Mettler-Toledo International Inc. (NYSE:MTD) Insider Gerry Keller Sells 449 Shares

Mettler-Toledo International Inc. (NYSE:MTD – Get Rating) insider Gerry Keller sold 449 shares of the business’s stock in a transaction that occurred on Tuesday, May 23rd. The stock was sold at an average price of $1,400.00, for a total value of $628,600.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Mettler-Toledo International Stock Performance

MTD opened at $1,316.95 on Friday. The firm has a market capitalization of $29.00 billion, a PE ratio of 33.44, a PEG ratio of 2.24 and a beta of 1.17. Mettler-Toledo International Inc. has a twelve month low of $1,065.55 and a twelve month high of $1,615.97. The firm’s 50-day moving average price is $1,470.33 and its 200 day moving average price is $1,474.01. The company has a current ratio of 1.28, a quick ratio of 0.86 and a debt-to-equity ratio of 76.98.

Mettler-Toledo International (NYSE:MTD – Get Rating) last released its quarterly earnings results on Thursday, May 4th. The medical instruments supplier reported $8.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $8.61 by $0.08. Mettler-Toledo International had a net margin of 22.45% and a negative return on equity of 4,833.51%. The business had revenue of $928.70 million for the quarter, compared to the consensus estimate of $921.19 million. During the same period in the previous year, the firm earned $7.87 EPS. The business’s revenue was up 3.4% on a year-over-year basis. As a group, sell-side analysts expect that Mettler-Toledo International Inc. will post 43.88 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Cambridge Investment Research Advisors Inc. increased its holdings in shares of Mettler-Toledo International by 8.0% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 176 shares of the medical instruments supplier’s stock valued at $242,000 after purchasing an additional 13 shares in the last quarter. Raymond James Trust N.A. boosted its position in shares of Mettler-Toledo International by 19.7% in the first quarter. Raymond James Trust N.A. now owns 176 shares of the medical instruments supplier’s stock worth $242,000 after acquiring an additional 29 shares during the last quarter. Vontobel Holding Ltd. boosted its position in shares of Mettler-Toledo International by 48.9% in the first quarter. Vontobel Holding Ltd. now owns 834 shares of the medical instruments supplier’s stock worth $1,172,000 after acquiring an additional 274 shares during the last quarter. Sei Investments Co. grew its stake in Mettler-Toledo International by 4.2% during the first quarter. Sei Investments Co. now owns 16,305 shares of the medical instruments supplier’s stock worth $21,817,000 after buying an additional 662 shares during the period. Finally, Prudential PLC purchased a new stake in Mettler-Toledo International during the first quarter worth approximately $626,000. Institutional investors and hedge funds own 91.94% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on MTD. TheStreet upgraded shares of Mettler-Toledo International from a “c+” rating to a “b-” rating in a research note on Thursday, February 2nd. StockNews.com assumed coverage on shares of Mettler-Toledo International in a report on Thursday, May 18th. They issued a “buy” rating for the company. Citigroup increased their price objective on shares of Mettler-Toledo International from $1,350.00 to $1,525.00 and gave the company a “neutral” rating in a report on Monday, February 13th. 51job restated a “maintains” rating on shares of Mettler-Toledo International in a research report on Monday, May 8th. Finally, Wells Fargo & Company decreased their target price on shares of Mettler-Toledo International from $1,675.00 to $1,660.00 in a research report on Monday, May 8th. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $1,469.50.

Mettler-Toledo International Company Profile

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Mettler-Toledo International, Inc engages in the provision of precision instruments and services. The firm manufactures weighing instruments for use in laboratory, industrial, packaging, logistics, and food retailing applications. It also manufactures several related analytical instruments and provides automated chemistry solutions used in drug and chemical compound discovery and development, metal detection and other end-of-line inspection systems used in production and packaging and provides solutions for use in certain process analytics applications.