Investors sold shares of Mettler-Toledo International, Inc. (NYSE:MTD) on strength during trading hours on Tuesday. $29.89 million flowed into the stock on the tick-up and $63.51 million flowed out of the stock on the tick-down, for a money net flow of $33.62 million out of the stock. Of all stocks tracked, Mettler-Toledo International had the 0th highest net out-flow for the day. Mettler-Toledo International traded up $0.44 for the day and closed at $573.52
A number of research firms have commented on MTD. Morgan Stanley restated an “equal weight” rating and issued a $565.00 price objective (up from $533.00) on shares of Mettler-Toledo International in a research note on Saturday, July 22nd. Zacks Investment Research raised shares of Mettler-Toledo International from a “hold” rating to a “buy” rating and set a $684.00 target price on the stock in a report on Friday, July 21st. BidaskClub raised shares of Mettler-Toledo International from a “buy” rating to a “strong-buy” rating in a report on Wednesday, July 12th. Wells Fargo & Company raised shares of Mettler-Toledo International from a “market perform” rating to an “outperform” rating in a report on Wednesday, July 12th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and issued a $550.00 target price on shares of Mettler-Toledo International in a report on Thursday, July 27th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Mettler-Toledo International has an average rating of “Buy” and an average price target of $569.80.
The stock has a market capitalization of $14.75 billion, a price-to-earnings ratio of 35.34 and a beta of 1.13. The firm’s 50-day moving average price is $589.28 and its 200-day moving average price is $534.75.
Mettler-Toledo International (NYSE:MTD) last announced its earnings results on Thursday, July 27th. The medical instruments supplier reported $3.92 EPS for the quarter, topping the consensus estimate of $3.89 by $0.03. Mettler-Toledo International had a net margin of 16.60% and a return on equity of 95.28%. The company had revenue of $653.70 million during the quarter, compared to analysts’ expectations of $646.68 million. During the same period last year, the company posted $3.22 earnings per share. The business’s revenue for the quarter was up 7.5% on a year-over-year basis. On average, equities research analysts forecast that Mettler-Toledo International, Inc. will post $16.89 EPS for the current year.
In other news, Director Robert F. Spoerry sold 6,200 shares of the firm’s stock in a transaction on Tuesday, May 23rd. The shares were sold at an average price of $570.00, for a total value of $3,534,000.00. Following the sale, the director now owns 6,454 shares in the company, valued at $3,678,780. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Wah-Hui Chu sold 500 shares of the firm’s stock in a transaction on Monday, May 22nd. The stock was sold at an average price of $567.00, for a total transaction of $283,500.00. Following the completion of the sale, the director now owns 3,243 shares in the company, valued at approximately $1,838,781. The disclosure for this sale can be found here. Over the last quarter, insiders sold 19,786 shares of company stock valued at $11,418,119. Corporate insiders own 5.20% of the company’s stock.
A number of large investors have recently bought and sold shares of MTD. Israel Discount Bank of New York acquired a new stake in Mettler-Toledo International during the first quarter worth $102,000. First Personal Financial Services increased its stake in Mettler-Toledo International by 2.8% in the second quarter. First Personal Financial Services now owns 186 shares of the medical instruments supplier’s stock worth $109,000 after buying an additional 5 shares in the last quarter. Sun Life Financial INC increased its stake in Mettler-Toledo International by 2,585.7% in the second quarter. Sun Life Financial INC now owns 188 shares of the medical instruments supplier’s stock worth $111,000 after buying an additional 181 shares in the last quarter. YorkBridge Wealth Partners LLC increased its stake in Mettler-Toledo International by 11.0% in the first quarter. YorkBridge Wealth Partners LLC now owns 222 shares of the medical instruments supplier’s stock worth $115,000 after buying an additional 22 shares in the last quarter. Finally, Acrospire Investment Management LLC acquired a new stake in Mettler-Toledo International during the second quarter worth $118,000. Hedge funds and other institutional investors own 95.23% of the company’s stock.
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Mettler-Toledo International Company Profile
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.
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