Mettler-Toledo International Inc. (MTD) Receives Average Rating of “Hold” from Brokerages

Shares of Mettler-Toledo International Inc. (NYSE:MTD) have earned a consensus recommendation of “Hold” from the eight brokerages that are currently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $650.67.

A number of analysts recently issued reports on MTD shares. Bank of America downgraded shares of Mettler-Toledo International from a “buy” rating to a “neutral” rating and set a $546.04 price objective for the company. in a report on Thursday, January 3rd. Evercore ISI downgraded shares of Mettler-Toledo International from an “in-line” rating to an “underperform” rating in a report on Thursday, January 3rd. ValuEngine downgraded shares of Mettler-Toledo International from a “buy” rating to a “hold” rating in a report on Friday, January 4th. Finally, Zacks Investment Research downgraded shares of Mettler-Toledo International from a “hold” rating to a “sell” rating in a report on Tuesday, January 15th.

In other news, Director Wah-Hui Chu sold 1,000 shares of Mettler-Toledo International stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $692.50, for a total value of $692,500.00. Following the completion of the transaction, the director now owns 3,854 shares in the company, valued at $2,668,895. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Gerry Keller sold 250 shares of Mettler-Toledo International stock in a transaction dated Monday, February 11th. The stock was sold at an average price of $664.50, for a total transaction of $166,125.00. Following the completion of the transaction, the insider now owns 404 shares of the company’s stock, valued at approximately $268,458. The disclosure for this sale can be found here. Insiders sold 150,995 shares of company stock valued at $100,997,450 in the last quarter. Corporate insiders own 3.50% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the company. Norges Bank bought a new position in shares of Mettler-Toledo International in the fourth quarter valued at approximately $117,351,000. FMR LLC boosted its position in shares of Mettler-Toledo International by 4.8% in the fourth quarter. FMR LLC now owns 2,314,447 shares of the medical instruments supplier’s stock valued at $1,309,005,000 after acquiring an additional 107,049 shares during the period. Barclays PLC boosted its position in shares of Mettler-Toledo International by 214.4% in the fourth quarter. Barclays PLC now owns 139,279 shares of the medical instruments supplier’s stock valued at $78,775,000 after acquiring an additional 94,981 shares during the period. WCM Investment Management LLC boosted its position in shares of Mettler-Toledo International by 5.6% in the fourth quarter. WCM Investment Management LLC now owns 1,497,423 shares of the medical instruments supplier’s stock valued at $846,912,000 after acquiring an additional 79,567 shares during the period. Finally, Clearbridge Investments LLC boosted its position in shares of Mettler-Toledo International by 25.2% in the third quarter. Clearbridge Investments LLC now owns 226,802 shares of the medical instruments supplier’s stock valued at $138,118,000 after acquiring an additional 45,646 shares during the period. Hedge funds and other institutional investors own 95.77% of the company’s stock.

NYSE MTD opened at $753.20 on Friday. Mettler-Toledo International has a 52-week low of $500.74 and a 52-week high of $753.45. The company has a debt-to-equity ratio of 1.67, a current ratio of 1.42 and a quick ratio of 1.06. The stock has a market cap of $18.51 billion, a P/E ratio of 37.07, a P/E/G ratio of 2.61 and a beta of 1.33.

Mettler-Toledo International (NYSE:MTD) last posted its quarterly earnings data on Thursday, February 7th. The medical instruments supplier reported $6.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.74 by $0.11. Mettler-Toledo International had a net margin of 17.46% and a return on equity of 94.57%. The business had revenue of $817.92 million during the quarter, compared to the consensus estimate of $807.58 million. During the same quarter last year, the company posted $5.97 earnings per share. The firm’s quarterly revenue was up 5.1% compared to the same quarter last year. On average, equities research analysts anticipate that Mettler-Toledo International will post 22.67 EPS for the current year.

Mettler-Toledo International Company Profile

Mettler-Toledo International Inc manufactures and supplies precision instruments and services worldwide. The company operates in five segments: U.S. Operations, Swiss Operations, Western European Operations, Chinese Operations, and Other. It offers weighing instruments for laboratory, industrial, packaging, logistics, and food retailing applications; various related analytical instruments and provides automated chemistry solutions used in drug and chemical compound discovery and development; metal detection and other end-of-line product inspection systems used in production and packaging for food processing and packaging, pharmaceutical, packaged consumer goods, and other industries; and solutions that are used in various process analytics applications.

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Analyst Recommendations for Mettler-Toledo International (NYSE:MTD)

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