Brokerages Set Mettler-Toledo International Inc. (NYSE:MTD) Price Target at $1,233.25

Mettler-Toledo International Inc. (NYSE:MTD) has earned a consensus rating of “Hold” from the six research firms that are presently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating on the company. The average 12 month price objective among analysts that have covered the stock in the last year is $1,233.25.

Several equities research analysts recently weighed in on MTD shares. Evercore ISI upped their price target on Mettler-Toledo International from $1,200.00 to $1,300.00 and gave the stock an “in-line” rating in a research note on Thursday, April 4th. StockNews.com raised Mettler-Toledo International from a “hold” rating to a “buy” rating in a report on Sunday, March 31st.

Mettler-Toledo International Stock Performance

MTD opened at $1,198.03 on Monday. The stock has a market capitalization of $25.63 billion, a PE ratio of 33.38, a price-to-earnings-growth ratio of 3.39 and a beta of 1.15. The stock’s 50 day moving average price is $1,269.99 and its 200-day moving average price is $1,170.02. Mettler-Toledo International has a 52-week low of $928.49 and a 52-week high of $1,615.97.

Mettler-Toledo International (NYSE:MTD) last issued its quarterly earnings results on Friday, February 9th. The medical instruments supplier reported $9.40 earnings per share for the quarter, missing the consensus estimate of $10.32 by ($0.92). The firm had revenue of $934.90 million during the quarter, compared to analysts’ expectations of $959.45 million. Mettler-Toledo International had a negative return on equity of 904.59% and a net margin of 20.82%. Mettler-Toledo International’s revenue for the quarter was down 11.6% on a year-over-year basis. During the same period in the previous year, the company earned $12.10 earnings per share. Research analysts forecast that Mettler-Toledo International will post 39.9 EPS for the current fiscal year.

Insider Buying and Selling at Mettler-Toledo International

In other Mettler-Toledo International news, insider Christian Magloth sold 400 shares of the stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $1,278.73, for a total value of $511,492.00. Following the transaction, the insider now owns 734 shares of the company’s stock, valued at $938,587.82. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Mettler-Toledo International news, Director Elisha W. Finney sold 251 shares of the company’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $1,177.35, for a total value of $295,514.85. Following the completion of the sale, the director now owns 316 shares in the company, valued at $372,042.60. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Christian Magloth sold 400 shares of the stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $1,278.73, for a total value of $511,492.00. Following the sale, the insider now owns 734 shares of the company’s stock, valued at approximately $938,587.82. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 951 shares of company stock valued at $1,170,256. 1.94% of the stock is owned by company insiders.

Institutional Trading of Mettler-Toledo International

Institutional investors have recently made changes to their positions in the business. Caprock Group LLC grew its position in shares of Mettler-Toledo International by 450.2% during the fourth quarter. Caprock Group LLC now owns 1,733 shares of the medical instruments supplier’s stock worth $2,102,000 after purchasing an additional 1,418 shares in the last quarter. Oak Thistle LLC purchased a new position in Mettler-Toledo International during the 4th quarter valued at approximately $1,419,000. TD Asset Management Inc grew its holdings in Mettler-Toledo International by 2.9% during the 3rd quarter. TD Asset Management Inc now owns 41,643 shares of the medical instruments supplier’s stock valued at $46,143,000 after buying an additional 1,180 shares in the last quarter. Atlantic Union Bankshares Corp grew its holdings in Mettler-Toledo International by 7.1% during the 4th quarter. Atlantic Union Bankshares Corp now owns 1,247 shares of the medical instruments supplier’s stock valued at $1,513,000 after buying an additional 83 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. purchased a new position in Mettler-Toledo International during the 3rd quarter valued at approximately $3,743,000. Hedge funds and other institutional investors own 95.07% of the company’s stock.

Mettler-Toledo International Company Profile

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.