Mettler-Toledo International (NYSE:MTD) Given New $1,450.00 Price Target at Evercore ISI

Mettler-Toledo International (NYSE:MTD) had its price objective increased by Evercore ISI from $1,375.00 to $1,450.00 in a report released on Tuesday morning, Benzinga reports. Evercore ISI currently has an in-line rating on the medical instruments supplier’s stock.

MTD has been the topic of a number of other research reports. The Goldman Sachs Group boosted their price objective on shares of Mettler-Toledo International from $1,150.00 to $1,300.00 and gave the company a neutral rating in a research report on Tuesday, July 9th. JPMorgan Chase & Co. upped their price target on shares of Mettler-Toledo International from $1,300.00 to $1,400.00 and gave the company a neutral rating in a report on Monday, August 5th. Stifel Nicolaus raised their price objective on shares of Mettler-Toledo International from $1,510.00 to $1,550.00 and gave the stock a buy rating in a research note on Monday, August 5th. Jefferies Financial Group reaffirmed an underperform rating and set a $1,250.00 target price (up previously from $1,230.00) on shares of Mettler-Toledo International in a research note on Monday, June 3rd. Finally, Wells Fargo & Company assumed coverage on Mettler-Toledo International in a report on Tuesday, August 27th. They issued an equal weight rating and a $1,400.00 price target on the stock. Two analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of Hold and an average price target of $1,363.75.

Mettler-Toledo International Trading Down 1.5 %

Shares of NYSE:MTD opened at $1,477.12 on Tuesday. The company has a market cap of $31.55 billion, a price-to-earnings ratio of 41.42, a PEG ratio of 3.75 and a beta of 1.14. Mettler-Toledo International has a 12 month low of $928.49 and a 12 month high of $1,546.93. The company has a 50-day moving average price of $1,421.87 and a 200 day moving average price of $1,383.46.

Mettler-Toledo International (NYSE:MTD) last posted its quarterly earnings data 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 business had revenue of $946.75 million during the quarter, compared to analyst estimates of $929.13 million. Mettler-Toledo International had a negative return on equity of 575.61% and a net margin of 20.95%. The company’s revenue for the quarter was down 3.6% on a year-over-year basis. During the same period last year, the company earned $10.19 EPS. As a group, equities analysts forecast that Mettler-Toledo International will post 40.35 EPS for the current year.

Insider Buying and Selling at Mettler-Toledo International

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Rise Advisors LLC bought a new stake in Mettler-Toledo International during the first quarter valued at about $25,000. Family Firm Inc. bought a new stake in shares of Mettler-Toledo International in the 2nd quarter valued at about $25,000. Spartan Planning & Wealth Management bought a new position in shares of Mettler-Toledo International during the 4th quarter worth approximately $27,000. Bellevue Group AG purchased a new stake in Mettler-Toledo International during the fourth quarter valued at approximately $30,000. Finally, Mather Group LLC. purchased a new stake in Mettler-Toledo International during the first quarter valued at approximately $32,000. 95.07% of the stock is currently owned by hedge funds and other institutional investors.

About Mettler-Toledo International

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.