Robert W. Baird Increases Mettler-Toledo International (NYSE:MTD) Price Target to $1,360.00

Mettler-Toledo International (NYSE:MTDGet Free Report) had its target price increased by equities researchers at Robert W. Baird from $1,212.00 to $1,360.00 in a research report issued to clients and investors on Monday, Benzinga reports. The firm presently has a “neutral” rating on the medical instruments supplier’s stock. Robert W. Baird’s price target suggests a potential downside of 9.95% from the company’s current price.

Other analysts have also recently issued reports about the company. StockNews.com upgraded Mettler-Toledo International from a “hold” rating to a “buy” rating in a research report on Monday, April 29th. Evercore ISI upped their price objective 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. One investment analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $1,190.71.

Get Our Latest Analysis on MTD

Mettler-Toledo International Price Performance

Shares of MTD opened at $1,510.25 on Monday. The stock has a market capitalization of $32.30 billion, a PE ratio of 42.35, a price-to-earnings-growth ratio of 4.11 and a beta of 1.16. The business’s fifty day moving average price is $1,287.47 and its 200 day moving average price is $1,193.77. Mettler-Toledo International has a 12-month low of $928.49 and a 12-month high of $1,514.82.

Mettler-Toledo International (NYSE:MTDGet Free Report) last issued its earnings results on Thursday, May 9th. The medical instruments supplier reported $8.89 earnings per share for the quarter, topping analysts’ consensus estimates of $7.61 by $1.28. The company had revenue of $925.95 million for the quarter, compared to analysts’ expectations of $879.72 million. Mettler-Toledo International had a net margin of 20.55% and a negative return on equity of 662.32%. The firm’s revenue was down .3% compared to the same quarter last year. During the same period in the prior year, the company earned $8.69 earnings per share. As a group, research analysts anticipate that Mettler-Toledo International will post 40 earnings per share for the current fiscal year.

Insider Activity at Mettler-Toledo International

In related news, CFO Shawn Vadala sold 300 shares of the stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $1,210.83, for a total value of $363,249.00. Following the completion of the transaction, the chief financial officer now owns 4,914 shares in the company, valued at approximately $5,950,018.62. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Mettler-Toledo International news, CFO Shawn Vadala sold 300 shares of the company’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $1,210.83, for a total value of $363,249.00. Following the completion of the sale, the chief financial officer now directly owns 4,914 shares in the company, valued at $5,950,018.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Christian Magloth sold 400 shares of the 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 transaction, the insider now directly owns 734 shares of the company’s stock, valued at $938,587.82. The disclosure for this sale can be found here. Company insiders own 1.94% of the company’s stock.

Institutional Investors Weigh In On Mettler-Toledo International

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Capital International Investors lifted its position in shares of Mettler-Toledo International by 3.0% during the 4th quarter. Capital International Investors now owns 933,989 shares of the medical instruments supplier’s stock valued at $1,132,891,000 after acquiring an additional 27,386 shares during the last quarter. Bank of New York Mellon Corp boosted its position in shares of Mettler-Toledo International by 169.4% in the 1st quarter. Bank of New York Mellon Corp now owns 573,702 shares of the medical instruments supplier’s stock valued at $763,764,000 after purchasing an additional 360,786 shares during the period. Northern Trust Corp increased its stake in Mettler-Toledo International by 1.2% in the 3rd quarter. Northern Trust Corp now owns 279,146 shares of the medical instruments supplier’s stock worth $309,313,000 after purchasing an additional 3,371 shares in the last quarter. Morgan Stanley lifted its stake in Mettler-Toledo International by 9.6% during the third quarter. Morgan Stanley now owns 267,167 shares of the medical instruments supplier’s stock valued at $296,041,000 after buying an additional 23,305 shares in the last quarter. Finally, Norges Bank acquired a new position in shares of Mettler-Toledo International in the fourth quarter worth about $320,847,000. 95.07% of the stock is currently owned by institutional investors.

About Mettler-Toledo International

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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.

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Analyst Recommendations for Mettler-Toledo International (NYSE:MTD)

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