According to Zacks, “Mettler-Toledo is the world’s largest manufacturer and marketer of weighing instruments for use in laboratory, industrial and food retailing applications. The Company focuses on the high value-added segments of the weighing instruments market by providing solutions for specific applications. The Company also manufactures and sells certain related laboratory measurement instruments, with one of the top three market positions worldwide in titrators, thermal analysis systems, pH meters and lab reactors. “
MTD has been the subject of a number of other research reports. Citigroup Inc. downgraded Mettler-Toledo International from a buy rating to a neutral rating and upped their price target for the stock from $382.00 to $400.00 in a research report on Thursday, June 23rd. Bank of America Corp. raised Mettler-Toledo International from a neutral rating to a buy rating and upped their price target for the stock from $404.33 to $470.00 in a research report on Wednesday, August 31st. Finally, JPMorgan Chase & Co. upped their price target on Mettler-Toledo International from $350.00 to $400.00 and gave the stock a neutral rating in a research report on Friday, July 29th. One analyst has rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company. Mettler-Toledo International presently has an average rating of Hold and an average price target of $378.38.
Shares of Mettler-Toledo International (NYSE:MTD) opened at 423.46 on Wednesday. The firm has a market cap of $11.22 billion, a P/E ratio of 32.70 and a beta of 1.16. Mettler-Toledo International has a 52 week low of $282.05 and a 52 week high of $424.13. The stock has a 50 day moving average of $407.01 and a 200 day moving average of $381.73.
Mettler-Toledo International (NYSE:MTD) last released its quarterly earnings results on Thursday, July 28th. The company reported $3.22 earnings per share for the quarter, topping analysts’ consensus estimates of $3.13 by $0.09. Mettler-Toledo International had a return on equity of 68.23% and a net margin of 14.74%. The firm earned $608.28 million during the quarter, compared to the consensus estimate of $598.20 million. During the same quarter in the prior year, the firm posted $2.80 EPS. The business’s revenue was up 4.5% on a year-over-year basis. Equities analysts forecast that Mettler-Toledo International will post $14.45 earnings per share for the current year.
In other news, insider Waldemar Rauch sold 3,042 shares of the stock in a transaction on Monday, August 1st. The stock was sold at an average price of $410.56, for a total transaction of $1,248,923.52. Following the sale, the insider now directly owns 14,938 shares of the company’s stock, valued at approximately $6,132,945.28. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider William P. Donnelly sold 10,000 shares of the stock in a transaction on Friday, August 12th. The stock was sold at an average price of $403.23, for a total value of $4,032,300.00. Following the sale, the insider now directly owns 4,800 shares in the company, valued at $1,935,504. The disclosure for this sale can be found here. 5.60% of the stock is owned by corporate insiders.
Hedge funds have recently added to or reduced their stakes in the company. Exxonmobil Investment Management Inc. TX bought a new stake in Mettler-Toledo International during the third quarter valued at about $2,840,000. Chevy Chase Trust Holdings Inc. purchased a new position in Mettler-Toledo International during the third quarter valued at approximately $9,299,000. Williams Jones & Associates LLC increased its position in Mettler-Toledo International by 79,301.5% in the second quarter. Williams Jones & Associates LLC now owns 218,354 shares of the company’s stock valued at $79,682,000 after buying an additional 218,079 shares in the last quarter. Mason Street Advisors LLC purchased a new position in Mettler-Toledo International during the second quarter valued at approximately $4,453,000. Finally, Royal Bank of Canada increased its position in Mettler-Toledo International by 5.1% in the second quarter. Royal Bank of Canada now owns 50,112 shares of the company’s stock valued at $18,287,000 after buying an additional 2,440 shares in the last quarter. 96.62% of the stock is currently owned by institutional investors.
Mettler-Toledo International Company Profile
Mettler-Toledo International Inc is a supplier of precision instruments and services. The Company is a provider of weighing instruments for use in laboratory, industrial and food retailing applications. The Company is also a provider of analytical instruments for use in life science, reaction engineering and real-time analytic systems used in drug and chemical compound development and process analytics instruments used for in-line measurement in production processes.
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