Brokerages Set Mettler-Toledo International, Inc. (NYSE:MTD) Target Price at $1,445.31

Shares of Mettler-Toledo International, Inc. (NYSE:MTD) have received an average recommendation of “Hold” from the sixteen brokerages that are presently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $1,446.3571.

Several equities analysts have recently weighed in on MTD shares. Barclays raised their price target on shares of Mettler-Toledo International from $1,300.00 to $1,575.00 and gave the stock an “overweight” rating in a research note on Monday, August 3rd. Royal Bank Of Canada started coverage on shares of Mettler-Toledo International in a report on Tuesday, September 1st. They set a “sector perform” rating and a $1,515.00 target price for the company. Wells Fargo & Company lifted their price target on shares of Mettler-Toledo International from $1,225.00 to $1,450.00 and gave the company an “equal weight” rating in a research note on Monday, August 3rd. Rothschild & Co Redburn started coverage on Mettler-Toledo International in a research note on Wednesday, September 2nd. They issued a “sell” rating and a $1,200.00 price target for the company. Finally, Weiss Ratings upgraded shares of Mettler-Toledo International from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday.

Mettler-Toledo International Stock Performance

MTD opened at $1,291.19 on Monday. The company has a market capitalization of $25.88 billion, a price-to-earnings ratio of 29.06, a P/E/G ratio of 2.66 and a beta of 1.22. The business’s 50-day moving average price is $1,364.06 and its two-hundred day moving average price is $1,273.10. Mettler-Toledo International has a 1 year low of $1,023.05 and a 1 year high of $1,525.17. The company has a debt-to-equity ratio of 159.45, a current ratio of 1.12 and a quick ratio of 0.78.

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

Insiders Place Their Bets

In other Mettler-Toledo International news, CEO Patrick Kaltenbach sold 942 shares of Mettler-Toledo International stock in a transaction on Thursday, August 27th. The shares were sold at an average price of $1,425.00, for a total transaction of $1,342,350.00. Following the completion of the transaction, the chief executive officer directly owned 4,480 shares of the company’s stock, valued at $6,384,000. The trade was a 17.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Gerry Keller sold 240 shares of the stock in a transaction dated 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 completion of the transaction, the insider directly owned 259 shares in the company, valued at $369,629.26. The trade was a 48.10% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 4,254 shares of company stock valued at $6,092,712 over the last 90 days. 0.71% of the stock is owned by insiders.

Institutional Trading of Mettler-Toledo International

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Whipplewood Advisors LLC acquired a new stake in Mettler-Toledo International during the first quarter worth approximately $25,000. Reflection Asset Management acquired a new position in shares of Mettler-Toledo International in the fourth quarter valued at approximately $26,000. Edmond DE Rothschild Holding S.A. acquired a new position in shares of Mettler-Toledo International in the second quarter valued at approximately $26,000. Elyxium Wealth LLC bought a new position in shares of Mettler-Toledo International during the fourth quarter worth approximately $29,000. Finally, Transamerica Financial Advisors LLC bought a new position in shares of Mettler-Toledo International during the second quarter worth approximately $32,000. Institutional investors own 95.07% of the company’s stock.

About Mettler-Toledo International

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.