Mettler-Toledo International (NYSE:MTD) CFO Shawn Vadala Sells 2,240 Shares of Stock

Mettler-Toledo International, Inc. (NYSE:MTD) CFO Shawn Vadala sold 2,240 shares of the company’s stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $1,432.00, for a total value of $3,207,680.00. Following the completion of the transaction, the chief financial officer directly owned 5,579 shares in the company, valued at $7,989,128. This trade represents a 28.65% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Mettler-Toledo International Stock Up 0.5%

Shares of Mettler-Toledo International stock traded up $6.70 on Wednesday, reaching $1,443.70. The company’s stock had a trading volume of 20,369 shares, compared to its average volume of 177,534. Mettler-Toledo International, Inc. has a 52 week low of $1,023.05 and a 52 week high of $1,525.17. The firm’s fifty day simple moving average is $1,250.86 and its two-hundred day simple moving average is $1,273.92. The company has a quick ratio of 0.78, a current ratio of 1.12 and a debt-to-equity ratio of 159.45. The company has a market capitalization of $28.93 billion, a price-to-earnings ratio of 32.49, a P/E/G ratio of 2.98 and a beta of 1.23.

Mettler-Toledo International (NYSE:MTD) last released its quarterly earnings data on Friday, July 31st. The medical instruments supplier reported $11.46 EPS for the quarter, beating the consensus estimate of $10.78 by $0.68. Mettler-Toledo International had a negative return on equity of 1,212.14% and a net margin of 21.91%.The company had revenue of $1.03 billion for the quarter, compared to analysts’ expectations of $1.03 billion. During the same period last year, the firm posted $10.09 earnings per share. Mettler-Toledo International’s revenue was up 4.5% compared to the same quarter last year. Equities analysts anticipate that Mettler-Toledo International, Inc. will post 47.19 earnings per share for the current year.

Hedge Funds Weigh In On Mettler-Toledo International

A number of large investors have recently bought and sold shares of MTD. Tema ETFs LLC boosted its stake in shares of Mettler-Toledo International by 8.8% during the 2nd quarter. Tema ETFs LLC now owns 347 shares of the medical instruments supplier’s stock valued at $443,000 after buying an additional 28 shares during the last quarter. Handelsbanken Fonder AB increased its holdings in shares of Mettler-Toledo International by 11.4% during the 2nd quarter. Handelsbanken Fonder AB now owns 14,165 shares of the medical instruments supplier’s stock valued at $18,096,000 after acquiring an additional 1,446 shares during the last quarter. Sax Wealth Advisors LLC grew its position in Mettler-Toledo International by 56.0% during the second quarter. Sax Wealth Advisors LLC now owns 426 shares of the medical instruments supplier’s stock worth $538,000 after buying an additional 153 shares in the last quarter. Czech National Bank boosted its stake in Mettler-Toledo International by 3.9% in the second quarter. Czech National Bank now owns 5,752 shares of the medical instruments supplier’s stock worth $7,348,000 after purchasing an additional 217 shares in the last quarter. Finally, PensionDanmark Pensionsforsikringsaktieselskab lifted its stake in shares of Mettler-Toledo International by 27.4% in the 2nd quarter. PensionDanmark Pensionsforsikringsaktieselskab now owns 7,342 shares of the medical instruments supplier’s stock valued at $9,379,000 after purchasing an additional 1,577 shares during the period. Hedge funds and other institutional investors own 95.07% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Weiss Ratings downgraded shares of Mettler-Toledo International from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, July 21st. Citigroup decreased their target price on shares of Mettler-Toledo International from $1,700.00 to $1,550.00 and set a “buy” rating for the company in a research note on Friday, May 8th. JPMorgan Chase & Co. dropped their price target on Mettler-Toledo International from $1,413.00 to $1,200.00 and set a “neutral” rating on the stock in a research note on Monday, May 11th. Wolfe Research assumed coverage on Mettler-Toledo International in a report on Tuesday, June 2nd. They issued a “peer perform” rating on the stock. Finally, Robert W. Baird cut their price target on Mettler-Toledo International from $1,445.00 to $1,194.00 and set a “neutral” rating for the company in a research note on Monday, May 11th. Six investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $1,461.27.

Mettler-Toledo International Company Profile

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.