Traders Sell Mettler-Toledo International, Inc. (NYSE:MTD) on Strength (NYSE:MTD)

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.

WARNING: “Traders Sell Mettler-Toledo International, Inc. (NYSE:MTD) on Strength (NYSE:MTD)” was reported by Rincon Hill News and is the property of of Rincon Hill News. If you are accessing this piece on another website, it was illegally copied and republished in violation of U.S. and international trademark & copyright law. The legal version of this piece can be read at https://rinconhillneighbors.org/2017/08/19/traders-sell-mettler-toledo-international-inc-nysemtd-on-strength-nysemtd-updated-updated.html.

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.

Receive News & Ratings for Mettler-Toledo International Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mettler-Toledo International Inc. and related companies with our FREE daily email newsletter.

 

Latest News



Leave a Reply

 
© 2006-2017 Rincon Hill News.