Mettler-Toledo International (NYSE:MTD) Upgraded to Buy by StockNews.com

StockNews.com upgraded shares of Mettler-Toledo International (NYSE:MTD) from a hold rating to a buy rating in a research note published on Monday morning.

Separately, Evercore ISI raised their price target on Mettler-Toledo International from $1,200.00 to $1,300.00 and gave the company an in-line rating in a research note on Thursday, April 4th. One analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of Hold and a consensus price target of $1,233.25.

Mettler-Toledo International Price Performance

Shares of NYSE MTD opened at $1,255.24 on Monday. The company has a market cap of $26.85 billion, a price-to-earnings ratio of 34.97, a price-to-earnings-growth ratio of 3.38 and a beta of 1.15. The stock’s 50-day moving average is $1,275.74 and its two-hundred day moving average is $1,178.52. Mettler-Toledo International has a 1-year low of $928.49 and a 1-year high of $1,525.14.

Mettler-Toledo International (NYSE:MTD) last issued its 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). Mettler-Toledo International had a net margin of 20.82% and a negative return on equity of 904.59%. The firm had revenue of $934.90 million during the quarter, compared to analyst estimates of $959.45 million. During the same period last year, the business earned $12.10 EPS. The firm’s revenue was down 11.6% compared to the same quarter last year. Equities research analysts anticipate that Mettler-Toledo International will post 39.9 earnings per share for the current fiscal year.

Insider Transactions at Mettler-Toledo International

In related news, insider Christian Magloth sold 400 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $1,278.73, for a total transaction of $511,492.00. Following the transaction, the insider now owns 734 shares in the company, valued at approximately $938,587.82. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, insider Christian Magloth sold 400 shares of the company’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $1,278.73, for a total value of $511,492.00. Following the completion of the sale, the insider now owns 734 shares in the company, valued at approximately $938,587.82. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Shawn Vadala sold 300 shares of the firm’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $1,210.83, for a total transaction of $363,249.00. Following the transaction, the chief financial officer now directly owns 4,914 shares in the company, valued at $5,950,018.62. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 951 shares of company stock worth $1,170,256. Corporate insiders own 1.94% of the company’s stock.

Institutional Trading of Mettler-Toledo International

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Rise Advisors LLC acquired a new position in shares of Mettler-Toledo International in the first quarter valued at approximately $25,000. MV Capital Management Inc. increased its stake in Mettler-Toledo International by 162.5% in the 4th quarter. MV Capital Management Inc. now owns 21 shares of the medical instruments supplier’s stock valued at $25,000 after buying an additional 13 shares during the period. CVA Family Office LLC purchased a new position in Mettler-Toledo International during the 4th quarter worth $27,000. Spartan Planning & Wealth Management acquired a new stake in shares of Mettler-Toledo International in the 4th quarter worth $27,000. Finally, Bellevue Group AG purchased a new stake in shares of Mettler-Toledo International in the fourth quarter valued at about $30,000. 95.07% of the stock is owned by hedge funds and other 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.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.