Mettler-Toledo International Inc. (NYSE:MTD) Receives $1,343.75 Average PT from Brokerages

Mettler-Toledo International Inc. (NYSE:MTD) has received an average recommendation of “Hold” from the eight research firms that are currently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating on the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $1,343.75.

Several research analysts have issued reports on MTD shares. Evercore ISI upped their price target on Mettler-Toledo International from $1,375.00 to $1,390.00 and gave the company an “in-line” rating in a report on Tuesday, July 2nd. Jefferies Financial Group reissued an “underperform” rating and set a $1,250.00 target price (up from $1,230.00) on shares of Mettler-Toledo International in a research note on Monday, June 3rd. Robert W. Baird boosted their target price on shares of Mettler-Toledo International from $1,212.00 to $1,360.00 and gave the company a “neutral” rating in a research note on Monday, May 13th. JPMorgan Chase & Co. boosted their target price on shares of Mettler-Toledo International from $1,300.00 to $1,400.00 and gave the company a “neutral” rating in a research note on Monday, August 5th. Finally, Stifel Nicolaus boosted their target price on shares of Mettler-Toledo International from $1,510.00 to $1,550.00 and gave the company a “buy” rating in a research note on Monday, August 5th.

Insider Activity

In other news, insider Christian Magloth sold 1,000 shares of the business’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $1,422.97, for a total transaction of $1,422,970.00. Following the transaction, the insider now directly owns 734 shares in the company, valued at approximately $1,044,459.98. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, CFO Shawn Vadala sold 250 shares of the company’s stock in a transaction on Wednesday, August 7th. The shares were sold at an average price of $1,401.00, for a total value of $350,250.00. Following the completion of the sale, the chief financial officer now directly owns 4,914 shares in the company, valued at $6,884,514. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Christian Magloth sold 1,000 shares of the company’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $1,422.97, for a total transaction of $1,422,970.00. Following the completion of the sale, the insider now owns 734 shares of the company’s stock, valued at $1,044,459.98. The disclosure for this sale can be found here. 1.94% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Mettler-Toledo International

A number of large investors have recently bought and sold shares of MTD. International Assets Investment Management LLC boosted its holdings in Mettler-Toledo International by 109,458.1% in the fourth quarter. International Assets Investment Management LLC now owns 67,926 shares of the medical instruments supplier’s stock worth $82,392,000 after purchasing an additional 67,864 shares in the last quarter. Cerity Partners LLC boosted its holdings in Mettler-Toledo International by 52.3% during the fourth quarter. Cerity Partners LLC now owns 1,690 shares of the medical instruments supplier’s stock valued at $2,050,000 after acquiring an additional 580 shares during the period. Louisiana State Employees Retirement System bought a new stake in Mettler-Toledo International during the fourth quarter valued at about $1,577,000. Daiwa Securities Group Inc. boosted its holdings in Mettler-Toledo International by 3.4% during the fourth quarter. Daiwa Securities Group Inc. now owns 1,963 shares of the medical instruments supplier’s stock valued at $2,381,000 after acquiring an additional 64 shares during the period. Finally, Greenleaf Trust boosted its holdings in Mettler-Toledo International by 15.1% during the fourth quarter. Greenleaf Trust now owns 838 shares of the medical instruments supplier’s stock valued at $1,016,000 after acquiring an additional 110 shares during the period. 95.07% of the stock is currently owned by institutional investors.

Mettler-Toledo International Stock Performance

NYSE MTD opened at $1,430.93 on Friday. The stock has a market capitalization of $30.56 billion, a P/E ratio of 40.13, a P/E/G ratio of 4.06 and a beta of 1.17. Mettler-Toledo International has a 1 year low of $928.49 and a 1 year high of $1,546.93. The business’s fifty day moving average is $1,406.90 and its two-hundred day moving average is $1,345.05.

Mettler-Toledo International (NYSE:MTD) last posted its quarterly earnings results on Thursday, August 1st. The medical instruments supplier reported $9.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $9.00 by $0.65. The company had revenue of $946.75 million for the quarter, compared to analysts’ expectations of $929.13 million. Mettler-Toledo International had a negative return on equity of 590.80% and a net margin of 20.95%. The firm’s revenue was down 3.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $10.19 earnings per share. On average, research analysts forecast that Mettler-Toledo International will post 40.13 earnings per share for the current 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.Its industrial instruments comprise industrial weighing instruments and related terminals, automatic dimensional measurement and data capture solutions, vehicle scale systems, industrial software, metal detection equipment, x-ray systems, check weighing equipment, camera-based imaging equipment, track-and-trace solutions, and product inspection systems.