Mettler-Toledo International Inc. (NYSE:MTD) was the target of a significant growth in short interest in the month of July. As of July 31st, there was short interest totalling 1,082,800 shares, a growth of 12.8% from the June 30th total of 959,700 shares. Currently, 4.5% of the shares of the stock are short sold. Based on an average daily volume of 191,400 shares, the days-to-cover ratio is presently 5.7 days.
In related news, insider Oliver A. Filliol sold 34,000 shares of the company’s stock in a transaction dated Wednesday, May 22nd. The shares were sold at an average price of $724.47, for a total value of $24,631,980.00. Following the completion of the sale, the insider now owns 29,632 shares of the company’s stock, valued at $21,467,495.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robert F. Spoerry sold 2,000 shares of the company’s stock in a transaction dated Tuesday, May 28th. The stock was sold at an average price of $740.00, for a total transaction of $1,480,000.00. Following the completion of the sale, the director now directly owns 7,894 shares of the company’s stock, valued at approximately $5,841,560. The disclosure for this sale can be found here. Insiders sold 43,325 shares of company stock valued at $31,566,228 in the last ninety days. Corporate insiders own 3.50% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Meiji Yasuda Asset Management Co Ltd. acquired a new stake in Mettler-Toledo International during the 1st quarter worth about $253,000. Marshall Wace LLP increased its holdings in shares of Mettler-Toledo International by 21,807.4% in the 1st quarter. Marshall Wace LLP now owns 14,897 shares of the medical instruments supplier’s stock valued at $10,771,000 after purchasing an additional 14,829 shares during the period. Gulf International Bank UK Ltd increased its holdings in shares of Mettler-Toledo International by 11.3% in the 1st quarter. Gulf International Bank UK Ltd now owns 6,337 shares of the medical instruments supplier’s stock valued at $4,581,000 after purchasing an additional 641 shares during the period. Tiemann Investment Advisors LLC acquired a new position in shares of Mettler-Toledo International in the 1st quarter valued at about $217,000. Finally, Northeast Financial Consultants Inc acquired a new position in shares of Mettler-Toledo International in the 1st quarter valued at about $1,797,000. Hedge funds and other institutional investors own 96.46% of the company’s stock.
Several equities research analysts have commented on MTD shares. ValuEngine cut shares of Mettler-Toledo International from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Zacks Investment Research cut shares of Mettler-Toledo International from a “buy” rating to a “hold” rating and set a $811.00 price target on the stock. in a research report on Friday, June 7th. Wolfe Research started coverage on shares of Mettler-Toledo International in a research report on Thursday, May 30th. They issued a “peer perform” rating on the stock. Finally, Barclays cut shares of Mettler-Toledo International from an “equal weight” rating to an “underweight” rating and set a $680.00 price target on the stock. in a research report on Monday, July 15th. Two investment analysts have rated the stock with a sell rating and five have given a hold rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $688.60.
Shares of Mettler-Toledo International stock opened at $660.39 on Friday. The company has a current ratio of 1.39, a quick ratio of 0.98 and a debt-to-equity ratio of 2.16. The company’s 50-day moving average price is $789.12 and its two-hundred day moving average price is $740.10. Mettler-Toledo International has a 52 week low of $500.74 and a 52 week high of $873.51. The stock has a market cap of $16.78 billion, a PE ratio of 32.50, a price-to-earnings-growth ratio of 2.19 and a beta of 1.33.
Mettler-Toledo International (NYSE:MTD) last issued its quarterly earnings results on Thursday, August 1st. The medical instruments supplier reported $5.16 EPS for the quarter, topping the consensus estimate of $5.09 by $0.07. The firm had revenue of $731.00 million for the quarter, compared to analysts’ expectations of $736.23 million. Mettler-Toledo International had a net margin of 18.45% and a return on equity of 98.65%. Mettler-Toledo International’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same period in the previous year, the business earned $4.65 earnings per share. On average, equities analysts predict that Mettler-Toledo International will post 22.71 EPS for the current fiscal year.
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; various related analytical instruments and provides automated chemistry solutions used in drug and chemical compound discovery and development; metal detection and other end-of-line product inspection systems used in production and packaging for food processing and packaging, pharmaceutical, packaged consumer goods, and other industries; and solutions that are used in various process analytics applications.
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