Mettler-Toledo International, Inc. (NYSE:MTD) Receives $1,445.31 Average PT from Brokerages

Shares of Mettler-Toledo International, Inc. (NYSE:MTD) have received an average rating of “Hold” from the sixteen research firms that are presently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and six have given a buy rating to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $1,446.3571.

MTD has been the subject of several recent analyst reports. Jefferies Financial Group raised their target price on shares of Mettler-Toledo International from $1,400.00 to $1,580.00 and gave the company a “buy” rating in a research note on Friday, July 31st. Wall Street Zen lowered Mettler-Toledo International from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. Barclays raised their price objective on Mettler-Toledo International from $1,300.00 to $1,575.00 and gave the stock an “overweight” rating in a research report on Monday, August 3rd. Rothschild & Co Redburn started coverage on Mettler-Toledo International in a research note on Wednesday, September 2nd. They set a “sell” rating and a $1,200.00 target price on the stock. Finally, Wolfe Research began coverage on Mettler-Toledo International in a research report on Tuesday, June 2nd. They set a “peer perform” rating on the stock.

Insiders Place Their Bets

In related news, insider Gerry Keller sold 240 shares of Mettler-Toledo International stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $1,427.14, for a total value of $342,513.60. Following the completion of the sale, the insider directly owned 259 shares in the company, valued at $369,629.26. This trade represents a 48.10% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Patrick Kaltenbach sold 942 shares of the business’s stock in a transaction that occurred on Thursday, August 27th. The stock was sold at an average price of $1,425.00, for a total transaction of $1,342,350.00. Following the sale, the chief executive officer directly owned 4,480 shares in the company, valued at approximately $6,384,000. This represents a 17.37% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 4,254 shares of company stock worth $6,092,712 over the last ninety days. Insiders own 0.71% of the company’s stock.

Institutional Investors Weigh In On Mettler-Toledo International

Several institutional investors and hedge funds have recently made changes to their positions in MTD. Reflection Asset Management acquired a new position in shares of Mettler-Toledo International in the 4th quarter valued at $26,000. Whipplewood Advisors LLC acquired a new stake in Mettler-Toledo International during the 1st quarter worth about $25,000. Edmond DE Rothschild Holding S.A. purchased a new stake in Mettler-Toledo International during the 2nd quarter valued at about $26,000. Elyxium Wealth LLC purchased a new stake in Mettler-Toledo International during the 4th quarter valued at about $29,000. Finally, Transamerica Financial Advisors LLC acquired a new position in shares of Mettler-Toledo International in the second quarter valued at about $32,000. 95.07% of the stock is currently owned by institutional investors and hedge funds.

Mettler-Toledo International Stock Performance

MTD stock opened at $1,293.95 on Monday. Mettler-Toledo International has a one year low of $1,023.05 and a one year high of $1,525.17. The firm has a market cap of $25.93 billion, a price-to-earnings ratio of 29.12, a PEG ratio of 2.57 and a beta of 1.22. The company has a debt-to-equity ratio of 159.45, a quick ratio of 0.78 and a current ratio of 1.12. The firm has a 50-day simple moving average of $1,363.24 and a two-hundred day simple moving average of $1,272.57.

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

Mettler-Toledo International Company Profile

Mettler-Toledo International Inc develops and manufactures precision instruments and related services for laboratory, industrial and retail applications. Its products include laboratory balances and scales, analytical instruments, pipettes, automated chemistry systems, titration and thermal analysis equipment, and process analytics solutions.

The company also provides industrial weighing and measurement systems, product inspection technologies such as metal detection, checkweighing and vision inspection, and software and services that support manufacturing, quality control and regulatory compliance.