Mettler-Toledo International (NYSE:MTD) Price Target Cut to $1,650.00 by Analysts at Stifel Nicolaus

Mettler-Toledo International (NYSE:MTDGet Rating) had its price target decreased by Stifel Nicolaus from $1,700.00 to $1,650.00 in a report issued on Monday, The Fly reports.

Several other research firms also recently commented on MTD. Citigroup lifted their target price on shares of Mettler-Toledo International from $1,350.00 to $1,525.00 and gave the stock a neutral rating in a research report on Monday, February 13th. Robert W. Baird cut their target price on shares of Mettler-Toledo International from $1,513.00 to $1,454.00 in a research report on Monday. Bank of America dropped their price target on shares of Mettler-Toledo International from $1,650.00 to $1,525.00 in a research report on Sunday. StockNews.com started coverage on shares of Mettler-Toledo International in a research report on Thursday, March 16th. They issued a buy rating on the stock. Finally, Wells Fargo & Company boosted their price target on shares of Mettler-Toledo International from $1,650.00 to $1,675.00 and gave the stock an overweight rating in a research report on Monday, February 13th. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of Hold and an average price target of $1,469.50.

Mettler-Toledo International Trading Down 2.2 %

MTD opened at $1,393.92 on Monday. The company’s 50 day moving average is $1,495.78 and its 200-day moving average is $1,466.00. The company has a current ratio of 1.28, a quick ratio of 0.86 and a debt-to-equity ratio of 76.98. Mettler-Toledo International has a 1-year low of $1,065.55 and a 1-year high of $1,615.97. The company has a market cap of $30.76 billion, a P/E ratio of 35.40, a PEG ratio of 2.34 and a beta of 1.17.

Mettler-Toledo International (NYSE:MTDGet Rating) last posted its earnings results on Thursday, May 4th. The medical instruments supplier reported $8.69 EPS for the quarter, topping the consensus estimate of $8.61 by $0.08. Mettler-Toledo International had a net margin of 22.45% and a negative return on equity of 4,833.51%. The business had revenue of $928.70 million for the quarter, compared to the consensus estimate of $921.19 million. During the same period last year, the company earned $7.87 EPS. The firm’s revenue was up 3.4% compared to the same quarter last year. Equities research analysts predict that Mettler-Toledo International will post 44 earnings per share for the current fiscal year.

Insider Transactions at Mettler-Toledo International

In other news, Director Wah-Hui Chu sold 300 shares of the company’s stock in a transaction on Thursday, March 2nd. The shares were sold at an average price of $1,450.00, for a total value of $435,000.00. Following the completion of the sale, the director now owns 4,290 shares in the company, valued at approximately $6,220,500. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, Director Wah-Hui Chu sold 300 shares of the business’s stock in a transaction dated Thursday, March 2nd. The shares were sold at an average price of $1,450.00, for a total value of $435,000.00. Following the transaction, the director now directly owns 4,290 shares of the company’s stock, valued at approximately $6,220,500. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Gerry Keller sold 474 shares of the company’s stock in a transaction dated Monday, February 13th. The shares were sold at an average price of $1,540.69, for a total transaction of $730,287.06. Following the sale, the insider now directly owns 449 shares in the company, valued at $691,769.81. The disclosure for this sale can be found here. Insiders sold a total of 18,022 shares of company stock worth $26,391,416 in the last quarter. 2.40% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Mettler-Toledo International

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. increased its position in shares of Mettler-Toledo International by 0.4% during the third quarter. Vanguard Group Inc. now owns 2,543,808 shares of the medical instruments supplier’s stock valued at $2,757,793,000 after buying an additional 9,778 shares during the period. BlackRock Inc. increased its position in shares of Mettler-Toledo International by 2.1% in the third quarter. BlackRock Inc. now owns 2,124,634 shares of the medical instruments supplier’s stock worth $2,303,358,000 after purchasing an additional 42,805 shares during the last quarter. Alliancebernstein L.P. increased its position in shares of Mettler-Toledo International by 15.1% in the fourth quarter. Alliancebernstein L.P. now owns 532,108 shares of the medical instruments supplier’s stock worth $769,136,000 after purchasing an additional 69,852 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Mettler-Toledo International by 1.3% in the fourth quarter. Geode Capital Management LLC now owns 497,285 shares of the medical instruments supplier’s stock worth $717,762,000 after purchasing an additional 6,532 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD increased its position in shares of Mettler-Toledo International by 26.2% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 326,105 shares of the medical instruments supplier’s stock worth $471,369,000 after purchasing an additional 67,758 shares during the last quarter. 91.94% of the stock is currently owned by institutional investors.

Mettler-Toledo International Company Profile

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Mettler-Toledo International, Inc engages in the provision of precision instruments and services. The firm manufactures weighing instruments for use in laboratory, industrial, packaging, logistics, and food retailing applications. It also manufactures several related analytical instruments and provides automated chemistry solutions used in drug and chemical compound discovery and development, metal detection and other end-of-line inspection systems used in production and packaging and provides solutions for use in certain process analytics applications.

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