional 7 shares in the last quarter. Pacer Advisors Inc. boosted its stake in shares of Mettler-Toledo International by 2.5% in the first quarter. Pacer Advisors Inc. now owns 454 shares of the medical instruments supplier’s stock worth $217,000 after buying an additional 11 shares in the last quarter. Finally, 1st Global Advisors Inc. boosted its stake in shares of Mettler-Toledo International by 0.7% in the first quarter. 1st Global Advisors Inc. now owns 1,812 shares of the medical instruments supplier’s stock worth $868,000 after buying an additional 13 shares in the last quarter. 95.23% of the stock is currently owned by hedge funds and other institutional investors.

MTD has been the topic of several research analyst reports. Bank of America Corporation upped their target price on Mettler-Toledo International from $590.00 to $630.00 and gave the company a “buy” rating in a research report on Wednesday, May 31st. Zacks Investment Research lowered Mettler-Toledo International from a “buy” rating to a “hold” rating in a research report on Monday, June 5th. Morgan Stanley reiterated an “equal weight” rating and issued a $565.00 price target (up previously from $533.00) on shares of Mettler-Toledo International in a report on Saturday, July 22nd. Jefferies Group LLC reiterated a “hold” rating and issued a $550.00 price target on shares of Mettler-Toledo International in a report on Tuesday, June 20th. Finally, BidaskClub lowered Mettler-Toledo International from a “strong-buy” rating to a “buy” rating in a report on Tuesday, June 13th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $569.80.

Mettler-Toledo International Company Profile

Mettler-Toledo International Inc is a supplier of precision instruments and services. The Company operates through five segments: U.S. Operations, Swiss Operations, Western European Operations, Chinese Operations and Other. The Company manufactures weighing instruments for use in laboratory, industrial, packaging, logistics and food retailing applications.

Insider Buying and Selling by Quarter for Mettler-Toledo International (NYSE:MTD)

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