Mettler-Toledo International Inc. (NYSE:MTD) Insider Christian Magloth Sells 790 Shares

Mettler-Toledo International Inc. (NYSE:MTD) insider Christian Magloth sold 790 shares of the company’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $1,313.69, for a total value of $1,037,815.10. Following the completion of the transaction, the insider now directly owns 734 shares of the company’s stock, valued at approximately $964,248.46. The trade was a 51.84 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Mettler-Toledo International Trading Down 2.6 %

Shares of MTD opened at $1,256.11 on Friday. The firm’s fifty day simple moving average is $1,290.38 and its two-hundred day simple moving average is $1,330.97. Mettler-Toledo International Inc. has a 12 month low of $1,142.91 and a 12 month high of $1,546.93. The stock has a market capitalization of $26.27 billion, a P/E ratio of 30.99, a price-to-earnings-growth ratio of 3.30 and a beta of 1.13.

Mettler-Toledo International (NYSE:MTD) last released its earnings results on Thursday, February 13th. The medical instruments supplier reported $12.41 EPS for the quarter, topping the consensus estimate of $11.76 by $0.65. Mettler-Toledo International had a negative return on equity of 591.54% and a net margin of 22.29%. As a group, research analysts predict that Mettler-Toledo International Inc. will post 42.71 EPS for the current fiscal year.

Institutional Trading of Mettler-Toledo International

Several hedge funds have recently modified their holdings of the stock. SBI Securities Co. Ltd. bought a new position in Mettler-Toledo International during the fourth quarter worth $33,000. Blue Trust Inc. raised its holdings in shares of Mettler-Toledo International by 242.9% during the third quarter. Blue Trust Inc. now owns 24 shares of the medical instruments supplier’s stock valued at $34,000 after purchasing an additional 17 shares during the period. Ashton Thomas Securities LLC bought a new position in shares of Mettler-Toledo International during the 3rd quarter worth about $37,000. Edmond DE Rothschild Holding S.A. acquired a new stake in shares of Mettler-Toledo International in the 4th quarter valued at about $44,000. Finally, Whipplewood Advisors LLC bought a new stake in Mettler-Toledo International in the 4th quarter valued at about $54,000. Institutional investors own 95.07% of the company’s stock.

Wall Street Analyst Weigh In

MTD has been the subject of several recent research reports. Stifel Nicolaus lowered their price objective on Mettler-Toledo International from $1,550.00 to $1,450.00 and set a “buy” rating for the company in a research note on Monday, November 11th. Robert W. Baird upped their price target on shares of Mettler-Toledo International from $1,362.00 to $1,369.00 and gave the company a “neutral” rating in a research report on Monday, February 10th. Evercore ISI lifted their price target on shares of Mettler-Toledo International from $1,450.00 to $1,475.00 and gave the stock an “outperform” rating in a report on Monday, February 10th. Wells Fargo & Company increased their price objective on Mettler-Toledo International from $1,350.00 to $1,400.00 and gave the company an “equal weight” rating in a report on Monday, February 10th. Finally, Citigroup raised Mettler-Toledo International from a “sell” rating to a “neutral” rating and lifted their target price for the stock from $1,200.00 to $1,300.00 in a report on Wednesday, December 11th. One analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $1,368.00.

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.