Analysts Set Mettler-Toledo International Inc. (NYSE:MTD) Price Target at $1,301.25

Shares of Mettler-Toledo International Inc. (NYSE:MTD) have been given a consensus rating of “Hold” by the eight brokerages that are covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and two have given a buy recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $1,301.25.

A number of equities analysts have recently commented on MTD shares. Stifel Nicolaus lifted their price objective on Mettler-Toledo International from $1,270.00 to $1,510.00 and gave the stock a “buy” rating in a research note on Monday, May 13th. Citigroup lifted their price objective on Mettler-Toledo International from $975.00 to $1,200.00 and gave the stock a “sell” rating in a research note on Monday, May 13th. Evercore ISI lifted their price objective on Mettler-Toledo International from $1,375.00 to $1,390.00 and gave the stock an “in-line” rating in a research note on Tuesday, July 2nd. The Goldman Sachs Group lifted their price objective on Mettler-Toledo International from $1,150.00 to $1,300.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 9th. Finally, Jefferies Financial Group restated an “underperform” rating and set a $1,250.00 price target (up from $1,230.00) on shares of Mettler-Toledo International in a research note on Monday, June 3rd.

Mettler-Toledo International Price Performance

NYSE MTD opened at $1,450.08 on Wednesday. Mettler-Toledo International has a fifty-two week low of $928.49 and a fifty-two week high of $1,535.86. The stock’s 50-day moving average is $1,415.40 and its two-hundred day moving average is $1,318.15. The firm has a market cap of $30.97 billion, a P/E ratio of 40.66, a price-to-earnings-growth ratio of 3.89 and a beta of 1.17.

Mettler-Toledo International (NYSE:MTD) last posted its quarterly earnings data on Thursday, May 9th. The medical instruments supplier reported $8.89 EPS for the quarter, topping analysts’ consensus estimates of $7.61 by $1.28. The business had revenue of $925.95 million for the quarter, compared to analyst estimates of $879.72 million. Mettler-Toledo International had a negative return on equity of 662.32% and a net margin of 20.55%. The firm’s revenue for the quarter was down .3% on a year-over-year basis. During the same period in the previous year, the company posted $8.69 earnings per share. On average, equities analysts expect that Mettler-Toledo International will post 40.13 EPS for the current year.

Insider Buying and Selling at Mettler-Toledo International

In other Mettler-Toledo International news, Director Thomas P. Salice sold 1,268 shares of Mettler-Toledo International stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $1,490.18, for a total transaction of $1,889,548.24. Following the sale, the director now directly owns 244 shares of the company’s stock, valued at $363,603.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Mettler-Toledo International news, Director Thomas P. Salice sold 1,268 shares of Mettler-Toledo International stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $1,490.18, for a total transaction of $1,889,548.24. Following the sale, the director now directly owns 244 shares of the company’s stock, valued at $363,603.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Christian Magloth sold 1,100 shares of Mettler-Toledo International stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $1,470.97, for a total value of $1,618,067.00. Following the sale, the insider now directly owns 734 shares in the company, valued at $1,079,691.98. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 3,278 shares of company stock valued at $4,871,849. 1.94% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Mettler-Toledo International

Institutional investors have recently added to or reduced their stakes in the stock. HB Wealth Management LLC acquired a new position in shares of Mettler-Toledo International in the 2nd quarter worth approximately $243,000. West Bancorporation Inc. acquired a new position in shares of Mettler-Toledo International in the 2nd quarter worth approximately $201,000. Checchi Capital Advisers LLC boosted its holdings in shares of Mettler-Toledo International by 16.4% in the 2nd quarter. Checchi Capital Advisers LLC now owns 206 shares of the medical instruments supplier’s stock worth $288,000 after acquiring an additional 29 shares in the last quarter. AustralianSuper Pty Ltd acquired a new position in shares of Mettler-Toledo International in the 2nd quarter worth approximately $727,000. Finally, Crew Capital Management Ltd. boosted its holdings in shares of Mettler-Toledo International by 15.2% in the 2nd quarter. Crew Capital Management Ltd. now owns 668 shares of the medical instruments supplier’s stock worth $934,000 after acquiring an additional 88 shares in 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 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.Its industrial instruments comprise industrial weighing instruments and related terminals, automatic dimensional measurement and data capture solutions, vehicle scale systems, industrial software, metal detection equipment, x-ray systems, check weighing equipment, camera-based imaging equipment, track-and-trace solutions, and product inspection systems.