Mettler-Toledo International, Inc. (NYSE:MTD) Receives $1,461.27 Average Target Price from Brokerages

Mettler-Toledo International, Inc. (NYSE:MTD) has been assigned a consensus recommendation of “Hold” from the thirteen brokerages that are covering the stock, MarketBeat Ratings reports. Seven investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $1,461.2727.

A number of brokerages recently weighed in on MTD. Morgan Stanley boosted their price objective on shares of Mettler-Toledo International from $1,275.00 to $1,450.00 and gave the stock an “equal weight” rating in a report on Tuesday, August 4th. Stifel Nicolaus increased their target price on Mettler-Toledo International from $1,400.00 to $1,600.00 and gave the company a “buy” rating in a research note on Monday, August 3rd. Robert W. Baird reduced their target price on Mettler-Toledo International from $1,445.00 to $1,194.00 and set a “neutral” rating for the company in a report on Monday, May 11th. JPMorgan Chase & Co. decreased their price target on Mettler-Toledo International from $1,413.00 to $1,200.00 and set a “neutral” rating for the company in a research note on Monday, May 11th. Finally, Barclays upped their price target on Mettler-Toledo International from $1,300.00 to $1,575.00 and gave the company an “overweight” rating in a report on Monday, August 3rd.

Mettler-Toledo International Stock Performance

Shares of Mettler-Toledo International stock opened at $1,417.40 on Thursday. Mettler-Toledo International has a 1 year low of $1,023.05 and a 1 year high of $1,525.17. The firm’s 50-day moving average is $1,293.20 and its 200 day moving average is $1,274.22. The stock has a market cap of $28.40 billion, a price-to-earnings ratio of 31.90, a PEG ratio of 2.92 and a beta of 1.23. 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 issued its earnings results on Friday, July 31st. The medical instruments supplier reported $11.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $10.78 by $0.68. The business had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $1.03 billion. Mettler-Toledo International had a net margin of 21.91% and a negative return on equity of 1,212.14%. The business’s revenue for the quarter was up 4.5% compared to the same quarter last year. During the same period in the previous year, the company earned $10.09 earnings per share. Sell-side analysts anticipate that Mettler-Toledo International will post 47.35 EPS for the current fiscal year.

Insider Buying and Selling

In other Mettler-Toledo International news, Director Thomas P. Salice sold 417 shares of the business’s stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $1,440.41, for a total value of $600,650.97. Following the completion of the transaction, the director owned 292 shares of the company’s stock, valued at approximately $420,599.72. The trade was a 58.82% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Gerry Keller sold 240 shares of the company’s 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 transaction, the insider owned 259 shares in the company, valued at $369,629.26. This represents a 48.10% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 3,312 shares of company stock worth $4,750,362. 0.71% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. XXEC Inc. bought a new stake in Mettler-Toledo International in the 2nd quarter worth approximately $77,044,000. BlackRock Inc. bought a new position in shares of Mettler-Toledo International during the 2nd quarter valued at $2,404,713,000. Capital International Investors boosted its stake in shares of Mettler-Toledo International by 12.7% in the 4th quarter. Capital International Investors now owns 969,067 shares of the medical instruments supplier’s stock worth $1,351,064,000 after buying an additional 109,508 shares during the last quarter. T. Rowe Price Investment Management Inc. boosted its stake in shares of Mettler-Toledo International by 0.5% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 691,565 shares of the medical instruments supplier’s stock worth $964,174,000 after buying an additional 3,157 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of Mettler-Toledo International by 2.4% in the fourth quarter. Geode Capital Management LLC now owns 597,448 shares of the medical instruments supplier’s stock worth $830,879,000 after acquiring an additional 14,106 shares during the period. Institutional investors own 95.07% of the company’s stock.

Mettler-Toledo International Company Profile

Mettler-Toledo International Inc is a global manufacturer and distributor of precision instruments and services for laboratory, industrial and food retail applications. The company’s product portfolio includes laboratory balances and analytical instruments, industrial weighing systems, process analytics and sensors, metal detection and x-ray inspection equipment, checkweighers, and a range of automated inspection and data-management solutions. Mettler-Toledo also provides software, calibration and lifecycle services intended to support compliance, quality control and operational efficiency across customer facilities.

The company serves a broad set of end markets including pharmaceutical and biotech laboratories, chemical and food processors, logistics and manufacturing operations, and retail environments where accurate weighing and inspection are critical.