Mettler-Toledo International Inc. (NYSE:MTD) Receives $1,256.25 Average PT from Analysts

Shares of Mettler-Toledo International Inc. (NYSE:MTD) have earned an average rating of “Hold” from the eight research firms that are presently covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $1,256.25.

Several analysts recently commented on the stock. Stifel Nicolaus raised their price target on shares of Mettler-Toledo International from $1,270.00 to $1,510.00 and gave the stock a “buy” rating in a report on Monday, May 13th. Jefferies Financial Group restated an “underperform” rating and set a $1,250.00 price target (up from $1,230.00) on shares of Mettler-Toledo International in a report on Monday, June 3rd. Evercore ISI raised their price target on shares of 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. Robert W. Baird raised their price target on shares of Mettler-Toledo International from $1,212.00 to $1,360.00 and gave the stock a “neutral” rating in a report on Monday, May 13th. Finally, StockNews.com upgraded shares of Mettler-Toledo International from a “hold” rating to a “buy” rating in a report on Monday, April 29th.

Mettler-Toledo International Price Performance

Shares of MTD opened at $1,443.83 on Tuesday. Mettler-Toledo International has a one year low of $928.49 and a one year high of $1,535.86. The company has a 50-day moving average of $1,350.51 and a two-hundred day moving average of $1,259.94. The stock has a market cap of $30.84 billion, a price-to-earnings ratio of 40.49, a PEG ratio of 3.86 and a beta of 1.20.

Mettler-Toledo International (NYSE:MTD) last announced its earnings results on Thursday, May 9th. The medical instruments supplier reported $8.89 EPS for the quarter, topping the consensus estimate of $7.61 by $1.28. Mettler-Toledo International had a net margin of 20.55% and a negative return on equity of 662.32%. The company had revenue of $925.95 million during the quarter, compared to analysts’ expectations of $879.72 million. During the same period last year, the company posted $8.69 earnings per share. The business’s revenue for the quarter was down .3% on a year-over-year basis. Analysts anticipate that Mettler-Toledo International will post 40.11 earnings per share for the current year.

Insider Activity at Mettler-Toledo International

In related news, CFO Shawn Vadala sold 300 shares of the firm’s stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $1,457.07, for a total transaction of $437,121.00. Following the transaction, the chief financial officer now owns 4,914 shares of the company’s stock, valued at $7,160,041.98. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, CFO Shawn Vadala sold 300 shares of Mettler-Toledo International stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $1,457.07, for a total value of $437,121.00. Following the transaction, the chief financial officer now owns 4,914 shares of the company’s stock, valued at $7,160,041.98. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Thomas P. Salice sold 1,268 shares of Mettler-Toledo International stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $1,490.18, for a total transaction of $1,889,548.24. Following the completion of the transaction, the director now directly owns 244 shares in the company, valued at approximately $363,603.92. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 3,278 shares of company stock valued at $4,871,849. 1.94% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Mettler-Toledo International

Institutional investors have recently modified their holdings of the company. Eisler Capital UK Ltd. bought a new position in shares of Mettler-Toledo International in the fourth quarter valued at approximately $770,000. Caprock Group LLC raised its position in shares of Mettler-Toledo International by 450.2% in the fourth quarter. Caprock Group LLC now owns 1,733 shares of the medical instruments supplier’s stock valued at $2,102,000 after purchasing an additional 1,418 shares during the period. Oak Thistle LLC acquired a new stake in shares of Mettler-Toledo International in the fourth quarter worth $1,419,000. Charles Schwab Investment Management Inc. grew its stake in shares of Mettler-Toledo International by 9.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 144,015 shares of the medical instruments supplier’s stock worth $174,684,000 after acquiring an additional 12,249 shares during the last quarter. Finally, Capital International Investors grew its stake in shares of Mettler-Toledo International by 3.0% in the fourth quarter. Capital International Investors now owns 933,989 shares of the medical instruments supplier’s stock worth $1,132,891,000 after acquiring an additional 27,386 shares during the last quarter. Institutional investors own 95.07% of the company’s stock.

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.