Mettler-Toledo International, Inc. (NYSE:MTD) Receives $1,461.27 Average PT from Brokerages

Shares of Mettler-Toledo International, Inc. (NYSE:MTDGet Free Report) have been assigned an average rating of “Hold” from the thirteen ratings firms that are currently covering the stock, MarketBeat reports. Seven equities research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $1,461.2727.

A number of brokerages recently weighed in on MTD. Weiss Ratings raised shares of Mettler-Toledo International from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, August 4th. Wall Street Zen lowered Mettler-Toledo International from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. Morgan Stanley raised their price objective on shares of Mettler-Toledo International from $1,275.00 to $1,450.00 and gave the company an “equal weight” rating in a research report on Tuesday, August 4th. Wolfe Research initiated coverage on Mettler-Toledo International in a research note on Tuesday, June 2nd. They set a “peer perform” rating for the company. Finally, JPMorgan Chase & Co. cut their price target on shares of Mettler-Toledo International from $1,413.00 to $1,200.00 and set a “neutral” rating for the company in a research note on Monday, May 11th.

Check Out Our Latest Stock Report on MTD

Mettler-Toledo International Price Performance

Shares of NYSE:MTD opened at $1,417.73 on Thursday. Mettler-Toledo International has a 1-year low of $1,023.05 and a 1-year high of $1,525.17. The stock has a market cap of $28.41 billion, a PE ratio of 31.91, a price-to-earnings-growth ratio of 2.92 and a beta of 1.23. The stock’s fifty day simple moving average is $1,298.78 and its two-hundred day simple moving average is $1,273.11. The company has a current ratio of 1.12, a quick ratio of 0.78 and a debt-to-equity ratio of 159.45.

Mettler-Toledo International (NYSE:MTDGet Free Report) last issued its quarterly earnings data on Friday, July 31st. The medical instruments supplier reported $11.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $10.78 by $0.68. The business had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $1.03 billion. Mettler-Toledo International had a net margin of 21.91% and a negative return on equity of 1,212.14%. The firm’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $10.09 EPS. As a group, analysts forecast that Mettler-Toledo International will post 47.35 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CFO Shawn Vadala sold 2,240 shares of the firm’s stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $1,432.00, for a total transaction of $3,207,680.00. Following the transaction, the chief financial officer directly owned 5,579 shares of the company’s stock, valued at approximately $7,989,128. This trade represents a 28.65% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Gerry Keller sold 240 shares of the firm’s stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $1,427.14, for a total value of $342,513.60. Following the transaction, the insider owned 259 shares in the company, valued at approximately $369,629.26. The trade was a 48.10% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 3,312 shares of company stock valued at $4,750,362 over the last quarter. 0.71% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Mettler-Toledo International

Large investors have recently added to or reduced their stakes in the company. Evergreen Capital Management LLC grew its stake in shares of Mettler-Toledo International by 4.5% in the fourth quarter. Evergreen Capital Management LLC now owns 184 shares of the medical instruments supplier’s stock worth $257,000 after purchasing an additional 8 shares during the last quarter. Meridian Wealth Management LLC boosted its position in shares of Mettler-Toledo International by 1.7% during the fourth quarter. Meridian Wealth Management LLC now owns 488 shares of the medical instruments supplier’s stock valued at $680,000 after purchasing an additional 8 shares in the last quarter. EverSource Wealth Advisors LLC grew its position in shares of Mettler-Toledo International by 2.7% in the 4th quarter. EverSource Wealth Advisors LLC now owns 302 shares of the medical instruments supplier’s stock worth $421,000 after buying an additional 8 shares during the period. Values First Advisors Inc. grew its holdings in Mettler-Toledo International by 1.3% in the first quarter. Values First Advisors Inc. now owns 625 shares of the medical instruments supplier’s stock worth $789,000 after purchasing an additional 8 shares during the period. Finally, Torray Investment Partners LLC grew its stake in shares of Mettler-Toledo International by 0.5% in the 1st quarter. Torray Investment Partners LLC now owns 1,677 shares of the medical instruments supplier’s stock worth $2,115,000 after buying an additional 8 shares during the last quarter. Institutional investors own 95.07% of the company’s stock.

Mettler-Toledo International Company Profile

(Get Free Report)

Mettler-Toledo International Inc is a global manufacturer and distributor of precision instruments and services for laboratory, industrial and food retail applications. The company’s product portfolio includes laboratory balances and analytical instruments, industrial weighing systems, process analytics and sensors, metal detection and x-ray inspection equipment, checkweighers, and a range of automated inspection and data-management solutions. Mettler-Toledo also provides software, calibration and lifecycle services intended to support compliance, quality control and operational efficiency across customer facilities.

The company serves a broad set of end markets including pharmaceutical and biotech laboratories, chemical and food processors, logistics and manufacturing operations, and retail environments where accurate weighing and inspection are critical.

See Also

Analyst Recommendations for Mettler-Toledo International (NYSE:MTD)

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