Mettler-Toledo International (NYSE:MTD) PT Raised to $1,360.00

Mettler-Toledo International (NYSE:MTDGet Free Report) had its target price raised by analysts at Robert W. Baird from $1,212.00 to $1,360.00 in a research note issued to investors on Monday, Benzinga reports. The firm presently has a “neutral” rating on the medical instruments supplier’s stock. Robert W. Baird’s price target suggests a potential downside of 9.02% from the company’s current price.

Other research analysts have also recently issued reports about the company. Evercore ISI boosted their target price on Mettler-Toledo International from $1,200.00 to $1,300.00 and gave the stock an “in-line” rating in a report on Thursday, April 4th. upgraded Mettler-Toledo International from a “hold” rating to a “buy” rating in a report on Monday, April 29th. One analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $1,257.14.

Check Out Our Latest Research Report on MTD

Mettler-Toledo International Price Performance

Shares of MTD stock opened at $1,494.76 on Monday. Mettler-Toledo International has a 1-year low of $928.49 and a 1-year high of $1,514.82. The company has a market cap of $31.97 billion, a price-to-earnings ratio of 41.96, a PEG ratio of 4.11 and a beta of 1.16. The stock has a 50 day simple moving average of $1,290.96 and a 200-day simple moving average of $1,198.68.

Mettler-Toledo International (NYSE:MTDGet Free Report) last released its earnings results on Thursday, May 9th. The medical instruments supplier reported $8.89 EPS for the quarter, topping analysts’ consensus estimates of $7.61 by $1.28. The business had revenue of $925.95 million during the quarter, compared to analysts’ expectations of $879.72 million. Mettler-Toledo International had a net margin of 20.55% and a negative return on equity of 662.32%. The company’s quarterly revenue was down .3% on a year-over-year basis. During the same quarter in the previous year, the company earned $8.69 earnings per share. Analysts anticipate that Mettler-Toledo International will post 40 earnings per share for the current fiscal year.

Insider Buying and Selling at Mettler-Toledo International

In other Mettler-Toledo International news, CFO Shawn Vadala sold 300 shares of the firm’s stock in a transaction on Friday, February 23rd. The stock was 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 $5,950,018.62. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, insider Christian Magloth sold 400 shares of Mettler-Toledo International stock in a transaction on 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 in the company, valued at approximately $938,587.82. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Shawn Vadala sold 300 shares of the company’s stock in a transaction on Friday, February 23rd. The shares were 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 of the company’s stock, valued at approximately $5,950,018.62. The disclosure for this sale can be found here. Insiders own 1.94% of the company’s stock.

Hedge Funds Weigh In On Mettler-Toledo International

Hedge funds have recently modified their holdings of the business. Rise Advisors LLC acquired a new stake in Mettler-Toledo International during the 1st quarter worth approximately $25,000. MV Capital Management Inc. grew its position in Mettler-Toledo International by 162.5% in the 4th quarter. MV Capital Management Inc. now owns 21 shares of the medical instruments supplier’s stock valued at $25,000 after buying an additional 13 shares during the last quarter. CVA Family Office LLC acquired a new position in Mettler-Toledo International in the 4th quarter valued at $27,000. Spartan Planning & Wealth Management purchased a new position in Mettler-Toledo International during the 4th quarter worth $27,000. Finally, Bellevue Group AG acquired a new stake in shares of Mettler-Toledo International in the 4th quarter worth $30,000. 95.07% of the stock is currently owned by hedge funds and other institutional investors.

About Mettler-Toledo International

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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.

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