Elisha W. Finney Sells 76 Shares of Mettler-Toledo International Inc. (NYSE:MTD) Stock

Mettler-Toledo International Inc. (NYSE:MTD) Director Elisha W. Finney sold 76 shares of the stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $1,311.75, for a total transaction of $99,693.00. Following the transaction, the director now directly owns 240 shares of the company’s stock, valued at $314,820. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Mettler-Toledo International Stock Performance

Shares of NYSE MTD opened at $1,258.66 on Thursday. The firm’s 50 day moving average price is $1,388.91 and its 200 day moving average price is $1,401.80. The firm has a market cap of $26.56 billion, a P/E ratio of 33.94, a price-to-earnings-growth ratio of 4.16 and a beta of 1.16. Mettler-Toledo International Inc. has a 1 year low of $1,029.01 and a 1 year high of $1,546.93.

Mettler-Toledo International (NYSE:MTD) last released its earnings results on Thursday, November 7th. The medical instruments supplier reported $10.21 EPS for the quarter, beating the consensus estimate of $10.00 by $0.21. Mettler-Toledo International had a negative return on equity of 531.78% and a net margin of 21.15%. The firm had revenue of $954.54 million during the quarter, compared to analyst estimates of $941.93 million. As a group, equities analysts predict that Mettler-Toledo International Inc. will post 40.37 EPS for the current year.

Wall Street Analyst Weigh In

MTD has been the subject of a number of analyst reports. JPMorgan Chase & Co. increased their target price on Mettler-Toledo International from $1,300.00 to $1,400.00 and gave the stock a “neutral” rating in a research note on Monday, August 5th. Evercore ISI boosted their target price on shares of Mettler-Toledo International from $1,375.00 to $1,450.00 and gave the stock an “in-line” rating in a research report on Tuesday, October 1st. Wells Fargo & Company decreased their price objective on shares of Mettler-Toledo International from $1,400.00 to $1,350.00 and set an “equal weight” rating on the stock in a report on Monday. Robert W. Baird lowered their price target on Mettler-Toledo International from $1,375.00 to $1,310.00 and set a “neutral” rating on the stock in a report on Monday. Finally, Stifel Nicolaus dropped their price target on 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. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $1,338.75.

Institutional Investors Weigh In On Mettler-Toledo International

Hedge funds have recently modified their holdings of the stock. Gateway Investment Advisers LLC acquired a new position in shares of Mettler-Toledo International in the 2nd quarter valued at $685,000. Swedbank AB acquired a new stake in Mettler-Toledo International during the first quarter worth about $26,867,000. SG Americas Securities LLC raised its holdings in shares of Mettler-Toledo International by 52.9% in the 2nd quarter. SG Americas Securities LLC now owns 4,516 shares of the medical instruments supplier’s stock worth $6,312,000 after purchasing an additional 1,562 shares during the period. Allspring Global Investments Holdings LLC lifted its stake in shares of Mettler-Toledo International by 14.0% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 1,240 shares of the medical instruments supplier’s stock valued at $1,860,000 after purchasing an additional 152 shares in the last quarter. Finally, Linden Thomas Advisory Services LLC grew its holdings in shares of Mettler-Toledo International by 212.2% during the 2nd quarter. Linden Thomas Advisory Services LLC now owns 1,308 shares of the medical instruments supplier’s stock worth $1,828,000 after purchasing an additional 889 shares during the period. 95.07% of the stock is owned by institutional investors and hedge funds.

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.