Gerry Keller Sells 240 Shares of Mettler-Toledo International (NYSE:MTD) Stock

Mettler-Toledo International, Inc. (NYSE:MTD) insider Gerry Keller sold 240 shares of the firm’s stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $1,427.14, for a total value of $342,513.60. Following the completion of the transaction, the insider owned 259 shares in the company, valued at approximately $369,629.26. This trade represents a 48.10% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Mettler-Toledo International Stock Performance

MTD stock traded up $6.70 during midday trading on Wednesday, reaching $1,443.70. 20,369 shares of the company’s stock traded hands, compared to its average volume of 177,534. The company has a current ratio of 1.12, a quick ratio of 0.78 and a debt-to-equity ratio of 159.45. Mettler-Toledo International, Inc. has a 52-week low of $1,023.05 and a 52-week high of $1,525.17. The stock has a market cap of $28.93 billion, a P/E ratio of 32.49, a PEG ratio of 2.98 and a beta of 1.23. The stock’s 50-day moving average is $1,250.86 and its 200 day moving average is $1,273.92.

Mettler-Toledo International (NYSE:MTD) last posted its quarterly earnings data on Friday, July 31st. The medical instruments supplier reported $11.46 EPS for the quarter, topping 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 firm had revenue of $1.03 billion during the quarter, compared to analyst estimates of $1.03 billion. During the same period in the prior year, the business posted $10.09 EPS. Mettler-Toledo International’s revenue was up 4.5% on a year-over-year basis. As a group, analysts anticipate that Mettler-Toledo International, Inc. will post 47.19 EPS for the current year.

Hedge Funds Weigh In On Mettler-Toledo International

Several hedge funds have recently added to or reduced their stakes in MTD. Evergreen Capital Management LLC increased its stake in Mettler-Toledo International by 4.5% in the fourth quarter. Evergreen Capital Management LLC now owns 184 shares of the medical instruments supplier’s stock worth $257,000 after purchasing an additional 8 shares during the period. Meridian Wealth Management LLC boosted its position in Mettler-Toledo International by 1.7% in the 4th quarter. Meridian Wealth Management LLC now owns 488 shares of the medical instruments supplier’s stock valued at $680,000 after buying an additional 8 shares during the period. EverSource Wealth Advisors LLC grew its stake in Mettler-Toledo International by 2.7% in the 4th quarter. EverSource Wealth Advisors LLC now owns 302 shares of the medical instruments supplier’s stock worth $421,000 after acquiring an additional 8 shares in the last quarter. Values First Advisors Inc. raised its stake in shares of Mettler-Toledo International by 1.3% during the first quarter. Values First Advisors Inc. now owns 625 shares of the medical instruments supplier’s stock valued at $789,000 after acquiring an additional 8 shares in the last quarter. Finally, Torray Investment Partners LLC boosted its holdings in shares of Mettler-Toledo International by 0.5% in the first quarter. Torray Investment Partners LLC now owns 1,677 shares of the medical instruments supplier’s stock valued at $2,115,000 after purchasing an additional 8 shares during the period. 95.07% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on MTD shares. Wolfe Research began coverage on Mettler-Toledo International in a research note on Tuesday, June 2nd. They issued a “peer perform” rating for the company. Citigroup lowered their target price on shares of Mettler-Toledo International from $1,700.00 to $1,550.00 and set a “buy” rating on the stock in a report on Friday, May 8th. Weiss Ratings downgraded shares of Mettler-Toledo International from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, July 21st. Wells Fargo & Company raised their price objective on Mettler-Toledo International from $1,225.00 to $1,450.00 and gave the company an “equal weight” rating in a research report on Monday. Finally, Robert W. Baird decreased their target price on Mettler-Toledo International from $1,445.00 to $1,194.00 and set a “neutral” rating on the stock in a research report on Monday, May 11th. Six investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $1,461.27.

About Mettler-Toledo International

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.