Mettler-Toledo International Inc. (NYSE:MTD) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Mettler-Toledo International Inc. (NYSE:MTD) have received an average rating of “Hold” from the nine analysts that are presently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $1,380.50.

MTD has been the subject of a number of research analyst reports. Robert W. Baird lifted their target price on shares of Mettler-Toledo International from $1,362.00 to $1,369.00 and gave the company a “neutral” rating in a research note on Monday, February 10th. Citigroup cut their target price on shares of Mettler-Toledo International from $1,450.00 to $1,400.00 and set a “neutral” rating for the company in a research note on Tuesday. Stifel Nicolaus cut their target price on shares of Mettler-Toledo International from $1,550.00 to $1,450.00 and set a “buy” rating for the company in a research note on Monday, November 11th. Wolfe Research assumed coverage on shares of Mettler-Toledo International in a report on Friday, December 13th. They issued a “peer perform” rating for the company. Finally, Evercore ISI raised their price target on shares of Mettler-Toledo International from $1,450.00 to $1,475.00 and gave the company an “outperform” rating in a report on Monday, February 10th.

Mettler-Toledo International Stock Up 1.4 %

Shares of MTD opened at $1,258.53 on Thursday. The stock has a market cap of $26.32 billion, a price-to-earnings ratio of 31.05, a P/E/G ratio of 3.30 and a beta of 1.13. Mettler-Toledo International has a 12 month low of $1,142.91 and a 12 month high of $1,546.93. The company has a 50-day moving average price of $1,292.06 and a two-hundred day moving average price of $1,326.21.

Mettler-Toledo International (NYSE:MTD) last posted its earnings results on Thursday, February 13th. The medical instruments supplier reported $12.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $11.76 by $0.65. Mettler-Toledo International had a net margin of 22.29% and a negative return on equity of 591.54%. Equities research analysts expect that Mettler-Toledo International will post 42.71 EPS for the current fiscal year.

Insiders Place Their Bets

In other Mettler-Toledo International news, insider Christian Magloth sold 790 shares of Mettler-Toledo International stock in a transaction on Monday, February 24th. The shares were sold at an average price of $1,313.69, for a total transaction of $1,037,815.10. Following the completion of the sale, the insider now owns 734 shares of the company’s stock, valued at approximately $964,248.46. The trade was a 51.84 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Gerry Keller sold 600 shares of Mettler-Toledo International stock in a transaction on Monday, February 10th. The stock was sold at an average price of $1,351.34, for a total transaction of $810,804.00. Following the sale, the insider now directly owns 6 shares of the company’s stock, valued at $8,108.04. This represents a 99.01 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.94% of the company’s stock.

Hedge Funds Weigh In On Mettler-Toledo International

A number of hedge funds and other institutional investors have recently made changes to their positions in MTD. Robeco Institutional Asset Management B.V. boosted its position in shares of Mettler-Toledo International by 46.9% during the third quarter. Robeco Institutional Asset Management B.V. now owns 29,136 shares of the medical instruments supplier’s stock worth $43,695,000 after purchasing an additional 9,306 shares in the last quarter. National Pension Service boosted its position in shares of Mettler-Toledo International by 8.0% during the third quarter. National Pension Service now owns 34,039 shares of the medical instruments supplier’s stock worth $51,048,000 after purchasing an additional 2,521 shares in the last quarter. QRG Capital Management Inc. boosted its position in shares of Mettler-Toledo International by 9.1% during the third quarter. QRG Capital Management Inc. now owns 382 shares of the medical instruments supplier’s stock worth $573,000 after purchasing an additional 32 shares in the last quarter. PDS Planning Inc bought a new position in shares of Mettler-Toledo International during the third quarter worth $211,000. Finally, CWA Asset Management Group LLC bought a new position in shares of Mettler-Toledo International during the third quarter worth $1,428,000. 95.07% of the stock is owned by institutional investors.

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.