Mettler-Toledo International (NYSE:MTD) Price Target Lowered to $1,500.00 at Barclays

Mettler-Toledo International (NYSE:MTD) had its target price cut by Barclays from $1,550.00 to $1,500.00 in a research report sent to investors on Tuesday,Benzinga reports. They currently have an overweight rating on the medical instruments supplier’s stock.

MTD has been the subject of several other reports. Wells Fargo & Company upped their price objective on Mettler-Toledo International from $1,400.00 to $1,450.00 and gave the stock an “equal weight” rating in a research report on Monday, December 15th. Wall Street Zen raised Mettler-Toledo International from a “hold” rating to a “buy” rating in a report on Saturday, February 14th. Morgan Stanley reduced their target price on Mettler-Toledo International from $1,550.00 to $1,475.00 and set an “equal weight” rating for the company in a report on Tuesday, February 10th. Bank of America raised Mettler-Toledo International from a “neutral” rating to a “buy” rating and set a $1,600.00 target price for the company in a report on Monday, December 15th. Finally, Jefferies Financial Group raised Mettler-Toledo International from a “hold” rating to a “buy” rating and boosted their target price for the company from $1,400.00 to $1,450.00 in a report on Friday, March 20th. Seven analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $1,459.58.

Mettler-Toledo International Stock Performance

NYSE:MTD opened at $1,342.04 on Tuesday. The stock has a 50-day simple moving average of $1,300.34 and a 200-day simple moving average of $1,367.84. The stock has a market cap of $27.18 billion, a P/E ratio of 31.86, a P/E/G ratio of 2.82 and a beta of 1.43. Mettler-Toledo International has a 1 year low of $962.54 and a 1 year high of $1,525.17.

Mettler-Toledo International (NYSE:MTD) last released its quarterly earnings data on Friday, February 6th. The medical instruments supplier reported $13.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $12.76 by $0.60. The business had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.10 billion. Mettler-Toledo International had a negative return on equity of 495.07% and a net margin of 21.59%.The business’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $12.41 EPS. On average, equities research analysts predict that Mettler-Toledo International will post 42.71 EPS for the current year.

Insider Buying and Selling

In other Mettler-Toledo International news, CFO Shawn Vadala sold 800 shares of the company’s stock in a transaction that occurred on Tuesday, February 10th. The stock was sold at an average price of $1,410.12, for a total transaction of $1,128,096.00. Following the completion of the sale, the chief financial officer directly owned 5,288 shares of the company’s stock, valued at $7,456,714.56. This represents a 13.14% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.71% of the stock is currently owned by corporate insiders.

Institutional Trading of Mettler-Toledo International

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Hsbc Holdings PLC raised its stake in Mettler-Toledo International by 9.6% during the 4th quarter. Hsbc Holdings PLC now owns 75,775 shares of the medical instruments supplier’s stock valued at $105,595,000 after acquiring an additional 6,626 shares during the last quarter. World Investment Advisors raised its stake in Mettler-Toledo International by 1.9% during the 4th quarter. World Investment Advisors now owns 2,805 shares of the medical instruments supplier’s stock valued at $3,911,000 after acquiring an additional 53 shares during the last quarter. AG Campbell Advisory LLC purchased a new stake in Mettler-Toledo International during the 4th quarter valued at approximately $1,436,000. Pure Financial Advisors LLC purchased a new stake in Mettler-Toledo International during the 4th quarter valued at approximately $228,000. Finally, Rehmann Capital Advisory Group purchased a new stake in Mettler-Toledo International during the 4th quarter valued at approximately $227,000. 95.07% of the stock is owned by hedge funds and other institutional investors.

About Mettler-Toledo International

Mettler-Toledo International Inc is a global manufacturer and distributor of precision instruments and services for laboratory, industrial and food retail applications. The company’s product portfolio includes laboratory balances and analytical instruments, industrial weighing systems, process analytics and sensors, metal detection and x-ray inspection equipment, checkweighers, and a range of automated inspection and data-management solutions. Mettler-Toledo also provides software, calibration and lifecycle services intended to support compliance, quality control and operational efficiency across customer facilities.

The company serves a broad set of end markets including pharmaceutical and biotech laboratories, chemical and food processors, logistics and manufacturing operations, and retail environments where accurate weighing and inspection are critical.