Stifel Nicolaus Increases Mettler-Toledo International (NYSE:MTD) Price Target to $1,510.00

Mettler-Toledo International (NYSE:MTD) had its target price increased by research analysts at Stifel Nicolaus from $1,270.00 to $1,510.00 in a research report issued on Monday, Benzinga reports. The brokerage presently has a “buy” rating on the medical instruments supplier’s stock. Stifel Nicolaus’ target price would indicate a potential upside of 1.02% from the stock’s current price.

Several other analysts also recently weighed in on the company. Evercore ISI upped their price target on Mettler-Toledo International from $1,200.00 to $1,300.00 and gave the stock an “in-line” rating in a research note on Thursday, April 4th. Robert W. Baird upped their price target on Mettler-Toledo International from $1,212.00 to $1,360.00 and gave the stock a “neutral” rating in a research note on Monday. Finally, StockNews.com upgraded Mettler-Toledo International from a “hold” rating to a “buy” rating in a research note on Monday, April 29th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $1,257.14.

Mettler-Toledo International Stock Performance

MTD stock opened at $1,494.76 on Monday. Mettler-Toledo International has a fifty-two week low of $928.49 and a fifty-two week high of $1,514.82. The business’s 50 day moving average price is $1,290.96 and its two-hundred day moving average price is $1,198.68. The company has a market capitalization of $31.97 billion, a price-to-earnings ratio of 41.96, a price-to-earnings-growth ratio of 4.11 and a beta of 1.16.

Mettler-Toledo International (NYSE:MTD) last posted its quarterly earnings results on Thursday, May 9th. The medical instruments supplier reported $8.89 earnings per share for the quarter, topping the consensus estimate of $7.61 by $1.28. The company had revenue of $925.95 million for the quarter, compared to the consensus estimate of $879.72 million. Mettler-Toledo International had a negative return on equity of 662.32% and a net margin of 20.55%. The firm’s quarterly revenue was down .3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $8.69 EPS. Sell-side analysts forecast that Mettler-Toledo International will post 40 earnings per share for the current year.

Insider Activity

In other news, insider Christian Magloth sold 400 shares of the stock in a transaction on Monday, March 4th. The stock was sold at an average price of $1,278.73, for a total transaction of $511,492.00. Following the transaction, the insider now directly owns 734 shares of the company’s stock, valued at approximately $938,587.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, insider Christian Magloth sold 400 shares of the stock in a transaction on Monday, March 4th. The stock was sold at an average price of $1,278.73, for a total transaction of $511,492.00. Following the transaction, the insider now directly owns 734 shares of the company’s stock, valued at approximately $938,587.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Shawn Vadala sold 300 shares of the stock in a transaction 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 transaction, the chief financial officer now directly owns 4,914 shares in the company, valued at $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

Institutional investors have recently bought and sold shares of the stock. Rise Advisors LLC bought a new position in Mettler-Toledo International in the 1st quarter worth $25,000. MV Capital Management Inc. raised its holdings 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 worth $25,000 after purchasing an additional 13 shares during the period. CVA Family Office LLC bought a new position in Mettler-Toledo International in the 4th quarter worth $27,000. Spartan Planning & Wealth Management purchased a new stake in Mettler-Toledo International in the 4th quarter worth $27,000. Finally, Bellevue Group AG purchased a new stake in Mettler-Toledo International in the 4th quarter worth $30,000. 95.07% of the stock is owned by 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.