Mettler-Toledo International (NYSE:MTD) Research Coverage Started at UBS Group

UBS Group began coverage on shares of Mettler-Toledo International (NYSE:MTD) in a research note published on Wednesday morning, Marketbeat.com reports. The brokerage issued a neutral rating and a $1,460.00 price target on the medical instruments supplier’s stock.

Other analysts have also issued research reports about the stock. Stifel Nicolaus raised their price objective on shares of Mettler-Toledo International from $1,400.00 to $1,600.00 and gave the stock a “buy” rating in a report on Monday, August 3rd. Royal Bank Of Canada initiated coverage on Mettler-Toledo International in a report on Tuesday, September 1st. They issued a “sector perform” rating and a $1,515.00 target price on the stock. Wolfe Research initiated coverage on Mettler-Toledo International in a research report on Tuesday, June 2nd. They set a “peer perform” rating on the stock. Wells Fargo & Company raised their price target on 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. Finally, Barclays lifted their price objective on Mettler-Toledo International from $1,300.00 to $1,575.00 and gave the company an “overweight” rating in a research report on Monday, August 3rd. Six investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $1,446.36.

Mettler-Toledo International Stock Up 1.0%

Shares of NYSE:MTD opened at $1,293.95 on Wednesday. The company’s fifty day moving average is $1,363.24 and its 200-day moving average is $1,272.57. The company has a debt-to-equity ratio of 159.45, a quick ratio of 0.78 and a current ratio of 1.12. Mettler-Toledo International has a 52 week low of $1,023.05 and a 52 week high of $1,525.17. The company has a market capitalization of $25.93 billion, a PE ratio of 29.12, a P/E/G ratio of 2.57 and a beta of 1.22.

Mettler-Toledo International (NYSE:MTD) last announced its earnings results 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. Mettler-Toledo International had a net margin of 21.91% and a negative return on equity of 1,212.14%. The business had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $1.03 billion. During the same quarter last year, the company posted $10.09 EPS. The firm’s revenue for the quarter was up 4.5% on a year-over-year basis. Equities research analysts predict that Mettler-Toledo International will post 47.35 earnings per share for the current fiscal year.

Insider Activity at Mettler-Toledo International

In other news, insider Gerry Keller sold 240 shares of the 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 transaction of $342,513.60. Following the sale, the insider directly owned 259 shares of the company’s stock, valued at $369,629.26. This represents a 48.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Shawn Vadala sold 2,240 shares of the firm’s stock in a transaction that occurred on Monday, August 3rd. The shares were 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 directly owned 5,579 shares of the company’s stock, valued at approximately $7,989,128. This represents a 28.65% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 4,254 shares of company stock valued at $6,092,712. Insiders own 0.71% of the company’s stock.

Institutional Investors Weigh In On Mettler-Toledo International

Several hedge funds and other institutional investors have recently made changes to their positions in MTD. Meridian Wealth Management LLC raised its position in shares of Mettler-Toledo International by 1.7% during the fourth quarter. Meridian Wealth Management LLC now owns 488 shares of the medical instruments supplier’s stock worth $680,000 after acquiring an additional 8 shares during the last quarter. EverSource Wealth Advisors LLC boosted its holdings in Mettler-Toledo International by 2.7% in the fourth quarter. EverSource Wealth Advisors LLC now owns 302 shares of the medical instruments supplier’s stock valued at $421,000 after acquiring an additional 8 shares during the last quarter. Values First Advisors Inc. increased its position in Mettler-Toledo International by 1.3% in the first quarter. Values First Advisors Inc. now owns 625 shares of the medical instruments supplier’s stock worth $789,000 after purchasing an additional 8 shares during the period. Torray Investment Partners LLC increased its position in Mettler-Toledo International by 0.5% in the first quarter. Torray Investment Partners LLC now owns 1,677 shares of the medical instruments supplier’s stock worth $2,115,000 after purchasing an additional 8 shares during the period. Finally, Allspring Global Investments Holdings LLC raised its holdings in Mettler-Toledo International by 1.0% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 927 shares of the medical instruments supplier’s stock worth $1,181,000 after purchasing an additional 9 shares during the last quarter. 95.07% of the stock is owned by institutional investors and hedge funds.

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.