Mettler-Toledo International, Inc. (NYSE:MTD – Get Free Report) has been assigned a consensus rating of “Hold” from the sixteen analysts that are presently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and six have given a buy rating to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $1,446.36.
MTD has been the subject of a number of research analyst reports. Stifel Nicolaus upped their target price on shares of Mettler-Toledo International from $1,400.00 to $1,600.00 and gave the stock a “buy” rating in a research note on Monday, August 3rd. Rothschild & Co Redburn began coverage on Mettler-Toledo International in a report on Wednesday, September 2nd. They issued a “sell” rating and a $1,200.00 price target on the stock. Royal Bank Of Canada assumed coverage on shares of Mettler-Toledo International in a research note on Tuesday, September 1st. They set a “sector perform” rating and a $1,515.00 price target for the company. Jefferies Financial Group lifted their price objective on shares of Mettler-Toledo International from $1,400.00 to $1,580.00 and gave the company a “buy” rating in a report on Friday, July 31st. Finally, Barclays boosted their price objective on shares of Mettler-Toledo International from $1,300.00 to $1,575.00 and gave the stock an “overweight” rating in a research report on Monday, August 3rd.
Get Our Latest Stock Analysis on Mettler-Toledo International
Mettler-Toledo International Stock Performance
Mettler-Toledo International (NYSE:MTD – Get 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 the consensus estimate of $10.78 by $0.68. Mettler-Toledo International had a net margin of 21.91% and a negative return on equity of 1,212.14%. The company had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $1.03 billion. During the same quarter in the prior year, the firm earned $10.09 earnings per share. The firm’s revenue was up 4.5% compared to the same quarter last year. On average, analysts expect that Mettler-Toledo International will post 47.35 earnings per share for the current fiscal year.
Insider Buying and Selling at Mettler-Toledo International
In other Mettler-Toledo International news, insider Gerry Keller sold 240 shares of Mettler-Toledo International stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $1,427.14, for a total value of $342,513.60. Following the sale, the insider directly owned 259 shares in the company, valued at approximately $369,629.26. The trade was a 48.10% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Thomas Salice sold 417 shares of the business’s stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $1,440.41, for a total transaction of $600,650.97. Following the sale, the director directly owned 292 shares in the company, valued at $420,599.72. This trade represents a 58.82% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 4,254 shares of company stock valued at $6,092,712 over the last quarter. 0.71% of the stock is currently owned by corporate insiders.
Institutional Investors Weigh In On Mettler-Toledo International
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Whipplewood Advisors LLC bought a new position in shares of Mettler-Toledo International in the first quarter valued at $25,000. Reflection Asset Management bought a new stake in Mettler-Toledo International during the fourth quarter worth $26,000. Edmond DE Rothschild Holding S.A. acquired a new stake in Mettler-Toledo International in the second quarter valued at $26,000. Transamerica Financial Advisors LLC acquired a new stake in Mettler-Toledo International in the second quarter valued at $32,000. Finally, Root Financial Partners LLC grew its position in shares of Mettler-Toledo International by 45.5% in the 1st quarter. Root Financial Partners LLC now owns 32 shares of the medical instruments supplier’s stock valued at $40,000 after acquiring an additional 10 shares during the period. Institutional investors own 95.07% of the company’s stock.
About Mettler-Toledo International
Mettler-Toledo International Inc is a global manufacturer of precision instruments and related services used in laboratory, industrial, food processing, pharmaceutical and retail applications. The company’s solutions help customers measure, analyze, inspect and control materials and products throughout research, manufacturing and distribution processes.
Its product portfolio includes laboratory balances and scales, analytical instruments, automated chemistry systems, titrators, density and refractometry equipment, process analytics, industrial weighing systems, product inspection technologies and retail weighing and labeling solutions.
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