Mettler-Toledo International (NYSE:MTD) Releases Earnings Results, Beats Expectations By $0.65 EPS

Mettler-Toledo International (NYSE:MTD) issued its quarterly earnings results on Thursday. The medical instruments supplier reported $12.41 earnings per share for the quarter, topping analysts’ consensus estimates of $11.76 by $0.65, Zacks reports. Mettler-Toledo International had a negative return on equity of 564.51% and a net margin of 22.29%.

Mettler-Toledo International Stock Down 1.8 %

Shares of MTD stock traded down $23.70 during trading hours on Friday, hitting $1,273.44. 121,069 shares of the company’s stock were exchanged, compared to its average volume of 114,468. The firm has a market cap of $26.87 billion, a P/E ratio of 31.42, a P/E/G ratio of 4.80 and a beta of 1.13. The firm has a 50 day moving average of $1,284.29 and a two-hundred day moving average of $1,339.88. Mettler-Toledo International has a fifty-two week low of $1,142.91 and a fifty-two week high of $1,546.93.

Insider Transactions at Mettler-Toledo International

In related news, insider Gerry Keller sold 140 shares of the business’s stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $1,254.09, for a total transaction of $175,572.60. Following the completion of the sale, the insider now directly owns 6 shares in the company, valued at approximately $7,524.54. The trade was a 95.89 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.94% of the company’s stock.

Analyst Ratings Changes

MTD has been the topic of a number of research analyst reports. Wolfe Research initiated coverage on Mettler-Toledo International in a research note on Friday, December 13th. They set a “peer perform” rating on the stock. Citigroup upgraded Mettler-Toledo International from a “sell” rating to a “neutral” rating and upped their target price for the company from $1,200.00 to $1,300.00 in a research report on Wednesday, December 11th. Wells Fargo & Company upped their target price on Mettler-Toledo International from $1,350.00 to $1,400.00 and gave the company an “equal weight” rating in a research report on Monday, February 10th. Stifel Nicolaus dropped their target price on Mettler-Toledo International from $1,550.00 to $1,450.00 and set a “buy” rating on the stock in a research report on Monday, November 11th. Finally, Robert W. Baird upped their target price on Mettler-Toledo International from $1,362.00 to $1,369.00 and gave the company a “neutral” rating in a research report on Monday, February 10th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, Mettler-Toledo International presently has a consensus rating of “Hold” and a consensus target price of $1,368.00.

Mettler-Toledo International Company Profile

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.