Shares are trading at $682.63 a tad above the 50 day moving average which is $647.61 and a great deal higher than the 200 day moving average of $593.90. The 50 day moving average was up by +5.41% and the 200 day average went up $88.73 or +14.94%. Trading was heavy with 100K shares changing hands in the last trading session. Volume was up 6.42% over the stocks average daily volume.
Short traders are feeling a little more bearish on shares of Mettler-Toledo International, I recently as inferred by the change in short interest. The stock recorded a rise in short interest of 0.67% between September 29, 2017 and October 13, 2017. Short shares increased from 485,652 to 488,929 over that timeframe. Days to cover decreased from 5.0 to 5.0 and the short interest percentage is 0.02% as of October 13.
Mettler-Toledo International, I (NYSE:MTD) has been the object of insider selling activity recently. Director Thomas P. Salice sold 890 shares at an average price of $611.00 on Thu the 7th. Salice now owns $37,660,207 of stock as reported to the SEC. Robert F. Spoerry, Director reported the sale of 5,000 shares of (MTD). The shares were purchased at an average price of $607.00. Spoerry now owns $3,391,309 of the stock according to the SEC filing.
Waldemar Rauch, Head of Process Analytics disclosed the sale of 2,203 shares. The shares were sold on August 28th for an average price of $594.27. The Head of Process Analytics now owns $3,308,895 of the stock per the Form 4 SEC filing.
These funds have shifted positions in (MTD). As of quarter end Edgestream Partners, L.p. had disposed of 983 shares trimming its position 34.8%. The value of the investment in Mettler-Toledo International, I went from $1,663,000 to $1,154,000 a change of 30.6% since the last quarter. Simplex Trading, LLC bolstered its holdings by buying 414 shares an increase of 15.3% as of 09/30/2017. Simplex Trading, LLC claims 3,120 shares worth $1,953,000. The total value of its holdings increased 22.7%.
As of the end of the quarter Affinity Investment Advisors, LLC had sold a total of 555 shares trimming its stake by 14.3%. The value of the total investment in Mettler-Toledo International, I decreased from $2,284,000 to $2,082,000 decreasing 8.8% for the reporting period. As of quarter end Andra Ap-fonden had sold a total of 700 shares trimming its holdings by 8.0%. The value in dollars decreased from $5,120,000 to $5,009,000 a change of $111,000 quarter to quarter.
On July 13, 2017 the stock rating was changed to “Outperform” by Wells Fargo up from the previous “Market Perform” rating. October 6 investment analysts at Morgan Stanley kept the company rating at “Equal-Weight” and raised the price expectation to $535.00 from $333.00.
The most current P/E ratio is 41.98 and the market cap of the company is 17.52B. In the last earnings report the EPS was $16.26 and is estimated to be $17.39 for the current year with 25,668,000 shares outstanding. Next quarter’s EPS is estimated at $5.87 and the next full year EPS is anticipated to be $19.72.
Mettler-Toledo International Inc., launched on December 6, 1991, 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. The Company is also a provider of analytical instruments for use in life science, reaction engineering and real-time analytic systems used in drug and chemical compound development, and process analytics instruments used for in-line measurement in production processes. In addition, the Company is also a supplier of end-of-line inspection systems used in production and packaging for food, pharmaceutical and other industries. The Company serves food and beverage producers; food retailers; chemical, specialty chemicals and cosmetics companies, and the transportation and logistics industry, among others..