Insider Selling: Mettler-Toledo International, Inc. (NYSE:MTD) Director Sells 1,000 Shares of Stock

Mettler-Toledo International, Inc. (NYSE:MTD) Director Wah-Hui Chu sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $579.51, for a total transaction of $579,510.00. Following the sale, the director now directly owns 3,243 shares of the company’s stock, valued at approximately $1,879,350.93. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Wah-Hui Chu also recently made the following trade(s):

  • On Thursday, May 25th, Wah-Hui Chu sold 500 shares of Mettler-Toledo International stock. The stock was sold at an average price of $575.00, for a total transaction of $287,500.00.
  • On Monday, May 22nd, Wah-Hui Chu sold 500 shares of Mettler-Toledo International stock. The shares were sold at an average price of $567.00, for a total transaction of $283,500.00.

Mettler-Toledo International, Inc. (NYSE:MTD) opened at 577.58 on Friday. The company’s 50-day moving average is $591.25 and its 200 day moving average is $529.09. Mettler-Toledo International, Inc. has a 52 week low of $386.01 and a 52 week high of $618.13. The company has a market capitalization of $14.83 billion, a price-to-earnings ratio of 35.52 and a beta of 1.13.

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

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Several brokerages recently commented on MTD. BidaskClub raised shares of Mettler-Toledo International from a “buy” rating to a “strong-buy” rating in a research note on Thursday, June 22nd. Zacks Investment Research upgraded shares of Mettler-Toledo International from a “hold” rating to a “buy” rating and set a $655.00 price objective for the company in a research report on Wednesday, June 14th. Wells Fargo & Company upgraded shares of Mettler-Toledo International from a “market perform” rating to an “outperform” rating in a research report on Wednesday, July 12th. Finally, Morgan Stanley reiterated an “equal weight” rating and set a $565.00 price objective (up from $533.00) on shares of Mettler-Toledo International in a research report on Saturday, July 22nd. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $569.80.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Teachers Advisors LLC increased its position in shares of Mettler-Toledo International by 7.6% in the fourth quarter. Teachers Advisors LLC now owns 37,697 shares of the medical instruments supplier’s stock worth $15,778,000 after buying an additional 2,672 shares during the last quarter. Morgan Stanley increased its position in shares of Mettler-Toledo International by 37.8% in the first quarter. Morgan Stanley now owns 269,128 shares of the medical instruments supplier’s stock worth $128,890,000 after buying an additional 73,762 shares during the last quarter. Creative Planning increased its position in shares of Mettler-Toledo International by 7.4% in the first quarter. Creative Planning now owns 1,151 shares of the medical instruments supplier’s stock worth $551,000 after buying an additional 79 shares during the last quarter. Toronto Dominion Bank increased its position in shares of Mettler-Toledo International by 54.6% in the first quarter. Toronto Dominion Bank now owns 7,000 shares of the medical instruments supplier’s stock worth $3,352,000 after buying an additional 2,472 shares during the last quarter. Finally, Gulf International Bank UK Ltd increased its position in shares of Mettler-Toledo International by 1.4% in the first quarter. Gulf International Bank UK Ltd now owns 8,168 shares of the medical instruments supplier’s stock worth $3,911,000 after buying an additional 110 shares during the last quarter. 96.22% of the stock is currently owned by institutional investors and hedge funds.

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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