Insider Selling: Mettler-Toledo International, Inc. (NYSE:MTD) CFO Sells 1,500 Shares of Stock

Mettler-Toledo International, Inc. (NYSE:MTD) CFO Shawn Vadala sold 1,500 shares of the company’s stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $577.00, for a total transaction of $865,500.00. Following the completion of the transaction, the chief financial officer now owns 6,525 shares of the company’s stock, valued at approximately $3,764,925. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Shawn Vadala also recently made the following trade(s):

  • On Monday, August 7th, Shawn Vadala sold 330 shares of Mettler-Toledo International stock. The stock was sold at an average price of $577.00, for a total transaction of $190,410.00.

Mettler-Toledo International, Inc. (MTD) traded up 0.14% on Friday, hitting $574.64. 117,773 shares of the company traded hands. Mettler-Toledo International, Inc. has a 12 month low of $386.01 and a 12 month high of $618.13. The stock’s 50-day moving average is $589.28 and its 200 day moving average is $534.75. The stock has a market cap of $14.75 billion, a PE ratio of 35.34 and a beta of 1.13.

Mettler-Toledo International (NYSE:MTD) last announced its quarterly earnings data on Thursday, July 27th. The medical instruments supplier reported $3.92 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $3.89 by $0.03. Mettler-Toledo International had a net margin of 16.60% and a return on equity of 95.28%. The firm had revenue of $653.70 million during the quarter, compared to analysts’ expectations of $646.68 million. During the same quarter last year, the business earned $3.22 earnings per share. The business’s revenue for the quarter was up 7.5% compared to the same quarter last year. Equities research analysts expect that Mettler-Toledo International, Inc. will post $16.89 earnings per share for the current fiscal year.

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A number of research analysts have weighed in on MTD shares. Bank of America Corporation upped their price objective on shares of Mettler-Toledo International from $590.00 to $630.00 and gave the stock a “buy” rating in a research report on Wednesday, May 31st. Zacks Investment Research upgraded shares of Mettler-Toledo International from a “hold” rating to a “buy” rating and set a $643.00 price target for the company in a research report on Thursday, May 25th. BidaskClub downgraded shares of Mettler-Toledo International from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, June 13th. Morgan Stanley restated an “equal weight” rating and set a $565.00 price target (up previously from $533.00) on shares of Mettler-Toledo International in a research report on Saturday, July 22nd. Finally, Jefferies Group LLC restated a “hold” rating and set a $550.00 price target on shares of Mettler-Toledo International in a research report on Tuesday, June 20th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $569.80.

Hedge funds have recently made changes to their positions in the stock. BlackRock Inc. boosted its position in shares of Mettler-Toledo International by 1,735.6% in the first quarter. BlackRock Inc. now owns 1,748,149 shares of the medical instruments supplier’s stock worth $837,207,000 after buying an additional 1,652,915 shares during the last quarter. Koch Industries Inc. boosted its position in shares of Mettler-Toledo International by 96,281.2% in the second quarter. Koch Industries Inc. now owns 696,836 shares of the medical instruments supplier’s stock worth $696,000 after buying an additional 696,113 shares during the last quarter. Janus Henderson Group PLC boosted its position in shares of Mettler-Toledo International by 5,926.9% in the second quarter. Janus Henderson Group PLC now owns 202,927 shares of the medical instruments supplier’s stock worth $119,430,000 after buying an additional 199,560 shares during the last quarter. Parametric Portfolio Associates LLC boosted its position in shares of Mettler-Toledo International by 253.5% in the second quarter. Parametric Portfolio Associates LLC now owns 201,137 shares of the medical instruments supplier’s stock worth $118,377,000 after buying an additional 144,245 shares during the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. acquired a new position in shares of Mettler-Toledo International during the second quarter worth about $71,233,000. Hedge funds and other institutional investors own 95.23% of the company’s stock.

About Mettler-Toledo International

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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