Today: Mettler-Toledo International Inc. (MTD) Director Robert F. Spoerry Sold 236 Shares

Today: Mettler-Toledo International Inc. (MTD) Director Robert F. Spoerry Sold 236 Shares

Mettler-Toledo International Inc. (NYSE:MTD) Director Robert F. Spoerry sold 236 shares of the business’s stock in a transaction that occurred on Wednesday, November 23rd. The shares were sold at an average price of $420.00, for a total value of $99,120.00. Following the sale, the director now owns 5,823 shares of the company’s stock, valued at approximately $2,445,660. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Shares of Mettler-Toledo International Inc. (NYSE:MTD) traded down 0.40% during midday trading on Monday, reaching $417.47. The company had a trading volume of 58,859 shares. Mettler-Toledo International Inc. has a one year low of $291.33 and a one year high of $434.50. The company has a market capitalization of $10.95 billion, a P/E ratio of 30.82 and a beta of 1.24. The company has a 50-day moving average price of $413.40 and a 200 day moving average price of $394.75.

Mettler-Toledo International (NYSE:MTD) last released its earnings results on Thursday, November 3rd. The company reported $3.89 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $3.66 by $0.23. The company had revenue of $650.60 million for the quarter, compared to the consensus estimate of $627.37 million. Mettler-Toledo International had a return on equity of 73.43% and a net margin of 14.97%. Mettler-Toledo International’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same period in the previous year, the business earned $3.26 earnings per share. Equities analysts anticipate that Mettler-Toledo International Inc. will post $14.65 earnings per share for the current fiscal year.

A number of institutional investors have recently added to or reduced their stakes in MTD. Checchi Capital Advisers LLC increased its position in Mettler-Toledo International by 3.3% in the second quarter. Checchi Capital Advisers LLC now owns 316 shares of the company’s stock valued at $115,000 after buying an additional 10 shares during the period. LS Investment Advisors LLC increased its position in shares of Mettler-Toledo International by 34.3% in the second quarter. LS Investment Advisors LLC now owns 2,734 shares of the company’s stock valued at $998,000 after buying an additional 698 shares during the last quarter. Dorsey Wright & Associates increased its position in shares of Mettler-Toledo International by 3.2% in the second quarter. Dorsey Wright & Associates now owns 6,649 shares of the company’s stock valued at $2,426,000 after buying an additional 204 shares during the last quarter. Acadian Asset Management LLC increased its position in shares of Mettler-Toledo International by 54.9% in the second quarter. Acadian Asset Management LLC now owns 624,257 shares of the company’s stock valued at $227,800,000 after buying an additional 221,233 shares during the last quarter. Finally, Nordea Investment Management AB increased its position in shares of Mettler-Toledo International by 18.7% in the second quarter. Nordea Investment Management AB now owns 28,205 shares of the company’s stock valued at $10,293,000 after buying an additional 4,434 shares during the last quarter. Institutional investors own 97.86% of the company’s stock.

Several equities research analysts have recently commented on MTD shares. Zacks Investment Research upgraded Mettler-Toledo International from a “hold” rating to a “buy” rating and set a $470.00 price objective for the company in a report on Tuesday, November 15th. Bank of America Corp. upgraded Mettler-Toledo International from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $404.33 to $470.00 in a report on Wednesday, August 31st. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Mettler-Toledo International currently has a consensus rating of “Hold” and a consensus price target of $392.29.

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