Mettler-Toledo International Inc. (NYSE:MTD) Receives Average Rating of “Hold” from Brokerages

Shares of Mettler-Toledo International Inc. (NYSE:MTD) have earned a consensus recommendation of “Hold” from the eight research firms that are presently covering the firm, Marketbeat reports. Two analysts have rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $1,343.75.

MTD has been the subject of a number of research analyst reports. Jefferies Financial Group reiterated an “underperform” rating and issued a $1,250.00 target price (up from $1,230.00) on shares of Mettler-Toledo International in a report on Monday, June 3rd. Stifel Nicolaus boosted their target price on shares of Mettler-Toledo International from $1,510.00 to $1,550.00 and gave the company a “buy” rating in a research report on Monday, August 5th. JPMorgan Chase & Co. increased their target price on shares of Mettler-Toledo International from $1,300.00 to $1,400.00 and gave the stock a “neutral” rating in a research note on Monday, August 5th. Evercore ISI lifted their price target on shares of Mettler-Toledo International from $1,375.00 to $1,390.00 and gave the company an “in-line” rating in a research note on Tuesday, July 2nd. Finally, The Goldman Sachs Group increased their price objective on shares of Mettler-Toledo International from $1,150.00 to $1,300.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 9th.

Mettler-Toledo International Price Performance

Shares of MTD stock opened at $1,435.94 on Friday. Mettler-Toledo International has a one year low of $928.49 and a one year high of $1,546.93. The business’s 50 day simple moving average is $1,405.01 and its 200 day simple moving average is $1,348.89. The stock has a market capitalization of $30.67 billion, a PE ratio of 40.27, a PEG ratio of 4.06 and a beta of 1.17.

Mettler-Toledo International (NYSE:MTD) last posted its quarterly earnings data on Thursday, August 1st. The medical instruments supplier reported $9.65 EPS for the quarter, beating analysts’ consensus estimates of $9.00 by $0.65. Mettler-Toledo International had a net margin of 20.95% and a negative return on equity of 590.80%. The company had revenue of $946.75 million for the quarter, compared to analyst estimates of $929.13 million. During the same period in the prior year, the firm posted $10.19 EPS. The company’s quarterly revenue was down 3.6% on a year-over-year basis. As a group, research analysts expect that Mettler-Toledo International will post 40.13 earnings per share for the current year.

Insider Buying and Selling at Mettler-Toledo International

In other news, insider Christian Magloth sold 1,000 shares of the business’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $1,422.97, for a total transaction of $1,422,970.00. Following the completion of the sale, the insider now directly owns 734 shares of the company’s stock, valued at $1,044,459.98. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, insider Christian Magloth sold 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $1,422.97, for a total value of $1,422,970.00. Following the transaction, the insider now owns 734 shares in the company, valued at $1,044,459.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Shawn Vadala sold 250 shares of the company’s stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $1,401.00, for a total value of $350,250.00. Following the sale, the chief financial officer now owns 4,914 shares of the company’s stock, valued at approximately $6,884,514. The disclosure for this sale can be found here. Insiders own 1.94% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Eisler Capital UK Ltd. purchased a new position in shares of Mettler-Toledo International in the 4th quarter worth approximately $770,000. Daiwa Securities Group Inc. increased its position in shares of Mettler-Toledo International by 36.6% during the 1st quarter. Daiwa Securities Group Inc. now owns 2,682 shares of the medical instruments supplier’s stock valued at $3,570,000 after purchasing an additional 719 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Mettler-Toledo International by 9.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 144,015 shares of the medical instruments supplier’s stock worth $174,684,000 after purchasing an additional 12,249 shares during the period. Capital International Investors grew its position in Mettler-Toledo International by 3.0% during the fourth quarter. Capital International Investors now owns 933,989 shares of the medical instruments supplier’s stock valued at $1,132,891,000 after buying an additional 27,386 shares during the period. Finally, Kovitz Investment Group Partners LLC purchased a new stake in Mettler-Toledo International during the fourth quarter worth about $1,654,000. 95.07% of the stock is currently owned by hedge funds and other institutional investors.

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.