Mettler-Toledo International, Inc. (NYSE:MTD) Insider Thomas Caratsch Sells 1,350 Shares

Mettler-Toledo International, Inc. (NYSE:MTD) insider Thomas Caratsch sold 1,350 shares of the stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $578.00, for a total value of $780,300.00. Following the completion of the transaction, the insider now owns 870 shares of the company’s stock, valued at $502,860. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Thomas Caratsch also recently made the following trade(s):

  • On Monday, August 14th, Thomas Caratsch sold 3,000 shares of Mettler-Toledo International stock. The shares were sold at an average price of $582.03, for a total value of $1,746,090.00.
  • On Monday, August 7th, Thomas Caratsch sold 150 shares of Mettler-Toledo International stock. The shares were sold at an average price of $578.00, for a total value of $86,700.00.
  • On Monday, May 15th, Thomas Caratsch sold 2,000 shares of Mettler-Toledo International stock. The shares were sold at an average price of $557.00, for a total value of $1,114,000.00.

Mettler-Toledo International, Inc. (MTD) traded up 0.14% during midday trading on Friday, reaching $574.64. The company had a trading volume of 117,773 shares. The company has a 50-day moving average price of $589.28 and a 200-day moving average price of $534.75. The stock has a market capitalization of $14.75 billion, a price-to-earnings ratio of 35.34 and a beta of 1.13. Mettler-Toledo International, Inc. has a one year low of $386.01 and a one year high of $618.13.

Mettler-Toledo International (NYSE:MTD) last released its earnings results on Thursday, July 27th. The medical instruments supplier reported $3.92 earnings per share for the quarter, beating analysts’ consensus estimates of $3.89 by $0.03. Mettler-Toledo International had a return on equity of 95.28% and a net margin of 16.60%. The company had revenue of $653.70 million during the quarter, compared to analyst estimates of $646.68 million. During the same quarter in the previous year, the company posted $3.22 EPS. Mettler-Toledo International’s revenue for the quarter was up 7.5% on a year-over-year basis. On average, equities analysts expect that Mettler-Toledo International, Inc. will post $16.89 earnings per share for the current year.

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MTD has been the subject of several recent research reports. Jefferies Group LLC reissued a “hold” rating and issued a $550.00 price target on shares of Mettler-Toledo International in a research note on Thursday, July 27th. Zacks Investment Research raised Mettler-Toledo International from a “hold” rating to a “buy” rating and set a $664.00 price target for the company in a research note on Thursday, June 22nd. Bank of America Corporation increased their price target on Mettler-Toledo International from $590.00 to $630.00 and gave the company a “buy” rating in a research note on Wednesday, May 31st. Finally, BidaskClub raised Mettler-Toledo International from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, July 12th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $569.80.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. State of Alaska Department of Revenue raised its position in Mettler-Toledo International by 0.5% in the second quarter. State of Alaska Department of Revenue now owns 1,087 shares of the medical instruments supplier’s stock worth $639,000 after buying an additional 5 shares during the last quarter. First Personal Financial Services raised its position 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 during the last quarter. Contravisory Investment Management Inc. raised its position in Mettler-Toledo International by 1.3% in the second quarter. Contravisory Investment Management Inc. now owns 558 shares of the medical instruments supplier’s stock worth $328,000 after buying an additional 7 shares during the last quarter. Pacer Advisors Inc. raised its position in Mettler-Toledo International by 2.5% in the first quarter. Pacer Advisors Inc. now owns 454 shares of the medical instruments supplier’s stock worth $217,000 after buying an additional 11 shares during the last quarter. Finally, 1st Global Advisors Inc. raised its position in Mettler-Toledo International by 0.7% in the first quarter. 1st Global Advisors Inc. now owns 1,812 shares of the medical instruments supplier’s stock worth $868,000 after buying an additional 13 shares during the last quarter. 95.23% of the stock is owned by institutional investors and hedge funds.

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.

Insider Buying and Selling by Quarter for Mettler-Toledo International (NYSE:MTD)

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