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

Mettler-Toledo International Inc. (NYSE:MTD) insider Christian Magloth sold 790 shares of the stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $1,313.69, for a total value of $1,037,815.10. Following the transaction, the insider now directly owns 734 shares of the company’s stock, valued at $964,248.46. This trade represents a 51.84 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Mettler-Toledo International Stock Performance

Shares of MTD opened at $1,256.11 on Friday. The firm has a market cap 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 Inc. has a 52 week low of $1,142.91 and a 52 week high of $1,546.93. The firm’s 50-day simple moving average is $1,290.38 and its 200 day simple moving average is $1,330.97.

Mettler-Toledo International (NYSE:MTD) last posted its earnings results on Thursday, February 13th. The medical instruments supplier reported $12.41 EPS for the quarter, beating 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, equities analysts forecast that Mettler-Toledo International Inc. will post 42.71 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on MTD. Wolfe Research initiated coverage on Mettler-Toledo International in a research note on Friday, December 13th. They set a “peer perform” rating on the stock. Evercore ISI upped 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 research report on Monday, February 10th. Stifel Nicolaus decreased their price objective on shares of 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, November 11th. Wells Fargo & Company upped their target price on shares of 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, Robert W. Baird lifted their price target on Mettler-Toledo International from $1,362.00 to $1,369.00 and gave the stock a “neutral” rating in a report on Monday, February 10th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, Mettler-Toledo International presently has an average rating of “Hold” and a consensus target price of $1,368.00.

Institutional Investors Weigh In On Mettler-Toledo International

A number of hedge funds and other institutional investors have recently modified their holdings of MTD. Mackenzie Financial Corp increased its position in Mettler-Toledo International by 17.5% during the fourth quarter. Mackenzie Financial Corp now owns 2,268 shares of the medical instruments supplier’s stock worth $2,775,000 after acquiring an additional 338 shares during the period. Toronto Dominion Bank boosted its holdings in Mettler-Toledo International by 7.0% in the 4th quarter. Toronto Dominion Bank now owns 11,470 shares of the medical instruments supplier’s stock valued at $14,035,000 after purchasing an additional 746 shares during the period. GF Fund Management CO. LTD. acquired a new position in shares of Mettler-Toledo International during the 4th quarter worth approximately $638,000. Pacific Point Advisors LLC bought a new position in shares of Mettler-Toledo International during the fourth quarter worth approximately $1,312,000. Finally, GTS Securities LLC raised its position in shares of Mettler-Toledo International by 43.5% in the fourth quarter. GTS Securities LLC now owns 406 shares of the medical instruments supplier’s stock valued at $497,000 after buying an additional 123 shares in the last quarter. Institutional investors and hedge funds own 95.07% of the company’s stock.

Mettler-Toledo International Company Profile

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.