Mettler-Toledo International Inc. (NYSE:MTD) Receives $1,380.50 Average PT from Brokerages

Shares of Mettler-Toledo International Inc. (NYSE:MTD) have earned a consensus rating of “Hold” from the nine research firms that are covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $1,380.50.

Several equities research analysts have recently commented on the stock. Evercore ISI upped their price target on shares of Mettler-Toledo International from $1,450.00 to $1,475.00 and gave the company an “outperform” rating in a research report on Monday, February 10th. Robert W. Baird upped their price target on shares of Mettler-Toledo International from $1,362.00 to $1,369.00 and gave the company a “neutral” rating in a research note on Monday, February 10th. Wells Fargo & Company raised their target price on shares of Mettler-Toledo International from $1,350.00 to $1,400.00 and gave the stock an “equal weight” rating in a report on Monday, February 10th. Wolfe Research started coverage on shares of Mettler-Toledo International in a research note on Friday, December 13th. They issued a “peer perform” rating on the stock. Finally, Citigroup cut their price target on Mettler-Toledo International from $1,450.00 to $1,400.00 and set a “neutral” rating on the stock in a report on Tuesday, March 4th.

Insider Buying and Selling at Mettler-Toledo International

In related news, insider Christian Magloth sold 790 shares of the stock in a transaction on Monday, February 24th. The stock was sold at an average price of $1,313.69, for a total transaction of $1,037,815.10. Following the sale, the insider now owns 734 shares of the company’s stock, valued at $964,248.46. This trade represents a 51.84 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Gerry Keller sold 600 shares of the company’s stock in a transaction on Monday, February 10th. The shares were sold at an average price of $1,351.34, for a total value of $810,804.00. Following the completion of the transaction, the insider now owns 6 shares of the company’s stock, valued at $8,108.04. The trade was a 99.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.94% of the stock is owned by insiders.

Institutional Investors Weigh In On Mettler-Toledo International

Several hedge funds and other institutional investors have recently added to or reduced their stakes in MTD. Townsquare Capital LLC lifted its holdings in Mettler-Toledo International by 2.0% in the third quarter. Townsquare Capital LLC now owns 462 shares of the medical instruments supplier’s stock worth $693,000 after purchasing an additional 9 shares during the period. Glenmede Trust Co. NA grew its stake in Mettler-Toledo International by 2.2% in the third quarter. Glenmede Trust Co. NA now owns 1,155 shares of the medical instruments supplier’s stock valued at $1,732,000 after purchasing an additional 25 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Mettler-Toledo International by 4.1% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,989 shares of the medical instruments supplier’s stock worth $8,982,000 after acquiring an additional 234 shares in the last quarter. Public Sector Pension Investment Board grew its holdings in Mettler-Toledo International by 12.3% during the third quarter. Public Sector Pension Investment Board now owns 915 shares of the medical instruments supplier’s stock valued at $1,372,000 after purchasing an additional 100 shares during the last quarter. Finally, Edgestream Partners L.P. grew its position in shares of Mettler-Toledo International by 1,270.6% in the third quarter. Edgestream Partners L.P. now owns 3,262 shares of the medical instruments supplier’s stock valued at $4,892,000 after purchasing an additional 3,024 shares during the last quarter. Hedge funds and other institutional investors own 95.07% of the company’s stock.

Mettler-Toledo International Price Performance

Shares of Mettler-Toledo International stock opened at $1,021.97 on Monday. The company has a 50 day simple moving average of $1,264.13 and a two-hundred day simple moving average of $1,295.07. Mettler-Toledo International has a 1 year low of $1,000.72 and a 1 year high of $1,546.93. The firm has a market cap of $21.30 billion, a PE ratio of 25.22, a PEG ratio of 3.30 and a beta of 1.15.

Mettler-Toledo International (NYSE:MTD) last announced its quarterly earnings results on Thursday, February 13th. The medical instruments supplier reported $12.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $11.76 by $0.65. Mettler-Toledo International had a net margin of 22.29% and a negative return on equity of 591.54%. As a group, research analysts anticipate that Mettler-Toledo International will post 42.71 earnings per share for the current year.

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.