Mettler-Toledo International Inc. (NYSE:MTD) Receives Average Rating of “Hold” from Analysts

Shares of Mettler-Toledo International Inc. (NYSE:MTD) have been given a consensus recommendation of “Hold” by the nine analysts that are currently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $1,351.25.

A number of equities analysts have commented on MTD shares. Stifel Nicolaus reduced their target price on shares of Mettler-Toledo International from $1,550.00 to $1,450.00 and set a “buy” rating on the stock in a research note on Monday, November 11th. Wolfe Research initiated coverage on shares of Mettler-Toledo International in a research report on Friday, December 13th. They set a “peer perform” rating on the stock. Robert W. Baird decreased their price objective on Mettler-Toledo International from $1,375.00 to $1,310.00 and set a “neutral” rating on the stock in a report on Monday, November 11th. Evercore ISI raised Mettler-Toledo International from an “in-line” rating to an “outperform” rating and raised their target price for the stock from $1,375.00 to $1,450.00 in a research note on Thursday, January 2nd. Finally, Wells Fargo & Company decreased their price target on Mettler-Toledo International from $1,400.00 to $1,350.00 and set an “equal weight” rating on the stock in a research note on Monday, November 11th.

Insider Activity

In related news, Director Elisha W. Finney sold 76 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $1,311.75, for a total value of $99,693.00. Following the sale, the director now owns 240 shares of the company’s stock, valued at approximately $314,820. This represents a 24.05 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Gerry Keller sold 140 shares of Mettler-Toledo International stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $1,254.09, for a total value of $175,572.60. Following the sale, the insider now owns 6 shares of the company’s stock, valued at approximately $7,524.54. This represents a 95.89 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.94% of the company’s stock.

Hedge Funds Weigh In On Mettler-Toledo International

A number of large investors have recently bought and sold shares of the stock. Assenagon Asset Management S.A. raised its holdings in Mettler-Toledo International by 19.8% in the fourth quarter. Assenagon Asset Management S.A. now owns 38,717 shares of the medical instruments supplier’s stock valued at $47,377,000 after buying an additional 6,387 shares during the period. Oak Thistle LLC raised its stake in shares of Mettler-Toledo International by 21.9% in the 4th quarter. Oak Thistle LLC now owns 719 shares of the medical instruments supplier’s stock valued at $880,000 after acquiring an additional 129 shares during the period. Signal Advisors Wealth LLC raised its stake in shares of Mettler-Toledo International by 11.0% in the 4th quarter. Signal Advisors Wealth LLC now owns 503 shares of the medical instruments supplier’s stock valued at $615,000 after acquiring an additional 50 shares during the period. Tealwood Asset Management Inc. acquired a new position in shares of Mettler-Toledo International during the 4th quarter valued at $404,000. Finally, Clean Yield Group boosted its position in Mettler-Toledo International by 7.1% during the 4th quarter. Clean Yield Group now owns 227 shares of the medical instruments supplier’s stock worth $278,000 after purchasing an additional 15 shares during the period. Hedge funds and other institutional investors own 95.07% of the company’s stock.

Mettler-Toledo International Stock Performance

NYSE:MTD opened at $1,270.91 on Wednesday. Mettler-Toledo International has a one year low of $1,133.46 and a one year high of $1,546.93. The stock has a market cap of $26.82 billion, a PE ratio of 34.27, a P/E/G ratio of 4.21 and a beta of 1.12. The stock has a 50 day moving average price of $1,246.46 and a 200 day moving average price of $1,345.43.

Mettler-Toledo International (NYSE:MTD) last issued its earnings results on Thursday, November 7th. The medical instruments supplier reported $10.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $10.00 by $0.21. Mettler-Toledo International had a negative return on equity of 531.78% and a net margin of 21.15%. The business had revenue of $954.54 million during the quarter, compared to the consensus estimate of $941.93 million. As a group, analysts predict that Mettler-Toledo International will post 40.42 earnings per share for the current fiscal year.

Mettler-Toledo International Company Profile

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.