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

Shares of Mettler-Toledo International Inc. (NYSE:MTD) have been assigned an average rating of “Hold” from the nine analysts that are presently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company. The average 12 month target price among analysts that have covered the stock in the last year is $1,380.50.

A number of research firms recently issued reports on MTD. Robert W. Baird lifted their target price on Mettler-Toledo International from $1,362.00 to $1,369.00 and gave the company a “neutral” rating in a research report on Monday, February 10th. Citigroup lowered their price target on Mettler-Toledo International from $1,450.00 to $1,400.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 4th. Wells Fargo & Company increased their price objective on Mettler-Toledo International from $1,350.00 to $1,400.00 and gave the company an “equal weight” rating in a report on Monday, February 10th. Evercore ISI boosted their target price on shares of Mettler-Toledo International from $1,450.00 to $1,475.00 and gave the stock an “outperform” rating in a report on Monday, February 10th. Finally, Wolfe Research assumed coverage on shares of Mettler-Toledo International in a research report on Friday, December 13th. They set a “peer perform” rating on the stock.

Mettler-Toledo International Stock Performance

NYSE:MTD opened at $1,176.04 on Monday. The stock has a 50-day simple moving average of $1,283.84 and a 200 day simple moving average of $1,302.91. Mettler-Toledo International has a 52-week low of $1,142.91 and a 52-week high of $1,546.93. The company has a market cap of $24.51 billion, a PE ratio of 29.02, a PEG ratio of 3.30 and a beta of 1.15.

Mettler-Toledo International (NYSE:MTD) last issued its quarterly earnings results on Thursday, February 13th. The medical instruments supplier reported $12.41 earnings per share for the quarter, topping the consensus estimate 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%. On average, research analysts predict that Mettler-Toledo International will post 42.71 earnings per share for the current fiscal year.

Insider Buying and Selling at Mettler-Toledo International

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

Institutional Investors Weigh In On Mettler-Toledo International

A number of institutional investors have recently modified their holdings of MTD. Townsquare Capital LLC boosted its stake in shares of Mettler-Toledo International by 2.0% in the third quarter. Townsquare Capital LLC now owns 462 shares of the medical instruments supplier’s stock valued at $693,000 after buying an additional 9 shares during the period. Glenmede Trust Co. NA raised its holdings in Mettler-Toledo International by 2.2% in the 3rd quarter. Glenmede Trust Co. NA now owns 1,155 shares of the medical instruments supplier’s stock valued at $1,732,000 after acquiring an additional 25 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Mettler-Toledo International by 4.1% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,989 shares of the medical instruments supplier’s stock valued at $8,982,000 after acquiring an additional 234 shares during the period. Public Sector Pension Investment Board grew its holdings in shares of Mettler-Toledo International by 12.3% during the 3rd quarter. Public Sector Pension Investment Board now owns 915 shares of the medical instruments supplier’s stock worth $1,372,000 after purchasing an additional 100 shares in the last quarter. Finally, Edgestream Partners L.P. increased its position in shares of Mettler-Toledo International by 1,270.6% in the third quarter. Edgestream Partners L.P. now owns 3,262 shares of the medical instruments supplier’s stock worth $4,892,000 after purchasing an additional 3,024 shares during the period. 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.