Mettler-Toledo International Inc. (NYSE:MTD) Given Consensus Rating of “Hold” by Analysts

Mettler-Toledo International Inc. (NYSE:MTD) has been given an average recommendation of “Hold” by the six ratings firms that are currently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $1,191.57.

Several research analysts have recently issued reports on the company. Evercore ISI upped their price objective on Mettler-Toledo International from $1,200.00 to $1,300.00 and gave the stock an “in-line” rating in a research report on Thursday, April 4th. StockNews.com raised shares of Mettler-Toledo International from a “hold” rating to a “buy” rating in a report on Monday, April 29th.

Mettler-Toledo International Trading Up 3.0 %

Shares of NYSE MTD opened at $1,290.42 on Friday. The company has a 50-day moving average of $1,282.67 and a 200 day moving average of $1,188.88. The stock has a market cap of $27.60 billion, a PE ratio of 35.95, a P/E/G ratio of 3.42 and a beta of 1.16. Mettler-Toledo International has a 12-month low of $928.49 and a 12-month high of $1,411.61.

Mettler-Toledo International (NYSE:MTD) last announced its quarterly earnings results on Thursday, May 9th. The medical instruments supplier reported $8.89 EPS for the quarter, beating the consensus estimate of $7.63 by $1.26. The business had revenue of $925.95 million for the quarter, compared to analyst estimates of $879.72 million. Mettler-Toledo International had a negative return on equity of 904.59% and a net margin of 20.82%. The company’s quarterly revenue was down .3% on a year-over-year basis. During the same quarter in the prior year, the company posted $8.69 EPS. On average, sell-side analysts forecast that Mettler-Toledo International will post 39.9 EPS for the current fiscal year.

Insider Activity at Mettler-Toledo International

In other Mettler-Toledo International news, CFO Shawn Vadala sold 300 shares of the business’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $1,210.83, for a total transaction of $363,249.00. Following the completion of the transaction, the chief financial officer now owns 4,914 shares in the company, valued at approximately $5,950,018.62. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CFO Shawn Vadala sold 300 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $1,210.83, for a total value of $363,249.00. Following the sale, the chief financial officer now directly owns 4,914 shares in the company, valued at approximately $5,950,018.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Christian Magloth sold 400 shares of the company’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $1,278.73, for a total transaction of $511,492.00. Following the sale, the insider now directly owns 734 shares of the company’s stock, valued at $938,587.82. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 951 shares of company stock valued at $1,170,256. Corporate insiders own 1.94% of the company’s stock.

Institutional Trading of Mettler-Toledo International

Several institutional investors have recently made changes to their positions in MTD. Bank of New York Mellon Corp boosted its holdings in shares of Mettler-Toledo International by 169.4% during the 1st quarter. Bank of New York Mellon Corp now owns 573,702 shares of the medical instruments supplier’s stock worth $763,764,000 after buying an additional 360,786 shares during the period. Norges Bank bought a new position in Mettler-Toledo International during the fourth quarter worth $320,847,000. Principal Financial Group Inc. boosted its holdings in Mettler-Toledo International by 65.4% in the 4th quarter. Principal Financial Group Inc. now owns 241,219 shares of the medical instruments supplier’s stock valued at $292,589,000 after purchasing an additional 95,421 shares during the period. International Assets Investment Management LLC lifted its stake in shares of 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 valued at $82,392,000 after buying an additional 67,864 shares during the period. Finally, Corient Private Wealth LLC lifted its position in shares of Mettler-Toledo International by 854.0% in the 4th quarter. Corient Private Wealth LLC now owns 74,707 shares of the medical instruments supplier’s stock worth $90,617,000 after acquiring an additional 66,876 shares during the period. 95.07% of the stock is currently owned by institutional investors and hedge funds.

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.