Mettler-Toledo International, Inc. (NYSE:MTD) had its price target raised by Bank of America Corporation from $640.00 to $710.00 in a research report sent to investors on Monday, October 9th. Bank of America Corporation currently has a buy rating on the medical instruments supplier’s stock.
Several other brokerages have also commented on MTD. Morgan Stanley restated an equal weight rating and set a $535.00 price target (down from $565.00) on shares of Mettler-Toledo International in a research note on Friday, October 6th. Zacks Investment Research upgraded Mettler-Toledo International from a hold rating to a buy rating and set a $711.00 price target for the company in a research note on Thursday, September 21st. Goldman Sachs Group, Inc. (The) reaffirmed a buy rating and issued a $690.00 target price on shares of Mettler-Toledo International in a research report on Tuesday, September 26th. BidaskClub raised Mettler-Toledo International from a buy rating to a strong-buy rating in a research report on Wednesday, July 12th. Finally, Wells Fargo & Company raised Mettler-Toledo International from a market perform rating to an outperform rating in a research report on Wednesday, July 12th. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Mettler-Toledo International has a consensus rating of Buy and a consensus price target of $611.00.
Mettler-Toledo International (NYSE:MTD) opened at 668.72 on Monday. The stock has a market capitalization of $17.16 billion, a PE ratio of 41.12 and a beta of 1.11. The company’s 50-day moving average price is $636.21 and its 200-day moving average price is $583.39. Mettler-Toledo International has a one year low of $395.61 and a one year high of $670.46.
Mettler-Toledo International (NYSE:MTD) last announced its quarterly earnings results on Thursday, July 27th. The medical instruments supplier reported $3.92 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $3.89 by $0.03. The company had revenue of $653.70 million during the quarter, compared to analyst estimates of $646.68 million. Mettler-Toledo International had a return on equity of 95.28% and a net margin of 16.60%. The firm’s revenue was up 7.5% on a year-over-year basis. During the same period in the prior year, the firm posted $3.22 earnings per share. Equities research analysts predict that Mettler-Toledo International will post $17.37 EPS for the current year.
COPYRIGHT VIOLATION WARNING: “Bank of America Corporation Raises Mettler-Toledo International, Inc. (NYSE:MTD) Price Target to $710.00” was first reported by BBNS and is the property of of BBNS. If you are viewing this news story on another publication, it was stolen and reposted in violation of U.S. & international copyright & trademark law. The correct version of this news story can be accessed at https://baseballnewssource.com/markets/bank-of-america-corporation-increases-mettler-toledo-international-inc-mtd-price-target-to-710-00/1704181.html.
In related news, insider Thomas Caratsch sold 150 shares of the stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $578.00, for a total value of $86,700.00. Following the completion of the transaction, the insider now owns 920 shares of the company’s stock, valued at $531,760. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider William P. Donnelly sold 2,845 shares of the stock in a transaction dated Thursday, August 3rd. The shares were sold at an average price of $576.92, for a total value of $1,641,337.40. Following the completion of the transaction, the insider now directly owns 2,345 shares of the company’s stock, valued at approximately $1,352,877.40. The disclosure for this sale can be found here. Insiders sold 27,356 shares of company stock valued at $16,150,829 in the last ninety days. Company insiders own 5.20% of the company’s stock.
A number of institutional investors and hedge funds have recently modified their holdings of MTD. BlackRock Inc. boosted its holdings in Mettler-Toledo International by 1,735.6% in the first quarter. BlackRock Inc. now owns 1,748,149 shares of the medical instruments supplier’s stock valued at $837,207,000 after purchasing an additional 1,652,915 shares during the last quarter. Koch Industries Inc. boosted its holdings in Mettler-Toledo International by 96,281.2% in the second quarter. Koch Industries Inc. now owns 696,836 shares of the medical instruments supplier’s stock valued at $696,000 after purchasing an additional 696,113 shares during the last quarter. Janus Henderson Group PLC boosted its holdings in Mettler-Toledo International by 5,926.9% in the second quarter. Janus Henderson Group PLC now owns 202,927 shares of the medical instruments supplier’s stock valued at $119,430,000 after purchasing an additional 199,560 shares during the last quarter. Parametric Portfolio Associates LLC boosted its holdings in Mettler-Toledo International by 253.5% in the second quarter. Parametric Portfolio Associates LLC now owns 201,137 shares of the medical instruments supplier’s stock valued at $118,377,000 after purchasing an additional 144,245 shares during the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. purchased a new position in Mettler-Toledo International in the second quarter valued at about $71,233,000. 93.08% of the stock is owned by hedge funds and other institutional investors.
Mettler-Toledo International Company Profile
Mettler-Toledo International Inc is a supplier of precision instruments and services. The Company operates through five segments: U.S. Operations, Swiss Operations, Western European Operations, Chinese Operations and Other. The Company manufactures weighing instruments for use in laboratory, industrial, packaging, logistics and food retailing applications.
Receive News & Ratings for Mettler-Toledo International Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mettler-Toledo International Inc. and related companies with our FREE daily email newsletter.