Mettler-Toledo International (NYSE:MTD) Price Target Raised to $1,390.00 at Evercore ISI

Mettler-Toledo International (NYSE:MTD) had its price objective hoisted by Evercore ISI from $1,375.00 to $1,390.00 in a research report released on Tuesday morning, Benzinga reports. The firm currently has an in-line rating on the medical instruments supplier’s stock.

Several other analysts have also recently commented on MTD. Robert W. Baird raised their target price on shares of Mettler-Toledo International from $1,212.00 to $1,360.00 and gave the stock a neutral rating in a research note on Monday, May 13th. Citigroup increased their price target on shares of Mettler-Toledo International from $975.00 to $1,200.00 and gave the company a sell rating in a report on Monday, May 13th. StockNews.com upgraded shares of Mettler-Toledo International from a hold rating to a buy rating in a report on Monday, April 29th. Stifel Nicolaus raised their target price on shares of Mettler-Toledo International from $1,270.00 to $1,510.00 and gave the company a buy rating in a report on Monday, May 13th. Finally, Jefferies Financial Group restated an underperform rating and set a $1,250.00 target price (up from $1,230.00) on shares of Mettler-Toledo International in a report on Monday, June 3rd. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of Hold and an average price target of $1,267.50.

Mettler-Toledo International Stock Down 0.7 %

NYSE:MTD opened at $1,357.07 on Tuesday. The stock’s 50 day moving average price is $1,403.12 and its 200 day moving average price is $1,295.18. The company has a market capitalization of $28.99 billion, a PE ratio of 38.06, a P/E/G ratio of 3.75 and a beta of 1.17. Mettler-Toledo International has a 52-week low of $928.49 and a 52-week high of $1,535.86.

Mettler-Toledo International (NYSE:MTD) last announced its earnings results on Thursday, May 9th. The medical instruments supplier reported $8.89 earnings per share for the quarter, beating the consensus estimate of $7.61 by $1.28. The company had revenue of $925.95 million for the quarter, compared to the consensus estimate of $879.72 million. Mettler-Toledo International had a negative return on equity of 662.32% and a net margin of 20.55%. The company’s revenue was down .3% on a year-over-year basis. During the same period last year, the business posted $8.69 EPS. As a group, sell-side analysts anticipate that Mettler-Toledo International will post 40.13 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CFO Shawn Vadala sold 300 shares of the firm’s stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $1,528.43, for a total value of $458,529.00. Following the sale, the chief financial officer now directly owns 4,914 shares of the company’s stock, valued at $7,510,705.02. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, insider Christian Magloth sold 1,100 shares of the business’s stock in a transaction on Monday, May 13th. The shares were sold at an average price of $1,470.97, for a total transaction of $1,618,067.00. Following the transaction, the insider now directly owns 734 shares of the company’s stock, valued at $1,079,691.98. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Shawn Vadala sold 300 shares of the business’s stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $1,528.43, for a total transaction of $458,529.00. Following the transaction, the chief financial officer now directly owns 4,914 shares in the company, valued at $7,510,705.02. The disclosure for this sale can be found here. Over the last three months, insiders have sold 3,278 shares of company stock valued at $4,871,849. Insiders own 1.94% of the company’s stock.

Institutional Trading of Mettler-Toledo International

Hedge funds and other institutional investors have recently made changes to their positions in the stock. MV Capital Management Inc. increased its stake in Mettler-Toledo International by 162.5% during the fourth quarter. MV Capital Management Inc. now owns 21 shares of the medical instruments supplier’s stock valued at $25,000 after purchasing an additional 13 shares during the last quarter. Rise Advisors LLC acquired a new position in shares of Mettler-Toledo International during the first quarter valued at $25,000. CVA Family Office LLC acquired a new position in shares of Mettler-Toledo International during the fourth quarter valued at $27,000. Spartan Planning & Wealth Management acquired a new position in shares of Mettler-Toledo International during the fourth quarter valued at $27,000. Finally, Bellevue Group AG acquired a new position in shares of Mettler-Toledo International during the fourth quarter valued at $30,000. Institutional investors own 95.07% of the company’s stock.

About Mettler-Toledo International

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.