Traders Sell Shares of Mettler-Toledo International (MTD) on Strength (MTD)

Investors sold shares of Mettler-Toledo International Inc. (NYSE:MTD) on strength during trading hours on Wednesday. $25.18 million flowed into the stock on the tick-up and $38.64 million flowed out of the stock on the tick-down, for a money net flow of $13.46 million out of the stock. Of all companies tracked, Mettler-Toledo International had the 33rd highest net out-flow for the day. Mettler-Toledo International traded up $2.40 for the day and closed at $615.93

A number of equities analysts recently issued reports on MTD shares. Morgan Stanley upped their price target on Mettler-Toledo International from $535.00 to $545.00 and gave the company an “equal weight” rating in a report on Friday, November 3rd. Robert W. Baird upped their price target on Mettler-Toledo International from $605.00 to $675.00 and gave the company a “neutral” rating in a report on Friday, November 3rd. Jefferies Group reaffirmed a “hold” rating and issued a $600.00 price target on shares of Mettler-Toledo International in a report on Friday, October 20th. Zacks Investment Research raised Mettler-Toledo International from a “hold” rating to a “buy” rating and set a $705.00 price target for the company in a report on Thursday, September 14th. Finally, Bank of America upped their price target on Mettler-Toledo International from $640.00 to $710.00 and gave the company a “buy” rating in a report on Monday, October 9th. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Mettler-Toledo International currently has an average rating of “Buy” and a consensus price target of $621.57.

The company has a current ratio of 1.51, a quick ratio of 1.11 and a debt-to-equity ratio of 2.05. The stock has a market capitalization of $15,690.00, a price-to-earnings ratio of 37.37, a PEG ratio of 2.81 and a beta of 1.09.

Mettler-Toledo International (NYSE:MTD) last posted its quarterly earnings data on Thursday, November 2nd. The medical instruments supplier reported $4.36 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $4.32 by $0.04. The business had revenue of $698.80 million during the quarter, compared to the consensus estimate of $685.56 million. Mettler-Toledo International had a return on equity of 96.81% and a net margin of 16.44%. The company’s revenue was up 7.4% compared to the same quarter last year. During the same period in the prior year, the company earned $3.89 earnings per share. research analysts anticipate that Mettler-Toledo International Inc. will post 17.52 EPS for the current fiscal year.

In other news, insider Oliver A. Filliol sold 15,000 shares of the stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $631.51, for a total value of $9,472,650.00. Following the completion of the sale, the insider now directly owns 31,279 shares of the company’s stock, valued at $19,753,001.29. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Richard D. Francis acquired 160 shares of the firm’s stock in a transaction dated Friday, November 17th. The stock was purchased at an average cost of $627.91 per share, with a total value of $100,465.60. Following the completion of the acquisition, the director now directly owns 254 shares of the company’s stock, valued at approximately $159,489.14. The disclosure for this purchase can be found here. Insiders sold 39,969 shares of company stock valued at $25,242,999 over the last three months. Corporate insiders own 5.20% of the company’s stock.

Several hedge funds have recently bought and sold shares of MTD. Koch Industries Inc. raised its stake in shares of Mettler-Toledo International by 96,281.2% during the second quarter. Koch Industries Inc. now owns 696,836 shares of the medical instruments supplier’s stock worth $696,000 after purchasing an additional 696,113 shares during the last quarter. Janus Henderson Group PLC raised its stake in shares of Mettler-Toledo International by 5,926.9% during the second quarter. Janus Henderson Group PLC now owns 202,927 shares of the medical instruments supplier’s stock worth $119,430,000 after purchasing an additional 199,560 shares during the last quarter. Parametric Portfolio Associates LLC raised its stake in shares of Mettler-Toledo International by 253.5% during the second quarter. Parametric Portfolio Associates LLC now owns 201,137 shares of the medical instruments supplier’s stock worth $118,377,000 after purchasing an additional 144,245 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. purchased a new stake in shares of Mettler-Toledo International during the second quarter worth approximately $71,233,000. Finally, BlackRock Inc. raised its stake in shares of Mettler-Toledo International by 6.4% during the second quarter. BlackRock Inc. now owns 1,860,178 shares of the medical instruments supplier’s stock worth $1,094,791,000 after purchasing an additional 112,029 shares during the last quarter. 91.57% of the stock is owned by institutional investors and hedge funds.

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About Mettler-Toledo International

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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