Mettler-Toledo International Inc. (NYSE:MTD) Director Elisha W. Finney Sells 76 Shares

Mettler-Toledo International Inc. (NYSE:MTD) Director Elisha W. Finney sold 76 shares of the business’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $1,311.75, for a total value of $99,693.00. Following the completion of the sale, the director now owns 240 shares in the company, valued at approximately $314,820. The trade was a 24.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Mettler-Toledo International Price Performance

MTD opened at $1,239.13 on Friday. The business has a 50 day simple moving average of $1,388.91 and a two-hundred day simple moving average of $1,401.80. The firm has a market capitalization of $26.15 billion, a price-to-earnings ratio of 33.41, a PEG ratio of 4.16 and a beta of 1.16. Mettler-Toledo International Inc. has a one year low of $1,039.01 and a one year high of $1,546.93.

Mettler-Toledo International (NYSE:MTD) last posted its earnings results on Thursday, November 7th. The medical instruments supplier reported $10.21 earnings per share for the quarter, topping analysts’ consensus estimates of $10.00 by $0.21. The firm had revenue of $954.54 million for the quarter, compared to the consensus estimate of $941.93 million. Mettler-Toledo International had a negative return on equity of 531.78% and a net margin of 21.15%. As a group, sell-side analysts expect that Mettler-Toledo International Inc. will post 40.37 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Benjamin Edwards Inc. purchased a new position in shares of Mettler-Toledo International in the 3rd quarter valued at approximately $289,000. Edgestream Partners L.P. lifted its stake in shares of Mettler-Toledo International by 1,270.6% in the 3rd quarter. Edgestream Partners L.P. now owns 3,262 shares of the medical instruments supplier’s stock valued at $4,892,000 after purchasing an additional 3,024 shares during the period. Eventide Asset Management LLC lifted its stake in shares of Mettler-Toledo International by 7.5% in the 3rd quarter. Eventide Asset Management LLC now owns 79,129 shares of the medical instruments supplier’s stock valued at $118,670,000 after purchasing an additional 5,504 shares during the period. Atlantic Union Bankshares Corp lifted its stake in shares of Mettler-Toledo International by 13.3% in the 3rd quarter. Atlantic Union Bankshares Corp now owns 2,073 shares of the medical instruments supplier’s stock valued at $3,109,000 after purchasing an additional 244 shares during the period. Finally, Capstone Investment Advisors LLC increased its position in Mettler-Toledo International by 4.4% during the 3rd quarter. Capstone Investment Advisors LLC now owns 517 shares of the medical instruments supplier’s stock valued at $775,000 after buying an additional 22 shares in the last quarter. Hedge funds and other institutional investors own 95.07% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Wells Fargo & Company lowered their target price on Mettler-Toledo International from $1,400.00 to $1,350.00 and set an “equal weight” rating on the stock in a research note on Monday. Robert W. Baird reduced their price target on Mettler-Toledo International from $1,375.00 to $1,310.00 and set a “neutral” rating for the company in a research report on Monday. Stifel Nicolaus reduced their price target on Mettler-Toledo International from $1,550.00 to $1,450.00 and set a “buy” rating for the company in a research report on Monday. JPMorgan Chase & Co. boosted their target price on Mettler-Toledo International from $1,300.00 to $1,400.00 and gave the stock a “neutral” rating in a research report on Monday, August 5th. Finally, Evercore ISI boosted their target price on Mettler-Toledo International from $1,375.00 to $1,450.00 and gave the stock an “in-line” rating in a research report on Tuesday, October 1st. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $1,338.75.

About Mettler-Toledo International

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.