Mettler-Toledo International (NYSE:MTD) Downgraded by TheStreet

TheStreet lowered shares of Mettler-Toledo International (NYSE:MTDGet Rating) from a b rating to a c+ rating in a research note issued to investors on Thursday, TheStreetRatingsTable reports.

A number of other research firms have also weighed in on MTD. The Goldman Sachs Group cut their price objective on shares of Mettler-Toledo International from $1,280.00 to $1,140.00 and set a sell rating on the stock in a research note on Thursday, July 14th. StockNews.com started coverage on shares of Mettler-Toledo International in a research note on Thursday, March 31st. They issued a buy rating on the stock. Wells Fargo & Company upgraded shares of Mettler-Toledo International from an equal weight rating to an overweight rating and cut their price objective for the stock from $1,600.00 to $1,410.00 in a research note on Monday, April 25th. Finally, UBS Group began coverage on shares of Mettler-Toledo International in a research note on Wednesday, July 20th. They issued a neutral rating and a $1,237.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of Hold and a consensus target price of $1,345.50.

Mettler-Toledo International Trading Up 3.9 %

Shares of Mettler-Toledo International stock opened at $1,349.73 on Thursday. The company has a current ratio of 1.20, a quick ratio of 0.79 and a debt-to-equity ratio of 20.89. Mettler-Toledo International has a 12-month low of $1,082.78 and a 12-month high of $1,714.75. The firm has a market capitalization of $30.69 billion, a price-to-earnings ratio of 39.64, a PEG ratio of 1.83 and a beta of 1.08. The firm’s 50 day simple moving average is $1,206.10 and its two-hundred day simple moving average is $1,313.29.

Mettler-Toledo International (NYSE:MTDGet Rating) last issued its quarterly earnings results on Friday, July 29th. The medical instruments supplier reported $9.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $8.78 by $0.61. Mettler-Toledo International had a net margin of 20.82% and a return on equity of 540.97%. The business had revenue of $978.39 million for the quarter, compared to analyst estimates of $951.81 million. During the same quarter in the prior year, the business posted $8.10 EPS. Mettler-Toledo International’s revenue for the quarter was up 5.8% compared to the same quarter last year. Analysts predict that Mettler-Toledo International will post 38 EPS for the current year.

Insider Buying and Selling at Mettler-Toledo International

In other Mettler-Toledo International news, insider Gerry Keller sold 948 shares of the stock in a transaction on Thursday, May 12th. The shares were sold at an average price of $1,195.60, for a total transaction of $1,133,428.80. Following the transaction, the insider now directly owns 505 shares of the company’s stock, valued at $603,778. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, insider Gerry Keller sold 948 shares of the firm’s stock in a transaction dated Thursday, May 12th. The shares were sold at an average price of $1,195.60, for a total value of $1,133,428.80. Following the transaction, the insider now directly owns 505 shares of the company’s stock, valued at $603,778. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Wah-Hui Chu sold 300 shares of the firm’s stock in a transaction dated Friday, May 13th. The stock was sold at an average price of $1,268.00, for a total transaction of $380,400.00. Following the completion of the transaction, the director now directly owns 3,075 shares in the company, valued at $3,899,100. The disclosure for this sale can be found here. Insiders have sold a total of 38,571 shares of company stock valued at $48,377,720 over the last ninety days. Corporate insiders own 2.80% of the company’s stock.

Institutional Investors Weigh In On Mettler-Toledo International

Hedge funds and other institutional investors have recently bought and sold shares of the company. Blueprint Investment Partners LLC increased its position in Mettler-Toledo International by 30.9% during the fourth quarter. Blueprint Investment Partners LLC now owns 161 shares of the medical instruments supplier’s stock worth $273,000 after purchasing an additional 38 shares during the last quarter. Lombard Odier Asset Management Switzerland SA acquired a new stake in shares of Mettler-Toledo International during the fourth quarter valued at about $796,000. My Legacy Advisors LLC acquired a new stake in shares of Mettler-Toledo International during the first quarter valued at about $247,000. Baird Financial Group Inc. increased its position in shares of Mettler-Toledo International by 1.9% during the fourth quarter. Baird Financial Group Inc. now owns 933 shares of the medical instruments supplier’s stock valued at $1,583,000 after acquiring an additional 17 shares during the last quarter. Finally, Bailard Inc. acquired a new stake in shares of Mettler-Toledo International during the first quarter valued at about $441,000. 93.88% of the stock is currently owned by institutional investors and hedge funds.

About Mettler-Toledo International

(Get Rating)

Mettler-Toledo International Inc engages in the manufacture and supply of precision instruments and services worldwide. It operates in 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, titrators, pH meters, process analytics sensors and analyzer technologies, physical value analyzers, thermal analysis systems, and other analytical instruments; and LabX, a laboratory software platform to manage and analyze data generated from its instruments.

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