Mettler-Toledo International Inc. (NYSE:MTD) insider La Guerroniere Marc De sold 6,245 shares of the business’s stock in a transaction dated Monday, December 3rd. The stock was sold at an average price of $642.79, for a total transaction of $4,014,223.55. Following the completion of the sale, the insider now owns 6,245 shares in the company, valued at $4,014,223.55. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
La Guerroniere Marc De also recently made the following trade(s):
- On Monday, September 10th, La Guerroniere Marc De sold 740 shares of Mettler-Toledo International stock. The stock was sold at an average price of $600.00, for a total transaction of $444,000.00.
Shares of NYSE MTD traded down $15.62 during trading hours on Friday, hitting $594.48. The stock had a trading volume of 4,442 shares, compared to its average volume of 175,610. The stock has a market cap of $15.75 billion, a price-to-earnings ratio of 33.89, a PEG ratio of 2.44 and a beta of 1.20. Mettler-Toledo International Inc. has a 52 week low of $521.79 and a 52 week high of $697.26. The company has a debt-to-equity ratio of 1.86, a quick ratio of 1.00 and a current ratio of 1.39.
MTD has been the topic of several research reports. Zacks Investment Research cut shares of Mettler-Toledo International from a “buy” rating to a “hold” rating in a research report on Tuesday, October 16th. ValuEngine upgraded Mettler-Toledo International from a “hold” rating to a “buy” rating in a report on Friday, November 16th. Morgan Stanley upped their target price on Mettler-Toledo International from $529.00 to $572.00 and gave the company an “equal weight” rating in a report on Wednesday, October 10th. Finally, UBS Group assumed coverage on Mettler-Toledo International in a report on Tuesday, October 9th. They issued a “neutral” rating and a $625.00 target price on the stock. Ten equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $624.00.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Morgan Stanley grew its stake in shares of Mettler-Toledo International by 47.9% in the 2nd quarter. Morgan Stanley now owns 74,688 shares of the medical instruments supplier’s stock valued at $43,217,000 after buying an additional 24,177 shares in the last quarter. Trust Co. of Oklahoma bought a new stake in Mettler-Toledo International during the third quarter worth approximately $853,000. Ontario Teachers Pension Plan Board boosted its position in Mettler-Toledo International by 65.4% during the second quarter. Ontario Teachers Pension Plan Board now owns 52,446 shares of the medical instruments supplier’s stock worth $30,347,000 after purchasing an additional 20,732 shares during the period. Schwab Charles Investment Management Inc. boosted its position in Mettler-Toledo International by 3.8% during the second quarter. Schwab Charles Investment Management Inc. now owns 95,465 shares of the medical instruments supplier’s stock worth $55,239,000 after purchasing an additional 3,525 shares during the period. Finally, Epoch Investment Partners Inc. bought a new stake in Mettler-Toledo International during the second quarter worth approximately $3,309,000. 93.80% of the stock is owned by institutional investors and hedge funds.
Mettler-Toledo International Company Profile
Mettler-Toledo International Inc manufactures and supplies precision instruments and services worldwide. The company operates in five segments: U.S. Operations, Swiss Operations, Western European Operations, Chinese Operations, and Other. It offers weighing instruments for laboratory, industrial, packaging, logistics, and food retailing applications; analytical instruments for use in life science; various related analytical instruments and provides automated chemistry solutions used in drug and chemical compound discovery and development; and end-of-line product inspection systems used in production and packaging for food processing and packaging, pharmaceutical, packaged consumer goods, and other industries.
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