Mettler-Toledo International, Inc. (NYSE:MTD) Receives $1,461.27 Consensus Price Target from Analysts

Mettler-Toledo International, Inc. (NYSE:MTD) has earned a consensus recommendation of “Hold” from the thirteen brokerages that are covering the stock, Marketbeat reports. Seven analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $1,461.2727.

MTD has been the topic of a number of recent research reports. Wells Fargo & Company lifted their target price on shares of Mettler-Toledo International from $1,225.00 to $1,450.00 and gave the company an “equal weight” rating in a report on Monday, August 3rd. Citigroup cut their target price on Mettler-Toledo International from $1,700.00 to $1,550.00 and set a “buy” rating for the company in a research note on Friday, May 8th. Stifel Nicolaus raised their price objective on shares of Mettler-Toledo International from $1,400.00 to $1,600.00 and gave the company a “buy” rating in a research note on Monday, August 3rd. Wolfe Research assumed coverage on Mettler-Toledo International in a report on Tuesday, June 2nd. They set a “peer perform” rating for the company. Finally, Robert W. Baird cut their target price on shares of Mettler-Toledo International from $1,445.00 to $1,194.00 and set a “neutral” rating for the company in a research report on Monday, May 11th.

Mettler-Toledo International Stock Performance

Shares of Mettler-Toledo International stock opened at $1,424.86 on Thursday. The company has a quick ratio of 0.78, a current ratio of 1.12 and a debt-to-equity ratio of 159.45. The firm’s 50 day moving average is $1,309.30 and its two-hundred day moving average is $1,273.33. The firm has a market capitalization of $28.55 billion, a P/E ratio of 32.07, a P/E/G ratio of 2.88 and a beta of 1.23. Mettler-Toledo International has a 52 week low of $1,023.05 and a 52 week high of $1,525.17.

Mettler-Toledo International (NYSE:MTD) last announced its quarterly earnings results on Friday, July 31st. The medical instruments supplier reported $11.46 earnings per share for the quarter, beating analysts’ consensus estimates of $10.78 by $0.68. Mettler-Toledo International had a net margin of 21.91% and a negative return on equity of 1,212.14%. The firm had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $1.03 billion. During the same period in the previous year, the company earned $10.09 earnings per share. Mettler-Toledo International’s quarterly revenue was up 4.5% compared to the same quarter last year. Research analysts forecast that Mettler-Toledo International will post 47.35 EPS for the current fiscal year.

Insider Activity at Mettler-Toledo International

In related news, CFO Shawn Vadala sold 2,240 shares of Mettler-Toledo International stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $1,432.00, for a total transaction of $3,207,680.00. Following the completion of the sale, the chief financial officer owned 5,579 shares in the company, valued at approximately $7,989,128. This trade represents a 28.65% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Thomas P. Salice sold 417 shares of Mettler-Toledo International stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $1,440.41, for a total transaction of $600,650.97. Following the sale, the director owned 292 shares of the company’s stock, valued at approximately $420,599.72. This trade represents a 58.82% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 3,312 shares of company stock valued at $4,750,362 over the last quarter. Insiders own 0.71% of the company’s stock.

Institutional Investors Weigh In On Mettler-Toledo International

A number of institutional investors have recently bought and sold shares of MTD. Whipplewood Advisors LLC purchased a new stake in shares of Mettler-Toledo International during the 1st quarter valued at $25,000. Reflection Asset Management purchased a new stake in shares of Mettler-Toledo International in the fourth quarter worth about $26,000. Edmond DE Rothschild Holding S.A. acquired a new stake in Mettler-Toledo International in the second quarter valued at approximately $26,000. Elyxium Wealth LLC acquired a new stake in Mettler-Toledo International during the 4th quarter valued at $29,000. Finally, Transamerica Financial Advisors LLC acquired a new stake in shares of Mettler-Toledo International during the second quarter valued at about $32,000. 95.07% of the stock is currently 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.