Mettler-Toledo International (NYSE:MTD) Trading Down 3.5%

Mettler-Toledo International Inc. (NYSE:MTD)’s stock price traded down 3.5% during mid-day trading on Friday . The stock traded as low as $1,385.82 and last traded at $1,392.17. 18,982 shares traded hands during mid-day trading, a decline of 86% from the average session volume of 134,206 shares. The stock had previously closed at $1,443.03.

Wall Street Analyst Weigh In

MTD has been the topic of a number of recent research reports. Wells Fargo & Company assumed coverage on Mettler-Toledo International in a report on Tuesday, August 27th. They issued an “equal weight” rating and a $1,400.00 target price on the stock. StockNews.com raised shares of Mettler-Toledo International from a “hold” rating to a “buy” rating in a research report on Thursday, July 11th. Evercore ISI lifted their target price on shares of Mettler-Toledo International from $1,375.00 to $1,390.00 and gave the stock an “in-line” rating in a research report on Tuesday, July 2nd. The Goldman Sachs Group increased their price target on Mettler-Toledo International from $1,150.00 to $1,300.00 and gave the company a “neutral” rating in a research report on Tuesday, July 9th. Finally, Stifel Nicolaus upped their price objective on Mettler-Toledo International from $1,510.00 to $1,550.00 and gave the company a “buy” rating in a research note on Monday, August 5th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, Mettler-Toledo International has an average rating of “Hold” and a consensus target price of $1,356.25.

Mettler-Toledo International Stock Down 3.8 %

The stock has a market cap of $29.66 billion, a PE ratio of 40.47, a P/E/G ratio of 3.70 and a beta of 1.14. The company has a fifty day moving average price of $1,407.70 and a 200 day moving average price of $1,374.32.

Mettler-Toledo International (NYSE:MTD) last issued its quarterly earnings data on Thursday, August 1st. The medical instruments supplier reported $9.65 EPS for the quarter, beating the consensus estimate of $9.00 by $0.65. The firm had revenue of $946.75 million during the quarter, compared to the consensus estimate of $929.13 million. Mettler-Toledo International had a net margin of 20.95% and a negative return on equity of 575.61%. The company’s quarterly revenue was down 3.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $10.19 earnings per share. As a group, research analysts predict that Mettler-Toledo International Inc. will post 40.35 earnings per share for the current year.

Insider Activity at Mettler-Toledo International

In related news, CFO Shawn Vadala sold 250 shares of Mettler-Toledo International stock in a transaction on Wednesday, August 7th. The shares were sold at an average price of $1,401.00, for a total value of $350,250.00. Following the sale, the chief financial officer now owns 4,914 shares in the company, valued at $6,884,514. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Mettler-Toledo International news, CFO Shawn Vadala sold 250 shares of the stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $1,401.00, for a total value of $350,250.00. Following the completion of the transaction, the chief financial officer now owns 4,914 shares in the company, valued at $6,884,514. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Christian Magloth sold 1,000 shares of the business’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $1,422.97, for a total transaction of $1,422,970.00. Following the sale, the insider now owns 734 shares in the company, valued at approximately $1,044,459.98. The disclosure for this sale can be found here. 1.94% of the stock is owned by corporate insiders.

Institutional Trading of Mettler-Toledo International

Hedge funds have recently made changes to their positions in the stock. Sanctuary Advisors LLC purchased a new stake in Mettler-Toledo International during the 2nd quarter valued at about $500,000. Ecofi Investissements SA bought a new position in Mettler-Toledo International in the 2nd quarter valued at approximately $6,499,000. Quarry LP boosted its stake in Mettler-Toledo International by 169.2% during the 2nd quarter. Quarry LP now owns 70 shares of the medical instruments supplier’s stock valued at $98,000 after purchasing an additional 44 shares during the last quarter. Creative Planning raised its stake in shares of Mettler-Toledo International by 12.8% in the second quarter. Creative Planning now owns 2,698 shares of the medical instruments supplier’s stock worth $3,771,000 after purchasing an additional 306 shares during the last quarter. Finally, Ascent Group LLC bought a new position in shares of Mettler-Toledo International during the second quarter valued at $233,000. 95.07% of the stock is owned by institutional investors.

About Mettler-Toledo International

Mettler-Toledo International Inc manufactures and supplies precision instruments and services in the Americas, Europe, Asia, and internationally. It operates through five segments: U.S. Operations, Swiss Operations, Western European Operations, Chinese Operations, and Other. The company's laboratory instruments include laboratory balances, liquid pipetting solutions, automated laboratory reactors, real-time analytics, titrators, pH meters, process analytics sensors and analyzer technologies, physical value analyzers, density and refractometry, thermal analysis systems, and other analytical instruments; and LabX, a laboratory software platform to manage and analyze data generated from its instruments.Its industrial instruments comprise industrial weighing instruments and related terminals, automatic dimensional measurement and data capture solutions, vehicle scale systems, industrial software, metal detection equipment, x-ray systems, check weighing equipment, camera-based imaging equipment, track-and-trace solutions, and product inspection systems.